Complete Guide: The Fast and Safe Way to Transfer Money to Indonesia from SG (Singapore) Using Transfez

The process of transfer money to Indonesia from SG via traditional bank methods is often complicated, expensive, and non-transparent. Many workers and students in Singapore struggle to find a truly efficient way to send funds.

Are you tired of paying detrimental exchange rate markups or waiting days for the funds to arrive? Old methods are no longer relevant for the required speed, and they waste time that you could be using for other things.

The solution is to switch to a legal remittance fintech platform like Transfez. This article will be a complete guide dissecting the process of money transfer from Singapore to Indonesia using the Transfez application, showing that transfers can now be instant, low-flat-fee, and secure, with very flexible top-up support.

Money Transfer Fees from Singapore to Indonesia and Transfez Advantages

Before sending money, it is important to understand the two cost components that determine how cost-effective your transfer is, and how Transfez addresses them.

Flat Fee vs. Bank Fee (The Key to Saving)

Transfez offers a flat fee of about 5 SGD (approximately Rp 64,000) per transaction. This fee is fixed and transparent, making it very efficient. Compare this to conventional banks that charge a percentage fee or expensive SWIFT fees. The Transfez flat fee is much cheaper, especially when you send a large amount in one transaction.

Real-time Transfer Speed and Transaction Status

Transfez speed is one of its main advantages. Fund transfer can be done quickly, arriving within minutes.

• Transfer Speed: Transfez guarantees a real-time transfer with an estimated time of only 5–10 minutes.
• Status Tracking: You don’t need to call customer service to know the sending status, as you can easily see the transaction history directly in the application after sending. The statuses you will see include: Transaction in process, Completed Transactions, Failed or Rejected Transactions, and Refunded Transactions.

Read Also: The Secure Way to Transfer Money Routinely from Singapore: Beware of Illegal Services & Choose Licensed Platforms

How to Send Money to Indonesia from Singapore via the Transfez App

The money sending process with Transfez is designed to be easy and accessible to everyone, especially for the initial segment who have never used a money transfer application. The first step starts with funding your Transfez wallet.

1. Fund Your Wallet (Wallet Top Up)

Transfez offers unique flexibility for topping up the balance, which is very helpful for migrant workers.

• Option 1: Via PayNow: If you have access to Singapore mobile banking, you can top-up with PayNow. You simply enter the desired amount, Transfez will provide a barcode, and you scan the barcode in your mobile banking account to debit the funds to your wallet.
• Option 2: Via 7/11: If you are more comfortable using cash, you can top-up at a 7/11 store. You need to enter the desired amount in the application first to get a barcode. After that, give the barcode to the 7/11 cashier, pay cash, and the money will be debited to your FlexM wallet (which is integrated with Transfez).

2. Initiate Money Transfer Transaction (Guide on How to Send Money from Singapore to Indonesia Using the Transfez App)

Once the wallet is funded, the transfer process is very simple:

1. Initiate Transaction: You can start sending by clicking: the “International Transfer” button on the home page OR the “Send Money” button on the navigation bar.

2. Calculator Page

Here, you determine the destination country (Indonesia), the amount to send (SGD) or receive (IDR), and check the exchange rate and flat fee.

3. Select and Fill Recipient Details: You can select a saved recipient or create a new one. Required Data includes: Recipient name, Beneficiary relationship, and Bank Details (Account Number, Bank Name).

4. Compliance Information: To fulfill regulations, you must provide: Purpose of Remittance (e.g., ‘Family Support’, ‘School Fees’) and Source of Funds (e.g., ‘Salary’ or ‘Savings’).

5. Confirmation and Transaction Completion: After confirming all details are correct, enter your PIN (as authentication) and the transaction is complete. Your money will be processed within minutes.

Flexibility of Transfer Destinations (Bank and E-Wallet)

One of Transfez’s big advantages is its wide reach in Indonesia.

Sending to Major Indonesian Banks: You can send money to BCA, BRI, Mandiri, BNI, CIMB, Permata, Danamon, and other banks in Indonesia.

Transfer to E-Wallet: Transfez provides the flexibility to send funds directly to e-wallets in Indonesia. You can send to Gopay, DANA, OVO, and ShopeePay. The flat fee of 5 SGD also applies to e-wallet transfers.

Sending Limits and Strategy

For routine transfers, you need to understand Transfez limits, which are determined by your account verification level.

• Tier 1: Maximum SGD 1,500 per transaction.
• Tier 2: Maximum SGD 3,000 per transaction.
• Annual Limit: Maximum SGD 30,000 per year.

Wallet Upgrade Strategy: If you want to increase your transfer limit, you need to upgrade your wallet to Tier 2 by providing proof of address, such as a Hospital billing, Electrical/utility billing, or Phone bill.

Flat Fee Optimization Strategy: With a flat fee of 5 SGD, the most economical strategy is to transfer a large amount all at once (once a month) to reduce the frequency of the fee.

Read Also: The Best Guide to Sending Money to Parents Monthly: Cost-Effective, Secure, and Consistent

Refunds and Customer Service

If something happens to your transaction and a refund is needed, we will send your money back to your wallet within 1-2 days. You can contact us via active platforms such as our email [email protected] or WhatsApp +65 – 8123 – 4567.

Finding an optimal solution for money transfer to Indonesia from Singapore no longer needs to be confusing. Transfez offers the ideal combination sought by users:

• Cost: Very low 5 SGD flat fee.
• Speed: Real-time transfer (5-10 minutes).
• Flexibility: Choice of top-up via PayNow or 7/11, and wide reach to Banks & E-Wallets in Indonesia.

Transfez provides easy guidance, security (with clear compliance), and efficiency. Download the Transfez app today, try the most convenient top-up option, and experience the ease of your first safe instant money transfer!

Download the Transfez App to Send Money from Singapore to Indonesia

Don’t just send money send your love home. Transfez is a money transfer app created by Indonesians who understand your needs in Singapore. The process is secure, the exchange rates are competitive, and most importantly: you can rest assured knowing your family will confirm receipt immediately. Show your love without the hassle! Download Transfez on your phone now (available on Android & iOS)! #SantaiTapiSampai