How to send money to Nigeria from Indonesia with the best IDR-NGN rate

Comparing money transfer companies with services between Indonesia and Nigeria, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Here are your best options for sending money from Indonesia to Nigeria

• Wise is the best way to transfer Rupiah into Naira. Sending 4,200,000 IDR to NGN will cost you Rp61204 in fees, and your recipient will receive 319,712.89 NGN. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• Cheapest way to transfer money to Nigeria from Indonesia is via Wise.

• Fastest company to send money to Nigeria from Indonesia is with Wise. Right now, if you are sending Rp4,200,000 with Wise to Nigeria, the transfer time is within minutes. This can vary depending on your needs, but it's the fastest option.

For this route, we’ve compared 5 providers providing services between Indonesia and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Nigeria will provide a specific provider that’s best for transferring money from Indonesia.

The exchange rate is the price you will pay when buying Naira in Indonesia. A better exchange rate means you send more Nairas to Nigeria.

Currently, the mid-market rate between the Rupiah and Naira is 0.0765.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Indonesia to Nigeria.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Rupiah. The current IDR-NGN mid-market rate is 0.0765 NGN per Rupiah.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Rupiah you’re sending to Nigeria. Wise currently has the lowest fees for transfers into NGN of just 61204 IDR. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Indonesia. The bigger the amount received in Nigeria, the lower the overall cost of sending from Indonesia.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Indonesia and Nigeria for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from Indonesia to Nigeria.

Here are all the ways to send money from Indonesia to Nigeria:

Bank transfers

Bank transfers are often the better option for money transfers from Indonesia to Nigeria.

Sending money via a bank transfer with a company such as Wise for transfers from Indonesia to Nigeria allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Indonesia to Nigeria with a prepaid or a debit card is very simple with Western Union Agent.


Western Union Agent is a leader in card payments for transfers from Indonesia to Nigeria, competing among a total of 5 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between Indonesia and Nigeria have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Rupiah could change. We always recommend comparing IDR-NGN rates for your specific transfer amount. Then, with transfers to Nigeria, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of IDR to Nigeria, we’d recommend Wise.

There are different options for receiving Naira in Nigeria. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Indonesia to Nigeria will offer every method for incoming Naira, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Indonesia into Nigeria. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Indonesia and Nigeria.

And if you need cash right away, check if cash pickup is an option for transfers between Indonesia and Nigeria.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

You will need to verify your ID at the sign up stage when sending from Indonesia to Nigeria through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Indonesia through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Nigeria, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Nigeria, it’s always best to check ahead just in case.

Larger transactions between Indonesia and Nigeria are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Nigeria, was their easy sign up process in Indonesia.

When sending money between Indonesia and Nigeria there will be tax declarations to consider.

Some transfers into Naira may need to be reported to tax authorities in Nigeria. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Nigeria based on age, income and personal circumstance. When in doubt, please contact a tax professional in Indonesia or Nigeria to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.