How to send money to Philippines from Indonesia with the best IDR-PHP rate

Comparing money transfer companies with services between Indonesia and the Philippines, 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 the Philippines

• Wise is the best way to transfer Rupiah into Philippine Peso. Sending 4,200,000 IDR to PHP will cost you Rp62128 in fees, and your recipient will receive 14,188.85 PHP. The delivery time usually is within minutes, but it depends on the day you make the transfer.

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

• Fastest company to send money to the Philippines from Indonesia is with Wise. Right now, if you are sending Rp4,200,000 with Wise to Philippines, 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 4 providers providing services between Indonesia and Philippines. This ensures you will get the best options when sending Philippine Peso to the Philippines.

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 the Philippines will provide a specific provider that’s best for transferring money from Indonesia.

The exchange rate is the price you will pay when buying Philippine Peso in Indonesia. A better exchange rate means you send more Philippine Pesos to the Philippines.

Currently, the mid-market rate between the Rupiah and Philippine Peso is 0.0034.

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

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Philippine Peso for your Rupiah. The current IDR-PHP mid-market rate is 0.0034 PHP 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 the Philippines. Wise currently has the lowest fees for transfers into PHP of just 62128 IDR. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Philippine Peso is the biggest indicator of the total cost of sending money to the Philippines from Indonesia. The bigger the amount received in the Philippines, 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 the Philippines 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 the Philippines.

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

Bank transfers

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

Sending money via a bank transfer with a company such as Wise for transfers from Indonesia to the Philippines 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 the Philippines 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 the Philippines, competing among a total of 4 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 the Philippines 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-PHP rates for your specific transfer amount. Then, with transfers to the Philippines, 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 the Philippines, we’d recommend Wise.

There are different options for receiving Philippine Peso in the Philippines. 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 the Philippines will offer every method for incoming Philippine Peso, 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 the Philippines. 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 Philippines.

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

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 the Philippines 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 the Philippines, both of these will also likely be accepted. Depending on the company you are using and where the money is going in the Philippines, it’s always best to check ahead just in case.

Larger transactions between Indonesia and the Philippines 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 the Philippines, was their easy sign up process in Indonesia.

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

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

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