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

Comparing the different providers offering services between the Philippines and Indonesia, is the best way to send money with confidence.

Here are your top options for sending money from the Philippines to Indonesia

• Wise is our top choice for PHP to IDR transfers. For example, sending 14,700 PHP to IDR will cost you ₱97.41 in fees, and you will receive 4,258,422 IDR. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• Cheapest company to send money to Indonesia from the Philippines is Wise. They offer a fee of 97.41 PHP and exchange rate between PHP-IDR that is -0.11% different to the mid-market rate. Sending money from the Philippines to Indonesia through Wise will cost you 97.41 PHP in fees.

• Fastest money transfers from Philippines to Indonesia is with Wise.

The 4 providers we've compared ensures you will get the best options for your transfer to Indonesia from Philippines. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Philippine Peso to Indonesia.

The exchange rate determines how much Rupiah you will get for every Philippine Peso you want to send. A better exchange rate is the best way to save money on transfers from the Philippines to Indonesia.

The current rate between the Philippine Peso and Rupiah is 291.686.

With currencies, the exchange fluctuates constantly, and the PHP-IDR exchange rate is no different. Tracking the rate and understanding the averages can help get a better deal. Even waiting a day or two can help you get more IDR for the same amount of Philippine Peso. Also, a forward contract allows you to lock in an agreed exchange rate between the Philippines and Indonesia.

The total cost of money transfers from Philippines to Indonesia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for PHP-IDR is currently 291.686 IDR per Philippine Peso. Providers offering services closer to this rate will ensure more Rupiah for your Philippine Pesos.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Wise, just 97.41 PHP per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Rupiah. Simply, the higher the amount received in the Philippines, the lower the cost of sending from Indonesia.

The most cost effective way to send money from the Philippines to Indonesia is via a bank transfer.

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

Bank transfers

Bank transfers are often the fastest option, and normally the cheapest, for sending money from the Philippines to Indonesia.

By opting for a money transfer company such as Wise for transfers from the Philippines to Indonesia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Using a debit card, or prepaid option, for sending money from the Philippines to Indonesia is easy with Western Union Agent.


Western Union Agent is a market leader in debit card payments for transfers from the Philippines to Indonesia, this is among a total of 4 money transfer companies compared.

Credit cards

When it comes to credit card transfers from the Philippines to Indonesia, we recommend running a quick comparison to get the best deal as not many companies offer direct credit card deposits.

Regulations are important for keeping your money safe, Philippines and Indonesia have different regulations to consider.

Our directory of worldwide financial regulators contains details on regulation for money transfers between the Philippines and Indonesia.

Some companies offering money transfers between the Philippines and Indonesia will come with minimum or maximum thresholds on how much you can send or receive and this could cause rates or fees to change.

Comparing PHP-IDR rates for your specific transfer amount will factor in these rates and fees changes, so you’ll get the best provider for your specific needs. For regular transfers from the Philippines to Indonesia, it’s best to check any changes in fees and rates every time you send.

For large transfers of money transfers from the Philippines to Indonesia we’d recommend Wise. They offer a competitive combination of rates and fees when sending from the Philippines to Indonesia, even at larger amounts.

Also, be sure to check with the recipient and understand any declarations needed on large amounts of money entering Indonesia from the Philippines.

Receiving Rupiah in Indonesia has a few different options. The most popular ways to receive are through a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering money transfers from the Philippines to Indonesia will cater for every method for incoming Rupiah, so it’s best to check ahead of time.

One of the more popular ways is sending money from the Philippines directly to a bank account in Indonesia. This is because it means the recipient in Indonesia has to do very little. Wise is the best company for bank transfers between the Philippines and Indonesia.

Whilst cash pickup is popular, it is not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp operate in Indonesia and are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When using a money transfer provider to send Philippine Pesos to Indonesia, you will need to verify your ID at the sign up stage.

Documents needed will vary and in some cases you might need a couple of options.

Generally speaking, those in the Philippines can verify through a government issued ID such as a driver’s license or passport. If the recipient needs an ID to collect money or open a multi-currency account in Indonesia, both can also be used there as well.

Large transactions between Philippines and Indonesia will be subject to additional security measures such as proving where the funds originated, these will be for anti-money laundering purposes.

Wise has scored highly for transfers to Indonesia because of the easy sign up process in the Philippines.

There will be tax declarations to consider when sending larger amounts of money between Philippines and Indonesia.

Transfers into Rupiah may need to be reported to tax authorities in Indonesia as well, where regular income, large amounts (such as property or inheritance) and business payments will all be subject to tax checks.

Based on the recipient, tax limits in Indonesia, as well as personal allowances will change. When in doubt, we’d recommend contacting a tax professional in the Philippines or Indonesia to discuss your personal circumstances. This ensure you are not missing any specific tax declarations associated with your circumstances.