Question 1

What's the best way to transfer money from Israel to Indonesia?

Accepted Answer

With the global remittance market booming, there are so many choices for Israeli New Sheqel to IDR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Indonesia from Israel. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final IDR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best remit rate for transferring money from Israel to Indonesia?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Indonesia from Israel. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your ILS to Indonesian Rupiah money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Israel to Indonesia corridor to give you more good choices for your next IDR money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way for transferring money to Indonesia from Israel?

Accepted Answer

Finding the cheapest way to send money from Israel to Indonesia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer ILS to IDR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Israel to Indonesia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

Should I use my bank to transfer money from Israel to Indonesia?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Israel to Indonesia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the ILS to IDR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Israel bank for your Indonesia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

How to send money from Israel to Indonesia fast?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Israel to Indonesia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert ILS to IDR. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Indonesian Rupiah. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Israel to Indonesia money transfers.

Question 6

Which are the best money transfer companies to send money to Indonesia from Israel?

Accepted Answer

The first step in selecting the best money transfer operators for Israel to Indonesia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Israeli New Sheqel to Indonesian Rupiah money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Indonesia.

Question 7

Step by step guide to send money to Indonesia from Israel

Accepted Answer

There are many important aspects of Israel to Indonesia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Israel bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include IDR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
Step 4 - Provision recipient details including name and address.
Step 5 - Decide how much Israeli New Sheqel amount you want to send from Israel.
Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Indonesia to validate that they get the money once the transaction clears.

1 ILS	5,457.78 IDR
5 ILS	27,288.92 IDR
10 ILS	54,577.85 IDR
25 ILS	136,444.61 IDR
50 ILS	272,889.23 IDR
100 ILS	545,778.45 IDR
150 ILS	818,667.67 IDR
200 ILS	1,091,556.90 IDR
250 ILS	1,364,446.13 IDR
300 ILS	1,637,335.35 IDR
400 ILS	2,183,113.80 IDR
500 ILS	2,728,892.25 IDR
600 ILS	3,274,670.70 IDR
700 ILS	3,820,449.15 IDR
800 ILS	4,366,227.60 IDR
1000 ILS	5,457,784.50 IDR
1500 ILS	8,186,676.75 IDR
2000 ILS	10,915,569.00 IDR
2500 ILS	13,644,461.25 IDR
3000 ILS	16,373,353.50 IDR
4000 ILS	21,831,138.00 IDR
5000 ILS	27,288,922.50 IDR
10000 ILS	54,577,845.00 IDR
15000 ILS	81,866,767.50 IDR
20000 ILS	109,155,690.00 IDR
30000 ILS	163,733,535.00 IDR
40000 ILS	218,311,380.00 IDR
50000 ILS	272,889,225.00 IDR
100000 ILS	545,778,450.00 IDR

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