Question 1

What's the best way to do Philippines to Indonesia money transfers?

Accepted Answer

With the global remittance market booming, there are so many choices for Philippine Peso 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 Philippines. 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 rate to transfer money to Indonesia from Philippines?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Indonesia from Philippines.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your PHP to Indonesian Rupiah remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for PHP to IDR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

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

Accepted Answer

Finding the cheapest way to send money from Philippines 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 PHP 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 Philippines 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 send money from Philippines to Indonesia?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low PHP to IDR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Philippines to Indonesia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Indonesia from Philippines. They do this by letting you fund your transaction through your local bank account in Philippines, and by allowing you to choose the payout to be your recipient's bank account in Indonesia. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

How to send money from Philippines to Indonesia fast?

Accepted Answer

The speed of your Philippine Peso to Indonesian Rupiah funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert PHP to IDR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Indonesia from Philippines is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Indonesia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout IDR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Philippines bank to Indonesia bank transfer.

Question 6

Which are the best money transfer companies to transfer money from Philippines to Indonesia?

Accepted Answer

The first step in selecting the best money transfer operators for Philippines 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 Philippine Peso 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 Philippines

Accepted Answer

There are many important aspects of Philippines 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 - Philippines 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 Philippine Peso amount you want to send from Philippines.
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 PHP	282.83 IDR
5 PHP	1,414.14 IDR
10 PHP	2,828.27 IDR
25 PHP	7,070.68 IDR
50 PHP	14,141.36 IDR
100 PHP	28,282.71 IDR
150 PHP	42,424.06 IDR
200 PHP	56,565.42 IDR
250 PHP	70,706.78 IDR
300 PHP	84,848.13 IDR
400 PHP	113,130.84 IDR
500 PHP	141,413.55 IDR
600 PHP	169,696.26 IDR
700 PHP	197,978.97 IDR
800 PHP	226,261.68 IDR
1000 PHP	282,827.10 IDR
1500 PHP	424,240.65 IDR
2000 PHP	565,654.20 IDR
2500 PHP	707,067.75 IDR
3000 PHP	848,481.30 IDR
4000 PHP	1,131,308.40 IDR
5000 PHP	1,414,135.50 IDR
10000 PHP	2,828,271.00 IDR
15000 PHP	4,242,406.50 IDR
20000 PHP	5,656,542.00 IDR
30000 PHP	8,484,813.00 IDR
40000 PHP	11,313,084.00 IDR
50000 PHP	14,141,355.00 IDR
100000 PHP	28,282,710.00 IDR

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