International money transfer to Indonesia

B612 on 10/05/2017 - 16:02

Hi all,

I am planing my wedding in Bali for next year, and have to start paying for deposit.

What is the best way to pay them? They are not small amount some are like 3-4 k.

I have try look to internet transfer with St George Bank, but the rate is not that great and the exchange rate is bad too.

Please help, thanks.

Financial

Comments

  • John on 10/05/2017 - 16:19

    Make some Indonesian friends who lives here but also have accounts there.

  • tinx on 10/05/2017 - 16:36

    https://www.thecurrencyshop.com.au/international-money-trans…

    never use it but ofx might be the way to go.

    i just gave my citibank debit card to my relative in case I need to transfer money :)

    • B612 on 10/05/2017 - 16:47

      i was on that too, i wonder if anyone have experience with OFX?

      • [Deactivated] on 10/05/2017 - 16:49
        +2

        Yes - OFX is fine. Have a look at worldfirst too - better exchange rages.

  • [Deactivated] on 10/05/2017 - 16:37
    +1

    They are not small amount some are like 3-4 k.

    That's a small amount in the money transfer world?

    What is the best way to pay them?

    They don't take credit cards? That'll get you a decent exchange rate.

    • B612 on 10/05/2017 - 16:46

      if that is the case it is a small amount lol

      no, they don't take credit cards

      • [Deactivated] on 10/05/2017 - 17:01

        If they only accept direct deposits in to an Indonesian account, then your only option is to do a wire through your bank or use a international payment service like OFX, WorldFirst, etc.

        Have you asked them how other foreigners paid in the past? Maybe they'll take paypal as a one-off.

        Withdrawing money at an ATM in indo in cost effective too.

        • B612 on 10/05/2017 - 17:12

          Thanks, is the Citi card the best way to withdraw money from the ATM in Bali?

        • [Deactivated] on 10/05/2017 - 17:12

          @rcarlos108:

          Yup

  • stargalaxy on 10/05/2017 - 16:57
    +2

    OFX is fine, transfer to Indo will take 4 or 5 working days though, so have to take that into account.

  • rockytauhid on 10/05/2017 - 17:15
    +2

    Transferwise, that the best one that I found if I need to transfer to my relative in Indonesia

  • toniyellow on 10/05/2017 - 17:26
    +1

    Try any of these

    https://www.ozbargain.com.au/deals/ofx.com
    https://www.ozbargain.com.au/deals/currencyfair.com
    https://www.ozbargain.com.au/deals/transferwise.com

    If you go through the OzBargain OFX link, they waive the fee, or the other two have referral bonuses if you join with one of the random referral links

    • B612 on 10/05/2017 - 17:30
      +1

      thanks I will have a look

  • altomic on 10/05/2017 - 17:57

    maybe put it in your body board bag?

    • tajid on 11/05/2017 - 10:04
      +1

      Think they charge $15-$20 fixed & exchange rate isn't great.

  • hhbb555 on 11/05/2017 - 08:04

    I've been using http://www.kangaroo-service.com for some time now
    They use like a domestic transfers, meaning your A$ stays in Australia, then they'll transfer the money from their Indonesian account to your Indonesian account, so that will give you the fastest transfer time.

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