Money transfer to Indonesia

[Dor1813]

Hi

I am about to place a deposit with the resort in Bangka, Manado. As they provided their bank account with swift code, I am looking at cheaper options instead of bank to bank transfer which costs about $25.

Has anyone used Panin Bank ?
Appreciate sharing your experiences, safe/secure or any other suggestions are welcome.

Thanks.

 

[Pearlman]

Dont they have PayPal?

 

[Dor1813]

Unfortunately ... no. There are few ways to transfer cheaply from Austalia to Indonesia but not from Singapore.

Looks like I've to pay the bank charges of $25 for the $200 deposit.:depressed:

 

[chillyinCanada]

I've tried a bunch of different things (transfer funds monthly) and the fee is the fee. Best of luck.

 

[Wingy]

I just did a transfer to Singapore from Australia and had to use swift code and pay the $20 fee - have done this in Indonesia before too without a problem.

 

[dirtfarmer]

If your "special" enough your bank will wave the fee.

 

[LiquidDivingAdventure]

Remember that besides the "outgoing fee" that you may have to pay, there can also be and "incoming fee" by the Indonesia bank. Both fees are your responsibility so add some extra to the transfer for that incoming fee. The most reasonable approach is to pay in full and avoid multiple transfer fees. There is also an option with XE, the currency conversion site but I have not used them.

 

[mathauck0814]

$25 is about right for an international wire.