How to Send Money Securely from Indonesia to Europe

Are you a European who works in Indonesia and is confused about how to send money to Europe? Well, maybe this is your first time and you are a little lost about sending some Euro to your home town. 

It’s actually as simple as opening your social media account. As long as you have your smartphone and internet connection, you’re all set. You probably think that sending money to Europe can only be done by going to the bank. However, you can actually do it from your place.

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You don’t have to worry about deciding which bank to go to or the language barrier while you’re hoping to send some money. We introduce you to Flip. What is Flip and why do you have to send Euro using Flip? What is the current Rupiah to Euro exchange rate? We have all the answers you need.

The Current Rupiah to Euro Exchange Rate

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Before we discuss how to send money from Indonesia to Europe, let’s find out first the newest Rupiah to Euro exchange rate. As we all already know, the exchange rate is changing at any time.

The rupiah to Euro exchange rate ranges between IDR16.000 to IDR17.000 for EUR 1. To find out about the exact amount from Rupiah to Euro, you can simply go to Flip Globe website page or download Flip application for free from Play Store or App Store. By choosing the country destination in the column provided, the latest exchange rate will be displayed.

Bank vs Money Changer: Where to Exchange 

The process of exchanging money in a bank is actually quite easy. You just need to go to the local bank and the staff will inform you of the exchange rate in real time. However, compared to going to the bank, most people prefer to exchange money in a money changer.

Exchanging money in a money changer offers a better rate compared to a bank. However, money changer only serves to sell and buy foreign money, unlike banks which offer other financial transactions such as transferring money abroad or opening a foreign-currency account.

Whether you choose a bank or money changer, you need to spend more time going to those places and queue. There is a much easier way, of course, to send money from Rupiah to Euro without having to go to the bank or money changer. You can simply use Flip and transfer cross-currency money anywhere anytime.

What Is Flip and Why You Should Use Flip

Some of you may haven’t heard about Flip or some probably know Flip as a payment platform. Flip is actually beyond just a payment platform. Creating various innovations in helping customers attain their economic objectives, Flip comes with an easy and fast solution for sending money to more than 50+ countries worldwide with lower fees!

If you are still unsure, in 2016 Flip gained a license from Bank Indonesia and was awarded the LinkedIn Top Startup award in 2021. In the same year, Flip secured Insight Partners, series B funding from Sequoia Capital India, and Insignia Ventures Partners.

How to Send Money Securely from Indonesia to Europe Securely with Flip

As we already mentioned before, sending Euro from Indonesia is very simple. With Flip, you simply need these seven steps to send money to Europe from Indonesia. Here are the easy steps:

1. Download Flip

Flip has various banking and financial products and one of them is Flip Globe. With Flip Globe, you can send money to more than fifty countries around the globe. All you have to do is, first, download Flip application from Play Store or App Store.

2. Fill Your Personal Data

Second, fill in the required data needed in the application to continue the transaction. By filling in your personal data, you’ll have your account and be able to use the services.

3. Select Flip Globe

Later on, choose the Flip Globe feature in the products menu. Once you are on the Flip Globe menu, select the destination country where you wish to transfer your money. To send money to Europe, click the dropdown menu and select the country. You will find many European countries on the list.

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4. Fill the Amount

After selecting the country, next is typing the amount of money you wish to transfer. You can fill in the amount in Indonesian currency or European currency. The current exchange rate is shown below the amount. 

Less assured because in Flip, you will get a lower exchange rate and cheap transfer fee as well! Or, if you wish to check the current exchange rate first, you can go to Flip Currency Converter.

5. Select the Personal Account

Later, you will be directed to the column where you have to select the personal account or business account used in the transaction.

6. Beneficiary’s Account

Next, is completing the beneficiary’s information, from their name and account.

7. Transfer Will Be Proceed

After filling in all the required information, Flip will send the money directly to the beneficiary. So, all you need to do is waiting until your family or friends receive the money you have sent them.

See? It is very easy, right? Besides getting the best rate and transfer fee, you don’t have to spend time and effort to go to the bank to make the Rupiah to Euro transfer. Visit Flip to learn more about Flip’s other products that will help your financial transaction needs.