Sending money from Netherlands to Indonesia: the payments stack
Sending EUR 140 from Netherlands to Indonesia cost 4.29% of the amount on average in Q3 2025, across 23 services in the World Bank's Remittance Prices Worldwide survey. Payouts in Indonesia typically run over BI-FAST, BI-RTGS; between now and the end of 2027 there are 1 weekdays when banks in Netherlands are closed but Indonesia keeps paying out, so the payout balance has to be funded before them.
| Average cost to send | 4.29% of EUR 140 (Q3 2025, World Bank RPW) source |
| Money transfer operators | 3.27% across 21 services |
| Banks | 15.0% across 2 services |
| Collect in Netherlands | SEPA Instant Credit Transfer (SCT Inst), TIPS (TARGET Instant Payment Settlement), T2 (RTGS and CLM), SEPA Credit Transfer (SCT), CENTROlink |
| Pay out in Indonesia | BI-FAST, BI-RTGS, SKNBI (national clearing), QRIS (collections) |
What it costs to send EUR 140
The World Bank surveyed 23 services sending from Netherlands to Indonesia from 8 August 2025 to 22 August 2025. The average total cost, fees plus the FX margin, was 4.29% of the amount sent; money transfer operators averaged 3.27% and banks 15.0%. source
Bank and operator averages are worked out from the survey's provider types.
The send side: Netherlands
- PSD2 sets initial capital for payment institutions at 20,000 euros for money remittance only, 50,000 euros for payment initiation and 125,000 euros for the services in points 1 to 5 of Annex I (Article 7). source
- An e-money institution must hold initial capital of at least 350,000 euros at authorisation (EMD2, Article 4). source
- A payment institution that wants to provide services in another Member State for the first time notifies its home competent authority of the Member States, the services and any agents or branches it will use (PSD2, Article 28); agents are entered in the home register before they start (Article 19). source
Licences, sponsor banks, collections, ramps and KYC providers: sending from the Eurozone.
The payout side: Indonesia
| Payout partner | What it does in Indonesia | Source |
|---|---|---|
| DOKU | Cross Border Payouts send IDR to banks, e-wallets and bill payments in Indonesia, accept deposits in USD, SGD or IDR, validate bank accounts in real time, and serve both licensed remittance platforms and businesses without a local entity. | source |
| Xendit | Pays out IDR over BI-FAST (about 15 minutes, up to IDR 250,000,000) and RTGS (about 2 hours, 2 p.m. cut-off, no limit) to banks and e-wallets for B2B, B2C, C2B and C2C flows. | source |
| Nium · our guide | Pays IDR to all banks in Indonesia in real time 24x7 via BI-FAST and online transfer, by BI-FAST proxy, to wallets and via Visa Direct, with a 2 p.m. Jakarta cut-off for SKN and RTGS. | source |
| dLocal · our guide | Supports payouts in Indonesia by bank transfer and to wallets such as GoPay, OVO, DANA, LinkAja and ShopeePay. | source |
Licensing, local banks, stablecoin ramps, FX and KYC in Indonesia: launching payments in Indonesia.
Payout rails in Indonesia
| Rail | Operator | What matters for payouts | Source |
|---|---|---|---|
| BI-FAST | Bank Indonesia | Real-time retail transfers every day, Monday to Sunday, 24 hours a day; Bank Indonesia sets the maximum amount per transaction and participants must publish it to customers. | source |
| BI-RTGS | Bank Indonesia | High-value real-time gross settlement, open 06:30 to 19:00 Western Indonesia Time (WIB) on operating days set by Bank Indonesia. | source |
| SKNBI (national clearing) | Bank Indonesia | Batch clearing; Nium's cut-off for SKN and RTGS payouts is 2 p.m. Jakarta time, while BI-FAST and online transfers run 24x7. | source |
| QRIS (collections) | Bank Indonesia and the Indonesian Payment System Association | National QR standard for collecting payments; Xendit's QRIS channel accepts up to IDR 10,000,000 per payment and settles T+1 business days. | source |
Holiday gaps to plan for, to December 2027
Weekdays when one side of the corridor is closed. On the 1 dates when Netherlands is closed and Indonesia is open, the payout balance has to already hold enough to cover them. On the 18 dates when Indonesia is closed, instant rails may still pay out.
| Date | Netherlands | Indonesia | What it means |
|---|---|---|---|
| Thu 24 Dec 2026 | Open | Collective leave: Christmas | Indonesia banks closed: only always-on rails pay out |
| Fri 25 Dec 2026 | Christmas Day | Christmas Day | Both closed |
| Fri 1 Jan 2027 | New Year's Day | New Year's Day | Both closed |
| Tue 5 Jan 2027 | Open | Isra Mi'raj of the Prophet Muhammad (1448 H) | Indonesia banks closed: only always-on rails pay out |
| Fri 5 Feb 2027 | Open | Collective leave: Chinese New Year | Indonesia banks closed: only always-on rails pay out |
| Mon 8 Mar 2027 | Open | Nyepi (Day of Silence, Saka New Year 1949) | Indonesia banks closed: only always-on rails pay out |
| Tue 9 Mar 2027 | Open | Collective leave: Idul Fitri | Indonesia banks closed: only always-on rails pay out |
| Wed 10 Mar 2027 | Open | Idul Fitri 1448 H (day 1) | Indonesia banks closed: only always-on rails pay out |
| Thu 11 Mar 2027 | Open | Idul Fitri 1448 H (day 2) | Indonesia banks closed: only always-on rails pay out |
| Fri 12 Mar 2027 | Open | Collective leave: Idul Fitri | Indonesia banks closed: only always-on rails pay out |
| Mon 15 Mar 2027 | Open | Collective leave: Idul Fitri | Indonesia banks closed: only always-on rails pay out |
| Thu 25 Mar 2027 | Open | Collective leave: Good Friday | Indonesia banks closed: only always-on rails pay out |
| Fri 26 Mar 2027 | Good Friday | Good Friday | Both closed |
| Mon 29 Mar 2027 | Easter Monday | Open | Prefund Indonesia the day before: no funding from Netherlands, payouts continue |
| Thu 6 May 2027 | Open | Ascension of Jesus Christ | Indonesia banks closed: only always-on rails pay out |
| Mon 17 May 2027 | Open | Idul Adha 1448 H | Indonesia banks closed: only always-on rails pay out |
| Tue 18 May 2027 | Open | Collective leave: Idul Adha | Indonesia banks closed: only always-on rails pay out |
| Wed 19 May 2027 | Open | Collective leave: Vesak | Indonesia banks closed: only always-on rails pay out |
| Thu 20 May 2027 | Open | Vesak Day (2571 BE) | Indonesia banks closed: only always-on rails pay out |
| Tue 1 Jun 2027 | Open | Pancasila Day | Indonesia banks closed: only always-on rails pay out |
| Tue 17 Aug 2027 | Open | Independence Day | Indonesia banks closed: only always-on rails pay out |
| Fri 24 Dec 2027 | Open | Collective leave: Christmas | Indonesia banks closed: only always-on rails pay out |
Full calendars: Euro area (TARGET2/T2 and SEPA) and Indonesia. Size the buffer with the corridor runway calculator.
Funding the corridor
- At the Bundesbank, T2 RTGS accepts customer payments from 02:30 to 17:00 and bank-to-bank payments from 02:30 to 18:00 on business days, so non-instant euro funding must be sent within those windows. source
- T2 has a non-optional maintenance window every week from 02:30 Saturday to 02:30 Monday, extended over TARGET closing days (for example from Good Friday to the Tuesday after Easter); when the optional weekday window (03:00 to 05:00) is activated, settlement of liquidity transfers in TIPS is affected while TIPS keeps processing instant payments. source
- BI-FAST participants manage cash liquidity in their BI-FAST settlement accounts, and top-ups from BI-RTGS settlement accounts can only be made during BI-RTGS operating hours, so weekend and night payouts depend on balances placed beforehand. source
- BI-RTGS runs 06:30 to 19:00 WIB on its operating days, which caps when rupiah liquidity can move between banks' settlement accounts. source
- Xendit lists a BI-FAST limit of IDR 250,000,000 per transaction; larger payouts go over RTGS with a 2 p.m. Jakarta cut-off. source
Running the corridor
Polynopsis shows every balance on both sides of this corridor in one live position: the collection accounts in Netherlands, the payout partners and banks in Indonesia and any stablecoin in between. It warns before the Indonesia balance runs dry, holidays included. See how it works.
Frequently asked questions
How much does it cost to send money from Netherlands to Indonesia?
The World Bank's survey put the average total cost of sending EUR 140 at 4.29% in Q3 2025, across 23 services. Money transfer operators averaged 3.27%.
Which rails pay out in Indonesia?
Local payouts run over BI-FAST, BI-RTGS, SKNBI (national clearing), QRIS (collections).
When do I need to prefund Indonesia payouts ahead of holidays?
Between now and December 2027 there are 1 weekdays when Netherlands is closed and Indonesia is open, the first on Mon 29 Mar 2027. The payout balance has to cover those days before they start.
Related corridors
Sources
- World Bank, Remittance Prices Worldwide dataset · World Bank
- T2 (opening hours and closing days) · European Central Bank
- TARGET Systems operating schedule, euro · European Central Bank
- SKB Libur Nasional dan Cuti Bersama Tahun 2027 · Kemenko PMK
- Gov't announces 2027 national holidays and collective leave days · Cabinet Secretariat of the Republic of Indonesia
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.