Vell vs ANZ: Sending Money from Australia to Indonesia
ANZ is one of Australia's most recognised banks, and its international transfer service is widely used. With a dedicated app, a currency converter tool, and transfers to 40+ currencies, it covers the basics well. But when it comes to sending AUD to Indonesia specifically, there are a few things worth understanding before you hit send.
The Short Version
ANZ charges a flat $9 fee for foreign currency transfers under AUD 10,000 via internet banking, plus applies an exchange rate margin of roughly 3–4% above the mid-market rate. That combination means the total cost adds up more than it first appears.
Vell shows you exactly what your recipient will receive in IDR before you confirm, with competitive pricing and no hidden rate padding.
Side-by-Side Comparison
| Vell | ANZ | |
|---|---|---|
| Transfer fee | Transparent, shown upfront | $9 via internet banking (under AUD 10,000) |
| Exchange rate | Competitive, close to mid-market | ~3–4% margin above mid-market |
| Transfer speed | Fast | 2–4 business days |
| Correspondent bank fees | — | May apply (intermediary banks may deduct) |
| Real-time tracking | Yes | Yes |
| Mobile app | Yes | Yes |
The True Cost of an ANZ Transfer
With ANZ, the total cost of a transfer to Indonesia includes:
- The $9 flat fee (per transfer under AUD 10,000)
- The exchange rate margin — roughly 3–4% above the rate you'd find on Google
- Potential intermediary bank fees — ANZ uses correspondent banks and cannot guarantee third-party deductions won't occur
On a AUD 1,000 transfer, the exchange rate margin alone could cost you the equivalent of AUD 30–40 more than a provider using a rate closer to mid-market. The $9 fee sits on top of that.
Use Vell's Compare Providers tool to see a live side-by-side comparison for the exact amount you want to send.
What ANZ Does Well
- Established and regulated — one of Australia's most trusted financial institutions
- Broad currency support — transfers to 40+ currencies
- Business banking integration — useful for businesses already banking with ANZ
- Branch network — support for more complex transfers
What Vell Does Better
- Lower effective cost — competitive exchange rate with transparent pricing
- No surprise intermediary deductions — what you see is what your recipient gets
- Faster transfers — no waiting 2–4 business days
- Purpose-built for international transfers — not a bolt-on feature
The Bottom Line
ANZ works, but you're paying a premium for the brand familiarity. For regular transfers to Indonesia, the rate gap compounds over time. Vell is purpose-built for exactly this use case.
Want to track the AUD/IDR rate and send when conditions are right? Set up a rate alert with Vell's Rate Tracker.
Last updated: May 2026. Fees and exchange rates are subject to change. Always verify current terms with each provider before transferring.