Where to Exchange Money in East Jakarta: 5 Secure and Reliable Options
Knowing where to exchange money in East Jakarta shouldn’t feel like a puzzle. You might be a visitor hunting for good rates, or someone living here needing foreign cash, and either way, finding a trustworthy spot is key.
East Jakarta gives you choices; banks, money changers, and even online services, all there to help you. It is understandable to wonder where to exchange money in East Jakarta that feels safe and offers decent rates. You want to avoid scams and get the most for your money.
That is why exploring your options, and understanding the differences between them, is so important. Let’s keep reading to find out!
Where to Exchange Money in East Jakarta: Best Alternatives
East Jakarta has several options for secure and efficient money exchange, ranging from trusted banks to licensed money changers inside malls.
If you’re wondering where to exchange money in East Jakarta, here are the best options to consider!
1. Major Banks
Exchanging money at a bank is one of the safest options. Banks offer transparent exchange rates, proper documentation, and a secure environment.
-
BCA KCU Rawamangun
One of Indonesia’s most reputable banks, BCA offers a daily updated exchange rate that follows market trends. As of the latest update, their exchange rate for USD-IDR typically ranges between 50-100 points from the mid-market rate. Transactions over IDR 10,000,000 may qualify for a better rate upon request.
-
Bank Mandiri MT Haryono
Known for stability, Mandiri offers fixed daily rates displayed at each branch. The average spread for major currencies like USD and EUR is around 1-2% from mid-market rates. Transactions above IDR 25,000,000 may require prior booking.
Insider Tip:
While banks provide official rates, they may apply a service fee of IDR 50,000 – 100,000 per transaction, depending on the amount exchanged. Always ask for the final amount before confirming your exchange.
2. Authorized Money Changers
If you’re looking for more competitive exchange rates, authorized money changers provide a great alternative to banks.
-
Dolarindo Money Changer (Cibubur Junction)
Offers some of the most competitive exchange rates in East Jakarta, with a spread of 0.5%-1% for major currencies like USD, EUR, and SGD. No service fees apply for amounts above IDR 5,000,000. Open daily from 10:00 AM – 8:00 PM.
-
VIP Money Changer Pulogadung
Known for transparent transactions, VIP Money Changer updates rates every hour based on market fluctuations. The spread ranges from 0.75%-1.5%, depending on the currency. Transactions above IDR 50,000,000 may qualify for a VIP rate upon request. Operating hours: Monday to Saturday, 9:00 AM – 6:00 PM.
Insider Tip:
Money changers may offer slightly better rates for larger transactions. If exchanging more than IDR 10,000,000, always ask if they can offer an improved rate.
3. Money Exchange Services in Malls
Shopping malls in East Jakarta house several reputable currency exchange booths, making them a convenient option.
-
Mall Bassura City
Offers multiple currency exchange booths, typically with a spread of 1-1.5% from mid-market rates. While not always the best rate in town, exchanging here is convenient and safe. Mall hours: 10:00 AM – 10:00 PM daily.
-
AEON Mall Jakarta Garden City
Features well-regulated money exchange counters that accept major international currencies, including USD, EUR, JPY, and SGD. The exchange rate fluctuates based on daily market updates, and the spread is usually around 1.2%. Mall hours: 10:00 AM – 10:00 PM daily.
Insider Tip:
While mall exchange booths are convenient, they may not offer the best rates for large transactions. For better deals, compare with standalone money changers before finalizing.
4. Online Platforms and Mobile Apps
For those who prefer digital transactions, online currency exchange platforms provide a modern and hassle-free option.
-
ATMs for Foreign Card Withdrawals
Banks like BNI, BRI, and CIMB Niaga allow international withdrawals. However, ATM fees range from IDR 50,000 – 100,000 per withdrawal, and the exchange rate is set by your home bank, typically 1-2% below mid-market rates. Withdrawal limits vary from IDR 3,000,000 – 5,000,000 per transaction.
-
Wise (formerly TransferWise)
Offers real exchange rates with low conversion fees (usually 0.5%-1%). It allows you to transfer funds internationally and withdraw IDR from ATMs with a Wise debit card.
Insider Tip:
Avoid ATMs in remote areas and stick to machines at banks or malls for added security. If using Wise or similar services, check their exchange rate against mid-market rates before making a transaction.
Tips for Getting the Best Exchange Rates
Getting the best value for your money when exchanging currency requires some planning. By following a few key strategies, you can avoid unnecessary fees and ensure a smoother transaction process.
Here are some essential tips to maximize your exchange rate in East Jakarta.
1. Compare Rates Before Exchanging
Exchange rates fluctuate daily, and some money changers offer more competitive rates than others. Use online currency converter apps like XE or Wise to check real-time rates before deciding where to exchange your money.
2. Avoid Airport Money Changers
Currency exchange counters at airports often have higher spreads and hidden fees compared to city-based money changers or banks. If possible, wait until you reach East Jakarta and compare rates at different locations before making a transaction.
3. Bring a Passport for Large Transactions
Some exchange locations in Jakarta require ID verification for transactions above IDR 5,000,000. Always carry a valid passport or another form of identification when exchanging a larger amount to avoid unnecessary delays.
4. Exchange in Larger Amounts
Many money changers in Jakarta offer better rates for bulk transactions above IDR 10,000,000. If you are planning to exchange a significant sum, doing it in one go may give you a more favorable rate.
5. Watch for Fake Bills
Counterfeit currency can be an issue in unauthorized exchange spots. Always count your money before leaving the counter and ensure you are using licensed money changers or reputable banks to avoid getting scammed.
Where to Stay for Easy Access to Currency Exchange Locations
Choosing the right accommodation can make exchanging money in East Jakarta more convenient during your visit.
Here are three well-located hotels that provide easy access to money exchange services:
A great choice for those staying in East Jakarta, this hotel is just 10-15 minutes away from Dolarindo Money Changer in Jatinegara and major banks, offering the most convenient exchange experience.
Located in Central Jakarta, this hotel is a 30-35 minute drive from AEON Mall Jakarta Garden City and Buaran Plaza, two major exchange locations.
Situated in a lively part of Central Jakarta, it provides 35-40 minute access to Mall Bassura City and Rawamangun’s VIP Money Changer, making it ideal for travelers who want multiple exchange options.
If you need frequent access to currency exchange, staying at Juno Jatinegara minimizes travel time and allows for easy transactions. However, you can find Ashley Hotel that suits your travel occasion to smoothen your journey and give you the best experience.