user48068: I now live in Indonesia and want to send money from my US bank account to an Indonesian bank. Can I use Bitcoin to do this transfer?

user5406: Bitcoin is not well integrated with the legacy banking system. What you want to do would therefore go somewhat like this:

Open an account with a Bitcoin exchange (A) that takes US customers. (Assuming you are a US citizen.)
Deposit USD into the Bitcoin exchange.
Open an account with a Bitcoin exchange (B) that serves the Indonesian market.
Buy bitcoins for USD on A, transfer the bitcoins to B, sell the bitcoins for Indonesian Rupiah on B
Withdraw Indonesian Rupiah from B to your bank account in Indonesia.

As you can see this is somewhat complicated, and there are likely ways to make this transfer more easily. However, I have successfully used a similar method to transfer money to myself in the past and it was much cheaper than an international wire transfer.

48068: <p>I now live in Indonesia and want to send money from my US bank account to an Indonesian bank. Can I use Bitcoin to do this transfer?</p>
 5406: <p>Bitcoin is not well integrated with the legacy banking system. What you want to do would therefore go somewhat like this:</p>

<ol>
<li>Open an account with a Bitcoin exchange (<code>A</code>) that takes US customers. (Assuming you are a US citizen.)</li>
<li>Deposit USD into the Bitcoin exchange.</li>
<li>Open an account with a Bitcoin exchange (<code>B</code>) that serves the Indonesian market.</li>
<li>Buy bitcoins for USD on <code>A</code>, transfer the bitcoins to <code>B</code>, sell the bitcoins for Indonesian Rupiah on <code>B</code></li>
<li>Withdraw Indonesian Rupiah from <code>B</code> to your bank account in Indonesia.</li>
</ol>

<p>As you can see this is somewhat complicated, and there are likely ways to make this transfer more easily. However, I have <a href="https://bitcoin.stackexchange.com/a/25588/5406">successfully used a similar method to transfer money to myself in the past</a> and it was much cheaper than an international wire transfer.</p>
