Optimizing Financial Transactions with the Benefits of BI-FAST Transfers
21 August 2023
BI-FAST Transfer via M2U ID App
In the midst of the rapid development of digital technology, financial transactions have become an important aspect of everyday life. In response to customer requests for efficiency and ease of transactions, Maybank Indonesia provides a solution by presenting the BI-FAST (Bank Indonesia Funds Transfer System) transfer method.BI-FAST is a transfer method that can be the right choice for Maybank Indonesia customers who want a fast and reliable financial transaction experience.
BI-FAST has several advantages compared to other transfer methods, such as:
1. Speed
Transfer of funds using BI-FAST can be done instantly. This allows the recipient to immediately receive the transferred funds without having to wait long.
2. Low Cost
As compared to other transaction methods such as RTOL, SKN and RTGS, BI-FAST fees tend to be lower.
3. High Limit
The limit on the amount of money that can be transferred via BI-FAST is higher than other transaction methods. With low transfer fees, BI-FAST is a more economical choice for transferring large amounts of funds.
To see a comparison between transaction methods, the following are the limits and costs incurred by Maybank Indonesia;
| Transaction Type | M2U ID App | ||
| Other Bank (BI-FAST) | Other Bank(RTOL) | Other Bank (SKN) | |
| Cost |
Free of charge up to 50x/ month/customer* for Maybank Saving MAKSI/ MAKSI iB & Maybank Saving MyWadiah. Free of charge up to 10x/ month/ Customer* for Maybank Savings U atau U iB. Free of charge up to hingga 5x/ month/cutomer* for Maybank Savings Payroll One/ Payroll One iB. *The maximum limit for free BI-FAST transfer fees is calculated from the combined transactions of all customer savings accounts that have the same benefits, namely at Maybank Savings U or U iB, MAKSI/ MAKSI iB, Payroll One/ Payroll One iB, Payroll Group/Payroll Group iB, MyWadiah & Payroll employee Maybank Indonesia. |
Free of charge up to 50 times / month / Customer* for Maybank Savings MAKSI/ MAKSI iB & Maybank Tabungan Savings. Free of charge up to 10 times/ month/ customer* for Maybank Savings U or U iB. Free of charge up to 5x/ month/ Customer* for Maybank Savings Payroll One/ Payroll One iB. *The maximum limit of free online transfer fees between banks (RTOL) is calculated from the combined transactions of all customer savings accounts that have the same benefits, namely Maybank U or U iB Savings, MAKSI/ MAKSI iB, Payroll One/ Payroll One iB, Payroll Group/Payroll Group iB, MyWadiah & Payroll Karyawan Maybank Indonesia. |
IDR 2.500,- (Two thousand five hundred). |
| Limit |
IDR 200.000.000 ( two hundred million rupiah)/ day* (non favourite) IDR 10.000.000.000 ( ten billion rupiah)/ day ( transaction favorite and have been verify through email) *Maximum IDR 250.000.000,- (Two hundred fifty million rupiah)/ transaction |
IDR 50.000.000,- (fifty million rupiah)/ transaction*and IDR 200.000.000,-(two hundred million rupiah)/ day and minimum IDR 10.000,- (ten thousand rupiah)/ transaction IDR 10.000.000.000,-(ten billion rupiah)/ day * ( favorite transaction and have been verify through email) *Maximum IDR 250.000.000,- ( two hundred fifty million rupiah)/ transaction |
IDR 200.000.000,- (two hundred million) / day * (non favorite) IDR 10.000.000.000,- ( ten billion rupiah) / day* (favorite transaction have been verified through mail) *Maximum IDR 1.000.000.000,- (one billion rupiah)/ transaction |
For further information regarding the terms and conditions that apply, please visit this page.
Making financial transactions using the BI-FAST method is very easy. Here are the steps you can follow:
- Login M2U ID App. And choose the ‘transfer’ menu and choose ‘BI-FAST / BI-SKN’
- Select BI-FAST
- Select the source account that will be used for the transaction.
- Select Recipient Bank or search for the name of the destination bank.
- Enter the Recipient's Account Number and click "Continue".
- Enter the transaction amount and select the transaction destination, then click "Process".
- Make sure all data is correct and click "Confirm".
- Enter the TAC or Secure2u passcode.
- Transfer with BI-FAST was successful. Click “Add As Favorite” to add the BI-FAST transfer transaction as a favorite transaction.
For further information on how to use the BI-FAST method, please visit this page.
With all the advantages and conveniences offered, it is highly recommended for Maybank Indonesia customers to take advantage of the BI-FAST method through the M2U ID App. Whenever and wherever you are, with the M2U ID App, you can make financial transactions quickly, efficiently and safely. Let's use the BI-FAST service on the M2U ID Appnow! Experience financial transactions with limits and fees that suit your needs!
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