Free transfer fee with BI-FAST on M2U ID App
07 February 2024
BI-FAST Transfer via M2U ID App
Do you want to transfer to another bank but are confused about which method to choose? There are various alternative transfer methods for customers, such as RTGS, RTOL, and the most popular transfer method today, BI-FAST. Still unfamiliar with the BI-FAST transfer method? let's discuss more about what BI-FAST is.
Launched by Bank Indonesia at the end of 2021, Bank Indonesia-Fast Payment or BI-FAST is Bank Indonesia's payment systemto facilitate retail payments that can be accessed at any time and support the achievement of a fast, cheap, safe and reliable payment system.
The transfer method service using BI-FAST has several advantages, such as:
- Instantly accessible anywhere and anytime through the M2U ID App.
- Transfer fees are low, even free of charge, compared to other methods such as RTGS and RTOL.
- Higher transaction limits of up to Rp250 million per transaction.
Below is information on BI-FAST fees and limits to other bank accounts according to the type of Maybank Tabungan/Tabungan iB.
| Type of Bank | Fee | Limit |
| Maybank MAKSI/ MAKSI iB Savings Account & Maybank MyWadiah Saving Account |
Free up to 50x/month/ Customer (accumulation of BI-FAST transfer, interbank online transfer/RTOL, bill payment, e-wallet top up and purchase transaction), the following transaction will be charged IDR2,500 (two thousand five hundred rupiah) per transaction. |
- IDR200 million /day for non Favorite feature |
| Maybank U / U iB Savings Account |
Free up to total 10x/ month/ Customer (accumulation of interbank online transfer/RTOL & BI-FAST) if balance before transaction > Rp500,000,-, next transactions will be charged of IDR2,500 (two thousand five hundred rupiah) per transaction. |
|
| Maybank Payroll One/ Payroll One iB Savings Account |
Free up to total 5x/ month/ Customer (accumulation of interbank online transfer/RTOL & BI-FAST) ,next transactions will be charged of IDR2,500 (two thousand five hundred rupiah) per transaction. |
Making transactions using the BI-FASTtransfer method on the M2U ID App is very easy. Here are the steps you can follow:
- Login to M2U ID App, then select 'Transfer' menu
- Select 'BI-FAST / BI-SKN', then select 'BI-FAST'.
- Select the source account that will be used for the transaction.
- Select the Recipient Bank or search for the destination bank name.
- Enter the Recipient Account Number and click "Next"..
- Enter the transaction amount and select the transaction destination, then click "Process".
- Enter the Secure2u passcode.
- Transfer with BI-FAST is successful. Click "Add As Favorite" to add the BI-FAST transfer transaction to your favorites.
For more information, you can visit this page.
Ready for what's next? Get free transfer fees to all banks using BI-FAST transfer method on M2U ID App now!
OTHERS
Japan Desk
Promotion
Customer Support
News & Announcements
KPM Privilege
Locate Us
Refer a Friend
Contact Us
Fees & Charges
Rates Information
Maybank Basic Credit Interest Rate
Customer Education
External Link
Whistle Blowing
Security Privacy and Policy
Social Media Community Guidelines
Corporate Online Services
