A More Cost and Time Efficient Solution for Cross Border Foreign Currency Transfers

16 September 2026

Cross border transactions are now an integral part of various financial needs, ranging from business payments, education expenses, and investments to sending funds to family members abroad. When transferring foreign currency, it’s no longer just about exchange rates, convenience, speed, and cost-efficiency are also key considerations.

To address these needs, Maybank is introducing a more cost and time efficient foreign currency transfer service through the new Fast Remittance feature on the M2U ID App. This service allows customers to make digital cross border foreign currency transfers without having to visit a branch. Enjoy a flat transaction fee of USD10 and transfers completed in minutes. The SWIFT transfer option remains available to suit your transaction needs.

What Is Fast Remittance on the M2U ID App?

Fast Remittance is a global foreign currency transfer service available through the M2U ID App (mobile banking). This feature is designed to help customers send funds across borders more conveniently through Maybank Indonesia’s digital banking services.

This service is an ideal option for customers who need to send funds to a recipient’s bank account in another country, whether for personal needs or other purposes that comply with international transaction regulations.

By using the M2U ID App, customers do not need to visit a branch just to make a foreign currency transfer. The process can be completed digitally by following the transaction steps provided in the app.

What Are the Benefits of Using Fast Remittance on the M2U ID App?

The Fast Remittance service is designed to provide the best digital foreign exchange transfer experience with several key benefits:

• Within Minutes
  

  Funds reach the recipient’s account in the destination country in just a few minutes.

• Competitive Fees
  

  Enjoy affordable foreign exchange transfer fees with a flat rate of USD 10 per transaction.

• Global Currency Coverage
  

  Send foreign currency directly in the destination country’s local currency. Five major corridors are available: Singapore (SGD), the United Kingdom (GBP), the European Union (EUR), Australia (AUD), and Hong Kong (HKD).

• Automated & Convenient
  

  Customers do not need to select a manual method. If the currency and destination country match a supported corridor, the M2U ID App system will automatically detect this and route the transaction to the Fast Remittance method.

Why Is Fast Remittance the Right Choice?

The need for foreign currency transfers can arise in various situations. Fast Remittance on the M2U ID App is ready to support your various financial needs, such as:

1. Paying for Education Expenses Abroad
   

   Tuition, housing, or other expenses for students studying abroad require sending funds from Indonesia.

2. Supporting Family Members Abroad
   

   If you have family members abroad, you can use the foreign currency transfer service when you need to send funds to the recipient’s bank account. Sending funds or covering emergency needs for family members abroad can now be completed in a matter of minutes.

3. Cross Border Business Needs
   

   Aktivitas bisnis dengan pihak di luar negeri dapat melibatkan pembayaran dalam mata uang asing. Layanan transfer valas digital dapat membantu transaksi dilakukan secara lebih praktis.

4. Investment Needs
   

   Transactions related to overseas investments may also require sending funds in foreign currencies. Before making a transaction, ensure that the purpose and type of transaction comply with applicable regulations.

   Thus, Fast Remittance is not intended for just one type of need. This service can be used whenever customers need digital interbank foreign currency transfers and want to conduct transactions through a more convenient process.

Destination Countries & Transaction Terms

The Fast Remittance service supports direct foreign currency transfers in local currencies across the following destination country corridors:

Transaction Terms & What You Need to Prepare:

• Bank Code Preparation: When making a transaction, you must select and enter the full bank code (Bank Code, SWIFT Code, SORT Code, or BSB Code) corresponding to the recipient’s bank in the destination country to ensure the transfer is processed correctly.
• Covered Routes: The Fast Remittance service applies to the combinations of currencies and destination countries listed in the table above.
• SWIFT Support: If the selected destination country and currency are not yet supported by the Fast Remittance service, the customer’s remittance transaction can still be processed through the SWIFT network.

You can find complete information on this page.

3 Easy Steps to Transfer Foreign Currency via Fast Remittance

Transferring foreign currency is now very easy—no complicated processes required. Just follow these 3 simple steps:

1. Log in to the M2U ID App
   

   Select the “Interbank Foreign Currency Transfer” menu, then specify the source account.

2. Select the Destination Country
   

   The system automatically detects destination countries supported by Fast Remittance; enter the recipient’s details.

3. Confirm & Send
   

   Review the transaction details, enter your Secure2u passcode, and the transfer is complete.

You can find complete information on this page.

More Convenient Foreign Currency Transfers with the M2U ID App

Sending money overseas no longer takes a lot of time or costs a fortune. With the Fast Remittance service on the M2U ID App, you can enjoy the convenience of digital cross-border foreign currency transactions while saving time and money.

Try the Fast Remittance feature on the M2U ID App now and experience the convenience right at your fingertips!