Interbank Transfer Fee of 6500 & How to Deposit via Bank Transfer at Bittime

In today's digital transaction era, interbank transfers have become very commonplace. From sending money to family, paying bills, to topping up accounts on investment and crypto platforms like Bittime.

However, there are still many users who are wondering about interbank transfer fee 6500and is there a more economical way to do it?deposit via bank transfer at Bittime.

This article will discuss the meaning of interbank transfers, their types, the reasons why the Rp6,500 fee still applies, and a complete guide to depositing to Bittime for more efficient transactions.

What is an Interbank Transfer?

An interbank transfer is the process of transferring funds from an account at one bank to an account at another different bank. This process is facilitated by various national payment systems overseen by Bank Indonesia.

Because they involve two different banks, interbank transfers usually have administration fees and a variety of method options, depending on speed, limits, and transaction needs.

Read Also: BI-FAST 2500 Transfer Fee & How to Deposit Via BI-FAST on Bittime

Types of Interbank Transfers in Indonesia

There are several commonly used interbank transfer methods, each with different characteristics in terms of cost and time.

1. BI-FAST

BI-FAST is Bank Indonesia's latest transfer system supports instant transactions 24/7. Fees are very low, with a maximum of Rp2,500, with a limit of up to Rp250 million per transaction.

2. Real-Time Online (RTO)

Real-Time Online (RTO) is a long-standing instant transfer method. This is the method that is identical to interbank transfer fee 6500. Funds arrive within seconds and are available 24 hours a day.

3. Clearing (LLG)

Clearing transfers or Giro Traffic (LLG) take 2-3 business days. They're cheaper than RTOs, but they're not suitable for transactions that require speed.

4. RTGS

Real-Time Gross Settlement (RTGS) is used for large, high-value fund transfers. The process is instant, but the fees are quite high, typically exceeding Rp25,000 per transaction.

Read Also: The Difference Between BI-FAST and Real Time Online and How to Deposit via BI-FAST on Bittime

Why is the Interbank Transfer Fee of 6500 Still Widely Used?

Interbank transfer fee of 6500 is the standard rate for Real-Time Online (RTO) services. This fee is still applied by many major banks in Indonesia because RTO uses an interbank switching network that processes transactions directly.

Some banks that still use this rate include:

1. BCA via KlikBCA and mobile banking.

2. Mandiri Bank Via Livin' and ATM Bersama.

3. BNI and BRI for interbank transfers.

4. Danamon which applies similar rates.

While quick and easy, the IDR6,500 fee can feel expensive if you make frequent transfers, especially for regular top-ups or deposits.

Read Also: How to Buy & Stake USDT to Avoid Negative Portfolio

Comparison of BI-FAST and Interbank Transfer of IDR 6,500

Overall, BI-FAST is superior in terms of costs, while RTO is still superior in terms of ATM availability.

So, for routine transactions such as deposits to exchanges, BI-FAST is clearly more economical.

Read Also:How to Stake Palapa (PLPA) on Bittime: A Complete Guide

How to Deposit Via Bank Transfer on Bittime

Bittime provides deposit methods viaVirtual Account (VA)from several major banks. The process is simple and suitable for beginners:

1. Open the Bittime app and log in to your account.

2. Select the menu “Deposit IDR” on the homepage.

3. Select “"VA Bank"(Mandiri, BRI, CIMB Niaga, or Permata).

4. Enter the deposit amount (minimum IDR 10,000).

5. Click “Deposit Now”, then copy the unique VA number.

6. Log in to your bank's mobile banking or ATM.

7. Select the “Interbank Transfer” or “Virtual Account”.

8. Enter the VA number and select the transfer method, BI-FAST (IDR2,500) or Real-Time Online (IDR6,500).

9. Confirm the transaction.

The balance will automatically be credited to the Bittime IDR wallet, usually within 1-5 minutes.

Read Also: How to Buy USDT with QRIS: Easy Steps for Beginners!

Tips for Saving More on Deposits to Bittime

Here are some tips you need to know to make deposits to Bittime more economical:

1. Use BI-FAST to avoid interbank transfer fees of 6500.

2. Ensure the transfer amount is correct (including the unique code, if any).

3. Keep the transfer receipt for future reference.

4. If the balance has not been credited after more than 1 hour, please contact Bittime support immediately.

Read Also: How to Transfer Palapa Tokens (PLPA) on Pionex via Bittime

Conclusion

Interbank transfer fees of 6500 are still commonly used via the Real-Time Online method because it is fast and widely available. However, for routine transactions such as crypto deposits, these fees can be inefficient.

By understanding how to deposit via bank transfer on Bittime, you can choose the most economical method, especially with BI-FAST which costs much less and has a large limit.

Choosing the right method can make transactions more efficient without sacrificing speed.

Read Also: How to Buy Codatta (XNY) on Bittime: A Complete Guide for Beginners

How to Buy Crypto on Bittime

Want to trade sell and buy Bitcoins and easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ 

Is the interbank transfer fee always Rp. 6,500?

No. A fee of Rp6,500 applies for the Real-Time Online method. BI-FAST is cheaper, with a maximum fee of Rp2,500.

What is the minimum bank transfer deposit at Bittime?

The minimum deposit via bank transfer at Bittime is IDR 10,000.

Is depositing to Bittime via bank transfer safe?

Safe. Bittime is officially registered with Bappebti and uses the national banking system.

Why hasn't the deposit balance been received?

This is usually due to an incorrect amount, system issues, or bank network issues. Save proof of transfer and contact support.

Is it better to use BI-FAST or RTO for Bittime?

BI-FAST is more recommended because it is more cost-effective and has a larger transaction limit.