BI-FAST Transfer Fee of 2500 & How to Deposit via BI-FAST on Bittime

In today's digital age, fast and affordable interbank transfers are essential. Fortunately, Bank Indonesia offers a solution through BI-FAST, a modern transfer system that makes sending money much more economical.

With BI-FAST transfer fee of 2500, you can make interbank transfers anytime without worrying about additional fees, including when making deposits via BI-FAST on Bittime.

This article will discuss what BI-FAST is, its transfer fee advantages, comparisons with regular interbank transfers, and a practical guide to depositing BI-FAST to Bittime.

What is BI-FAST Transfer?

BI-FAST is an interbank funds transfer service developed directly by Bank Indonesia. BI-FAST is an abbreviation of Bank Indonesia Funds Transfer System, which serves as a national retail payment infrastructure.

This system was introduced gradually in December 2021 and is part of the modernization of legacy systems such as the SKNBI. The goal is to provide transfer services that are real-time, safe, efficient, and can be used 24 hours, including weekends and holidays.

In practice, BI-FAST transfers are processed through Bank Indonesia's automated clearing system. This system allows funds to be transferred between banks quickly and accurately, with guaranteed delivery to the intended account.

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

BI-FAST 2500 Transfer Fee: More Economical

One of the main reasons BI-FAST is a favorite is the cost. By 2025, BI-FAST transfer fee of 2500 per transaction applies to most major banks in Indonesia such as BCA, Mandiri, BRI, and BNI.

For comparison:

- Regular interbank transfers: around IDR6,500–Rp. 7,500

- RTGS: can reach IDR25,000 or more

- BI-FAST: maximum IDR2,500 per transaction

This means you can save around IDR4,000 per transfer. If you frequently send money or deposit funds into investment platforms like Bittime, this difference can be quite noticeable in the long run.

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

Advantages of BI-FAST Transfer of IDR 2,500

Here are the advantages of BI-FAST transfer of 2500:

1. Real-Time 24 Hours: BI-FAST transfers are processed instantly, typically taking only a few seconds. This service is available 24/7, including national holidays.

2. Large Transfer Limit: BI-FAST supports transfers up to Rp. 250 million per transaction, much larger than regular interbank transfers.

3. Cheaper: With a BI-FAST transfer fee of 2500, you can save more than 60% compared to regular transfers.

4. Multiple Bank Support: Currently there are already 350+ BI-FAST participating banks, so most likely your bank already supports this service.

5. Suitable for Bittime Deposits: Transferring to a Bittime Virtual Account using BI-FAST is the most economical and efficient option.

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

BI-FAST vs Regular Interbank Transfer

Here's a brief overview of the comparison of BI-FAST 2500 transfers vs. regular interbank transfers:

So, if your goal is cost efficiency, BI-FAST is clearly the best choice.

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How to Deposit via BI-FAST on Bittime

For those of you who want to top up your crypto balance, here's how to deposit via BI-FAST on Bittime is simple and fast:

1. Log in to the Bittime App

Log in to your Bittime account, then select the "Deposit IDR” menu.

2. Select Virtual Bank Account

Determine the available Virtual Account (VA) destination bank, then enter the minimum deposit amount according to the provisions.

3. Copy the Virtual Account Number

The system will display a unique VA number. Make sure this number is copied correctly.

4. Transfer Using BI-FAST

Open your bank's mobile banking, then:

- Select the interbank transfer or VA menu.

- Enter the Bittime VA number.

- Select the method “BI-FAST”.

- Enter the nominal amount.

- Confirm transaction.

5. Automatic Balance Deposit

If the transfer is successful, the IDR balance will be credited to your Bittime account within seconds or minutes.

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

Conclusion

With BI-FAST transfer fee of 2500 is currently the most economical interbank transfer solution. Besides being affordable, this system is also fast, secure, and offers a large transaction limit.

For crypto investors or traders, how to deposit via BI FAST on Bittime is highly recommended because it's more efficient than regular interbank transfers. If you frequently make deposits, BI-FAST is definitely a smart choice for the long term.

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 

What is BI-FAST?

BI-FAST is Bank Indonesia's real-time, secure, and low-cost interbank transfer system.

Is it true that the BI-FAST transfer fee is 2500?

Yes, most banks charge a maximum fee of IDR 2,500 per transaction.

Can BI-FAST be used 24 hours?

Yes. BI-FAST is active 24/7, including holidays.

Is BI-FAST deposit to Bittime safe?

Safe, because it uses the official Bank Indonesia system and bank Virtual Account.

How long does it take for the balance to be credited to Bittime?

Usually the balance is entered within seconds to a few minutes.