JAKARTA - Money transfers are currently a form of banking transactions that are very common to the public. Through this service, customers can easily send funds to other parties. Even now that doesn't need to be done by coming to the bank, it can be faster online.
The existence of transfer facilities makes it easier for people to meet various transaction needs. Even the convenience of online shopping today is also supported by these transfer facilities. Transactions are felt much faster and easier to do from anywhere.
Quoted from Kumparan.com, the transfer of funds is defined in Syaiful Anwar's book of Banks and Financial Institutions. The book states that this is a form of service service from banks at the request of customers to send money in certain amounts.
Fund transfers can also be understood as an activity to transfer funds that will be forwarded to other banks. This activity has been regulated by Article 1 number 1 of Law No.3 of 2011 concerning fund transfers. Basically through this process, a person can transfer money from one account to another.
The mechanism for transferring funds is apparently divided into several services. Each service has different concepts and mechanisms for sending funds. Here are some money transfer services that you need to know:
Clearing
First, there is clearing, namely a fund delivery facility that can be found via mobile banking. You can also find this clearing service at the bank office directly. Tend to be more affordable, it's just that the process of sending the money can take quite a long time.
RTGS
There is continued RTGS, which is a fund transfer service that is usually used to send money in large amounts. The minimum money that can be transferred through this service is Rp. 100 million. Usually this service will be used by between banks and there is a fairly expensive price per transaction.
Online Transfer
This is the type of fund transfer service that is most often used by the public, especially in the digital era like now. You can use this service for transfers between banks and fellow banks using existing online facilities. The cost also tends to be affordable and the process of sending funds can run shorter.
BI-Fast
There is also a BI-Fast service which is now quite relied on by customers when it comes to sending money. This service allows customers from various banks to make interbank transfers. This transfer fee through BI-Fast is more affordable than conventional transfer services.
You can use this transfer service, one of which is through the digibank by DBS application. With the BI-Fast digibank, it allows you to transfer money between banks easily and free without quota, as well as real-time. This is a separate characteristic of BI-Fast services that prioritizes efficiency in sending funds.
From some of the service options that have been mentioned earlier, you can find out which types of transfer services you can use as needed. Each type of service does have different specifications, so make sure it can meet your needs when sending money.
Fund Transfer System
Currently, there are several money transfer systems that you can find in Indonesia. If you send money to someone else, then you could use one of these systems. Here are some of the current transfer systems:
Electronic Cash
First, there is a money transfer system using electronic cash or electronic cash. You can also refer to this electronic money as digital money where this is very popular today. The money will be stored in certain electronic media and can be used for transfers at any time.
Plastic Card Payment System
Furthermore, there is a plastic card payment system where the transfer of funds will be carried out using a non-cash card facility. The type of card used can be in the form of a credit card or debit card. This transfer system is also very often used, especially for purchase transactions.
Direct Funds Transfer System
As the name implies, the direct funds transfer system is a direct system for sending funds. So the system is directly from one account to another. This system is also very common in society and guaranteed to be safe.
Paper-Based Payment Systems
Furthermore, there are paper-based payment systems which are actually increasingly rarely used in modern times like today. This is a paper-based transfer or fund delivery system. This system will involve several facilities such as a giro account so that the fund delivery process can run smoothly.
Along with the times, the type of remittance service continues to change. Of course, this is influenced by existing facilities and technology. The point is that the development of technology is increasingly sophisticated from time to time, the process of sending funds can be easier as well as faster.
Let's also get acquainted with several types of money transfers that you might use. In order to ensure that transactions run smoothly, there are several choices of types of transfer processes that you can rely on. Here are some types of transfers that you can find:
- Transfer funds to others or between bank accounts.- Transfer funds from the sender without any account.- Transfer money from the sender without an account through the recipient who has an account.
In an all-state era like today, all types of transfers are possible to do. So it's no wonder that the ease of transfers and transactions continues to increase. Those who have accounts or do not can now be the sender or recipient of funds in a special way.
More than that, the ease of transfer of funds is now also increasingly felt thanks to online facilities or services. You can even make money transfers without having to come directly to the bank. The transfer process can be done online in an easy way and does not take long with free money transfer applications that are widely circulated and easy to access.
Now you can make transfers more easily and quickly with digibank by DBS. Through this service, you can enjoy various conveniences because there are many advantages offered. Here are some advantages of the service:
- Free transfer without quota using BI-Fast.- Real-time between banks.- Limit transactions reaching IDR 250 million per transaction per day.- Access anytime 24-7 through the digibank by DBS application.
Interestingly, this free transfer service without quota using BI-FAST from digibank by DBS can be enjoyed without a minimum balance, now you don't have to hesitate to make money transfers.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
