Here are 42 Lists of Banks Included in the BI Fast

Here are 42 Lists of Banks Included in the BI Fast Participant System

The current payment system is faster and easier, so it's no wonder that many businesses and consumers are quite optimistic about the economy in Indonesia. Bank Indonesia, as the central bank in Indonesia, has also introduced innovations to support the payment system. This innovation is called BI Fast.

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BI Fast is one of the infrastructures that support the payment system. Users don't need to download BI Fast because this infrastructure is part of the bank service application. When you want to make a transaction, you will experience what is called BI Fast.

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Currently, there are at least 21 banks ready to provide BI Fast transfer services. An attractive advantage of this service is the very low transfer fee. Users are only charged Rp2,500,- for interbank transfers.

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Previously, it's important to note that interbank transfers incurred a fee of Rp6,500. However, over time and with the introduction of BI Fast, there has been a reduction in fees to Rp2,500,-. This has brought about changes in consumer behavior. They are no longer worried about making online transactions and transferring funds between different accounts.

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List of Banks Participating in BI Fast:

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1. Bank Tabungan Negara (BTN)
2. Bank Tabungan Negara Unit Usaha Syariah (UUS)
3. Bank DBS Indonesia
4. Bank Permata
5. Bank Permata UUS
6. Bank Mandiri
7. Bank Danamon
8. Bank Danamon UUS
9. Bank CIMB Niaga
10. Bank CIMB Niaga UUS
11. Bank Central Asia (BCA)
12. Bank UOB Indonesia
13. Bank Mega
14. Bank Negara Indonesia (BNI)
15. Bank Syariah Indonesia
16. Bank Rakyat Indonesia (BRI)
17. Bank OCBC NISP
18. Bank Sinarmas
19. Bank Citibank NA
20. Bank BCA Syariah
21. Bank Woori Saudara Indonesia
22. Bank HSBC Indonesia
23. Bank Pembangunan Daerah (BPD) Jawa Barat & Banten (BJB)
24. Pan Indonesia Bank (Bank Panin)
25. Bank Multi Arta Sentosa
26. Bank Sinarmas Unit Usaha Syariah
27. Bank Maspion Indonesia
28. Bank Pembangunan Daerah Bali
29. Bank Digital BCA
30. Bank Sahabat Sampoerna
31. Allo Bank Indonesia
32. BPD Jateng
33. BPD Jateng UUS
34. Bank Mandiri Taspen
35. Bank Papua
36. Bank Nationalnobu
37. Bank Ganesha
38. Bank KEB Hana Indonesia
39. Bank Mestika Dharma
40. BPD Jawa Timur
41. BPD Jawa Timur UUS
42. BPD Nusa Tenggara Timur

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Advantages of Being a BI Fast Participant:

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After knowing which banks are BI Fast participants, you also need to understand the benefits of this service, namely:

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1. 1. Simple. You only need to attach the account number for transactions. If you forget the number, you can still use the email address. However, if you want it to be easier and faster, you can just attach the phone number.
2. Secure. Transaction security guarantees are recognized and verified. This is because Bank Indonesia is the main protector of all transactions.
3. Fast. The information technology era that allows anyone to access information requires speed. This can be responded to well by BI Fast. This service is able to provide speed as well as accuracy in transferring or managing money.
4. Economical. What do people want when they want to use a new service? Of course, the answer is either free or paid. Therefore, some banks that have just registered with BI Fast provide free services to consumers. However, even if it's paid, there is a reduction in fees to Rp2,500,-.

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BI Fast Services:

After understanding the advantages of BI Fast, you need to know what services consumers can receive, namely:

1. Interbank transfers become cheaper.
2. Serving payments 24 hours a day and can be done in real time.
3. Security guarantees from Bank Indonesia so you don't have to worry about fraud.
4. Gradually setting maximum limits up to Rp250 million per transaction.
5. Initially, there were only 21 banks participating, and now it has increased to 42 banks.

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Once you have understood the list of banks, services, and advantages of BI Fast, you can implement it in your business. To enable your business to grow, apply Brick to connect with digital financial services. Therefore, make sure your business accepts bank transfer payment methods by activating virtual accounts with Brick. Provide various payment methods and receive automatic notifications.