Free money transfers between banks are one of the advantages many banks offer today. Both digital and conventional banks compete to provide these benefits to attract potential customers to open an account at the bank.
Currently, transferring money online via smartphone is one activity that is never missed every day. However, this activity can sometimes be unpleasant because an admin fee must be paid for every money transfer transaction between banks.
Money of IDR 6,500 for online transfers and IDR 2,500 for BI-FAST transfers is the nominal that you must spend every time you make a transaction between banks. This makes free transfer fees something that many potential customers are looking for.
So, what are the other benefits of free transfers between banks apart from reducing costs incurred during transfers? Here's the full explanation!
Advantages of free money transfers between banks
You can experience several advantages when you use a bank with free money transfers between banks. These advantages include the following:
1. Practical and easy without having to go to an ATM machine
ATM is indeed one of the tools that many people use to make transactions no exception when transferring money between banks and to other banks. However, transferring with an ATM is now also outdated.
Interbank transfers can now be done only via a smartphone. Many digital bank applications today offer the benefit of free money transfers between banks along with other benefits.
MAS Mobile is a digital bank application you can use to transfer money between banks for free. You can open an account online at MAS Mobile. With MAS Mobile, you can also make transfers to many banks without having to go to an ATM, and free of admin fees. Let's open an online account via MAS Mobile here!
2. Guaranteed security
By using a free money transfer service between banks, security is one of the main factors that is most considered. For this reason, many digital bank applications or free interbank transfer service providers are continuously improving their security.
This is also supported by the Financial Services Authority (OJK) regulations, which require these financial service providers to obey and comply with the regulations made. For this reason, as a user, you must also ensure that the bank you use is licensed and supervised by the OJK.
3. Protected personal data
To utilize the free interbank money transfer service, you must open an account or register first. For this reason, personal data is needed to support the registration process. ID cards, signatures to self-portraits are some of the personal data required.
This is one of the activities that must be considered again. This is because personal data is an asset that any party can misuse. For this reason, you no longer need to worry about personal data leakage by using a bank that provides free interbank money transfer services.
4. Expenses that become more efficient
Currently, not all banks offer free interbank money transfers. Each customer will be charged an administration fee of Rp for every interbank transfer transaction. IDR 2,500 - IDR 6,500 for each transaction.
A nominal amount of IDR 2,500 - IDR 6,500 might be insignificant. However, this number will undoubtedly be very burdensome nominal if the number of your transactions in making transfers between banks is counted frequently.
If you often make transfers between banks more than ten times, a fee of IDR 65,000 is a nominal amount of money that makes you spend more. For this reason, for those who often make money transfer transactions between banks, there is nothing wrong if you use a bank with the advantage of free interbank transfers.
You can make MAS Mobile one of the mainstay banks with the benefits of free interbank transfers. You can send money to many banks without administration fees via MAS Mobile.
5. Generally, the benefits of free transfers between banks are followed by other attractive promos
Usually, banks or financial services that offer the benefit of free interbank transfers also have other promos that are no less interesting. You can take advantage of this promo to get more benefits from the bank you use.
This can happen because banks generally offer free transfers between banks to attract new customers and users. So, you should consider other promos from the bank that you will choose.