Interbank credit transfer is available through SKNBI-Credit Clearing and BI-RTGS
National Clearing System – SKNBI
Transaction settlement system that is developed by Bank Indonesia, in which interbank credit transfer is settled between participants, also known as LLG. Each transaction is limited to the amount of Rp 1.000 million. SKNBI service hours are from 08.00 – 15.00 WIB.
Bank Indonesia – Real Time Gross Settlement (BI-RTGS)
BI-RTGS is an electronic fund transfer in Rupiahs between participants where the settlement is conducted directly and individually per transaction. Transactions using BI-RTGS can only be entertained for the amount of more than Rp100 million, served from 08.00 – 15.00 WIB.
BI-FAST
The BI-FAST service facilitates retail payments that are fast (real-time), secure, efficient, and available 24 hours a day (24/7).
The advantages of BI-FAST include:
- Operates 24 hours a day (24/7)
- Funds are received quickly (real-time) by customers and banks
- Can use a proxy address (such as a mobile phone number or email address) as a substitute for an account number
A maximum fee of IDR 2,500 per transaction applies for BI-FAST services, with a maximum daily transaction limit of IDR 250,000,000 per customer.
