4 Money Transfer Apps to Domestic Accounts

Artikel diperbarui pada 19 March 2024.

Various money transfer applications were developed utilizing the potential of the digital economy. From kompas.com, the digital economy reportedly grew 11% in April 2021. Increasing the flow of funds through digital devices by 37.8 percent, according to BI Governor Perry Warjiyo.

You might be one of those who feel this change in transaction patterns. Digital transactions are growing as a result of the digital economy, which has also shown a positive graph during the pandemic.

This big change certainly needs you to adapt. One of the calculations is the transfer fee. From the official websites of several banks, you are charged Rp 6,500 per interbank transaction. This nominal will feel serious for those of you who actively transfer between banks.

This moment is seen as an opportunity by start-up businesses. Many of these startups have developed money transfer applications with more friendly fees, some even free.

Here are some reviews and recommendations for money transfer applications that can make you extra efficient.

Money Transfer Apps for Super Efficient Transactions

The need to transfer between bank services is utilized by various startup business developers. The service offered to you is in the form of a money transfer application.

These applications can be accessed simply from a smart phone device. Their use is quite easy and fast. Some applications are even supported by other features such as payment services for various needs and bills.

With these recommendations, you can save quite a lot of money every month. Let’s check the most suitable service!

Flip – Owner’s Favorite Money Transfer App Online Shop

Suitable for Online Shop Owners

If you’ve ever sold online, you’ve probably heard of or even used this money transfer app. The services in this app are highly recommended. You can see the 4.8 review score on the Google Play app page. At the time of writing this article, there are already more than 5 million app downloaders using Flip’s services.

Developing Services

Flip itself does not limit its services to money transfer applications. You can also use Flip for the purposes of sending money abroad, purchasing credit and data packages, electricity tokens, and even charging e-Wallet balances.

User Data Protection

For transaction security, your sensitive data will be encrypted and applied layered security. So, transactions in the Flip application can be said to be very safe. There is also a consumer service that is ready to help you if needed.

You can get information about Flip’s policies and services at flip.id or in the application.

DANA – The Easiest Money Transfer App

Popular Digital Wallets

One of the most popular digital wallet and money transfer app options in Indonesia. It can be seen from the number of downloads of more than 10 million on Google Play. The service has a score of 4.4 from over one million reviews.

Conditions Apply

With DANA app, you can enjoy 10 times free transfer fees to all banks every month. You will get this amount back the following month unconditionally. This fee-free service can be used for transfers of at least Rp 50,000 per transaction.

Other Facilities

Apart from transfer purposes, you can also use various payment and transaction features in the app. Some of them include insurance payments, electricity bills, PDAM, and gold purchases.

LinkAja

Red Plate Money Transfer App

The LinkAja application was developed from the collaboration of a set of state-owned banks and Telkomsel. You can enjoy free transfer services with a minimum nominal amount of Rp 10,000 per transaction.

Some of you may recognize this application as Telkomsel Cash (t-cash). This application, which has changed its name and management, received a score of 4.4 from a total of 600 thousand reviews on Google Play.

Currently, there are more than 10 million Google Play users who have downloaded the LinkAja app.

Service Collaboration

Apart from being a money transfer application, LinkAja can be used for many transaction services, banking, to online loan applications. LinkAja can also be used as a payment card replacement for Commuter Line users.

GOPAY – Digital Wallet & Rupiah Transfer App

GOPAY applies a different system to other digital wallets or money transfer applications. Its features are located simultaneously in one application with its parent service. So, to use the service you have to download the GOJEK app first.

Origin of Service

This service was developed as part of the GOJEK app by PT Aplikasi Karya Anak Bangsa. The GOPAY feature itself was originally developed as a payment system. The goal is to make it easier for you as a user to transact with GOJEK partners.

Light Transfer Fee

In line with the development, the GOPAY service now supports transfers to bank accounts with very low fees. You can enjoy the transfer service with a fee of IDR 2,500 per transaction. This is lower than the interbank transfer fee at ATMs.

Conclusion

Transaction activities utilizing digital technology is a new pattern in our economy. Especially during a pandemic, this transaction is an option to protect ourselves and comply with health protocols. In terms of the process, this pattern suits today’s dynamic and efficient economy.

In dealing with this change in transaction patterns, you need to adjust well. Try not to overlook details and amounts that look small. Because in a sustainable routine, the nominal will affect your personal or business cash flow.

The existence of various money transfer applications developed is a very natural thing. It’s a solution for you and a business opportunity for the developers. Learn the policies applied so that there is no difficulty or confusion in utilizing the service.

Make the best use of money transfer app services. So that you can be more efficient and become a person smart in financial matters.