Easy FBS Deposit Guide via Local Bank

September 15, 2023

In addition to the usual deposit process for foreign forex brokers, FBS provides an easy deposit method for Indonesian traders. What is the guide like? Check out more details here.

Currently, the FBS broker accepts deposit services in various ways, starting from those commonly available (credit cards and Wire Transfer) or via E-payment (WebMoney, FasaPay, Skrill, Perfect Money, etc.). However, apart from the methods above, there is also a payment system that feels more special, namely the direct transfer option via a local Indonesian bank.

 

Easy FBS Deposit Method for Indonesian Traders

This option means that clients from Indonesia can take advantage of transfers via the same bank account as their own, so the costs are very cheap, and the process can also be faster. This is because the transfer is between local banks, not a transfer to a bank abroad, as is the case when using Wire Transfer.

How does it work, and what banks are supported by FBS?

Have you found the information you are looking for? If you still have difficulty following the guide from the video above, below we provide a description:

  1. To find FBS payment facilities through local banks, please log in to the Personal Area on the FBS website. Look at the Fund Deposit sub-menu.

    how to deposit fbs local bank 1


  2. After that, many deposit options will appear, including Indonesian Bank. Local deposits can be made with many banks: Bank BCA, Bank Mandiri, BNI, BRI, OCBC NISP, and CIMB Niaga, and others.

    how to deposit fbs local bank 2



  3. Click on one of the banks of your choice, then pay attention to the transfer details and important information that appears at the next stage.

    how to deposit fbs local bank 3


    Regarding the transfer method, you can use all types of transfer methods (ATM, iBanking, Mobile Banking, etc.).


  4. After that, please check the "I have paid" section.


  5. More details will appear like this.

    how to deposit fbs local bank 4


  6. Fill in all the information requested in the form, and don't forget to upload proof of your funds transfer. After completing the deposit form, please click the "Deposit funds" button.

 

How Long Does the FBS Deposit Process Take?

Officially, FBS Broker targets a maximum of 48 hours for the deposit process via local banks. However, from the experience of many traders, the process can be faster, between 2-3 hours, if the transfer is made during FBS working hours. When the deposit process is complete, you will see the balance increase in your account. You can also ensure the success of the deposit process by viewing the Balance status in the FBS Personal Area.

 

Other FBS Deposit Alternatives

There are still options for you to make deposits via local banks, namely with Local Exchangers and FasaPay, which are local E-payments.

However, with the Exchanger and FasaPay methods, additional steps need to be taken into account. First, you must have a Fasapay account, or transfer to an Exchanger account. Indeed, both can be transferred via local banks. Still, the Exchanger and FasaPay methods will be a little more complex, and the costs can be more expensive because they follow the exchange rate set by FasaPay or a particular Exchanger.

FBS Review

FBS is a popular broker on a global scale. Apart from providing low spreads and market execution of 0.3 seconds, this broker has a minimum deposit of just $1. More

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