As discussed in the previous article (local deposits), when it comes to withdrawals at the FBS broker, there is also a procedure that is no less easy. The withdrawal process at the FBS broker can be sent directly to our local bank account. It accommodates BCA, Bank Mandiri, BNI, BRI and OCBC NISP banks.

Of the various withdrawal options provided by the FBS broker, in our opinion, this method (via a local Indonesian bank) is the simplest, easiest, fastest, and cheapest.

Other methods such as Bank Wire, Credit Card, and eCurrency result in additional costs or fees, and also, with the Bank Wire method, it takes at least 3-5 days. You can also consider Fasapay or local exchange options, but additional steps must be taken.

Local Withdrawal Times at FBS Broker

From our experience, the withdrawal process is usually completed within half a day. In the morning before noon the request, in the afternoon at 3 o'clock it was received, isn't that impressive!?

Usually, when you fill in the withdrawal form, it will state how much time the process will take, and generally, if you fill in during working hours, the estimated time is only a few hours.

You can see that you have filled out more withdrawal forms to local banks at the FBS broker for withdrawals. However, it's not too complicated either. Everything is normal, such as the dollar amount, local bank data, etc.

So that the withdrawal process runs smoothly, don't forget to complete the document verification (KTP) questions first. This is like most forex brokers. It's a good idea if you are just starting trading; you have done the verification work at the beginning when you were still opening an account.

Usually, after the withdrawal request process, the broker will send an email or SMS for verification and security. And you have to go through this process to continue the withdrawal. So always check your email or SMS during the withdrawal process.

Because later, the funds you receive will be in local rupiah, the amount obtained is converted following your bank's 'buy dollar' rate.

Conclusion

• The withdrawal process at FBS can be done easily, quickly, and cheaply directly to our local bank.
• Withdrawals can be processed directly to Bank BCA, Mandiri, BNI, BRI, and OCBC NISP.
• To make a withdrawal, your FBS account must be verified.
• During business hours, the withdrawal process varies from a few minutes to a few hours.
• Withdrawal funds will be immediately disbursed to your local bank account.