Sending money home or overseas
(International Remittance)
An international
remittance is called "kokusai soukin kawase." (国際送金為替)
There are three ways to send money to your home country from Japan.
Post Office
Lloyds Bank
Citibank
Post Office
In Japan, the Post Office is also a bank where you can
have a saving account, send money to other accounts, send international
remittances, exchange currency, and other banking services. The
bank inside the post office is called "Yucho."
One method and a very easy way you can send money from your local
post office in the form of a remittance. A remittance is a postal
money order. You can use Japanese yen to buy a postal money order
that is payable in a variety of foreign currencies.
When you send a remittance, it can be in the form of a money order
(check) or directly deposited (telegraphic transfer) into a bank
account. The telegraphic transfer does cost 1,000 yen but it's direct
and you won't need to have someone cash them for you.
Handling Charges
Remittance
amount |
Up to 100,000
yen |
100,001 yen
to 200,000 yen |
200,001 yen
to
500,000 yen
|
500,001 yen
to
1,000,000 yen |
Inpayment
money order |
700 yen |
1,000 yen |
1,500 yen |
2,000 yen |
Telegraphic
Inpayment money order |
1,700 yen |
2,000 yen |
2,500 yen |
2,000 yen |
Ordinary
transfer |
400 yen (regardless
of remittance amount) |
Telegraphic
transfer |
1,400 yen (regardless
of remittance amount) |
Note 1 : For inpayment
money orders, an additional 500 yen will be added to the above
2,000 yen charge on every additional 500,000 yen or portion
thereof, if the amount to be remitted is more than 1,000,000
yen. |
|
Note
3 : Services available depend on the destination country.
Please check at your local post office for details. |
Note
4 : Only the telegraphic transfers can be made from Pa-lu-lu
passbook. |
Delivery Times
Delivery Times depend on postal operation conditions.
| Inpayment money order Approximate |
|
Transfer
China
France
Germany
South Korea
United Kingdom
United States
|
Approx. 4 - 6 days
Approx. 4 - 6 days
Approx. 4 - 6 days
Approx. 10 - 20 days
Approx. 4 - 6 days
Approx. 4 - 6 days |
| Telegraphic remittance |
Approx. 2 - 4 days |
Sample international remittance
application and declaration form.
At the post office, look for the English pamphlet called "Guide
to International Remittances."
|
Yucho
- Post office bank homepage with information for remittance
and bank account
|
Lloyds Bank
 GoLloyds
is a fast, convenient and inexpensive way to send funds overseas.
Use it to electronically remit funds to pre-registered beneficiaries.
Remitters simply use one of Japan's 28,000 ATMs to transfer the
funds domestically. GoLloyds then completes the overseas remittance.
GoLloyds offers most major currencies at very competitive exchange
rates. Funds received by 3:00 pm are remitted abroad the same day
by telegraphic transfer.
The service fee is only 2,000 yen.
Opening an account
To open a GoLloyds account foreign residents are required to provide
photocopies of two of the following:
1) Alien Registration Card (Both Sides)
2) Japanese Drivers Licence
3) Passport (photo page)
Remittance
Account Application Sample
Application
Citibank
 You
can send an overseas remittance if you have a Citibank account.
Citibank's powerful global network offers fast, safe, reliable overseas
remittances, whether by telegraphic transfer or bank draft. The
automatic fixed amount remittance is a convenient choice for parents
who need to send money to children studying abroad.
With a Citibank account, you will have a variety products and services
avaliable. Such products and services are:
Cash card
Credit card
U.S. dollar card
24-hour ATM service
Domestic network
Fund Transfer
Telephone banking
Internet banking
Saturday service
Extended weekday hours
Consolidated bank statements
|
