Sending Money Home With Shinsei GoRemit
By GaijinPot Partners
On August 18, 2014
One of the challenges with living in Japan is paying any bills that you may have back in your home country. Be it student loans or credit cards, transferring money back to your home county is not always easy.
The first option that many foreigners will look at is going to their regular bank and doing an international money transfer. While this is a reliable way to send money, it requires a high level of Japanese understanding to fill out all the required paperwork each time you want to make a transfer.
An easier alternative to the traditional banks is GoRemit by Shinsei Bank. GoRemit is an easy to use, money transfer service that you can use to transfer funds directly into your home account.
Setting up a GoRemit account* is done through their online application process. Once you’ve filled out the online application form you will need to send in copies of required ID such as residence card and a utility bill.
After 7-10 business days, you will receive their welcome pack with a ‘B-link number’ that is tied to your account. Transferring money can be done either online, at your local bank or at an ATM machine set up to do a “furikomi” transfer.
Unsure about your Japanese language level in making a bank transfer? Don’t worry because GoRemit has you covered. In your welcome pack is a letter written in English and Japanese that you can show to the bank teller and they will know exactly what you want to do.
The money transfer service costs ¥2,000 per transaction. The transfer usually takes 1 – 3 business days. Please note that local banking practices at the beneficiary end may cause delays in some cases.
The Shinsei Bank GoRemit is an easy to use option for anyone working in Japan who wants to send a little (or a lot) of their hard earned yen back home.
For details about GoRemit, please check their website. www.shinseibank.com/powerflex/cam/cam_goremita_retail_e.html
*You do not need to open a bank account with Shinsei Bank in order to use the GoRemit service.