Sending Money Home

Through the Post Office – Kokusai Soukin Seikyusho

     There is a bank section at every post office where you can open a savings account, pay bills, send money in Japan, and send money home.  Sending money home is called Kokusai Sokin Seikyusho. To get an English publication about this service, please call the Tokyo Postal Savings Center at 03-3865-6100 and ask for the “Guide to Overseas Remittances.”  The cost for this service varies depending on the amount of money you are sending. This service is not available for Ireland and New Zealand.  If you want to send money to either of these countries, you will have to look for another option.

     The post office will issue a check in your home currency.  It will usually take 10 – 14 days for the check to be delivered, (but for some reason it usually takes 14 – 20 days to be delivered to Canada).  When you first go to the post office to attempt this endeavor, follow the colorfully written instructions printed below and refer to the example forms.

 How to send money

  1. Enter the post office.  Don’t take your shoes off.
  2. Bow politely and smile skillfully.
  3. Say “Kokusai sookin o shitai’n desu kedo.”  (I’d like to send some money home, please.) 
  4. Then say “Kyo no pondo/doru etc. no kawasesooba wa ikura desu ka?” (What is the exchange rate for the pound/dollar, etc. today?)  or look in yesterday’s paper for the  Bank of Tokyo rates. They’ll give/show you a printout with the exchange rates.  The rate you’ll receive is the one shown in the boxes on the top of the sheet.
  5. If you want to send money, take a number at one of the banking windows.  If you want to wait to see if the rate will change say “Arigato gozaimashita,” bow skillfully and go back another day.
  6. When they call your number or when a bank teller can help you, say, “Dewa, X mann yen o okuritai’n desu.”  (Well then, I’d like to send X tens of thousands of your Japanese yen, please, gov.)
  7. They should give you a sheet, the check that is sent home, and a carbon copy sheet.
  8. If you don’t get these say “Kokusai sookin seikyuusho o kudasai.”  If they still don’t understand show them the photocopied sheets.  If they still don’t understand – scream.
  9. Fill out the carbon form and the check.
  10. Hand over the dough.
  11. Take your receipt (and the check if you are sending money to the US and decided to mail it yourself), please take care not to forget your change, say “Arigato gozaimashita” (Cheers, Guv), bow (skillfully) and leave.
  12. When you get skillful, you can do it all in 10 minutes.
  13. It should take about a week to arrive.
  14. If you are from the US and decided to mail the check yourself, don’t forget to actually mail it.

Through a bank 

     Of the following remittance procedures, a check is the least expensive followed by mail and telegraphic transfers.  The faster the procedure, the higher the cost.

  • Telegraphic Transfer (Denshin Sokin):  A remittance directly from a bank in Japan that can deal in foreign currency exchange to a specific home country bank account.  (You must have the bank and account information for your home bank.)
  • Mail Transfer (Futsu Sokin):  A safe, relatively fast method in which funds are changed to foreign currency in Japan, a transfer statement is drawn up and then mailed to a specific overseas bank account.
  • Transfer by Check (Sokin Kogitte):  A bank that is able to deal in foreign currency prepares a check, which you then forward by mail.  If you request a check from a regional bank, it may take 4 or 5 days to prepare.

Through Lloyds Bank

Website: http://www.golloyds.com/index/en

      Sorry about the name endorsement, but this has been the easiest way for many ALT’s to send money home.  After filling out the application with Lloyds, you simply go to the bank and use the ATM to send a furikomi  (bank transfer) to Lloyds Bank in Tokyo and the next day the money will be in your account in your home country.  There is no cost to register but there is a 2,000 yen charge from Lloyds every time you transfer money plus the cost of the bank transfer (about 650 yen).  Here’s what you need to do to get started:

Option 1: Online Application

  1. Get an application! Go to the website, fill out, and download the online application. Don’t forget to print and sign it!
  2. Make a photocopy of your Passport (photo page) plus one of the following forms of identification: Japanese Drivers License, Alien Registration Card, Inhabitants Certificate (issued within the last 3 months) or a Health Insurance Certificate. *This must show the same residential address written on your application form.
  3. Send the Application to:  GoLloyds Registrations
                                                        Lloyds Bank
                                                        ATT, New Tower (5F)
                                                        2-11-7 Akasaka
                                                        Minato-ku
                                                        Tokyo 107-0052
  4. When all registration requirements have been satisfied, TSB will send a Welcome Pack, including information on how to use the service at your local bank ATM, through the post which will arrive within 7-10 business days.

Option 2: Offline Application

  1. Download the application from the website.
  2. Make a photocopy of your Passport (photo page) plus one of the following forms of identification: Japanese Drivers License, Alien Registration Card, Inhabitants Certificate (issued within the last 3 months) or a Health Insurance Certificate. *This must show the same residential address written on your application form.
  3. Send the Application to:  GoLloyds Registrations
                                                        Lloyds Bank

                                                        ATT, New Tower (5F)
                                                        2-11-7 Akasaka
                                                        Minato-ku
                                                        Tokyo 107-0052
  4. When all registration requirements have been satisfied, TSB will send a Welcome Pack, including information on how to use the service at your local bank ATM, through the post which will arrive within 7-10 business days.

Seven Bank (711)

http://www.sevenbank.co.jp/soukin/en/?gclid=COS3j9KE3rACFUlMpgodBChT1w

     Apparently 711 has started working with Western Union in order to make sending money home more convenient (go figure). Money can be transferred any time from a Seven Bank ATM which are located everywhere – 711 convenience stores, stations, airports, etc. This service is much more expensive than GoLloyds as the send charge changes depending on how much money you send – 990 yen for a transfer of 10,000yen or less, 1,500 yen for 50,000 yen or less - the charges are outlined here. It’s best to do your research before using the most convenient option.

  1. Open a Seven Bank account and apply for the international money transfer service agreement.
  2. Deposit funds in your Seven Bank account
  3. Request money transfer through the internet banking / mobile banking or a Seven Bank ATM.
  4. Complete!

For More Information…

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