Shinsei Bank has two types of overseas remittance service: "GoRemit" and "PowerFlex overseas remittance."
You can use either service (or both) depending on your needs.
| Service |
|
|
| Available to |
Customers who have a PowerFlex account |
Customers who have registered for GoRemit |
| Available currencies |
12 currencies
US Dollar
(USD) |
Pound Sterling
(GBP) |
Canadian Dollar
(CAD) |
Australian Dollar
(AUD) |
New Zealand Dollar
(NZD) |
Euro
(EUR) |
Hong Kong Dollar
(HKD) |
Singapore Dollar
(SGD) |
Japanese Yen
(YEN) |
South African Rand
(ZAR) |
Norwegian Krone
(NOK) |
Turkish Lira
(TRY) |
|
12 currencies
US Dollar
(USD) |
Pound Sterling
(GBP) |
Canadian Dollar
(CAD) |
Australian Dollar
(AUD) |
New Zealand Dollar
(NZD) |
Euro
(EUR) |
Hong Kong Dollar
(HKD) |
Singapore Dollar
(SGD) |
Japanese Yen
(YEN) |
Swiss Franc
(CHF) |
Swedish Krona
(SEK) |
Indian Rupee
(INR) |
*Yen funds must be transferred to our designated bank account. Foreign currency funds cannot be accepted.
|
| How to register |
At a branch
*You can register the account which you actually sent the funds to.
*You can register only one beneficiary account.
|
By post
*Beneficiary accounts must be pre-registered.
*There is no limit to the number of beneficiary accounts you can register.
|
| How to make a remittance |
At a branch, by phone
*Instruction by phone is only available if the customer has pre-registered the beneficiary.
|
Transfer the funds in Yen to our designated bank account.
*Corporate customers must send us remittance instructions by FAX or online.
|
| Cut off time for Yen remittance |
The funds will be processed on the following business day after we have confirmed your funds in our account and received your remittance instructions. |
Funds received by 12 p.m. on business days will be processed on that day by us.
Funds received after 12 p.m. will be processed on the following business day. |
| Cut off time for Foreign currency remittance |
Funds received by 1 p.m. on business days will be processed on that day by us.
Funds received after 1 p.m. will be processed on the following business day.
*The cut off time for AUD, NZD, HKD and SGD is 11 a.m.
|
Funds received by 3 p.m. on business days will be processed on that day by us.
Funds received after 3 p.m. will be processed on the following business day. |
| Service charge |
JPY 4,000
*One time free per month for Shinsei Platinum customers.
|
JPY 2,000
*Yen-basis remittances are subject to an additional charge of 0.1% of the amount sent (minimum charge of JPY 1,500).
|
Exchange rate
(Applied exchange rate) |
The PowerFlex exchange rate will be applied depending on the customer's stage. |
GoRemit exchange rate for that day.
*The GoRemit exchange rate is updated every business day around 10 a.m. and is valid until 3 p.m. that day. Rates can be viewed on the GoRemit website.(www.goremit.jp/index/en)
|
We mainly provide services in Japanese at the branches. There are some branches with English speaking staffs, but not always available. Please visit our branch with someone who can understand Japanese if you have concerns about communication. Thank you for your understanding.
Whenever you purchase such financial products as stocks, bonds, interest rate products, foreign exchange products, REIT, etc., whose prices or values are subject to market fluctuations, please make sure to read and understand the explanation in Japanese about individual products you will buy so that you are supposed to fully acknowledge unique risks, fees, and charges each product entails.
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Copyright 2013 - Shinsei Bank, Limited. All rights reserved.
