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News on sending money home

2013/04/15

If your time in Japan is a 'working holiday' (which must be the biggest oxymoron I've ever heard of), then you ought to be sending your money back home while the exchange rates are hot. Of course there are also many of us who have come to think of Japan as our 'home' country, but there is still the occasional need to send money overseas. Recently, there has been some news in the world of international remittance, so let's all get up to speed with the latest developments.

The ever-popular GoLloyds service is no more, with Lloyds Bank having been transferred to Shinsei Bank and given the new name, GoRemit. We are assured the service will not change, and there will be no need to resubmit your banking information. GoLloyds has been the industry standard for foreigners all across Japan as a cheap and fast solution for sending money home... after the initial paperwork and registration fees of course. GoRemit operates under a fixed rate of \2000 regardless of how much money you send. Further details can be found on their website here: http://www.golloyds.com/en/

Let's hope they continue they keep up the good work under their new name GoRemit. Because it seems they'll have some serious new competition. The corporate giant, 7-11, will step into the ring with their 18,000 ATM machines all throughout Japan, 7-Bank opens a new remittance service in co-operation with Western Union. Promising to be fast, convenient, and instantaneous, sending money overseas might become easier than ever. 7-Bank operates not with a flat-rate like GoRemit, but with a financial scale that gets more expensive the more money you send. Further details of their service can be found on their website here: http://www.sevenbank.co.jp/soukin/en/

 

Those are the two newest developments in the International Remittance industry, and of course there are still many other trustworthy options such as Citibank, Western Union, Xoom, and of course the Japanese Postal Service. For more information please visit these websites:

http://www.gotjapan.com/living/sending_money.php#post

http://jet.wikia.com/wiki/How_to_send_money_home

 

So these are all the ways you could send money to your family or savings accounts back in your home country, but why do that, when you could spend your money on this! http://wwdj.jp/

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