SBI SHINSEI BANK

For Business Customer

Transfer money abroad quickly and with ease - For Business Users.

The Benefits of Choosing GoRemit (Business Customers)

Support for Business Customers is provided in Japanese only.

After confirming the service details, please apply from the "Application procedure (Japanese only)" link at the bottom of this page.

Great Value

The remittance fee is JPY 2,000* per remittance regardless of the amount you send. GoRemit is suitable whether you need to make regular remittances to the same beneficiaries, or make one-time only remittances.

  • For remittances in Japanese Yen, an additional fee of 0.1% of the remittance amount (minimum charge of \1,500)will be charged in addition to the \2,000 remittance charge.

Easy Application

Complete the application form Online and send it with necessary documents by post.

There are no registration fees, and no need to visit a branch to open an account.

Flexibility

You can register as many beneficiaries as you need , whenever you want at no extra cost!

Sending to multiple beneficiaries at once is easy with our Online Remittance Service.

Online Remittance Service

Easily calculate the remittance amount and send us remittance request instructions online.

You can also add beneficiaries or change existing beneficiary details, and check/print out your remittance history.

  • The Online Remittance Service is only available in japanese.

Worldwide Remittances!

With GoRemit, you can send funds to a wide range of over 170 countries worldwide.

12 Currencies Available!

GoRemit currently offers 12 currencies for overseas remittances (restrictions exist on where certain currencies can be sent).

Daily Exchange Rates!

You can check our daily exchange rates* on our website, or have them e-mailed to you directly!

  • Rates are fixed at 10:00am and valid until 3:00pm (Weekdays only).

Bilingual Telephone Support!

We offer telephone support in both Japanese and English. Have any questions or concerns? Our experienced bilingual call center staff will help you with whatever you need!

How GoRemit Overseas Remittances Work・Fees

GoRemit sends international wire transfers (remittances) via a system called SWIFT (Society for Worldwide Interbank Financial Telecommunication). Funds are sent to an Intermediary Bank before being sent to the final beneficiary bank in the destination country (Depending on the beneficiary bank, it may be necessary to send funds via more than one Intermediary Bank).

Overseas Remittance Flow Chart

Overseas Remittance Flow Chart

Types of fees

SBI Shinsei Bank Foreign Currency Remittances: JPY2,000*
Yen Remittances: JPY2,000 + 0.1% of the remittance amount (Minimum charge of JPY1,500)
Intermediary Bank Fee depends on currency/destination**
Beneficiary Bank Fees may or may not be deducted upon arrival (depends on Beneficiary Bank)**
  • Exchange rate fees are included in the TTS rate for that day.
  • In general, we are not able to advise customers of overseas bank fees in advance.

Important points on the GoRemit Overseas Remittance Service

  • In order to use the GoRemit Overseas Remittance Service (GoRemit), you need to apply in advance.

<Overseas Remittance by transfer to our designated collection account>

  • When making transfers to our designated collection account, funds received by 3:00 p.m. on business days will be remitted after converted from yen to the foreign currency using the GoRemit TTS (Telegraphic Transfer Selling) exchange rate for that day. If yen funds arrive after 3:00 p.m., they will be converted and remitted on the immediately following business day using the GoRemit TTS exchange rate for that (the following) day.
  • In cases when Yen is the denominated remittance currency, funds received by 3:00 p.m. will be processed on the immediately following business day. Funds received after 3:00 p.m. will be processed on the business day after the immediately following business day.
  • The remittance fee is JPY 2,000 per remittance and is not dependent on the amount you remit. For remittances in Japanese yen, an additional lifting fee of 0.1% of the remittance amount (minimum charge of JPY 1,500) will be charged in addition to the JPY 2,000. Domestic transfer fees are borne by the customer.

<Overseas Remittance from PowerFlex accounts (for individual customers)>

If you wish to make remittances with the GoRemit Overseas Remittance Service by withdrawing funds directly from your PowerFlex account, you will need to register your PowerFlex account with the GoRemit app separately in advance.

  1. Remittance from Yen Deposit accounts
    • When making a foreign currency remittance by withdrawing from your PowerFlex Yen Deposit account, remittance request instructions received before 3:00 p.m. on a business day will be remitted after converted from yen to the foreign currency using the GoRemit TTS exchange rate for that day. In cases when Yen is the denominated remittance currency, remittances will be processed on the immediately following business day. (Please note that foreign currency-denominated remittance request instructions cannot be sent after 3:00 p.m.. Yen-denominated remittance requests may be sent after 3:00 p.m., however funds will be remitted on the business day after the immediately following business day.)
    • The remittance fee is JPY 2,000 per remittance, and is not dependent on the amount you remit.
  2. Remittance from Foreign Currency Deposit accounts
    • When making a foreign currency remittance by withdrawing from your PowerFlex Foreign Currency Deposit account, remittance request instructions received by 3:00 p.m. on a business day will be remitted on the following business day. For remittance request instructions received after 3:00 p.m., we will remit 1 day after the following business day.
    • The remittance fee is JPY 4,000 per remittance, and is not dependent on the amount you remit.
    • Intermediary banks overseas may deduct fees. In addition, beneficiary banks in some countries may also levy charges.
    • Depending on the beneficiary country and bank, funds will typically arrive within 1-3 business days after we make the remittance, however screening processes and local banking practices on the beneficiary end may cause delays in some cases.

  • Intermediary banks overseas may deduct fees. In addition, beneficiary banks in some countries may also levy charges.
  • Depending on the beneficiary country and bank, funds will typically arrive within 1-3 business days after we make the remittance, however screening processes and local banking practices on the beneficiary end may cause delays in some cases.