Check with your payee for details, if necessary. In many cases, the remittance will be sent to the intermediary bank within 7 business days from the date of application. However, if the remittance information is insufficient, additional confirmation is required for the purpose of the remittance, or due to the circumstances of the intermediary bank or the beneficiary bank, a significant delay may occur or the remittance cannot be executed.
Based on the relevant laws and regulations, it may be requested to submit documents to confirm the purpose of the remittance before executing the remittance. In such cases, it may take some time in some cases, around one month to complete the confirmation of the remittance details, and as a result of the confirmation the remittance may not be executed. The information shown below is required to make a remittance from an overseas bank to a Japan Post Bank integrated account or giro account.
Please note that if there are any mistakes or omissions, the remittance may not reach our bank. In addition, if the money remitted is returned to the sending bank, other charges and expenses may be deducted by the intermediary bank. Pay closer attention to the breakdown of fees provided to you before you accept the transaction.
The exchange rate quoted by iRemit matches the mid-market rate. Transfer fees iRemit charges a transfer fee for every transaction. The rate varies depending on which payment method you choose. Unlike card or online transfers, the exchange rate is based on the forex rate locked in at of the day of the transfer.
Additional costs There are no additional fees. How do iRemit transfer fees compare to using other money transfer providers? Their lack of high exchange rate margins also makes their fees appear more transparent. Customers receive a few very convenient options for money transfers. Low transaction fees make iRemit an attractive option for medium-to-large-sized transfers.
Fast service, especially with the iRemit Visa Card and cash pickups is a huge benefit when you need your money to arrive quickly.
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