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Wire Transfers

Whether outgoing or incoming, wire transfers are useful tools for sending large amounts of money to foreign bank accounts. For small sums of money, using a money exchange is probably more economical. A banker once said that if it is possible to avoid wire transfers, it is best to do so because of the cost. Note that wire transfer fees occur at both sending and receiving banks; users are charged at both ends of the transfer. Other fees and exchange rate issues may also occur.

Note that at any bank, your personal details are necessary (name, account number, address, phone, etc.), as well as proof of identity.

Wire from Japan

An outgoing wire transfer is relatively easy to do. Simply go to a bank that provides such services, fill out the required documents, and pay the required fees.

JP Bank Transfer Information

Beneficiary Bank

  • Name:                    Ex:CAPITAL ONE, N.A.
  • Branch:                  Ex:MCLEAN,VA
  • Address:                 Ex:1680 Capital One Drive, McLean, VA 22102, USA
  • SWIFT Code/BIC:    Ex:NFBKUS33(XXX)
  • Routing Number:    Ex:056073612

Account Information (Example)

  • Account Name:       Ex:JOHN SMITH
  • Account Number:    Ex:123-123456-1
  • Account Address:    Ex:520 Gary Lane, McLean, VA, 22102 USA
  • Account Phone:       Ex:123-123-1234

Recommendations

Japan Post Bank is a relatively cheap and easy option for wire transfers, charging only about ¥2000 for a transfer.


Wire to Japan

An incoming wire transfer is more difficult than a wire from Japan, but it is still relatively simple. Below is the information necessary for a wire transfer to a Japanese bank.

JP Bank Transfer Information

Intermediary Bank
  • Name:                    Deutsche Bank Trust Company Americas NY
  • SWIFT Code/BIC:    BKTRUS33

Beneficiary Bank

  • Name:                    Japan Post Bank
  • Branch:                  Head Office
  • Address:                 3-2, Kasumigaseki 1-chome, Chiyoda-Ku, Tokyo 100-8798, Japan
  • SWIFT Code/BIC:    JPPSJPJ1
  • CHIPS UID:             427593

Account Information (Example)

  • Account Name:       Ex:TARO YUSEI
  • Account Number:    Ex:12345-12345678 or 12345-1-123456
  • Account Address:    Ex:3-1, Shintoshin Chuo-Ku, Saitama-Shi, Saitama 330-0081, Japan
  • Account Phone:       Ex:123-1234-1234
Fees
  • Intermediary Fee:    $10
  • Wire Transfer Fee:    Depends on the sending bank
Sources

Mizuho Bank Transfer Information

Beneficiary Bank

  • Name:                    Mizuho Bank, Ltd.
  • Branch:                  Look at Bank Book
  • Address:                 Look at Bank Book
  • SWIFT Code/BIC:    MHCBJPJT

Account Information (Example)

  • Account Name:       Ex:TARO YUSEI
  • Account Number:    Ex:123-1234567
  • Account Address:    Ex:3-1, Shintoshin Chuo-Ku, Saitama-Shi, Saitama 330-0081, Japan
  • Account Phone:       Ex:123-1234-1234
Fees
  • Intermediary Fee:    ¥1500-2500
  • Wire Transfer Fee:    Depends on the sending bank

Sources