Note: Participation in this program is subject to change, please review participating Financial Institutions prior to traveling internationally and using International Partner ATMs. To insure that your currency conversion does not incur a fee higher than 3%, you may refuse the ATM operator's offer to convert the amount of the transaction. Footnote 2 Foreign ATM operators may offer to do your currency conversion for you, but they may charge a higher fee for conversion. China Construction Bank (Mainland China, excluding Hong Kong)īank of America will assess an international transaction fee of 3% of the converted US dollar amount.Westpac Bank (Australia and New Zealand).Scotiabank (Canada, Mexico, Peru, Chile, and the Caribbean countries: The Bahamas, Barbados, Cayman Islands, Dominican Republic, Jamaica, Trinidad & Tobago, and Turks & Caicos Islands).Barclays United Kingdom (England, Scotland, Wales, Northern Ireland, Jersey, Guernsey and the Channel Islands).If your account’s information such as your name and address is not up to date, we may not be able to contact you to confirm the details of the remittance and consequently decline your application.Use your Bank of America ATM or debit card at one of our International partner ATMs and avoid the non-Bank of America ATM $5 usage fee for each withdrawal, transfer or balance inquiry Footnote 1 as well as the ATM operator access fee.In that case, we return the money to the payer. In compliance with Foreign Exchange and Foreign Trade Law and other related regulations, we may contact the payee and ask for documents to confirm the details of the transaction.īecause of this process, it may take longer time to complete the remittance than usual.Īs a result of confirmation, we might not be able to accept the remittance.Please include a phone number at which the payee can be reached during the day. In principle, name of payee account holder must correspond to either of the following registered in the account. Please note that the account number (the combination of 5digits and 8digits (at maximum)) must all be written together. If remittances are made from overseas to a Japan Post Bank account, the ABA (Fedwire Code) and IBAN are not required. If remittances in USD are made from financial institutions in USA to a Japan Post Bank account, the CHIPS UID and BIC (SWIFT code) are both required. ・Fixed fee of €5 for remittances exceeding €100.Īdditional intermediary charges may be deducted. ・Fixed fee of $10 for remittances exceeding $100. Please note that intermediary charges (handling charges by correspondent banks) will be deducted from the remittance amount. If no specific space is provided for this information, please write it within an open area on the form. The information for the intermediary bank must be included. The Japan Post Bank exchange rate will be applied for credits made to the payee's Japan Post Bank account in JPY. 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. Or due to the circumstances of the intermediary bank or the beneficiary bank, a significant delay may occur or the remittanceīased on the relevant laws and regulations, it may be requested to submit documents to confirm the purpose of the remittance However, if the remittance information is insufficient, additional confirmation is required for the purpose of the remittance, In many cases, the remittance will be sent to the intermediary bank within 7 business days from the date of application. Check with your payee for details, if necessary. The amount of account registration fee varies by bank and account type. Please be aware that intermediary charges (such as for correspondent bank services) and account registration fee (for handling by the beneficiary bank) may be deducted from the amount of remittance. The transfer amount and handling fees are withdrawn from the remitter’s integrated account or giro account and the transfer amount is deposited into the payee’s bank or postal giro account specified.Ī fixed fee of ¥7,500 is charged for handling each remittance regardless of amount.
0 Comments
Leave a Reply. |