Japan,  Philippines

SBI Remit: Send Money From Japan To The Philippines

Are you in Japan and in the lookout for a quick and cheap money transfer service? Look no further, SBI Remit is the answer. It is an alliance to Moneygram so the receiver can get the money 10 minutes after the transaction. In partnership with Family Mart, you can send money overseas in a convenience store through their green colored machine called fami port terminal.

It's the fammi-port for sending money overseas.
This is the fami port.

Back when I was in Tokyo, I used to send money through Western Union which is located in Ikebukuro near the Seibu Station. Although the fee was a little high for me, I considered it convenient as it was a stone’s throw away from my place. If I had another choice at that time though, I would have chosen another way. But that was two years ago. Now that I’m in Nagasaki, and living somewhat far from the city, SBI Remit is a friend.

Difference of charges or commission between SBI Remit and another money transfer service

The difference when it comes to the amount of charges of SBI Remit compared to other money transfer services may not as convincing as it can be for some people. But for me, the lower the amount, the better. Let me show you the pictures below showing the difference of charges between SBI remit and a certain money transfer service.

NOT SBI

SBI Remit

For other countries, please click this link.

SBI Remit Registration

First, you need to set up an account online. A mail from SBI will reach your mailbox a few days after your online registration. It includes important documents with your password that confirms your account has already been set up completely.

How to send money?

Online

  1. Go to the website and fill out the form provided with the required information of the receiver.
  2. Wait for the confirmation. They need to check the data you input. So you have to wait for 20 minutes, more or less.
  3. It’s only after that that you input the amount you’re planning to send. The amount in yen is automatically converted into the currency of the country you intend the money to be received. The amount that is converted will depend on the exchange rate on that day. The commission or charge can also be seen and finally the total amount that you need to pay in a Family Mart branch.
  4. You’ll receive an email with the number you’re going to use for the payment done in Family Mart.

Offline

  1. Go to any Family Mart branches to pay for the said amount plus the charge that Family Mart get which amounts to 320 yen. There’s a green machine called fami port that provides various languages. This is where you do the process.
  2. Get the receipt and pay the amount in the counter.
  3. Wait for the email and the text message with the reference number that confirms that your transaction went through.

Where does the receiver claim the money?

In the Philippines, you may go to the nearest Cebuana Lhuillier, M Lhuillier and Palawan branches with Moneygram. In order to avoid problems, the receiver must bring valid IDs.

Basically, it’s simple. You might not save over a thousand but 400 yen is already a steal. I would say that this is the best money transfer service by far. For more information, please refer to the website.

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