Monday, December 12, 2011

How do i send cash from Japan to my savings account in Malaysia?

I'm currently in Nagoya, Japan and would like to send cash back to my savings account in Malaysia to pay for loans. How do i do this? I've gone to a few websites but can't really find much details. I'm looking for an option where i can go to a bank and do it, rather than do it via internet. Any ideas?|||bank to bank|||THE ONLY WAY I COULD THINK OFF IS PAYPAL. DEPENDS ON HOW YOU MIGHT DO IT CAUSE BOTH ACCOUNTS BELONG TO YOU.|||Go to a large bank like Mitsubishi UFJ or the like. Say you want to internationally wire transfer money(kaigai denshin soukin).


You'll need to provide ID (gaikokujin torokusho) or if you don't have one, ask a friend (w/driver's license) to send it in his/her name for you. You can only send Yen (the teller'll give you the rate for Yen/Ringgit) and you need to provide account info. holder name, bank name/address/branch and swift code (call them for their swift code). You might have to provide the reason for the transfer. There will be a transaction fee on both sides (pay the sending fee on the spot; it was a few thousand yen, but it depends on the amount you'll be wiring). For the recipient fee, have the bank in Malaysia deduct it from your account. The fees differ according to banks, so I don't know how much.


It'll take a few days for the funds to be deposited.


The bank keeps record of your transaction (keep yours for future reference) so use the same bank for subsequent transfers; this'll let the bank come to know you as well as build transaction history (trust) w/your bank in Malaysia.


You might want to consider taking a Jap. friend for translation purposes.|||If you want to send money on a regular basis the best, cheapest, and easiest way is through Llloyds. You register free on line, fill out an application form, and from ANY ATM in Japan send money to Lloyds to send to your registered overseas account. Brilliant Service!


Lloyds is probably one of the oldest, most reputable banks in the world. Their website is in English and Japanese art www.golloyds.com

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