General Services

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Remittance services

  • Q1 What is the money transfer business?

    A1 It is a business where currency exchange (remittance operations) are carried out by a general business company that is not a bank, on condition that any such company is registered with the FSA pursuant to the Payment Services Act that came into force in April 2010.

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About the SBI Remit

  • Q1 Does SBI Remit have any stores that handle remittance services?

    A1 There are stores run by agents who handle our remittance services. Anyone wishing to use a store to make a remittance please see“Store Remittance.”

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  • Q2 Is SBI Remit a bank? Can you send money legally, even though you are not a bank?

    A2 We are not a bank; rather we are a money transfer operator that specializes in remittance services pursuant to the Act Concerning Settlement of Funds. We filed procedures with the Ministry of Finance before completing registration with the Financial Services Agency to develop remittance services as a money transfer operator.   Our services differ from those of the banks as listed below – including the fact that we do not handle any deposits:   • The transactions we carry out are not foreign exchange transactions as carried out by the banks, etc.; rather they are limited currency transactions related to money transfers equivalent to 1 million yen or less, which…

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Other

  • Q1 I need details of the remittance – where can I get them? Also, can I use the details to apply for deductions for dependents?

    A1 If you log in to the member’s site, you can print them off from “Remittance Details.” > “Inquiry & change of remittance request” > “Remittance Request details” > “Print out page” (You can’t print off multiple files all at once, so please print off the remittance details reports for each separate transaction). You can use the printed remittance details reports to apply for deductions for dependents.

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