According to the International money transfer agreement almost anybody can send money to another person from another country. However for this there is need for a special bank account and you will have to apply for an agreement for international money transfer.
Information about the process
You have to remember that you can use this solution to send to or from Japan. There is some information that you will have to provide in advance in order to be able to use the service. The information doesn’t include the amount of money that you will send or receive. After the application procedure you will be able to send payment easily through mobile banking, internet baking or through ATMs.
In order to use the service you will have to open an account and apply for the service agreement. The good news is that you can make this step online so that there will be no waiting in line and absolutely no paperwork.
Deposit the funds
In order to be able to send payments, you must have some money in your account and for this you will have to make a deposit. You can make the deposit from an ATM of the bank but you could also make a transfer from another account from another bank.
Mobile banking or internet banking
No matter which solution you will opt for, there will be a list of receivers that you can choose to send the money to. Once you have chosen the destination of the funds, you also have to choose the amount of money that you would like to send. You will have to enter this information.
In order for someone else to get the money, he or she will have to know some information, such as the MTCN to get the funds. This is why it is important to give the receiver this information. You will see this number on the screen or on the receipt after the transfer was accepted by the system.
As you can see the process isn’t as difficult as it may seem at first. All you need is an account and a device to send the money from and, naturally, the money that you would like to send to another country. There is nothing else that you need and you can be sure that the transaction is secure and the other person will get the money that you sent.
[Also Read: Transaction Agreement]