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Pre-Confirmation for Overseas Remittances

In accordance with the Foreign Exchange and Foreign Trade Act, we will carry out confirmation on each overseas remittance request of every customer before executing the remittance transaction to ensure that transactions are not related to restricted countries, i.e. North Korea and Iran.

Without confirmation from you, we will not be able to accept your overseas remittance.Effective July 1, 2013, individual customers whose remittance requests exceed the remittance limit (JPY 300,000 per remittance and per month, JPY 3.6 million per year) are subject to advance confirmation.

For details, please visit the website of Ministry of Finance Japan.

The confirmation procedure is different for individual and corporate customers (including patent office customers). We will not be able to accept your overseas remittance without confirmation so please read the following instructions and submit the applicable form.

Individual Customer

1.Remittance Thresholds which Require Detailed Confirmation
  • Each remittance that exceeds JPY 0.3 million
  • Monthly total remittance volume exceeds JPY 0.3 million, (every month beginning on the first of the month)
  • Yearly total remittance volume exceeds JPY 3.6 million, (every calendar year from January to December)

2.Method of Confirmation
Telephone call after receipt of remittance funds that exceed predetermined thresholds.
  • A member of our staff will call after we confirm receipt of funds and ask for you to confirm that the remittance is not a transaction subject to restrictions including regulated countries such as North Korea and Iran. We will not be able to accept overseas remittances without completion of this confirmation process.

3.Procedure to Change Remittance Threshold
Please fill out and send us a completed copy of "Remittance Volume Threshold Change Request" form. Upon internal review, if we determine your change request is appropriate, we will change the remittance threshold as per your request to the extent we determine appropriate.
  • Other verification documents to substantiate your request are necessary if your total annual remittance amount exceeds JPY 10 million or if we deem it necessary. Please see the details in the change request form for further reference.

Please send us a Remittance Volume Threshold Change Request form to below address.
You can download the addressed and stamped envelope here (PDF). (postage paid by receiver)

You can download the
Address:Shinsei Bank GoRemit
Meguro P.O. Box #25
Japan Post Group 153-8790

【Precautionary Statement】

  • The Foreign Exchange and Foreign Trade Act requires the aforementioned confirmation should be carried out before the execution of a remittance. We will be unable to accept remittances in cases where we are not able to contact the customer or we cannot obtain confirmation from the customer due to any reason.
  • Shinsei Bank is not held responsible for any loss or damages caused as a result of, for instance, a failure to execute a remittance, delay in remittance or incurred exchange losses because the confirmation prescribed in (2) above is not be obtained, or the change of remittance thresholds is not accepted after the examination process prescribed in (3) above.
  • The remittance threshold prescribed in (1) above will be officially introduced from July 1, 2013. We will implement a similar confirmation process based on the following Tentative Remittance Thresholds until June 30, 2013. Therefore, until June 30, 2013 we will conduct confirmation over the phone for each remittance that exceeds the below mentioned Tentative Remittance Thresholds.

<Tentative Remittance Thresholds>

  • Each remittance that exceeds JPY 2 million
  • Monthly total remittance volume exceeds JPY 2 million,
  • Yearly total remittance volume exceeds JPY 5 million,

The aforementioned Tentative Remittance Thresholds is tentatively applied only until June 30, 2013. Therefore, customers who are expecting to make remittances which exceed the Required Confirmation Remittance Thresholds as prescribed in (1) above (i.e. JPY 0.3 million per transaction, JPY 0.3 million per month, JPY 3.6 million per year) are requested to submit the change procedure as soon as possible in preparation for transactions after July 2013.

Business Customer (Japanese version only)