The best way to transfer money from Japan to an overseas bank account
You must have heard about various services to transfer money from your Japanese bank account to your overseas account (like in your home country) going by the name of Brastel Remit, Shinsei GoRemit, Western Union, etc. They all are good services; however, the best and the cheapest service is Transferwise . Why is it the cheapest? Banks and services other than Transferwise give you a rate lower than the current rate; and that's how they take a big cut out of your money. Transferwise, on the other hand, uses the exact exchange rate at the time of transfer, and in return, they take 1% fees. You might say "1%? That's a lot!". Well, the thing is if you calculate fees for the other services which is [(current rate - rate offered) * amount to send + extra fees if any], it will turn out to much more than 1%, around, 3-5% (which is 3-5 times that of Transferwise!). That's how banks and other services disguise their profit. SIGN UP PROCESS FOR TRANSFERWISE ACCOUNT...
