Seven Bank to offer overseas remittance service with Western Union

[enginehead]

TOKYO —Seven Bank, a Seven & I Holdings Co arm, will start overseas remittance services, possibly from fiscal 2010 which begins in April, from accounts at the bank to preregistered overseas accounts. Seven Bank, which runs a network of more than 14,000 automated teller machines at convenience stores and elsewhere in Japan, said it will offer the service in conjunction with Western Union, a major remittance service provider of the United States.

The bank said it believes there must be sizable demand for such remittance services, particularly among foreign migrant workers in Japan, as about 2.2 million such workers are in Japan at present. At present, major commercial banks in Japan charge around 5,000 yen per remittance. Seven Bank said it expects to cash in on substantial demand as it plans to charge less than those competitors.

Those who have or open an account at Seven Bank will be able to send money overseas around the clock from the bank’s ATMs or via its website if they register information on recipients’ accounts beforehand, it said.

The recipients will be able to withdraw money at more than 350,000 business locations being operated or supervised by Western Union worldwide.

Migrant workers in Japan are estimated to send some 1 trillion yen a year overseas, including money transferred across borders clandestinely in an illegal manner, according to Seven Bank.

http://www.japantoday.com/category/b...-western-union

Goodnews to pra sa mga nagpapadala ng pera. Makakamenos ng konti cguro compared sa Metrobank or PNB.

[mine0806]

gud morning po. eh paano po magpadala ng pera gamit ang atm ko? tapos magkano po ang charge? thanks

[aleckxis]

Kung magkatutoo na ito, mas maganda nga dahil, dati naghulog ako ng remittance sa western union sa may yokohama grabe ang MAHAL! kaya nadala na ko ayoko na maghulog sa western union.. napaka inconvenient pa dahil konti alng naman ang branch nila dito sa Japan. meron sa sa may yokosuka pero for accepting remittance lang sila kaya tinuro ako sa yokohama, jos miyo hinanap ko pa. tapos yun nga sobrang charge nila... ANG MAHAL! kaya ayoko na sa kanila

[funnyvirgo]

Meron akong account with Seven Eleven...but how do we get started?? Meron bang dapat i-update sa account kasi for remittance purposes nga ito??? I remember, I opened an account through mail lang eh...so how do I update it - much less how to enrol my account under the remittance program???

Can anyone please help???:co nfused:

[frtz_z]

up ko lng po..anyone can share more? thank you in advance and God bless!