- May 23, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Using GoRemit App for Money Transfer
I recently came across a post mentioning the use of GoRemit app for money transfers. If this information is accurate, it might not be the most ideal situation for me. I’m currently facing some challenges with the app, and it seems like there might be a limit on transactions, similar to Wise.
## Consideration of Alternative Options
I have a significant amount of several million yen that I need to send back to my home country. At this juncture, I am contemplating using Wise instead. Wise offers a seamless experience, albeit with some associated costs.
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****** just grabbed a
Yes. GoRemit IS painful to register but once done it is pretty swift.
> it looks like there is a limit which isn’t all that different to Wise
The GoRemit “limit” is just the amount that Shinsei is willing to let you transfer without you having to go through any further anti-money laundering procedures. If you want to transfer more than the limit, you just have to ask them. They will then evaluate the AML risk associated with your transaction and tell you what documentation, if any, they need to be satisfied that you aren’t involved in money laundering. In my experience it’s a pretty painless and straightforward process, but everything AML-related varies a lot between customers so anecdotal experience is of minimal value (some people can transfer very large amounts without much scrutiny, while others are subjected to a lot of scrutiny even for small amounts).
Why not Sony Bank? If your destination country is supported, convert at Sony and send via SWIFT either directly to your destination bank (if they don’t charge for incoming SWIFT) or via Wise or Revolut.
If you convert at Sony at the end of a month and send it out the next month, your club S level can get upgraded.
maybe they can send one Taylor-made for you