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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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 Posted: Mon Mar 20, 2006 1:34 pm Post subject: sending money back - alternatives to post office and golloyd |
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as the title suggests, i'm looking for anyone who has found alternative ways to sending money home. i'm not looking for advice on the post office or golloyds or anyhting that is in the kind of ballpark range money wise.
i'm talking of any way you have come across, or devised that gets your money home without having to pay relatively significant amounts to those greedy folks at the banks.
share your wisdom please
cheers |
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Jon Taylor
Joined: 09 Mar 2005
Posts: 238
Location: Tokyo
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| Posted: Mon Mar 20, 2006 2:59 pm Post subject: |
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I wasn't aware that golloyds required paying a 'significant' amount of money to the banks.
It's only 2000 yen per transaction which can hardly be descibed as significant.
Certainly when you take into account that the money is transferred within 24 hours.
Do you seriously expect to find a more economical way of transferring funds ?
Last edited by Jon Taylor on Mon Mar 20, 2006 3:37 pm; edited 1 time in total |
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womblingfree
Joined: 04 Mar 2006
Posts: 826
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| Posted: Mon Mar 20, 2006 3:31 pm Post subject: Re: sending money back - alternatives to post office and gol |
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| may be going wrote: |
i'm talking of any way you have come across, or devised that gets your money home without having to pay relatively significant amounts to those greedy folks at the banks.
share your wisdom please
cheers |
Sending money back via the Post Office is by far the cheapest way to send money back.
I once took my pay check back to the UK instead of sending it through the Japanese PO. The best exchange rate I got worked out far less than anything I'd ever been offered at the J-PO, who only charge a small fee of sen yen or something. |
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markle
Joined: 17 Jan 2003
Posts: 1316
Location: Out of Japan
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| Posted: Mon Mar 20, 2006 3:45 pm Post subject: |
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| I've found a clear plastic envelope stuffed with US dollars is by far the cheapest way of sending money anywhere. |
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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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| Posted: Mon Mar 20, 2006 11:49 pm Post subject: |
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i use golloyds now so i'm well aware of the costs. whilst i can speak for noone else but myself, i find that when i take into account the cost of golloyds plus the cost of fees back in oz, it works out to about $40 per transaction.
golloyds uses a nominated bank from each country/state. my own bank back in oz happens not to be the particular bank golloyds uses. therefore i have to pay golloyds plus the intermediary bank in oz before it gets to my own account.
thus costing in the vicinity of $40 each time. i don't know what you think but that's a fair chunk of change if you're sending money back regulalry |
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JimDunlop2
Joined: 31 Jan 2003
Posts: 2286
Location: Japan
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| Posted: Tue Mar 21, 2006 1:31 am Post subject: |
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In which case, you have maybe three other options... Post office, wire transfer from a bank or bring home cash.
Bank wire transfers will cost you a ton of money. I asked once and was told about 8,000 yen.
Post office is cheap -- but the money takes a while to get there. |
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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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| Posted: Tue Mar 21, 2006 2:58 am Post subject: |
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you'll notice in another thread i started i asked about visa/cirrus cash cards issued in japan that could be used internationally. i just got back from thailand and i asked some japanese friends if they could use their cash card at the ATMs in thailand. they said no, at which i was surprised.
i mean, almost every traveller/backpacker i saw or met was simply using their cards from home. not possible with japanese issued cards? i do it with my oz card around the world, as do most of my friends.
which got me thinking, if you could use a japanese cash card internationally, then you could just leave your money in your japanese account, and then when you went home, withdraw it all and deposit it into your home account.
granted it wouldn't accrue interest in japan etc etc but that's another issue.
not possible? |
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womblingfree
Joined: 04 Mar 2006
Posts: 826
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| Posted: Tue Mar 21, 2006 3:05 am Post subject: |
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| may be going wrote: |
i use golloyds now so i'm well aware of the costs. whilst i can speak for noone else but myself, i find that when i take into account the cost of golloyds plus the cost of fees back in oz, it works out to about $40 per transaction.
golloyds uses a nominated bank from each country/state. my own bank back in oz happens not to be the particular bank golloyds uses. therefore i have to pay golloyds plus the intermediary bank in oz before it gets to my own account.
thus costing in the vicinity of $40 each time. i don't know what you think but that's a fair chunk of change if you're sending money back regulalry |
the Post Office is cheaper. 1,000 yen for up to 100,000 yen I think. |
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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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| Posted: Tue Mar 21, 2006 3:08 am Post subject: |
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| Quote: |
| the Post Office is cheaper. 1,000 yen for up to 100,000 yen I think. |
and what if you want to send 800,000 yen or some such significantly higher amount? |
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markle
Joined: 17 Jan 2003
Posts: 1316
Location: Out of Japan
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| Posted: Tue Mar 21, 2006 10:18 am Post subject: |
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| may be going wrote: |
| and what if you want to send 800,000 yen or some such significantly higher amount? |
If you're sending that kind of cash home then why are you beetching about a piddling few thousand yen?
The fact is that the Japanese banking system is archaic simply because it can be. If you want to get your money out of this system and into another then it will cost you something. Live with it tightass. |
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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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| Posted: Tue Mar 21, 2006 12:06 pm Post subject: |
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you've made two comments in this thread, both of which prove one thing - you're an idiot.
perhaps i'm sending home once a year, perhaps less, perhaps more. what's it to you? i simply started a thread wanting to know more effective, efficient ways of getting money out of the country.
you obviously are a few planks short, so no need for any more contributions thanks. |
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Jon Taylor
Joined: 09 Mar 2005
Posts: 238
Location: Tokyo
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| Posted: Tue Mar 21, 2006 12:35 pm Post subject: |
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| may be going wrote: |
you've made two comments in this thread, both of which prove one thing - you're an idiot.
perhaps i'm sending home once a year, perhaps less, perhaps more. what's it to you? i simply started a thread wanting to know more effective, efficient ways of getting money out of the country.
you obviously are a few planks short, so no need for any more contributions thanks. |
'How to win friends and infuence people', Dale Carnege |
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canuck
Joined: 11 May 2003
Posts: 1921
Location: Japan
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| Posted: Tue Mar 21, 2006 12:37 pm Post subject: |
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| may be going wrote: |
you've made two comments in this thread, both of which prove one thing - you're an idiot.
perhaps i'm sending home once a year, perhaps less, perhaps more. what's it to you? i simply started a thread wanting to know more effective, efficient ways of getting money out of the country.
you obviously are a few planks short, so no need for any more contributions thanks. |
You're obviously a noob that can't take advice from people who have been here a while. The options mentioned are the ones most people use, because those are the options available. Don't go looking for the magic carpet for money transfers, because there isn't. You're best bet is sending the highest amount possible with Lloyds and just paying the 2000 yen, or doing it a few times. In addition, make sure you take the maximum amount back with you to your home country, which should be around $10,000.  |
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may be going
Joined: 18 May 2004
Posts: 129
Location: australia
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| Posted: Tue Mar 21, 2006 1:28 pm Post subject: |
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no in fact i'm not a noob at all. hence the reason i know about post office and golloyds and wire transfer options. hence the reason for the title of the thread. is it rocket science to see i am looking for an alternative - if there is one?
i'm not looking for sarcasm, i'm not looking for misinformed judgements, i'm not looking for anything but constructive advice. if you reread the thread you can see i haven't dismissed any suggestions. simply looked for alternatives.
i didn't respond to markle's first inane piece of attempted humour, as i'm not looking for inane chit-chat. just advice or new information on alternatives. as the title suggests, alternatives.
if there aren't any alternatives then so be it. that's all that needs saying. i don't need nor care to read comments from posters that have nothing constructive to offer. |
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womblingfree
Joined: 04 Mar 2006
Posts: 826
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| Posted: Tue Mar 21, 2006 3:04 pm Post subject: |
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| The Post Office is the cheapest way to send money home like I've said a few times before. |
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