How to use ‘Remittance Simulator’ to find the most cost-effective overseas remittance provider!

　Introduction

　When it comes to sending money overseas, several factors to consider include the ✔availability of companies, ✔transfer methods, ✔processing times, ✔fees, ✔exchange rates, and more.

　Given the current depreciation of the yen, it is likely that many individuals are interested in transferring money at the lowest cost possible.　However, it can be quite a challenge to find the best overseas remittance company out of over 220 options available, including around 180 SWIFT-registered banks and approximately 40 fund transfer companies offering services from Japan. Checking the fees and exchange rates of a new company’s website can also be a time-consuming process, taking several minutes per company at minimum.

　We have come up with a solution to this issue by creating a Remittance Simulator. This handy tool allows users to compare approximately 30 major overseas remittance companies in real-time with just a 5-second search (Maximum 30 second-search). Additionally, users can easily navigate to each company’s website and proceed with membership registration and overseas remittance after making their comparison.

　The Overseas Remittance Simulator was created with the aim of allowing more individuals to transfer money abroad with maximum savings, even if it’s only by one yen. To cater to a broader audience, the Overseas Remittance Simulator is equipped with the following characteristics.

Features of Remittance Simulator

1. Simulate money transfers to approximately 200 countries and regions from Japan.
2. Basic usage is free of charge.
   ※For the paid-members, coupons, notification service, inbound remittance simulation service will soon be available.
3. Supports 12 languages
   (Japanese, English, Chinese, Korean, Vietnamese, Tagalog, Portuguese, Nepali, Indonesian, Thai, French, and Spanish).

　Please conduct following steps to try out Remittance Simulator for Free!
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　Step 1: Access Remittance Simulator

　By accessing the link at https://moneysaverjapan.com/simulation/en, you will be directed to the top page of the Remittance Simulator. To change the language, simply click on “LANGUAGE” and select your preferred language from the 12 options available.

　Step 2: Enter “Destination Country, Amount, and Receiving Method”

　Once you open the top page, enter three conditions: “① Destination Country”, “② Amount”, and “③ Receiving Method”. Then, click on “Calculate“

　Detailed procedure is as follows:

1. Choose the Destination Country from approximately 200 countries and regions.
2. Enter the Amount of money to be sent.
   As a measure against money laundering, the maximum amount of money for Remittance Simulation on this website is set to one million yen.
3. Choose from Bank-Transfer or Cash-Pickup
   If you want to transfer money to an overseas bank account, please select “Bank Account”. If you want to receive cash in person at a local representative or shop in the destination country, select “Cash Pick-up”. We recommend simulating with “Cash Pick-up” when sending money to someone who doesn’t have an overseas bank account.

　　Shall we try a simulation together? Suppose you intend to send “100,000 yen to the U.S. and receive it in a bank account.”

1. Select “USD – UNITED STATES OF AMERICA” in the “Receiving Currency – Destination Country・Region” field.
2. Enter the “100,000” in the “Amount of Remittance” box.
3. Select “Bank Account” as the payment method.
4. After all inputs are completed, click “Calculate“.

　When you use the Overseas Remittance Simulator (by clicking “calculate”), you will be deemed to have agreed to the terms of use of the service provider (BizforBetter LLC).
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　Step 3: Find the Remittance Provider

　As depicted above, the search results are presented in a ranking format based on the received amount(Recieving Amount/Sending Amount). Moreover, the results are updated with real-time exchange rates and fees.

　This tool enables you to compare different international money transfer providers effortlessly and without requiring any complicated knowledge. You can easily see the amount received, fees, expected time of receipt, and other information at a glance.

　In addition, it is also possible to choose an international remittance service provider that suits your current needs. For example, if you value fast receipt of funds over high fees, you can select a provider that meets that need.

　Once you have found an international remittance service provider that meets your needs, click on the provider’s name to be directed to their website where you can register as a member and proceed with the international remittance process.

　Conclusion

　By using Money Saver’s Overseas Remittance Simulator, you can easily find the most suitable remittance service provider for you in real-time, taking into consideration the constantly changing exchange rates.