---This instruction is updated 28th November 2023 ---
It is faster and good international currency rate and smaller handling fee compare to general international bank money transfer.
We are recommending using Transfer Wise for international money transactions rather than bank-to-bank transfer.
What's the benefit to use Transfer Wise for you ?
- Good currency rate compares to the general bank. For a large amount of transactions, you may save a few hundred bucks.
- Much cheaper handling fee. You don't need to pay a $20-$30 international money transfer fee to your bank.
- You can see the transaction status all the time.
- It will complete the transaction within 1-2 days. (If you already have an approved account)
Please register your account at Wise (https://wise.com)
1. Setup your account
2. Fill in our bank details automatically from our email (If you use Wise first time, you may need to add them manually)
2.1 Fill in the bank details manually
3. How to create a transaction with SWIFT from Wise (Please avoid this payment method since the sender and receiver need to pay a handling fee)
(This instruction is from smartphone App but of course, you can do this from Wise web site)
1. Setup your account
2. Fill in our bank details automatically from our email (You may need to add them manually if that case, please check the next step.)
Tap Recipients and Add.
Click A Someone else
Please add our wise account email address (tarotrade @ gmail.com) and select the currency as Japanese yen.
5. Most of the time, the following sections are automatically shown. (First-time users will need to fill out the information manually)
Please click "Send JPY" from Recipient. (Our bank account is described in Japanese in here as below.)
Please Add the amount in the Japanese yen section first and click continue.
8. You will receive the confirmation email from Transfer Wise.
Please follow their instruction.
2.1 Fill in the bank details manually
After installed App into your phone click Recipients.
Choose "Someone else"
Copy this text → [ タローズ トレード ジヤパン オガタ タロウ ]
Past to " Name of recipient "
Choose Bank Name as " Rakuten Bank " Bank code is [0036]
Choose Account Currency as " JPY - Japanese "
Our Email Address for Wise: tarotrade @ gmail.com
In the Branch Name section
Please Type " 222 " in the search box and choose " ハープ[222] "
(Some of Device or depends on the countries you can only see "Herb". In this case, it's OK to pick Herb)
Choose Account Type " 普通 ( Futsuu )
Type Account Number " 5002382 "
Add Amount in Japanese yen (JPY)
And click " Send Money " button
After you click "send money" you(and us) will receive a confirmation email from Wise.
Note: Depending on your country you may need to input our address, as below.
3. How to create a transaction with SWIFT from Wise (Please avoid this payment method since the sender and receiver need to pay a handling fee)
If you create an international transfer with SWIFT, you need to add an intermediary bank's SWIFT code.
- Intermediary's SWIFT Code: SMBCJPJT
- Beneficiary Account Number: 222-5002382
- Beneficiary Name: TARO’S TRADE JAPAN TARO OGATA
- Beneficiary Address (Our office address) : 3-25-40 Yahatanishi-ku Kitakyushu Fukuoka Prefecture 807-0801 JAPAN
Our Bank Account
- SWIFT Code/BIC: RAKTJPJT
- Beneficiary Bank Name, Branch Name: RAKUTEN BANK, LTD. HEAD OFFICE
- Beneficiary Banl Address: 1-14-1 TAMAGAWA, SETAGAYA-KU, TOKYO, JAPAN
- Intermediary Bank: SUMITOMO MITSUI BANKING CORPORATION, TOKYO, JAPAN
Source
Wise: https://wise.com/jp/blog/overseas-remittance-incoming-rakuten-bank
Rakuten Bank: https://www.rakuten-bank.co.jp/geo/incoming/flow-02.html