Record of investing for beginners - Fountain of Money

Because you open an account (U.S.) foreign securities company, we examined the costs associated with overseas remittances denominated in US dollars. Posted overseas and study abroad experience is familiar, but will, bank transfer and domestic environment is quite different.

Overseas remittance fees and charges associated with the following items will be considered in general.

Currency exchange fees at the time of

I think see an indication that the TTB or TTS when the currency of foreign exchange banks, etc..
When the Japanese yen into dollars, the exchange rate (foreign currency exchange yen) bank (Telegraphic Transfer Selling rate) to sell foreign currency to be used for customers will be applied at TTS, the Japanese Yen Currency dollars to reverse When the exchange rate (foreign currency to exchange into yen) bank (Telegraphic Transfer Buying rate) is used for customers to purchase the foreign currency will be applied at TTB.
Difference in the exchange fee of TTS and TTB this, USD round trip fee of ¥ 2 banks, etc. will be taken in the city.

Overseas remittance fee

Is that the transfer fee, foreign remittance fee will be taken very expensive compared to the country. In the postal savings bank has 3,500 yen 2,500 yen, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation 4,000 yen, 5,500 yen and Mizuho Bank, Resona Bank, etc. 6,000 yen.

Chakkin fee

The case of overseas remittance, you may by the receiving bank (including bank relay) is a fee of about 10 to about $ 20 to be taken.

For example,, 000 USD10 - If you transfer money from the post office addressed to the Bank of the United States, the

• A. 10,000 yen when the Japanese Yen Currency U.S. Dollar →
• Two. 2,500 yen fee remittance
• Three. $ 10 fee Chakkin

You can hear that in total, 12,500 yen and U.S. dollars can be paid as a commission +10, quite cumbersome and expensive fees to be taken and compared to the domestic money transfer.

I tried to consider how to save these fees there.

A. Citibank remittance in foreign currency using the MMF Nomura Securities Co., Ltd.

Nomura Securities denominated in foreign currencies MMF e Citibank Savings account free of charge free withdrawals to the account maintenance fee account is denominated in foreign currencies at 50 sen a one-way domestic exchange fee of USD, has more than $ 1 million average balance last month, when using Internet banking (2,000 yen, 10,000 yen or more free of charge when ten thousand more than $ 1 million if the average month) overseas remittance fee 2,500 yen

After the required pre-opening procedures Nomura Securities Co., Ltd., submitted an application form ordered withdrawal of foreign currency account registration by phone.
Citibank (registered mail) a foreign account payee

Two. Exchanged in the account FX, Citibank remittance

If you want to transfer, the fee is so cheap to one unit of currency exchange 10,000 (just under 1 million yen if USD), the benefits will come out even considering the fee at the time of withdrawal.
However, in my case can be remitted million yen Oh yeah, so should not, rejected.

Three. Currency in account-remittance InteractiveBrokers

I will take some time, the total cost per case and this method is the cheapest of the USD.
InteractiveBrokers (abbreviated as follows: IB) is a U.S. securities broker, exchange fees (commission sale of shares) is in asset management in the United States, please consider the world very cheaply.
(Comparison of U.S. securities brokers are here → ※ open an account overseas securities )

Japanese Yen currency to the base of IB (an individual to set the base currency). (Transfer to the designated account for $ Citibank IB of domestic Shinsei Bank and SBI Bank Sumishin Net transfer fees free from), change to the Japanese Yen currency remittance from the base currency, a bank account in my name out to the ACH, etc. gold (fees). Remittances to family members such as transfer from there.
However, IB is something like that because it takes account of the maintenance fees, benefits will not If you do not send money frequently, such as monthly remittance to the large remittance.

※ The above I've used a CITI Bank, HSBC Premier is possible even like.

How was I selected to
Remittance so once a few months of a few hundred thousand yen per, at present in the CITI bank via Nomura Securities in a UBOC has been remitted to the checking account of my name.

Comparing products and services , investment policy bank net , MMF denominated in foreign currencies , securities accounts abroad , overseas remittance