SBI Remit: review and guide
SBI Remit’s bank-deposit, cash-pickup, and MoneyGram reach, its per-transfer and annual limits, and why it is a common starting point for family remittances to Asia.
SBI Remit is a Japan-registered remittance provider offering bank deposit, cash pickup, and MoneyGram-network payout with fees from around ¥460 — strong for family remittances and Southeast Asian corridors, generally capped near ¥1 million per transfer and ¥5 million per year.
Key points
- Bank deposit, cash pickup, and partner-network payout including MoneyGram reach; advertises service to about 200 countries/territories.
- Generally up to the lower of US$10,000 equivalent and ¥1m per transfer; generally ¥5m per calendar year.
- Fees start from around ¥460, but the destination-specific fee and FX quote control the real cost.
- Some corridors can arrive in minutes, but delivery depends on compliance, banking hours, and cash-agent availability.
Reach and payout methods
SBI Remit is a Japan-registered remittance provider with bank deposit, cash pickup, and partner-network payout, including MoneyGram reach. It advertises service to about 200 countries and territories, though the available products differ by destination. It is a common first stop for family remittances and Southeast Asian corridors such as the Philippines.
Customer and purpose screening apply, and SHA-style routes can expose the recipient to downstream deductions — check whether the quote is for a bank deposit or a cash pickup, since the payout amount and rules differ.
Limits and fees
Sending is generally capped at the lower of a US$10,000 equivalent and ¥1 million per transfer, with a general calendar-year limit around ¥5 million. Incoming remittance generally shares the same per-transfer cap but has no stated monthly or annual cap, subject to checks. Deposit methods include bank transfer and participating ATM/remit-card channels; some ATM funding methods carry separate limits or charges.
Fees start from around ¥460, but the true cost is the destination-specific fee plus the exchange margin, so compare the recipient amount for the exact payout method rather than the headline fee.
Who this is for
- People sending regular family support to Asia
- Recipients who need cash pickup or a local bank deposit
What this is not
- Very large documented transfers (use a bank or Type I provider)
- Business receipts and invoicing
- Confirm the recipient’s exact legal name and, for cash pickup, the local cap and agent hours before sending.