All About MUFG International Money Transfer

MUFG International Money Transfer

Are you studying abroad and want to send money to your landlord? Or maybe your parents want to send you money for your birthday and vice versa. Mitsubishi UFJ Financial Group (MUFG) allows you to do just the same. With MUFG International money transfer you can transfer money to your loved one in around 8 different currencies. You can read this blog to know everything about MUFG International money transfers.

What is MUFG International Money Transfer?

Mitsubishi UFJ Financial Group (MUFG) is only the world’s largest but also one of the most diversified financial groups. The group has total assets worth around 306 trillion yen. The Group’s stock is listed on the Nagoya, Tokyo, as well as New York stock exchanges. The Group is made up of five primary companies, comprising MUFG Bank, Ltd., Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ NICOS Co. Ltd., and Mitsubishi UFJ Lease & Finance Company Limited. The group offers many different services to its customers. The bank allows you to transfer money internationally through online banking as well as by going to the bank physically. 

Also Read: South Indian Bank International Money Transfer

MUFG International Money Transfer Exchange Rate

MUFG International Money Transfer which lets you transfer money internationally has different rates for transferring money in the same bank and a different bank. If you want to transfer money to the same bank (to the Bank’s head offices and its local subsidiaries) through Internet banking then it will cost you 2,500 yen. Similarly, if you go physically to the bank then it will cost you more, that is 7,000 yen. If you want to transfer money to another bank through Internet banking then it will cost you 3,000 yen. Similarly, if you go physically to the bank then it will cost you more, that is 7,500 yen.

How Does MUFG International Money Transfer Work? 

An International transfer or wire transfer is done through electronic means. The transfer is done where both the payer and the payee are in two different countries. You can initiate a transfer from either the bank branch or even from your online bank account. You just have to log in and search for the option for international bank transfers. 

Also Read: Huntington Bank International Wire Transfer

MUFG International Money Transfer Process 

You can apply for an international remittance from anywhere, you just have to have a working Internet connection. You will just have to add the details of the recipient’s bank account, like name, account number, etc, after which you will easily be able to make regular remittances. Moreover,  the remittance fee for online transactions is cheaper than the procedure done physically through the bank.

You can access MUFG International exchange by using this link: https://sso.mufgamericas.com

Use the ID and passcode to sign in to your online account.

1 You will have to click the reporting and payments tab.

2 Got to the drop-down menu and select Payment Center 

3 Add the New Payment link.

4 Fill in the appropriate fields. 

5 Submit the payment or select save for later to edit the payment at a later time

Also Read: Standard Chartered International Bank Transfer

Time Taken to Process MUFG International Money Transfer 

If you want to make MUFG International Money Transfer through the Internet then the reception time will be around 24 hours. The maximum amount that you can transfer per time is less than 1 million yen, per day 2 million yen or less, and per month 5 million yen or less. 

You can contact the MUFG branch office, bank call center, or foreign remittance Inquiry desk at 0120-138-266 if you have any questions regarding web foreign remittance operations or procedures for foreign remittances. The inquiry hours are weekdays 9:00 to 17:00 and excluding (Sundays, Saturdays, bank holidays, and national holidays)

Currencies Under which International Money Transfers can be made

Following are the currencies under which you can make MUFG International Money Transfer:

  • USD
  • GBP
  • EUR
  • Australian dollar
  • Canadian Dollar
  • New Zealand dollar
  • Hong Kong dollar
  • JPY

FAQs

Q.1. Does MUFG have English support?

Ans: Yes, You can talk to Japanese and English-speaking operators for MUFG International Money Transfer.

Q.2. How does it work?

Ans: An International transfer or wire transfer is done through electronic means. The transfer is done where both the payer and the payee are in two different countries. You can initiate a transfer from either the bank branch or even from your online bank account. You just have to log in and search for the option for international bank transfers. 

Q.3. Where is MUFG in India?

Ans: MUFG was located at Hoechst House at Nariman Point in Mumbai. In April 2021 the bank relocated to the banking and business district of Mumbai at Bandra Kurla Complex. 

We hope this blog has helped you understand all about MUFG International Money Transfer. Do you want to know more about international transfers like these? You can rely on our page to know more! Get in touch with our study abroad experts to achieve your international dream today!

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