International money transfer is one of the primary concerns for students when they plan to study abroad. It is very important for a student to compare the merchants or the banks while choosing one for a money transfer. CRDB Bank and the Mizuho Bank are leading banks with a great track record in international money transfer. However, the fees, commissions, and exchange rates differ from bank to bank. This makes it important to know which bank will be a better choice for international money transfer. In this blog, we will compare and understand which bank is a better option.
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Also Read: Have you explored the services of SMBC Bank? Check this blog on SMBC International Money Transfer
CRDB Bank International Money Transfer
Are you looking for a safe and secure mode of international money transfer? Do you need the money quickly? Here is the gateway. CRDB bank international money transfer is one of the safest options to transfer money across borders within 24-48 hours. Check the major details below:
| Particulars | Details |
| Name of the Bank | CRDB Bank Burundi S.A. |
| Currencies Covered | USD, EUR |
| Funds Transfer Fee | USD 55 for BEN/SHA/OURUSD 30 Overseas Bank Charge (estimated) |
| Beneficiary bank for USD | CRDB Bank PLC, TanzaniaSWIFT Code: CORUTZTZ |
| Beneficiary Bank for EUR | CRDB Bank Burundi S.A.SWIFT Code: CORUBIBU |
Also Read: Most of the Indian Banks have a strong track record for money transfers. Check out this blog on UCO Bank International Money Transfer
Mizuho Bank International Money Transfer
Mizuho Bank, headquartered in the Otemachi district of Chiyoda (Tokyo, Japan), offers a reliable and efficient international money transfer service. The bank has a strong track record in cross-border transactions. They have created a reputation for stability and security. In context to the international students, Mizuho Bank’s international money transfer service is a trusted choice. Let’s check the major factors of Mizuho Bank International Transfer:
| Particulars | Details |
| Name of the Bank | Mizuho Bank |
| Currencies Covered | Around 50 currencies including USD, GBP etc. |
| Fund Transfer Fees | 0.5% of the amount (Minimum USD 25) + Charges under Outgoing Remittance 0.25% for FCD Account (Minimum USD 25) |
| Transfer Process | Dedicated Global E-banking Service |
Difference between CRDB Bank and Mizuho Bank International Money Transfer
While choosing a bank for international money transfer services, you will have to check certain things like availability of the currency which you want to transact with, mode of transfer, transaction fees etc. After checking these things you will finalise the bank which is best suited for you in all terms. After going through the above-mentioned data you must have understood the features of the two banks. Now, let’s check some of the major differences between CRDB Bank and Mizuho Bank International Money Transfer.
| Features | CRDB Bank | Mizuho Bank |
| Availability of Currency | Major transactions are in USD and EUR (contact bank for other currency requirements) | Transactions can be made in over 50 currencies |
| Transaction Fee | USD 55 for BEN/SHA/OURUSD 30 Overseas Bank Charge (estimated) | 0.5% of the total amount (Minimum Baht 500) + Charges under Outgoing Remittance 0.25% of the total amount for the FCD Accounts (Minimum Baht 500) |
| Mode of Transfer | No Dedicated Platform for online transfer is available. | Online Transfer through the dedicated Global e-banking Platform |
| International Availability | Available only in Tanzania and Burundi | Operates in more than 40 countries including India |
FAQs
If you are looking for international money transfer services, Mizuho Bank will be a better option. Mizuho Bank operates in over 40 countries including India and you can transact across 50 currencies worldwide. On the other hand, CRDB Bank has less availability and the currencies are also limited.
The SWIFT code of Mizuho Bank for international money transfers is MHCBJPJT.
The charges for international money transfer from CRDB Bank is less as compared to the Mizuho Bank.
This was all about the comparison between CRDB International Bank Money Transfer and the Mizuho Bank International Money Transfer. Always check the applicable charges and commissions before making any kind of money transfer.
To know more about banks for money transfers, the best international bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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