CRDB Bank International Money Transfer Vs Mizuho Bank International Money Transfer

CRDB Bank Vs Mizuho Bank International Money Transfer
Home » International Money Transfer » CRDB Bank International Money Transfer Vs Mizuho Bank International Money Transfer

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. 

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:

ParticularsDetails
Name of the BankCRDB Bank Burundi S.A.
Currencies CoveredUSD, EUR 
Funds Transfer FeeUSD 55 for BEN/SHA/OURUSD 30 Overseas Bank Charge (estimated)
Beneficiary bank for USDCRDB Bank PLC, TanzaniaSWIFT Code: CORUTZTZ 
Beneficiary Bank for EURCRDB 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:

ParticularsDetails
Name of the BankMizuho Bank
Currencies CoveredAround 50 currencies including USD, GBP etc. 
Fund Transfer Fees0.5% of the amount (Minimum USD 25) + Charges under Outgoing Remittance
0.25% for FCD Account (Minimum USD 25)
Transfer ProcessDedicated 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.

FeaturesCRDB BankMizuho Bank
Availability of CurrencyMajor transactions are in USD and EUR (contact bank for other currency requirements)Transactions can be made in over 50 currencies
Transaction FeeUSD 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 TransferNo Dedicated Platform for online transfer is available.Online Transfer through the dedicated Global e-banking Platform
International AvailabilityAvailable only in Tanzania and BurundiOperates in more than 40 countries including India

FAQs

Which one is better, the CRDB Bank and the Mizuho Bank for international money transfers?

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. 

What is the SWIFT code of Mizuho Bank? 

The SWIFT code of Mizuho Bank for international money transfers is MHCBJPJT.

Is the CRDB Bank international money transfer fees cheap?

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 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. 

More on International Money Transfer Services
HDFC Bank Vs Axis Bank International Money Transfer
How to Track International Wire Transfer 
What is a SWIFT Wire Transfer?

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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