Sending money home

 Once you start getting salaries, you will want to send money back home: for your loved ones or personal expenses back in India.

Sending money home is very simple once you have a Japanese bank account/debit card. Instead of relying on banks to transfer money back home, we can use third-party services to send money home.

I have used Revolut and Wise.

Revolut

• Sing up for Revolut (https://www.revolut.com/en-JP/)
• Get yourself verified. It can take some time to get your free debit card and address verified. 
• You can send money to foreign accounts after verification.
• Revolut allows you to add money from credit cards, debit cards, and bank transfers.
• Money added from Japanese credit cards can’t be sent to other accounts, remitted, or withdrawn from ATMs.

I have used Revolut for almost Two years (Yes, I have been using it since its launch in Japan). Transfers are super fast: it took only 10 minutes to receive the money in my SBI bank account. 

I also use Revolut for my day-to-day expenses. I charge the Revolut account from my credit card (earning the points) and use my Revolut card everywhere.

Wise

• Sign up for Wise (https://wise.com/invite/u/krishnarajp2)
• Get yourself verified. Unlike Revolut, wise’s debit card is not free. It will cost you 1200 yen.
• You can make one transfer without verification, but you have to get verified for the subsequent transfers.
• You can add money from debit cards and bank transfers.
• You have to pay additional fees if you are using debit cards.

As a user, I prefer Revolut, some of the advantages I found are:

• Free debit card.
• Ability to add money to your account from debit cards and credit cards without any additional fees.
• There is no transfer fee and the exchange rate is almost always better than wise. (Note: Revolut charges a small fee on weekends)
• Their amazing app and ability to keep track of your expenditures