When receiving remittances from overseas at PNB Japan (Tokyo Branch and Nagoya Sub-branch) please provide the person/company sending you money (“remitter”) the following necessary information.
* Please note that this service is only available to the existing customers of PNB Japan, and please consult and inform PNB Japan your inward remittance in advance.
Necessary Information to Receive Money (Please inform your remitter)
- Beneficiary Bank Information
1) Beneficiary Bank Name Philippine National Bank Tokyo Branch 2) SWIFT Code PNBMJPJT 3) Beneficiary Bank Address Mita Kawasaki Building 2F 2-11-15 Mita Minato-ku Tokyo 108-0073 Japan 4) USD Correspondent Bank CITIBANK, N.A. (SWIFT Code: CITIUS33) 5) JPY Correspondent Bank MIZUHO BANK, LTD (SWIFT Code: MHCBJPJT) - Beneficiary Information
1) Beneficiary Full Name 2) Beneficiary Address and Contact Number 3) Beneficiary Account Number (if you have a bank account with PNB Tokyo Branch) If no bank account, please provide PNB Japan ID Number (12-digit number starting with 1740 [Tokyo] or 1780 [Nagoya]) This is for Over-the-counter payments for registered customers only
Acceptable Currencies
We only accept payment instruction in US dollars and Japanese Yen.
Charges and Modes for Inward Telegraphic Transfer (ITT)
Remitting bank or intermediary banks may charge fees separately from our charges. If there are any intermediary banks’ charge, it will be deducted from the remittance amount. It is not possible to confirm the intermediary banks’ charge in advance.
* Please note that the below charges are under the condition of charges paid by Receiver/Beneficiary side. Kindly inform your remitter to instruct the remitting bank to specify the charge ‘SHARE’ in the charge field of payment instruction.
- Funds Received in Japanese Yen
1) Credit to Your Yen Deposit Account with PNB Tokyo Branch or Advise and Pay Over-the-Counter (OTC) Payment
2) Credit to Your Dollar Account with PNB Tokyo BranchITT Amount Charge UP to JPY 500,000 ITT Amount × 0.05% (Minimum of JPY3,500) JPY 500,001 and ABOVE ITT Amount × 0.05% (Minimum of JPY5,000) Important Notice: In addition to the charges above, a separate domestic bank transfer fee of JPY1,000 will be charged.
3) Payment to Your Deposit Account with Banks* Other Than PNB Tokyo BranchITT Amount Charge Regardless of Amount ITT amount X 0.05% (Minimum of JPY3,000 in equivalent to USD) Important Notice: In principle, US Dollar amount converted at the TTS rate published on the day of payment will be credited after deducting our charge.
* When your account number with other banks is specified in payment instruction by remitting bank.
ITT Amount Charge UP to JPY 500,000 ITT Amount × 1.0% (Minimum of JPY3,500) JPY 500,001 and ABOVE ITT Amount × 1.0% (Minimum of JPY5,000) Important Notice: In addition to the charges above, a separate domestic bank transfer fee of JPY1,000 will be charged. -
Funds Received in US Dollar
When your account number with other banks is specified in the payment instruction by remitting bank, we are unable to accept such payment instruction. We will refund the received funds to remitting bank after deducting our refunding charge of USD25.00.
1） Credit to Your US Dollar Account with PNB Tokyo Branch
2） Credit to Your Yen Account with PNB Tokyo BranchITT Amount Charge UP to USD 5,000 ITT Amount×0.05% (Minimum of JPY3,500 Equivalent in USD) USD 5,001 and ABOVE ITT Amount×0.05% (Minimum of JPY5,000 Equivalent in USD)
ITT Amount Charge Regardless of Amount ITT amount X 0.05% (Minimum of JPY3,000) Important Notice: In principle, yen amount converted at the TTB rate published on the day of payment will be credited after deducting our charge.
Handling of Remittances from Overseas Based on Laws and Regulations such as the “Foreign Exchange Act”
* To confirm the identity of the beneficiary, we may ask you to present identification documents.
* To confirm that the remittance is not subject to money laundering or economic sanctions, we may ask you to present documents related to the transaction. For this reason, please note that it may take some time to make a payment, and even if you present the materials, we may not be able to credit the funds based on laws and regulations.
* Transactions are refused in the case of transactions that are related to North Korea, Iran, Russia, Belarus, FATF blacklist, and violate the Foreign Exchange and Foreign Trade Act, U.S. OFAC regulations.
Documents Related to the Transaction
- Documents to Confirm the Source of Funds
Source of Funds Samples of Supporting Documents Allowance/Salary Pay slips, withholding tax certificate, employment contracts, passbooks for payroll accounts, etc. Pensions/ Subsidies Passbook, deposit/withdrawal details, etc. to confirm receipt of funds Funds related to investment (Dividends, etc.) Contracts related to investment, documents related to cancellation at the investment source, etc. Real estate related income Documents related to real estate leasing (documents that can confirm rental income), real estate sales contracts, etc. Insurance payout Documents pertaining to insurance company payments, etc. Proceeds from sales of goods Contracts, documents related to transactions, etc. Inheritance Inheritance-related documents, etc. - Documents to Confirm the Purpose of the Transaction
Remittance Purpose Samples of Supporting Documents Trade transactions Invoices, sales contracts, bills of lading (B/L), import (export) permits, certificates of origin, etc. Service use, outsourcing Contracts/invoices for service use/outsourcing, etc. Medical expenses Bills from medical institutions, etc. Medical expenses Invoices for tuition /enrolment fees from educational institutions, etc. Travel/accommodation expenses Invoices/reservation slips from accommodation and travel agencies, passports, etc. Real estate purchases/sales Contracts and invoices relating to real estate transactions, Buyer/Seller’s ID copy, etc. Living expenses Documents showing the kinship between remitter and beneficiary (e.g. family register, marriage certificate, birth certificate, notarized documents issued by the public authorities of the country concerned, etc.). Deposit transfers to own account Documentation showing the name and account number of the receiving account (e.g. passbook, bank statement of the account, etc.). Loans/borrowing repayments Lease agreements, loan agreements, etc. Investment, equity and company formation Contracts showing the details of the investment, certified copy of the register of the investee, investment contract, etc. Insurance premium Contracts and invoices for insurance, etc.
For more information about inward remittance, please feel free to contact us at 03-6858-5910 or email us at customercare@pnbtokyo.co.jp