ID required for Bank Transfer of over 100,000yen
Due to the identification law amendment from 4th Jan, 2007, you cannot use the ATM anymore for sending more than 100,000 yen worth of cash, and you have to show your ID at the counter of banks and post offices when you do it. Note: this requirement is only for sending CASH. If you use a bank transfer from your own bank account, you can still transfer more than 100,000yen, and ID is not required because it was already checked when you opened the account.
-> For detailed information, please refer to this site:
http://www.fsa.go.jp/policy/honninkakunin/index.html
Happy banking!
Kate
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New Laws about Transfering Money
From January 4, 2007, it will no longer be possible to send sums larger than 100,000 yen in cash by "furikomi" (bank transfer) at the bank machine (ATM). If you want to send amounts larger than that, you will have to use your bank card. The banks are trying to prevent money laundering and other criminal activities, so they are limiting the amount of money that can be sent anonymously through the furikomi system. (If you send cash by furikomi, there is no official record of who sent the money.) So, if you want to send larger amounts of money, first deposit the amount into your account and then transfer the money from your account to the recipient.
Source: Japan Times (unfortunately, you have to register to view the article)
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Sending Money Between Banks and Postal Bank Accounts
From January 1, 2009, it will become possible to send money (by furikomi) between banks and postal bank accounts.
In order to do this, you have to find out the branch number and account number that has been assigned to your postal account. There are two ways of doing this.
1. Go to the post office and hand in your postal bank account book. They will then print your new branch code and account number on the first page of your account book.
2. Fill in the form on the following page.
https://wwws.jp-bank.japanpost.jp/cgi-bin/kouza.cgi
If your current postal account number doesn't have enough numbers to fill all of the sections, leave the middle section blank. Click the green button when you are done. You will be brought to a confirmation screen. Click OK and then you will be shown your new bank code (four digits), branch code (three digits), and account number (seven digits). Copy the information down somewhere for future reference.
Please note that this service will not be available through the post office's online banking system (Yucho Direct, ゆうちょダイレクト) until later in the spring of 2009.
Source: http://www.jp-bank.japanpost.jp/kojin/tukau/sokin/koza/kj_tk_sk_kz_furikomi.html
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