Mitsubishi UFJ Financial International Money Transfers. For a bank to provide top-notch international payment services, it has got to be big. With far-reaching resources and a global presence. With assets totalling USD 2.459 trillion as at 2016, Mitsubishi UFJ Financial Group is certainly big enough.
But the changing businesses environment requires a bank that is not just big but has the necessary infrastructure to handle large-scale financial transactions. With offices in every part of the globe including Tokyo, Shanghai, Singapore, Bangkok, New York. London and Los Angeles and a network of offices in over 40 countries the bank clearly has the infrastructure.
Mitsubishi UFJ Financial International Money Transfers? But do the international payment services. The bank offers to meet with its global clienteles needs? Let's take a closer look at these services to find out.
The Global Cash Management Service.
The Mitsubishi UFJ Financial Group International Money Transfer Payments has developed a Global Cash Management Service. (GCMS Plus) that is intended to offer cash management services to global businesses. This encompassing product is designed to make it simple for businesses with global clients to meet some necessary financial needs including domestic. And overseas remittances, transaction confirmation and even account inquiry in a very secure environment.
The whole process of sending and receiving payments can be quickly done at one of MUFG's International Wire Transfer offices in over 30 countries.
Cash Pooling Advantages.
The cash pooling service offered at MUFG International Wire Transfer enhances a company's liquidity. But also makes it easy for a business to maintain and maximize its cash positions. This further makes it easy for the company to make and receive payments at one subsidiary. And make payments to another without affecting the cash flow. The Zero Balance option makes this feature a really important one since the subsidiary accounts. Adjusted to zero balance by the master account at the end of the business day. This has the effect of reducing transaction cost even as it provides for effective liquidity management.
The Global Payment Hub (GPH) a service offered by MUFG to further simplify how a business handles and transfers cash. The GPH meant to make it easier but also allow the company to maintain control. The system allows the company to connect corporate clients cash management system directly with the Bank. They then initiate payments and manage the companies bank accounts using their own systems. And the changes reflected the Banks host system. This system makes it easy for customers of the MUFG wherever they may be in the world to make both domestic. And foreign transfer easily via SWIFT or online without having to worry if the money will be received.
As a global financial services company, the Mitsubishi UFJ Financial Group International Money Transfer Payments understands the need for a lowered currency exchange rate for its clients. So, while the bank does use the prevailing market rates. The rates posted on the company's website at the close of business. This transparency ensures that clients are fully aware of the cost of remittance and transfers at any given time.
Availability of an Online Forex Service and Swift Connectivity. The currencies listed on the company's website are of the countries in which it has subsidiaries or clients.
Aimed at making the foreign exchange operation for corporate clients easier, the Online Forex Service offered at MUFG covers all areas. These include inquiry about foreign exchange contracts. Confirmation that the contracts have been received and even alert-mail in case of pre-set exchange rates change.
Coupled with SWIFT connectivity that covers all MUFG offices around the world. The bank makes it easier for a company to send a receive large amounts of money in relatively shorter periods of time.
The Mitsubishi UFJ Financial Group International Money Transfer Payments available in over 40 countries across the globe. Because of the differences in laws and banking regulations, the remittance charges for both international. And domestic transfers vary from one subsidiary to another. But the differences between them is not very significant. And clients advised checking with the local branch for charges applying to the type of account they hold.
The Global Payment Hub Further Simplifies Cash Transfers.
Because of its global reach and how its cash management systems designed to make all branches work as a cohesive unit. The Mitsubishi UFJ financial group a world leader in payment processing. This is both true for domestic and international remittances more so for international transfers because of its reach. Its Yen Clearing services, in particular. Remain unmatched by any other Financial Services provider of its stature thanks to the Groups in-depth knowledge of the Yen.
MUFG Exchange Rates. For businesses with subsidiaries around the world that require seamless operations especially in terms of cash transfers. The MUFG offers great solutions.
Company Contact Details
Free Currency Transfers Over £5000
Mitsubishi UFJ Financial Group
Calle de José Ortega y Gasset, 29,