Important RemindeRs
REGARDING KABAYAN's REMITTANCE Service
Reminders :
Remittance are NOT money sending transactions provided by a bank, etc.
The services DO NOT involve any acceptance of deposits / savings / and/or installments savings or similar matters prescribed in Article 2.4 Paragraph of the Banking Act.
The services are NOT subject to any insurance payments under Article 53 of the Deposits Insurance Act(Act No. 34 of 1971 and including subsequent revisions) or Article 55 of the Agricultural and Fishery Cooperation Savings Insurance Act(Act No. 53 of 1973 and including subsequent revisions).
For the benefit of customers, we shall place a performance security deposit with the Tokyo Legal Affairs Bureau for the remitter's assets safety.
Please note that the right of a sender to claim against the company for entrusted funds based on Article 59 of the Act Concerning Settlement of Funds, shifts from the sender to the receiver at the moment the receiver actually receives or collects the remittance(in the case of bank transfer, it is at the moment that the remittance proceeds credited) and NOT before.