How to send money to Japan from Spain with the best EUR-JPY rate

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay Western Union the €7,000 by card or transferencia, and they can collect cash in Japan.

Worth noting, cash transfers are faster than online methods, but usually more expensive, so compare your options.

For medium sized or one-off transfers to Japan, an online money transfer service funded from your bank account is better than any bank.

Wise turns €7,000 into 1,246,759 JPY with a €37.59 fee and 0.01% markup.

Currency brokers are best for sending €10,000+ to Japan. This can be things like selling property, moving a pension, moving back home, etc…

Brokers like Regency FX, Key Currency, or TorFX charge no fee on large transfers, just a margin that gets smaller as the amount grows.

You also get an account manager, access to forward contracts, limit orders, and more.

If you often receive JPY (things like pensions, payments, salary, dividends, etc…), this is the best way to do it.

Because a multi-currency account gives you account details to receive JPY like a local and you can exchange it to EUR at any time.

The best multi-currency account in Spain with JPY support is offered by Wise.

For example, converting €7,000 gets you 1,246,759 JPY.

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to Japan.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.