How to send money to Cambodia from Japan with the best JPY-KHR rate

These are the leading options for a ¥39,000 transfer to Cambodia.

Cheapest way to send money to Cambodia

The cheapest option is Remitly, funded by bank transfer with bank deposit for the payout. Your recipient gets 987,090 KHR, which is 5.76% more than the next best option.

Fastest way to send money to Cambodia

The fastest option is PayPal App (P2P Transfer). Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 908,881.58 KHR in minutes.

Japanese banks and registered funds-transfer companies can ask for a residence card, address, My Number and the purpose of an overseas payment.

The exact documents depend on the money transfer company and transfer purpose.

The first payment may take longer while the account is being checked.

Keep the invoice or document explaining the payment ready if you are sending tuition, property money or a large personal transfer.

The Financial Services Agency advises foreign residents to use a licensed bank or Funds Transfer Service Provider.

PayPay, Suica, IC cards, and a domestic furikomi are useful inside Japan, but they do not send JPY to Cambodia.

Japan's annual basic gift-tax exemption is ¥1.1 million per recipient under the calendar-year system.

The recipient may need to file and pay tax when total gifts received during the year exceed that amount.

Residence and asset-location rules can make cross-border cases more complicated, so do not assume that receiving the money in an overseas account avoids Japanese tax.

Non-bank remittance balances are protected under the Payment Services Act, but they are not ordinary bank deposits, so avoid leaving more money there beyond what you need to send.