Compare ways to send money from Japan to Dominica

The exchange rate determines the price you’ll pay for East Caribbean Dollar when sending Yen to Dominica.

The rate between the Yen and East Caribbean Dollar is currently 0.0184. Wise offers the best exchange from JPY-XCD.

The JPY-XCD exchange rate is always moving.

Sometimes, waiting a day or two can help you get more XCD for the same amount of Yen. Using a forward contract that also allows you to lock in an agreed exchange rate between Japan and Dominica.

Sending money via a Bank transfer is the recommended option for sending money from Japan to Dominica.

The company offering the best bank transfer price is Revolut.

This Bank transfer to Dominica is 0.1% cheaper than the second-best option in the market.

Japan and Dominica have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Japan and Dominica.

Some services between Japan and Dominica have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Dominica as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Dominica, use Wise. The combination of rates and fees when sending from Japan to Dominica is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Japan, or entering Dominica. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive East Caribbean Dollar in Dominica. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Japan to Dominica will offer every method for incoming East Caribbean Dollar, so it’s best to check ahead of time.

One of the more common ways to transfer from Japan into East Caribbean Dollar is directly into a bank account. Wise is the best company for bank transfers between Japan and Dominica.

And if you need cash right away, check if cash pickup is an option for transfers between Japan and Dominica.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When signing up to and sending Yen to Dominica, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Japan this will be a government issued ID such as a passport or driver's license. In Dominica it will be similar, although this should only be needed if you are opening a new account in Dominica, or collecting in cash. Sending to an existing bank account in Dominica shouldn’t require any additional ID checks.

Large transactions between Japan and Dominica, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Dominica is their easy sign up process in Japan.

When sending large amounts of money between Japan and Dominica there will potentially be a tax declaration to consider.

Some transfers into East Caribbean Dollar may need to be reported to tax authorities in Dominica, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Dominica based on age, income and a few other elements. When in doubt, please contact a tax professional in Japan or Dominica to discuss your personal circumstances.