Send Money To Japan

It is important to know right ways to send and receive money from Japan. This guide will walk you through the best options.

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Read time
7 minutes
Last updated
3rd Feb 2023

How To Send Money To Japan

Sending money to Japan is simple and easy. Follow these steps to get started.

Step 1
Find a Trusted Provider

Our comparison table for sending money to internationally looks at your specific transfer needs to and from any country in the world. Use this to find a provider that provides the best all-round service for you.

Step 2
Register with your chosen provider

Most providers will be completely free to sign up to, simply requiring your name, address and contact information. In most cases, you’ll also need to upload a picture of a valid photo ID to verify your identity.

Step 3
Transfer Money

As soon as you're ready, you can start sending money online.

Ways To Send And Receive Money In Japan

There are multiple ways to easily send and receive money in Japan but these will largely depend on the provider you decide to use. Below you will find everything you need to know about the best ways to send money to Japan.

Sending money
Receiving money

Sending Money To Japan

Ways to Send Money to Japan

There are various ways you can send money to your family and friends in Japan. Traditionally, banks have dominated most of the corridors. However, the entrance of online money transfer services has drastically changed the scene.

The Banking System

There are international banks such as Lloyds, Santander, Royal Bank of Canada, Standard Chartered Bank, JPMorgan Chase Bank, Bank of NewYork Mellon and others that have a strong presence in Japan. This makes it easier to send payments to Japan through wire transfers as it takes a much shorter time.

When sending through correspondent banks, transfers may take longer to be delivered and the fees can be significant. Depending on how significant you are as a customer, you may be able to do your transfer via telephone. For instance, Santander allows for telephone-based transfers. Also, most of the banks have online platforms that you can access 24/7 and transfer funds to your family in Japan

The greatest inconvenience with most banks is that they offer very low rates on transfers and others have hidden fees. Also, doing an electronic transfer of funds requires that you have a bank account.

Money Transfer Services

In August 2018, Xoom launched its transfer support to Japan. This came as a huge relief to the 340,000+ Japanese immigrants living in the United States. Wise is another great online money transfer provider that allows Japanese in the diaspora to send money home through direct bank deposits.

If you are paying suppliers, employees, or contractors in Japan, OFX can help you transfer at competitive rates.

Setting up on an online money transfer is simple and takes a few minutes to get you going. Some of the providers will require that you verify your details before being allowed to send. When it comes to paying for your transfer, there is a lot of flexibility even if you do not have a bank account in the sending country.

You can use a bank transfer, direct debit, credit card, or debit card depending on the provider and the country you are sending from. Xoom and Wise allow for all three payments methods. OFX transfers to Japan can only be funded through BPAY or Electronic Funds Transfer.

The payout methods for money transfer services in Japan are mostly bank deposits. Some of the top bank's money transfer services providers have partnered with include Aomori Bank, Bank of Fukuoka, Chiba Bank, Hokuriku Bank, Japan Post Bank Co., Mizuho Bank Ltd, Saitama Resona Bank Limited, and Sumitomo Mitsui Banking Corporation.

Most providers have mobile applications you can download and send money on the go. You can also check live rates, add or remove recipients, and track transfers.

In-Store Cash Transfers

Apart from making transfers online or through the bank, money transfer operators such as Western Union and MoneyGram allow you to deposit money at an agent and send.

You have the option of starting in-store and send money to a pickup agent in Japan or directly to the recipient’s bank account. You can also pay a bill directly from an agent location. The other option is to start online and finish the process in-store. MoneyGram has agents distributed in all the 47 cities in Japan from Aichi to Yamanashi.

Western Union and MoneyGram also have apps that you can download from either Google Play or App Store and send funds to Japan conveniently.

What is Needed to Send Money to Japan

Sending money to Japan is simple on most platforms. When sending through the bank, you’ll need an account in the sending country and the recipient in Japan also needs an account. The process of setting up an online money transfer is simpler than opening a bank account. The only information you need is:

  • A government issued-ID document. Depending on the country you are sending from, you can use a passport, social security card or driving license.

  • The recipient’s name as it appears on their legal documents

  • The address and phone number of the recipient

  • If you are sending directly to a bank account, the recipient bank details (bank name, branch and account number)

  • The amount of money you want to send and the transfer payment method

Common Reasons for Sending Money to Japan

There are lots of reasons why Japanese in the diaspora send money home. They vary case by case but through analysis of the remittance information and frequency, the following are some of the common reasons.

Family Support

Some Japanese in the diaspora do not live with their families. As such, they send money home to support them in their basic needs or supplement the income they are getting in Japan.

Repatriating Incomes

Some of the Japanese who work and earn abroad, prefer to have their earnings paid into their home accounts. Money transfer services like OFX can make this process simple.

Mortgage Repayments

Diaspora Japanese who have taken up home loans, often remit monthly payments through money transfer services. In fact, there are transfer features such as recurring payments than can help with such periodic and predictable payments.

Supplier Payments

Overseas Japanese who are sourcing for finished products or services from home often send money through online transfer providers to settle debt obligations.


Whether it is investing in the stock market, real state or in tech innovations, Japanese have a strong attachment to their domestic market. The good news is that, with currency exchange planning, you can lock in rates for the duration of your transfer.

Why Send Money with a Money Transfer Service?

Money transfer services have dominated most remittance corridors to Japan. This is because they are faster, cheaper and convenient to people sending both small and large amounts. The following are the key reasons why you should send you next transfer through money transfer service providers.

Ease of Setting Up

Opening an account and verifying your documents is a simple and quick process that takes approximately 10-15 minutes for some providers. If your provider allows, paying for your transfer with a debit or credit card makes sending faster than through a bank transfer.

Exchange Rates

Ordinarily, money transfer providers such as Xoom and OFX make their profit from exchange rates and transfer fees. However, when you compare online money transfer providers with banks, you’ll get margins of 2-3% above the mid-market rate for money transfer operators and 5% or more for banks. The lower the exchange rate, the lesser the amount you can send. TransferWise charges a 0% exchange rate margin. All transfers are made at the interbank rate.

Multi-Currency Support

Irrespective of where you are sending from, money transfer providers will give you the ability to convert your currency to the Yen. Wise allows you to send money in more than 50 currencies. OFX has a much larger currency base of 55+ standard and exotic currencies.

Safety and Regulation

Providers are regulated by bodies such as the Financial Conduct Authority (FCA), the Financial Crimes Enforcement Network (FinCEN), and the Australian Securities and Investments Commission (ASIC) among others. These bodies ensure that the providers comply with a strict code of ethics in their operations, guaranteeing you the safety of your funds.

Speed of Transfer

Compared to banks, money transfer providers such as Wise, OFX and Xoom deliver funds faster. Funds transferred directly to the bank typically arrive in 1 or 2 days. Western Union and MoneyGram transfer to pickup locations may even arrive the same day.

Transfer Fees

Providers have different fee structures and pricing models. There are those that charge fixed fees, others variable fees based on the amount, still others charge a combination of the two. Normally, as the amount increases, the transfer fees drop.

Things to Consider When Sending Money to Japan

When sending money to Japan, there are a few things you must bear in mind to ensure smooth transfers. Top on the list are:

  • Zero Rate Policy -The bank of Japan deliberately lowered and has maintained low-interest rates for a couple of decades to encourage borrowing, spending, and investment. A lot of capital flight has taken place over the Zero Rate period because the zero rate means minimal yields in Japan-based investments.

  • Remittance Cap -In a bid to curb money laundering, Japan Post Co. and Japan Post Bank Co. are putting in place reforms to limit the amount of money that can be sent to Japan from overseas through their bank transfer service to ¥5 million per day. To add to this, the number of post offices offering international money transfer services will be reduced from 3,210 to 1,194.

  • Taxation on Large Remittances -Taxation in Japan covers gifts both monetary and non-monetary. That being said, there is an exemption on the amount you can receive as a gift in a year. However, exceeding that amount may expose you to taxation. Also, factors such as the country you live in can have a profound effect on your tax status in Japan. The best approach is for the recipient to seek professional advice from a tax expert well versed with international money transfers and tax implications.

Therefore, sending money to Japan from any country requires that you understand the various avenues available and what you need to transfer funds. Always prioritise safety, cost and speed of delivery.

Looking to Send Money Somewhere Else?

Sending money anywhere else in the world is as easy as sending money to Japan. If you're looking to send money to another country, here is the list of the most popular destinations.

Get started with our top money transfer guides

Jonathan Merry
Jonathan Merry
Jonathan is the founder and editor of Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of

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