Send Money To Japan

Personal
Business
From
United States Flag
United States
USD
To
Japan Flag
Japan
JPY
1 USD equals
147.57 JPY
Updated on September 21, 2023
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

Currencies Direct Logo
  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website
$
$
$

low

Fees
84
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card

Features

  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Schedule transfers easily
  • Circle Check Icon
    Make use of hedging tools
  • Circle Check Icon
    Accepts customers from most countries
  • Circle Check Icon
    Cannot sign up from all states in the U.S.

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

Wise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Japan

      How To Step Icon
      Step 1
      Review and compare options, sign up
      Review and compare options, sign up
      Many service providers allow their customers to send money to Japan so review and compare your options.
      Select your choice after addressing your individual requirements.
      Sign up as a personal or business customer by entering all the required information.
      This typically includes details from a valid source of ID.
      How To Step Icon
      Step 2
      Look at exchange rates, set up your transfer
      Look at exchange rates, set up your transfer
      Look at the recent JPY exchange rate trend. This gives you an indication of when is the right time to send money to Japan. 
      Get a rate quote from your service provider by entering the transfer amount.
      Accept the quote so you lock in the rate. 
      Provide the recipient's Japanese bank account details at this stage.
      How To Step Icon
      Step 3
      Paying, tracking
      Paying, tracking
      Make your payment. Payment methods may vary depending on the company you select. 
      After your service provider gets your payment, it will send the money to Japan. The processing time may depend on the payment method, the country of the transfer's origin, as well as the recipient's bank.
      Check the progress of your transfer online. Many companies also provide timely notifications.

      Currency Symbol and Swift Codes

      The Japanese yen (JPY) is the official currency of Japan. It is commonly used as a reserve currency, and it is the world’s third most traded currency. The Japanese government’s currency intervention policy has been in place since 1973, which places the yen under a “dirty float” regime.

      When sending money to a Japanese bank account, you will need to provide the receiving bank’s SWIFT code. The table below lists SWIFT codes of some popular financial institutions in Japan.

      BANKBRANCHSWIFT CODE
      Bank of Tokyo - Mitsubishi UFJ, Ltd.TokyoBOTKJPJ2XXX
      Japan Post BankTokyoJPPSJPJ1XXX
      Norinchukin BankTokyoNOCUJPJTXXX
      Chiba BankTokyoCHBAJPJTXXX

       

      Case Study

      Work required Yuki to travel to the U.S. for two years. During his stay in the U.S., he needed to send some money to Japan each month, to cover for his family’s living expenses and existing loan repayments. Upon getting to the U.S., he compared some of the leading banks with the top overseas money transfer companies. The table below shows results of the top alternatives from both realms.

       BANKMONEY TRANSFER SERVICE
      Exchange rate$1 = JPY 104.2421$1 = JPY 106.4611
      Transfer fee$20$0
      Amount received for $2,500JPY 258,520.41JPY 266.152.75
      Transfer time2 to 6 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of JPY 7,632.34

      Using the money transfer company instead of the bank turned out to be a more cost effective alternative for Yuki. The company he selected let him lock in exchange rates for up to six months, and it also let him schedule transfers ahead of time.

       

      Cash Pickup Locations in Japan

      If the recipient does not have a bank account or if you want to send money to Japan quickly, you may consider using the services of companies such as Western Union, Ria, or MoneyGram.

      WESTERN UNION IN JAPAN 
      Tokyo Travelex Shinjuku Minamiguchi Shop, 2 10 9 Yoyogi 1F Homma Building Shibuya Ku, TokyoDaikokuya Shinjuku Minamiguchi Shop 2 8 5 Yoyogi 1F Shinjuku Minamiguchi Bldg, Shibuya Ku, Tokyo
      Yokohama His Kannai 2 12 Masago Cho Naka Ku 1F Kannai Ekamae Daiichi Bldg Yokohama ShiWang Fujing Yokohama Yamashita Cho 92 3 Naku Ku Yokohama
      WORLDREMIT IN JAPAN 
      Tokyo City Express Japan Shin-Okubo Initial Building 2F 2-10-9 Hiyakunin-Cho TokyoEnremit - Shinjuku B1F Sangenya Building 2-3-23 Hyakunin-Cho Shinjuku-ku Tokyo
      RIA IN JAPAN 
      Tokyo Unidos Ltd (IME Malaysia) 169-0073 Tokyo-To, Shinjuku-Ku Hyakunin-Cho 2-4-8 Shinjuku, TokyoUnidos Ltd (IME Malaysia) 169-0073, Tokyo To, Shinjuku Ku Hyakunin 2-9-1 Twi Shinjuku, Tokyo

       

      Safety Tips for Picking Up Cash in Japan

      Crime levels in Japan are typically low, although you should exercise due precautions. Travelling on public transport and walking around at night is typically safe. The entertainment districts of Tokyo such as Kabuki-cho and Roppongi and considered to be high risk areas, especially after dark. There have been reports of foreigners being targeted in different ways such as extortion, drink-spiking, robbery, credit card fraud, and assault.

       

      What Information Do I Need to Transfer Money to Japan?

      When sending money to Japan, the desired mode of transfer has a bearing on the information you need to provide.

      • Bank account. The required information includes the recipient’s complete name, a bank account number, the receiving bank’s name, and the receiving bank’s SWIFT code.
      • Cash pickup center. Other than the recipient’s complete name, you will need to provide the location of a suitable cash pickup center. When collecting the cash, the recipient will need a reference number and a valid form of photo ID.

       

      Regulations When Transferring Money To and From Japan

      The Japanese yen is a completely convertible currency, and there are no restrictions on cross-border money transfers made to or from the country. The Bank of Japan is responsible for overseeing the country’s financial institutions and payment systems, and it also works in preserving price stability. The bank has not interfered in the forex market since 2012.

      While there are no restrictions on moving money in or out of the country, if you plan to invest 10% or more in a sector that has implications surrounding national security or national sovereignty, you will need approval from the country’s Ministry of Finance in advance.

      Convert USD to JPY

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      JPY
      Sending money online through specialist money transfer companies.

      Expect to receive between YR14609.38 and YR14697.92 when sending money from USD to JPY at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately YR14019.1, not including additional banking fees. That is an average saving of YR634.55.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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