How to Send and Receive Money from Japan
International transfers from Japan can be slow and expensive if you only use traditional banks. Requirements also vary by provider: some ask for My Number, others for specific proof of purpose. This guide explains the practical options in 2025, what documents you need, how to reduce fees, and when to choose banks vs. fintech services.
1) How International Transfers Work from Japan
- Traditional banks: MUFG, SMBC, Mizuho, Japan Post Bank send money via SWIFT. Reliable but fees add up: sender fee + intermediary fee + poor FX.
- Online/fintech services: Wise, Revolut, Payoneer use local accounts/networks to cut FX and speed up settlement. Clear fee breakdown and app-based tracking.
- Compliance/KYC: All providers verify identity and may ask for purpose of remittance and source of funds. Limits increase after full verification.
2) Documents You’ll Typically Need
- Residence card and passport
- My Number (個人番号)
- Japanese address and phone
- Domestic bank account for funding or receiving
- Purpose of remittance and source of funds documentation if required
3) Sending Money Overseas — Best Options (2025)
Wise
Transparent FX, low fees, and fast transfers to many countries. Good for regular personal or business remittances.
Revolut
Strong app interface and instant small transfers. Good for travel and multi-currency budgeting.
Payoneer
Optimized for freelancers and businesses receiving payments from clients abroad.
Traditional Banks (MUFG, SMBC, Mizuho)
Reliable for large sums and conservative workflows but more costly and slower.
Japan Post Bank
SWIFT-based transfers; limited English support but accessible nationwide.
4) Receiving Money from Abroad
- Provide exact account name and branch details for domestic bank deposits.
- For Wise or Payoneer, use local receiving details to avoid SWIFT deductions.
- Expect verification for large incoming amounts.
5) Fees & Speeds — What to Expect
- Banks: ¥2,000–¥6,000+ plus weak FX; 1–5 business days.
- Fintech: Transparent fee + real FX; often same-day or next-day.
6) Practical Tips to Reduce Fees & Avoid Delays
- Compare total received amount after FX and fees.
- Use real-rate FX when possible.
- Match furigana and romanized names to bank records.
- Consolidate small transfers.
- Prepare invoices or proof of purpose for larger amounts.
7) Comparison — Banks vs. Fintech (2025)
| Method | Total Cost | Speed | Setup / KYC | Best For |
|---|---|---|---|---|
| Bank (SWIFT) | Higher (fees + FX) | 1–5 days | Branch paperwork | Large or formal transfers |
| Wise | Low; transparent | Same day–2 days | App verification | Personal & business remittances |
| Revolut | Low; tiered | Fast for common routes | App KYC | Frequent small transfers |
| Payoneer | Platform-dependent | Fast to wallets | Business KYC | Freelancers, global clients |
Related Reading
Setting up your Japanese banking first? Read: How to Open a Bank Account in Japan (2025 Guide for Expats and Professionals).
Choosing your first card? See: Best Credit Cards in Japan for Foreigners 2025.
New to housing in Tokyo? See How to Rent an Apartment in Tokyo Without a Guarantor (2025 Guide).
Disclaimer: This guide is for general information only and not financial advice. Fees and regulations vary by provider. Confirm all details before transferring funds.