- November 4, 2025
- BELONGING JAPAN
For foreigners living in Japan, being able to transfer money from Japan safely and efficiently is an essential part of financial management. Whether sending money to support family, paying tuition fees abroad, or managing overseas investments, understanding the right transfer methods—and how to minimize fees while complying with Japanese regulations—is key.
This comprehensive guide, supervised by certified financial planner Ms. Masako Otake, clearly explains safe and efficient ways to transfer money from Japan. It provides practical insights to help you choose the best option based on your purpose, budget, and destination.
Table of Contents
About the Supervisor & Writer
Masako Otake
Certified Financial Planner® / 1st Grade Certified Skilled Professional of Financial Planning / Certified Inheritance Consultant
Founder of Yume Planning (est. 2015)
After gaining experience working at various financial institutions, including securities firms, banks, and insurance companies, Masako became an independent financial planner in 2015. She provides consultations, writing, and lectures based on the belief that understanding your finances is key to living a richer, more authentic life.
Chapter 1: How to Transfer Money from Japan
There are several ways to transfer money from Japan to another country, each with its own advantages and conditions. The best option depends on your purpose, how often you send money, and the amount you plan to transfer.
1. Bank Transfer (Wire Transfer)
Major Japanese banks such as Mitsubishi UFJ (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank offer reliable international money transfer services. These are among the most secure methods available, though they tend to come with higher fees and less favorable exchange rates.
Typical Fees
Transfer fee: ¥2,500–¥7,500
Intermediary bank fee: Around 0.1–0.5% of the transfer amount (varies by bank)
Advantages
Highly secure and trustworthy
Suitable for large-amount transfers
Less likely to experience issues with receiving banks
Disadvantages
Higher service fees and unclear total costs
Exchange rates may not be favorable
Processing time can take 2–5 business days
Bank transfers are the most traditional and reliable way to transfer money from Japan, ideal for those prioritizing safety over cost. However, fees and exchange rate margins are generally higher compared to other options. Depending on the receiving country or bank, your transfer may go through intermediary banks, which can slightly reduce the final amount received. Since fees vary among financial institutions, it’s worth comparing multiple banks before making a decision.
2. Online Money Transfer Services
Online services such as Wise (formerly TransferWise), PayPal, and Revolut have become popular alternatives to traditional bank transfers. They allow users to transfer money from Japan at lower costs and with faster processing times—often completing transactions within one business day. These services are ideal for frequent or urgent transfers.
Typical Fees
Wise: Around 0.5%–1.5% of the transfer amount
PayPal: 2%–4% of the transfer amount + a fixed fee
Revolut: 0%–1%, depending on your plan
Advantages
Lower fees compared to banks
More competitive exchange rates
Fast transfers, often completed within one business day
Disadvantages
May have limits on large-amount transfers
Some services require the recipient to have an account
Temporary service outages or maintenance may delay transfers
Unlike traditional bank wire transfers, online remittance services offer faster and more cost-efficient ways to transfer money from Japan. For example, Wise operates without using the conventional SWIFT network. Instead, it uses a peer-to-peer (P2P) network that offsets payments within each country’s local bank accounts—meaning the money doesn’t actually cross borders. This structure helps reduce fees and speed up transactions.
Wise also uses the mid-market exchange rate, the real rate you see on currency markets, which minimizes losses from exchange rate margins. Transfer fees typically range from 0.5% to 1.5%, and most transfers are completed within a single business day. Users can also manage multiple currencies and set up automatic conversions, making Wise ideal for people who send money abroad frequently.
PayPal, on the other hand, enables instant transfers between PayPal accounts worldwide. While convenient for small and quick transfers, the fees—2% to 4% plus a fixed charge—can be higher for large amounts. Transfers can be made using credit cards or bank accounts, but recipients must also have a PayPal account.
Revolut allows users to manage multiple currencies within its app and make international transfers using real-time exchange rates, minimizing currency conversion losses. Transfer fees range from 0% to 1%, depending on the plan. It’s easy to use for smaller transfers, and Revolut users can send money to each other instantly with no fees at all. Cash withdrawals from overseas ATMs are also supported. Compared to traditional bank transfers, Revolut stands out for its speed, convenience, and mobile-first design.
3. Convenience Store International Money Transfer
In Japan, convenience store international money transfer services offer a simple way to transfer money from Japan without visiting a bank. Major options include Seven Bank and Lawson Bank, each with unique features.
Seven Bank Overseas Transfer
Seven Bank provides two main services for international transfers:
Western Union Cash Pickup – Funds can be collected at Western Union locations in approximately 200 countries.
Philippines-Specific Transfer Service – Money can be deposited directly into a bank account or electronic wallet.
Transfers can be initiated via your Seven Bank account, ATM, internet banking, or the dedicated mobile app. Recipients can receive funds in a bank account, e-wallet, or via a cash pickup network, depending on the country and transfer method.
Transfer Fees (Example for the Philippines)
¥1–10,000: ¥400
¥50,001–100,000:
Western Union: ¥1,650
BDO Unibank Service: ¥1,350
Fees are deducted directly from your Seven Bank account; cash payments are not accepted. Generally, recipient fees or intermediary fees do not apply, but exceptions may exist depending on the receiving country and method. Always confirm fees before sending.
Lawson Bank Overseas Transfer
Lawson Bank allows transfers using a card from a partnered international money transfer provider. Requirements and fees vary by provider:
SBI Remit Card: Flat fee of ¥300 (tax included), regardless of amount
Nepal via CITY EXPRESS: Flat fee of ¥200 (tax included)
Fees depend on the card used and the receiving country, so always check details before sending.
Advantages (Convenience Store Transfers)
Quick and easy transfers from a nearby convenience store
No need to visit a bank branch
Small transfers are possible
Recipients may not need a bank account
Disadvantages
Fees may be higher than bank transfers
Transferable currencies and amounts may be limited
Exchange rates may be slightly less favorable
First-time users may need to complete identity verification
Convenience store transfers are ideal for those who need quick, small, or flexible transfers without the hassle of traditional banking hours. They offer accessibility and simplicity, making them a practical choice for expatriates and residents in Japan.
4: Foreign Currency Deposit Accounts
A foreign currency deposit account is a bank account in Japan that allows you to hold deposits in foreign currencies, such as US dollars or euros. Funds in these accounts can be directly sent abroad, making them ideal for regular transfers or large-sum transactions.
Many major banks in Japan, including Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mitsubishi UFJ (MUFG), allow customers to transfer money from Japan in foreign currencies via internet banking. This gives you full control over the timing of currency exchange and transfers.
Typical Fees
Deposit into foreign currency account: Free to a few hundred yen (varies by bank)
International transfer fee: 0.1%–0.5% of the transfer amount + a fixed fee of a few thousand yen
Currency conversion fee: Around ¥1–3 per US dollar (may not apply if sending in the same foreign currency)
For example, if you deposit US dollars into a foreign currency account and send the funds directly in USD, you can avoid the costs associated with converting Japanese yen to dollars at the time of transfer.
Advantages
Control over exchange timing: Convert yen to foreign currency when rates are favorable, reducing transfer costs.
Lower currency conversion fees: Pre-exchanging funds reduces the cost of sending money abroad.
Convenient for regular or large transfers: Ideal for tuition payments, overseas business remittances, or other recurring transfers.
Online processing: Many banks allow foreign currency transfers entirely through internet banking.
Disadvantages
Account opening required: You must open a foreign currency deposit account, which involves visiting a bank branch and providing identification.
Limited currency options: Mostly major currencies (USD, EUR, AUD); minor currencies are often not supported.
Not ideal for small transfers: Fixed transfer fees can make small-sum transfers costly.
Currency fluctuation risk: Holding funds in foreign currency exposes you to exchange rate changes, which may affect the value of your assets.
Foreign currency deposit accounts are a reliable and cost-effective option for those who frequently transfer money from Japan, especially when managing large or recurring payments abroad.
Chapter 2: General Precautions When Transferring Money from Japan
When you transfer money from Japan, it is important to follow certain precautions to ensure smooth and secure transactions.
1. Submission of My Number (Individual Number)
Under Japan’s anti-money laundering regulations, you must provide your My Number when sending money abroad.
When required: At the first transfer or for transfers above a certain amount
How to submit: Bank branch, mail, or online upload
If not submitted: Transfers may be restricted or cannot be completed
2. Confirming the Purpose of the Transfer
Banks and remittance services require you to specify the purpose of your transfer to ensure it is legitimate. Common purposes include:
Supporting family living overseas
Paying tuition or study abroad expenses
Settling payments with overseas business partners
Overseas investments or asset transfers
If your purpose is unclear, additional documents such as invoices, receipts, or contracts may be requested.
3. Accurate Recipient Information
To avoid transfer errors, enter the recipient’s name, address, and bank details (SWIFT code, IBAN, etc.) accurately.
Incorrect information may result in failed transfers or refunds, sometimes with additional fees.
4. Transfer Limits and Identity Verification
Banks and transfer services set limits on the amount you can send per transaction, per day, or per year.
Verified accounts: Higher limits (e.g., over ¥1,000,000 per year)
Unverified accounts: Lower limits (e.g., up to ¥100,000 per transfer)
Convenience store or online transfers may also have different limits based on verification status.
5. Check Exchange Rates
Exchange rates applied to your transfer vary by bank or service and may fluctuate on the day of transfer.
By monitoring yen appreciation or depreciation, you can adjust the transfer timing to reduce costs.
6. Fees and Intermediary Banks
In addition to transfer fees, some transfers may incur intermediary bank fees, charged by foreign banks handling the transaction.
These fees can reduce the final amount received. To manage costs, check the fee responsibility options (SHA / OUR / BEN) before sending.
7. Transfer Duration
Transfers can take 1–5 business days, depending on the recipient country and banking system.
Holidays and time differences can also delay processing, so plan transfers in advance.
8. Fraud Prevention and Screening
Banks and remittance services monitor transfers for potential fraud or illegal activity.
Unusual amounts or frequent transfers may trigger temporary holds for review.
Chapter 3: FAQ: How to Transfer Money from Japan
Based on experience assisting clients, here are some of the most frequently asked questions about transferring money from Japan.
Q1. Can I send money abroad if I don’t have a My Number?
A1. Generally, you cannot. Residents in Japan are required to provide a My Number when sending money abroad. Short-term visitors (staying less than 90 days) may be able to use other documents, such as a passport, as an alternative.
Q2. How much money can I send abroad?
A2. Limits vary by bank or transfer service. Typically, the maximum is around ¥1,000,000 per transfer and ¥10,000,000 per year, depending on whether your account is verified.
Q3. What happens if I enter the wrong recipient information? Can I get a refund?
A3. If the transfer is still processing, it may be possible to cancel. Once completed, refunds can take time, and additional fees may apply. Always double-check recipient information before confirming a transfer.
Q4. When is the exchange rate determined?
A4. Most services apply the rate at the time of the transfer request. Some banks use the rate at the time of processing, so it’s best to confirm before sending.
Q5. Will the recipient incur fees when receiving money abroad?
A5. Yes. Receiving banks or intermediary banks may deduct fees, reducing the final amount. To avoid surprises, confirm the recipient’s bank fees in advance.
Q6. Which transfer method is the most cost-effective?
A6. It depends on the amount and frequency of your transfers. For small or one-time transfers, convenience store services (e.g., Western Union) are suitable. For regular or large transfers, foreign currency deposit accounts or bank wire transfers in foreign currency are generally more cost-efficient.
Q7. Why do overseas transfers sometimes take time for approval?
A7. Transfers are screened to prevent money laundering and fraudulent activity. If the purpose of the transfer is unclear or the amount is unusually large, banks may contact you for verification, which can delay processing.
Chapter 4: What You Need to Transfer Money from Japan?
To transfer money from Japan, certain documents and information are required to comply with Japanese regulations and ensure smooth processing.
1. Identity Verification Documents
All overseas transfers require identity verification (KYC procedures). When registering for a service or making your first transfer, you must submit one of the following documents:
My Number Card (Individual Number Card)
Driver’s License
Passport (including the address page)
Residence Card or Special Permanent Resident Certificate (for foreign nationals)
Health insurance card + utility bill (sometimes required as supplementary documents)
2. My Number
Providing your My Number is mandatory for sending money from Japan. Banks and transfer services typically require a copy of your My Number Card or Notification Card.
3. Recipient Information
Accurate recipient details are crucial. Mistakes may lead to failed transfers or refunds. Required information includes:
Recipient’s full name (in Roman letters, matching the passport)
Recipient’s address (in English)
Bank name and branch name or branch code
Account number or IBAN
SWIFT/BIC code
Destination country and currency
Additional requirements: Some countries may require a Routing Number (US) or Sort Code (UK).
4. Transfer Amount and Currency
Specify the amount to send in Japanese yen (JPY) or foreign currency. For foreign currency transfers, the applicable exchange rate at the time of transfer will apply, so checking rates beforehand is recommended.
5. Purpose of the Transfer
You must declare the purpose of your transfer. Common examples include:
Living expenses for family overseas
Tuition and study abroad expenses (tuition, rent, etc.)
Payments for goods or services abroad
Investments or overseas deposits
For unclear purposes or large amounts, additional documents such as invoices or contracts may be requested.
6. Payment of Transfer Fees
Transfers incur transfer fees and currency conversion fees.
Convenience store ATM: Pay via cash or debit card
Bank transfers: Fees are usually deducted directly from your account
7. Contact Information
Banks and transfer services may need to contact you if issues arise.
Required: Phone number and email address
Online transfers: Authentication emails or SMS codes are typically required
8. Supporting Documents (If Applicable)
For business transactions, tuition payments, or other specific purposes, you may need to provide:
Invoice
Contract
Tuition bill or enrollment certificate (for study abroad)
Chapter 5: Summary
When transferring money from Japan, choosing the right method depends on your purpose, frequency, and amount.
For small, convenient transfers, online services or convenience store options are ideal.
For large or regular transfers, bank foreign currency deposit accounts are usually the most efficient and cost-effective.
Before sending money, always check:
My Number registration
Exchange rates and transfer fees
Accuracy of recipient information
For safe and smooth international transfers, it is important to balance cost, speed, and reliability. Careful planning ensures your money reaches its destination efficiently and securely.
*This article is provided for general informational purposes only and does not constitute individual financial, tax, or legal advice. While supervised by a certified financial planner, readers are encouraged to consult banks, official government sources, or licensed financial advisors for guidance. Belonging JAPAN is not affiliated with or endorsed by any financial institution, government agency, or money transfer service mentioned. Information such as procedures, fees, regulations, and services is accurate as of October 2025 but may change; please verify details with official sources before initiating any transfer.
