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Send money to Japan

Affordable and straightforward ways to transfer money to the Land of the Rising Sun.

The best way to send money to Japan largely depends on how much you’re sending and your payment method. Large transfers through OFX and WorldFirst are often competitive, while widely known provider like PayPal can be expensive. Wise stands out for strong exchange rates, and cash delivery is possible through Western Union and MoneyGram, among others.

Compare digital money specialists now to save money and time on your next remittance.

Send money to Japan with OFX

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

  • Better exchange rates than those offered by banks
  • Lower fees than those charged by banks and other services (free when you transfer over SGD 10,000)
  • Quick turnaround time
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Compare international money transfers

Quickly compare what your transfer to Japan could cost with our comparison table by entering the amount you want to send and clicking Calculate.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 1 1 day SGD 31.00 81.742 JPY
406,175
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 2,000 1 day SGD 0.00 80.924 JPY
404,622
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 0 Same day SGD 4.99 80.843 JPY
403,810
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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SGD 1 1 - 2 days SGD 45.00 81.742 JPY
405,030
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 250 1 day SGD 0.00 80.924 JPY
404,622
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Japan?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Japan. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like OFX specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Japanese bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Japan — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

Japanese yen are a popular currency, so your local bank may be able to exchange them. If your bank supports Japanse yen, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Japan.

Let’s crunch the numbers: Sending $1,000 to Japan

Let’s say you need to send $1,000 to family in Japan. Here’s what you might face as far as fees and exchange rates as of 27 September 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$5$25 + additional correspondent bank fees
Exchange rate1 SGD = 75.855 JPY1 SGD = 69.615 JPY1 SGD = 75.798 JPY
Transfer speed1-2 daySame day2-5 days
Amount receivedJPY 75,855JPY 69,266JPY 73,903
Verdict
  • Best value
  • Fastest but most expensive
  • Slowest

In this case, the cash transfer option ends up sending the smallest amount of money to your recipient in Japan due to its uncompetitive exchange rate. If you go with the digital money transfer service, your recipient ends up with JPY 6,589 more than what is offered by the cash transfer provider. But if speed is crucial, or your recipient wants to pick up cash, a cash transfer can typically have your transfer to Japan in as little as an hour. Confirm there is a cash pickup location near your recipient before sending.

How to send money to Japan online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Japanese bank account information.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Japan. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Japan

  • Bank transfers. Many major Singapore banks will allow you to send money to Japan.
  • Money transfer providers. Providers like OFX and Wise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Singapore to Japan.
  • Cheques. Although not a quick option, you could obtain an international cheque from your bank and send it overseas.
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How to get the most out of your money transfer to Japan

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Japan to best meet your needs:

  • Exchange rates. The SGD-JPY relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the Japanese yen rises against the Singapore dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger SGD-JPY exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Japanese yen you’re sending to Japan.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Japan.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Japanese bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Japan

When urgency trumps cost to get your money to Japan quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Japan without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Japan’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Japan’s exchange rate is flexible compared to the Singapore dollar, but the SGD-JPY relationship typically doesn’t make sharp, drastic movements. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the Japanese yen trades against the Singapore dollar in our historical rate chart.

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Updated: 06 May 2021 18:43:26 UTC

Documents needed for sending to and receiving money in Japan

To send money to Japan from Singapore, you’ll need government-issued ID and other documents, while documents needed to pick up money in Japan may differ by company.

Documents to send money from Singapore

To send money from Singapore to Japan, you’ll need documentation and details that include:

  • Identification. Most services require your NRIC, a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Japanese bank account information.

Documents to receive money in Japan

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Japanese Passport, Japanese ID or similar official ID may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Japan shouldn’t cost a fortune. Compare money transfer companies that specialise in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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