Send money to Japan

By Mozo ·

Imagine being able to convert Australian dollars to yen then transfer it to any bank account in Japan, any time of day or night? Well thanks to online international money transfer agents, you can do just that.

If you are travelling to Japan for a holiday, this section isn’t for you. Head on over to our travel money section to find great deals on travel money cards and read up on tips for money-savvy overseas travel.

Compare money transfer providers for Japan

You can compare a wide range of international money transfer providers that transfer Aussie dollars (and other currencies) to Japanese Yen right here on Mozo. Rates are updated hourly.

FAQs for transferring money to Japan

How safe is making an International Money Transfer online?

Very safe. Providing you have already downloaded the right protective software for when inputting sensitive information for any transaction you make online, then you can go full steam ahead and transfer as little or as much as you like!

Prying eyes find it extremely difficult when your online transaction is encrypted with the latest online technologies and software, so make sure your computer is up to speed with the latest protection before making any transactions or transfers.

I want to transfer money to Japan online. How do I do it?

You’ll be surprised at how straightforward it actually is. Think of your own personal bank account. When you want to pay a bill via BPAY or pay someone’s personal account, you need integral information to help identify the third party. Much like an IMT.

Important information and numbers you need before making an IMT include:

  • SWIFT or BIC code
  • IBAN number
  • Receiver's full name
  • Receiver's residential or business address.

It’s a good idea to have this information handy before making your transfer in order for it to be a smooth transaction. Keep in mind, an IMT or an International Money Transfer is when you transfer money from one account to another, and does not include cheque, cash or travellers cheques into an account.

Do you genuinely know the person you’re sending money to? You should always know the person or third party before wiring yen to them, hopefully saving you from online scams.

Who are money transfer agents?

If they're in the money game, chances are they’ve got their green hands safely in the IMT pot. You can use one of the following finance providers or money transfer agents to convert Australian dollars to yen and transfer them to whoever you like in the Japan:


Have you noticed that banks want to offer the world in one convenient place? They do very well to offer every product and service available in the land of money, but can they pull through with the goods? As banks often offer more than they can chew, their end delivery may be limited. You’re better off going to a transfer money agent that specialises in IMT a little more, saving you money on fees in the long run too.

Pros: Trusting and familiar names with generally good reputations.

Cons: Sometimes limited time and knowledge to do what you want them to. If they have a dedicated IMT service team available, then you’re in luck! But the conversion charges and fees still may be higher than competitive alternatives.

Foreign Exchange Specialist

Also known as Specialist FX are international money transfer experts that you can almost always rely on. They’re likely to be cheaper than banks and faster with their delivery. IMT and foreign exchange providers like TorFX, and OFX offer a safe and fast online method of converting dollars to yen, while allowing you to transfer in the simplest way. Compare providers here.

Pros: Safe and fast, competitive international money transfer.

Cons: Always double check there are no hidden fees before making an IMT transfer.

What happens when you transfer money to the Japan?

  • Decide on how much money you will transfer
  • Provide your ID to transfer money
  • A fee may be charged to handle the transfer
  • A percentage of the amount transferred may be charged on top as an additional fee
  • A SWIFT code may be required to identify your recipient’s bank location in the Japan
  • Recipient will need to provide ID to receive money
  • Money should be received from 1-3 days.

I only need to make a one off transfer to Japan, what are my options?

Whether you make regular or one-off IMT you’ll want to get the best exchange rate with the lowest fees. Most IMT providers don’t charge account keeping fees. You set up an account, transfer money in and out to/from your regular banking account.

Aren’t all international money transfers the same? What should I look out for?

Yes and no. Yes your money will be transferred eventually, but not with the same service and fees attached. Theses are just some of the things you need to look out for. Let’s explore these further:

  • Limits: There are IMT offers out there with no minimums which means you transfer as little as you like. Then there are agents that have medium to high minimums, which could be anywhere from $200 - 1000. You need to weigh up not only minimum requirements or maximum transfer amounts for Japan, but also everything else like rates, transfer speed etc.
  • Rates: Everyone cares about the conversion rates they’ll get charged. Mozo’s tool helps you to compare rates easily.
  • Transfer speed: This could be anywhere from immediate transfer to 5 days before reaching the destination. If you're yen needs to land in Japan asap, then you need to ask your IMT agent the question: how long will it take?
  • Fees: Each financial institution, bank or IMT agent will have a different fee structure and conversion rate for the currency you want to transfer your Australian dollars over. In this instance it’s in Yen. It’s not a standardised industry so there’s not one set fee or rate charged for an IMT. Look around and secure a rate and fee that best works for you.
  • Online vs phone or in person: Question is, do you want convenience? Then you’re best option is for an online IMT. It’s equally safe and the money you send may even transfer faster than it would any other way. Not only do you save on looking for a parking spot, but you can transfer from the comfort of your own home 24/7.

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone?

Working this out first, will determine your best next steps.

  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?

Whichever way you choose to transfer money to the Japan, some crucial bits of information you’ll need for a successful transfer include:

  • Full name and address of the recipient’s bank
  • Recipient's name, address and account name
  • Account number or International Bank Account Number (IBAN)
  • SWIFT/BIC code of your personal account you're transferring funds from
  • Amount you would like to send.

IMT must-know terminology

BIC - Bank Identification Code

SWIFT - Society for Worldwide Interbank Financial Telecommunication

IBAN - International bank account number

Recipient - The person or party who receives the money being transferred

IMT - International money transfer

IMO - International money order.