LOGIN or JOIN
information for global expats



Money Transfers for Expats in Japan

Submitted: March 2014

There are no legal restrictions on capital flows to and from Japan.

The easiest way to transfer money is to have an account in Japan opened, and then to proceed with an international wire transfer.

Opening an account in Japan can take some time though, as you would need to first obtain a resident card from your municipal office, as well as proof of address. As the Japanese frequently make their payments with hard cash, failure to have a Japanese current account will not necessarily be detrimental. The problem is, making withdrawals in Japan from your overseas current account will likely cost something.

 

Fees

You can generally transfer money free of charge and without restriction to another Japanese account, but it’s worth checking with your bank. Further to this, ATM charges may (or may not) apply.

Your bank is likely to charge you for international transfers, although fees may vary. You might wish to check the applicable charges and restrictions at your Japanese bank.

Alternatively, you can use the services of a money transfer company. To save money, you can also use a price comparison website specialised in money transfers.

Typically, your charges are largely passed on to the applicable foreign exchange rate. See Foreign Exchange for Expats in Japan.

 

Cash control rules

There are no restrictions as to the amount of cash you can bring to, or take from, Japan. However, you must make a declaration to Japan Customs if you carry at least ¥1m (or currency equivalent) worth of cash when you cross the Japanese border. This is decreased to ¥100,000 for cross-border flows to or from North Korea.

Cash transfers include banknotes and coins, cheques (including travellers’ cheques), promissory notes, securities, and gold in excess of 1kg. International bank transfers are not within the scope of cash control rules.

 

Contribute

We value input from our readers. If you spot an error on this page or have any suggestions, please let us know.

 

Moving to Japan

If you are considering moving to Japan or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Japanese section including; details of immigration and visas, Japanese forums, Japanese event listings and service providers in Japan.

picture1 Read More

Living in Japan

From your safety to shoppingliving in Japan can yield great benefits as well as occasional drawbacks.  Find your feet and stay abreast of the latest developments affecting expats in Japan with relevant news and up-to-date information.

picture1 Read More

Working in Japan

Working in Japan can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Find out about visas and passports, owning and operating a company in Japan, and general Japanese culture of the labour market.

picture1 Read More


 
 
 
 

Information

About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2017. All rights reserved.

The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited.