How to Send Money from Japan with Wise
Answer Box
Wise overview: Mid-market exchange rate with transparent fees (typically 0.5-1.5%). Send from Japan via bank transfer or debit card. Arrives in 1-2 business days for most countries. Annual limit: 1 million yen per transfer (My Number required).
How Wise Works
| Feature | Details |
|---|---|
| Exchange Rate | Mid-market (real) rate |
| Fee | 0.5–1.5% depending on route |
| Transfer Speed | 1–2 business days (most routes) |
| Payment Methods | Bank transfer, debit card |
| Per-Transfer Limit | 1,000,000 yen |
| ID Required | Residence Card + My Number |
Step-by-Step Setup
Step 1: Create Account
Sign up at wise.com or the Wise app. Select Japan as your country of residence.
Step 2: Verify Identity
Upload your Residence Card (front and back) and provide your My Number. Verification typically takes 1-2 business days.
Step 3: Add Recipient
Enter recipient's bank details (account number, SWIFT/BIC code, or local routing). Wise shows the exact fee and delivery estimate before you confirm.
Step 4: Fund the Transfer
Pay via Japanese bank transfer (cheapest) or debit card. Wise provides bank details for a domestic JPY transfer — fast and low cost.
Wise vs Banks: Cost Comparison
| Method | Fee (100,000 yen to USD) | Exchange Rate Markup |
|---|---|---|
| Wise | ~750 yen | 0% (mid-market) |
| Major Bank | 3,000–7,500 yen | 1–3% markup |
| Post Office | 2,500 yen | 1–2% markup |
Q: Is Wise legal to use in Japan?
Yes. Wise is registered as a fund transfer service provider with Japan's Kanto Financial Bureau. It is fully legal and regulated.
Q: Do I need to report Wise transfers for tax?
Transfers themselves are not taxable, but if you send more than 1 million yen in a single transaction, your bank may file a report. Large overseas assets must be reported on your tax return.
※ This article is for informational purposes only. Fees and rates fluctuate. Check wise.com for current pricing.
