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Frequently Asked Questions
The main methods include domestic bank transfers, international SWIFT transfers, online payment systems (e.g., PayPal, Wise), as well as specialized money transfer services (e.g., Western Union).
Fees depend on the transfer method. International SWIFT transfers often come with high fixed fees, especially when sent through banks. Currency exchange at airports and major exchange offices in Japan may also be less favorable due to hidden charges. Online services like Wise and domestic bank transfers may offer lower fees and better exchange rates for sending money to Japan.
The exchange rate depends on the service you use and may vary. Banks, exchange offices, and online platforms set their own rates. It’s recommended to check the current rate before making a transfer to avoid additional costs when exchanging currency in Japan.
Timeframes depend on the transfer method. International SWIFT bank transfers usually take 2–5 business days. Domestic bank transfers in Japan are processed instantly. Online services can send funds within a few hours.
Yes, limits may depend on local regulations and bank policies. International transfers are subject to currency control rules, and limits can vary based on the sending country, transfer type, and service. It’s best to confirm the limits before sending a transfer.
Most services allow tracking via their website or mobile app. For bank transfers, including international SWIFT transactions, it’s best to contact your bank to check the payment status.
Yes, depending on the transfer amount and method, you may need to verify your identity or state the purpose of the payment. Banks and financial services may require you to complete forms or submit additional documents.
Use only trusted and licensed services. Double-check recipient details, avoid suspicious offers, and be cautious when sending to unfamiliar accounts. If an offer seems too good to be true, it could be a scam.