How to send money to Japan
Find out how to make a money transfer to Japan with the best JPY exchange rate in a few easy steps
1. Check if the JPY exchange rate is in your favor
Although the currency market is unpredictable, it is a good idea to monitor it so that you can maximize how much the recipient will get. We recommend our users to use smart alerts to stay on top of the evolution of the mid-market.
2. Compare the 29 money transfer providers available for transfers to Japan in order to find the best provider.
Monito lists quite a few services able to send money to Japan, such as TransferWise, Western Union, MoneyGram, Currencies Direct, OFX. Picking the most competitive company from the available options is a sure way to save money.
3. Pick the best provider based on your criteria
Based on which criteria will make your choice? Price, speed of the transaction, user ratings? Balance the pros and cons before making your decision.
It is also important to pay attention to the pay-in and pay-out options. You will often find money transfer providers allowing you to pay by bank transfer, others will also accept debit and credit cards. On the other side of the transfer, you can decide if your want the converted amount to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and start your money transfer with the service you selected
Now, simply fill the sign-up form on the provider's website - be aware you will often need to give an ID document and/or a proof of adress - and set upyour transfer.