How to Make a Bank Transfer in Japan
Understanding Japan’s Bank Transfer System (Furikomi)
In Japan, domestic bank transfers are handled differently compared to international SWIFT systems. Instead of using IBAN or SWIFT codes, you simply need:
- Bank name (銀行名)
- Branch name (支店名)
- Account type (普通 - savings / 当座 - current)
- Account number
- Account holder's name (in katakana)
This transfer method, known as Furikomi (振込), usually processes same-day if done before 3:00 PM on weekdays.
Important
Furikomi is for domestic transfers only. International transfers require using the SWIFT system.
How to Make a Domestic Bank Transfer (Furikomi)
a) Using Your Bank’s Online Application
Most banks in Japan offer mobile apps and online banking. Simply log in, choose "振込 (Transfer)," and follow the instructions. Fees typically range between 100–500 yen.
b) Using Your Bank’s ATM
Insert your card, select "振込," enter the recipient’s details, and confirm. Many ATMs at major banks like MUFG, SMBC, and Resona offer English menus.
c) Using Another Bank’s ATM (If Available)
Some ATMs, like those from Resona Bank, allow you to transfer even without an account. However, not all banks provide this service, so always check the screen carefully.
How to Make an International Transfer to Japan (SWIFT System)
When sending money from abroad to Japan, the SWIFT network is used. You will need:
- Bank Name (e.g., MUFG, Mizuho)
- Branch Name
- Branch Address (optional)
- Account Number
- Account Holder’s Name (Roman letters)
- SWIFT/BIC Code (e.g., BOTKJPJT for MUFG)
International transfer fees usually range from 2,500 to 5,000 yen, and Japanese banks may also charge a small receiving fee (about 1,500–2,500 yen).
Expert Tip
Double-check the SWIFT code and the spelling of the account holder’s name. Even small errors can delay or cancel your transfer.
Quick Tips for International Transfers
- Double-check the SWIFT code — Mistakes can cause delays or cancellations.
- Transfers typically take 1–5 business days depending on the banks involved.
- Prepare to fill a "Purpose of Remittance" form (送金目的) if required.
- Ensure the account holder's name matches exactly — spelling, spacing, and order matter.
Save Money on International Transfers
Using a service like Wise (formerly TransferWise) is a smart way to save on international transfers.
Wise can send money directly into the Japanese furikomi system, helping you avoid expensive SWIFT fees and letting you only pay for currency conversion at a competitive rate.
Example
Instead of paying 5,000 yen in international fees, Wise charges a small transparent fee plus the real exchange rate.
