Coinepay | How to Send Money to Japan: Step-by-Step Guide

Coinepay Global Remittance lets you send money to Japan from your verified account, with the exchange rate and fees shown clearly before you confirm. This guide walks through what the sender needs, the payout methods you can choose for Japan, and what to do if something goes wrong.

Before you start

You need a Coinepay account with identity verification (KYC) completed. All transfers are subject to identity verification, sanctions screening and local regulations, so screening applies to both you and your recipient. Coinepay may ask you to confirm the purpose of the transfer or the source of your funds, and may request supporting documents.

If you do not have an account yet, register with Coinepay and finish verification first. You can manage everything from the 24/7 dashboard or the mobile app (iOS and Google Play).

The local currency and what to collect from your recipient

Japan's local currency is the Japanese yen (JPY). Before you send, gather the recipient's details accurately. The exact fields depend on the payout method, but in general you will need the recipient's full legal name exactly as held by their bank or payout provider.

Bank deposit to a Japanese account

For a domestic bank-account payout, collect the recipient's account name (Japanese accounts usually hold this in katakana), the bank and branch name or codes, the account type, and the account number, which is typically seven digits. For transfers routed internationally over SWIFT, you will usually provide the recipient's name in Latin characters, the receiving bank's SWIFT/BIC, and the account number, plus any branch and address details the bank requires.

Note that Japanese bank accounts do not use IBAN or a US-style ABA routing number. For example, MUFG describes its incoming-transfer account format as a three-digit branch number followed by a seven-digit account number. Codes used in other countries, such as IFSC or CLABE, are not used for Japanese accounts, so rely on the receiving bank's own account and SWIFT instructions.

Japan Post Bank is a special case. For incoming international transfers it asks for both the five-digit kigō and the up-to-eight-digit bangō — supplying only one can cause the transfer to be returned. Japan Post Bank also accepts incoming overseas-bank remittances in USD or EUR (not JPY) through specified intermediary banks, then credits the account in yen. Always confirm the exact format and accepted currency with the recipient's bank before you send.

Cash pickup

Cash pickup is available in Japan through participating providers. For this option, enter the recipient's full legal name exactly as it appears on the government-issued photo ID they will present to collect the funds. Make sure the name matches precisely, since a mismatch can prevent payout.

Mobile wallets

Coinepay supports mobile-wallet payouts in many markets. Availability for a specific destination can change, so when you select Japan, the app will show the payout methods that are currently available for that country. If a mobile-wallet option appears, follow the on-screen prompts for the wallet details required; otherwise choose bank deposit or cash pickup.

Step by step: sending the transfer

Open Coinepay and start a new transfer. In the dashboard or app, choose Global Remittance and select Japan as the destination.
Choose the payout method. Pick bank deposit, cash pickup, or any wallet option shown for Japan. The fields you need to complete change based on this choice.
Enter the recipient and amount. Add the recipient's full legal name and the payout details you collected. Select the currency and enter the amount to send.
Review the rate and fees. Coinepay shows the exchange rate and fees clearly before you confirm. Check the amount your recipient will receive in JPY and the details on screen.
Confirm. Complete any verification steps and submit. If Coinepay needs more information about the purpose or source of funds, provide it so the transfer is not held up.
Track the status. Every transfer has status tracking in the dashboard and app. Follow it from submission through to payout, and keep your receipt.

Recipient-side considerations in Japan

Some Japanese banks may ask the recipient for their My Number (individual) or corporate number for a foreign-remittance transaction; MUFG, for instance, asks customers who have not supplied it to do so beforehand. It is worth letting your recipient know in advance.

There are also local reporting rules that are the bank's or recipient's responsibility, not a cap on what you can send. Japanese financial institutions report overseas remittances received above ¥1 million to the tax authorities. A resident–nonresident payment or receipt exceeding the equivalent of ¥30 million generally triggers a foreign-exchange payment report, subject to exemptions. And if the money is a taxable gift, gift-tax rules may apply; under calendar-year taxation the basic exemption is ¥1.1 million in total gifts received during the year, not per transfer. These are general points — your recipient should check their own situation with their bank or a tax adviser.

Troubleshooting

Wrong recipient details

An incorrect account name, account number, or registered address can stop the receiving bank from identifying or crediting the account. Double-check every field before confirming, and for Japan Post Bank make sure both the kigō and bangō are included. An incorrect SWIFT/BIC or an unavailable correspondent-bank route can cause delays, extra intermediary charges, or a return with charges deducted.

Currency and intermediary mismatches

Missing or incompatible currency or intermediary-bank instructions can prevent a transfer from reaching a particular bank. For accounts that only accept certain currencies (such as Japan Post Bank's USD/EUR requirement), confirm the bank's requirements before you send.

Compliance review

Transfers may be reviewed for purpose and source of funds, which can require documents and delay the credit. Japan Post Bank notes that some reviews can take more than a month. Respond promptly to any request from Coinepay or the receiving bank — failing to answer an inquiry, incomplete account verification, or an ineligible account can lead to non-credit or a return.

Delays or returned transfers

If your transfer is delayed, check the status in the app first. If it has been returned or you entered details incorrectly, contact Coinepay support with your transfer reference. You can also reach the team via Telegram.

Important limits on service

Coinepay screens all customers and counterparties against sanctions lists and does not serve sanctioned persons or residents of jurisdictions under comprehensive sanctions. Some services are not available in every jurisdiction. If you are unsure whether your transfer can proceed, confirm in the app or with support before sending.

Ready to send? Open the Coinepay app or dashboard, select Japan, and review the rate before you confirm.

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FAQ

What details do I need to send money to a Japanese bank account?

You generally need the recipient's full legal name (often in katakana for the account name), the bank and branch name or codes, the account type, and the account number (usually seven digits). For SWIFT transfers you also need the receiving bank's SWIFT/BIC and the name in Latin characters. Japanese accounts do not use IBAN or ABA routing numbers.

Can I send money to a Japan Post Bank account?

Yes, but Japan Post Bank is a special case. For incoming international transfers it needs both the five-digit kigō and the up-to-eight-digit bangō, and it accepts overseas remittances in USD or EUR through specified intermediary banks before crediting in yen. Confirm the exact format with your recipient to avoid a return.

What payout methods does Coinepay offer for Japan?

When you select Japan, the app shows the payout methods currently available, which commonly include bank deposit to a Japanese account and cash pickup through participating providers. Choose the method on screen and complete the fields it requires.

How much are the fees and what exchange rate will I get?

Coinepay shows the exchange rate and fees clearly before you confirm each transfer, so you can review the exact amount your recipient receives in JPY. Rates and fees are displayed in the app at the time of your transfer rather than fixed here.

Why might my transfer to Japan be delayed or returned?

Common causes include incorrect account name or number, a wrong SWIFT/BIC, missing currency or intermediary-bank instructions, or a compliance review of the purpose or source of funds. Respond quickly to any request for information, and contact Coinepay support with your reference if a transfer is returned.

How to Send Money to Japan: Step-by-Step Guide