How to Send Money to Japan from Canada?

Last Updated: 11 May 2024

Japan is a sought-after Asian destination for international money transfers. Explore the optimal method to send money to Japan from Canada today.

When it comes to transferring funds across borders, the process can often seem daunting and complex. At MTFX, we understand the importance of secure and efficient money transfers. That's why we've crafted this guide to empower you with the information you need to confidently navigate this process. Whether you're sending money for personal reasons, business transactions, or any other purpose, we've got you covered.

With MTFX as your partner, you can expect competitive exchange rates, minimal fees, and a seamless experience. Our commitment to excellence extends to every aspect of your transaction. From understanding currency conversion rates to ensuring your funds reach their destination promptly, we're here to make your cross-border money transfers hassle-free.

How to transfer money to a Japanese bank account?

To transfer money to Japan, you need to register for an MTFX business account. This gives you access to the online dealing platform where you can send 100+ currencies to 140+ countries worldwide. MTFX payment portal enables you to simplify and streamline your payments on your smart device from any location around the clock in Canada. 

What is the best way to send money to Japan?

The best way to transfer money to Japan should be secure, fast, and cost-effective. In this regard, the award goes to foreign exchange specialists like MTFX, which provides a competitive CAD/JPY exchange rate. The alternative option of sending money via high-end banks isn't practical due to their hefty fees and slow transfer times.

With MTFX, you'll enjoy a more competitive exchange rate, outperforming banks by 3–5%. Additionally, there's enhanced protection from currency fluctuations as MTFX passes on savings derived from high-volume currency exchanges. You can conveniently move your money to Japan anytime, anywhere through the secure 24/7 online platform. Moreover, your beneficiaries will receive the funds on the same day or within 48 hours, saving you time and money in one efficient move.

What is a good JPY/CAD exchange rate for sending money?

The CAD/JPY exchange rate is an essential factor to consider when sending money to Japan. If the exchange rate isn’t optimal, you’ll get less for your Canadian dollars. For instance, if the exchange rate is lower by 3 cents, you forfeit 1–3% when you pay supplier invoices or vendor payments.

Suppose you choose a provider with an exchange rate that’s 5 cents lower, your losses surge to 5%. That’s a small fortune that deserves to remain in your pocket. So, if you have been putting up with high exchange rates, it’s time to go into money-saving mode with MTFX. 

Need to keep your fingers on the pulse of the JPY/CAD trend? View the live rate and get the opportunity to lock in a favorable rate before you transfer money to a Japanese bank.

Who can use MTFX to send money to Japan? 

MTFX online accounts are available to individuals and companies that need to send money to Japan. Here are the top reasons why people send money to Japan;

Individuals

  • Purchasing a home or property .
  • Transferring money to Japan for investment purposes. 
  • Sending money to Japan if you’re relocating there.  
     

Companies

  • Paying invoices from suppliers in Japan. 
  • Making investments or payments in Japan. 
  • Purchasing goods and services in Japan. 
  • Paying royalties or wages. 

What bank details are needed to transfer money to Japan?

To send money from Canada to Japan, you will need;

  • Beneficiary's name
  • Beneficiary's account number
  • Beneficiary's address
  • Bank's name
  • Bank's address
  • Bank's Swift code
  • Reason(s) for transfer 

Make sure to provide all the necessary information to ensure a smooth transaction.

Can I set up a regular money transfer to Japan?

Once your business account is established with MTFX, you can effortlessly schedule money transfers to Japan. Our platform employs state-of-the-art automation technology to simplify your payments, providing accessibility from anywhere, at any time, while guaranteeing secure and prompt transaction processing.  
 

Send money to Japan today

As an industry-leading provider of currency exchange solutions and FX global payments, MFTX makes your life easier with;

  • Superior rates compared to those offered by traditional banks.
  • Business support tools like currency history charts. 
  • Rapid turnaround times, typically ranging from 24 to 48 hours. 
  • Expert guidance from foreign exchange specialists.

MTFX is equipped to address both your business and personal international transfer requirements on every occasion. Don't hesitate—register your MTFX account now and initiate your money transfer to Japan today. 
 

FAQs

How to transfer money to Japan from Canada?

To transfer money to Japan with MTFX, follow these steps;

  • Create an account with MTFX.
  • Select the transfer amount and currency.
  • Provide the recipient's information.
  • Track the transfer status in real time through updates in your account.  
     

How long does it take to wire money to Japan?

At MTFX, most wire transfers to Japan are delivered to the beneficiary within 24-48 hours, making it the fastest way to send money to Japan.

How much does it cost to transfer money to Japan?

Transfer money abroad with MTFX for as little as $15 in fees. Moreover, transactions over $10,000 come with no additional charges, making MTFX much more economical than banks, which may charge up to $50 for the same service.

Is it safe to send money to Japan from Canada online?

MTFX is proudly registered and regulated by FINTRAC, assuring you of top-tier security as you send money from Canada to Japan.

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