In this article, you'll discover whether Remitly operates in Japan, explore some potential drawbacks if it is available, and consider various possibilities for using the service. Stay tuned to find out more.
Does Remitly Work In Japan?
Remitly is available in Japan for receiving money sent from the United States. The service partners with a wide range of banks and financial institutions across Japan, ensuring that recipients have multiple options for receiving their funds. This includes well-known banks such as Aeon Bank, Aichi Bank, and Citibank, among others.
Users can choose between different delivery methods, including cash pickup and bank deposit, making it convenient for recipients. Remitly guarantees delivery times and offers competitive rates with no hidden fees, providing a reliable option for those looking to send money to Japan.
Fees and Charges for Using Remitly in Japan
Here are some general costs that users might encounter when using Remitly in Japan:
- Transaction Fees: These are the fees charged for processing the money transfer. New customers can enjoy no fees on their first transfer.
- Currency Conversion Fees: These fees are associated with converting the currency from USD to JPY. Promotional exchange rates may apply for new customers.
- Withdrawal Fees: These fees may be charged when the recipient withdraws the money from their bank account or picks up cash.
Is Remitly the Best Option in Japan?
Even though Remitly is available in Japan, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- Promotional FX rate limit: Only applies to the first $2,000 sent by new customers.
- Transaction fees: Fees can vary based on the amount and delivery method chosen.
- Currency conversion fees: Additional costs may apply when converting USD to JPY.
- Withdrawal fees: Charges may be incurred when recipients withdraw funds from their bank.
- Delivery times: Guaranteed delivery times may not always be met due to unforeseen delays.
Alternatives to Remitly in Japan
1) OneSafe
OneSafe is a leading alternative payment solution in Japan, offering a seamless blend of traditional and Web3 financial services. With features like simple onboarding, lower fees, and exceptional customer support, OneSafe ensures streamlined financial operations for businesses. Its user-friendly interface and multi-currency support make it a superior choice.
OneSafe Reviews
Users have praised OneSafe for its comprehensive banking features, including ACH, Crypto, Wire deposits, and Virtual cards. They appreciate the company's support for a wide range of businesses, making it a versatile choice for many. OneSafe is often described as the best bank users have experienced, highlighting its user-friendly services and robust financial solutions.
2) Wise
Wise is a viable alternative payment solution in Japan, offering key features such as multi-currency accounts, international money transfers, and a Wise debit card. Benefits include low fees, transparent exchange rates, and fast transfer times, making it a convenient and cost-effective option for managing international transactions.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 87 reviews. Users generally mention issues with government restrictions in some countries and problems with money transfers being returned without notification. Check out more Wise reviews here.
3) Paypal
PayPal offers a robust alternative payment solution in Japan, featuring secure, encrypted transactions and a variety of payment options, including interest-free installments. Users can send and receive money globally, manage finances efficiently, and benefit from cashback rewards and special offers, making it a versatile and reliable choice.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 based on user reviews. Users generally mention high transaction fees and issues with customer support. Check out more PayPal reviews here.
Frequently Asked Questions about Remitly in Japan
Can I send money to Japan using Remitly?
Yes, Remitly allows you to send money to Japan from various countries, including the United States.
What are the delivery options available with Remitly in Japan?
Remitly offers cash pickup and bank deposit options for recipients in Japan.
Are there any fees for using Remitly in Japan?
Yes, transaction, currency conversion, and withdrawal fees may apply when using Remitly in Japan.
How long does it take for money to be delivered?
Delivery times vary but are generally guaranteed. However, unforeseen delays can occur.
Is there a limit on the amount I can send?
Yes, Remitly has limits on the amount you can send, which may vary by country.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Japan is crucial for seamless financial operations. While Remitly offers reliable services, exploring alternatives like OneSafe can provide additional benefits such as lower fees and multi-currency support. Start your journey with OneSafe today and experience superior financial solutions. Signup now!
