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Sending money from JAPAN to CHINA

Data collected on: Jul 31, 2020
JPY | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (JPY)sort descendingTotal cost (USD)sort descending
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
1.951.95
Total cost (JPY)sort descendingTotal cost (USD)sort descending
331.503.90
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.59
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.73
Total cost (%)
4.024.02
Total cost (JPY)sort descendingTotal cost (USD)sort descending
683.408.04
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.59
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
4.254.25
Total cost (JPY)sort descendingTotal cost (USD)sort descending
722.508.50
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.59
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
4.254.25
Total cost (JPY)sort descendingTotal cost (USD)sort descending
722.508.50
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.82
Exchange rate margin (%)
0.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.69
Total cost (%)
5.105.10
Total cost (JPY)sort descendingTotal cost (USD)sort descending
867.0010.20
Firm
Brastel Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
880.0010.35
Exchange rate margin (%)
1.48
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.48
Total cost (%)
6.656.65
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,130.5013.30
Firm
SBI remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.82
Exchange rate margin (%)
2.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.65
Total cost (%)
7.077.07
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,201.9014.14
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.82
Exchange rate margin (%)
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.015.91
Total cost (%)
10.3210.32
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,754.4020.64
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1,500.0017.65
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
10.7810.78
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,832.6021.56
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,500.0017.65
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.55
Total cost (%)
11.3711.37
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,932.9022.74
Firm
Seven Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
1,500.0017.65
Exchange rate margin (%)
2.59
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.59
Total cost (%)
11.4211.42
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,941.4022.84
Firm
JRF
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1,450.0017.06
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.00
Total cost (%)
11.5311.53
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,960.1023.06
Firm
GoRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2,000.0023.53
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.06
Total cost (%)
12.8212.82
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,179.4025.64
Firm
GoRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2,000.0023.53
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.30
Total cost (%)
13.0713.07
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,221.9026.14
Firm
Queen Bee Capital
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
980.0011.53
Exchange rate margin (%)
9.55
Percentage difference between market reference rate 0.07 and exchange rate charged 0.069.55
Total cost (%)
15.3215.32
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,604.4030.64
Firm
Japan Post Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3,000.0035.29
Exchange rate margin (%)
1.93
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.93
Total cost (%)
19.5819.58
Total cost (JPY)sort descendingTotal cost (USD)sort descending
3,328.6039.16
Firm
Japan Post Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7,500.0088.24
Exchange rate margin (%)
1.93
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.93
Total cost (%)
46.0546.05
Total cost (JPY)sort descendingTotal cost (USD)sort descending
7,828.5092.10
Total Average Third Quarter
11.5011.50
Total Average Second Quarter
11.3811.38
Total Average
Fee
1,513.5317.81
Exchange Rate Margin (%)
2.602.60
Total Cost Percent (%)
11.5011.50
Total Cost (JPY) Total Cost (USD)
1,955.5023.01
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (JPY)sort descendingTotal cost (USD)sort descending
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
1.951.95
Total cost (JPY)sort descendingTotal cost (USD)sort descending
819.009.75
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.93
Exchange rate margin (%)
0.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.69
Total cost (%)
2.472.47
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,037.4012.35
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.64
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.73
Total cost (%)
2.662.66
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,117.2013.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.64
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
2.882.88
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,209.6014.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
390.004.64
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
2.882.88
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,209.6014.40
Firm
SBI remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.93
Exchange rate margin (%)
2.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.65
Total cost (%)
4.444.44
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,864.8022.20
Firm
Brastel Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1,480.0017.62
Exchange rate margin (%)
1.48
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.48
Total cost (%)
5.005.00
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,100.0025.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1,500.0017.86
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.95
Total cost (%)
5.525.52
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,318.4027.60
Firm
GoRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2,000.0023.81
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.06
Total cost (%)
5.825.82
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,444.4029.10
Firm
GoRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2,000.0023.81
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.30
Total cost (%)
6.076.07
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,549.4030.35
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,500.0017.86
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.55
Total cost (%)
6.126.12
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,570.4030.60
Firm
Seven Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
1,500.0017.86
Exchange rate margin (%)
2.59
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.59
Total cost (%)
6.176.17
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,591.4030.85
Firm
JRF
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1,450.0017.26
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.00
Total cost (%)
6.456.45
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,709.0032.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
750.008.93
Exchange rate margin (%)
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.015.91
Total cost (%)
7.707.70
Total cost (JPY)sort descendingTotal cost (USD)sort descending
3,234.0038.50
Firm
Japan Post Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3,000.0035.71
Exchange rate margin (%)
1.93
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.93
Total cost (%)
9.079.07
Total cost (JPY)sort descendingTotal cost (USD)sort descending
3,809.4045.35
Firm
Queen Bee Capital
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,480.0017.62
Exchange rate margin (%)
9.55
Percentage difference between market reference rate 0.07 and exchange rate charged 0.069.55
Total cost (%)
13.0813.08
Total cost (JPY)sort descendingTotal cost (USD)sort descending
5,493.6065.40
Firm
Japan Post Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7,500.0089.29
Exchange rate margin (%)
1.93
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.93
Total cost (%)
19.7919.79
Total cost (JPY)sort descendingTotal cost (USD)sort descending
8,311.8098.95
Total Average Third Quarter
6.366.36
Total Average Second Quarter
5.945.94
Total Average
Fee
1,578.2418.79
Exchange Rate Margin (%)
2.602.60
Total Cost Percent (%)
6.366.36
Total Cost (JPY) Total Cost (USD)
2,669.9631.79
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
Least Costly Corridors To China
Least Costly Corridors From Japan
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