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Sending money from JAPAN to CHINA

Data collected on: May 10, 2019
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
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
490.005.76
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.84
Total cost (%)
3.723.72
Total cost (JPY)sort descendingTotal cost (USD)sort descending
632.407.44
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
490.005.76
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.10
Total cost (%)
3.983.98
Total cost (JPY)sort descendingTotal cost (USD)sort descending
676.607.96
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
880.0010.35
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.10
Total cost (%)
6.286.28
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,067.6012.56
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
880.0010.35
Exchange rate margin (%)
1.63
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.63
Total cost (%)
6.816.81
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,157.7013.62
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 (%)
1.94
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.94
Total cost (%)
7.117.11
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,208.7014.22
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
880.0010.35
Exchange rate margin (%)
2.59
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.59
Total cost (%)
7.777.77
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,320.9015.54
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
880.0010.35
Exchange rate margin (%)
2.61
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.61
Total cost (%)
7.787.78
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,322.6015.56
Firm
JRF
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,450.0017.06
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
9.439.43
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,603.1018.86
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 (%)
0.94
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.94
Total cost (%)
9.769.76
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,659.2019.52
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 (%)
5.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.065.03
Total cost (%)
10.7910.79
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,834.3021.58
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 (%)
0.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.91
Total cost (%)
12.6812.68
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,155.6025.36
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 (%)
1.25
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.25
Total cost (%)
13.0113.01
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,211.7026.02
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
5,000.0058.82
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.88
Total cost (%)
30.2930.29
Total cost (JPY)sort descendingTotal cost (USD)sort descending
5,149.3060.58
Total Average Second Quarter
9.959.95
Total Average First Quarter
10.7810.78
Total Average
Fee
1,408.4616.57
Exchange Rate Margin (%)
1.671.67
Total Cost Percent (%)
9.959.95
Total Cost (JPY) Total Cost (USD)
1,692.2819.91
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same 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
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
490.005.83
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.84
Total cost (%)
2.002.00
Total cost (JPY)sort descendingTotal cost (USD)sort descending
840.0010.00
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
490.005.83
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.10
Total cost (%)
2.272.27
Total cost (JPY)sort descendingTotal cost (USD)sort descending
953.4011.35
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
880.0010.48
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.10
Total cost (%)
3.203.20
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,344.0016.00
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
880.0010.48
Exchange rate margin (%)
1.63
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.63
Total cost (%)
3.723.72
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,562.4018.60
Firm
JRF
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1,450.0017.26
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
4.354.35
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,827.0021.75
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 (%)
0.94
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.94
Total cost (%)
4.514.51
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,894.2022.55
Firm
Kyodai
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
880.0010.48
Exchange rate margin (%)
2.59
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.59
Total cost (%)
4.684.68
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,965.6023.40
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
880.0010.48
Exchange rate margin (%)
2.61
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.61
Total cost (%)
4.704.70
Total cost (JPY)sort descendingTotal cost (USD)sort descending
1,974.0023.50
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 (%)
1.94
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.94
Total cost (%)
5.465.46
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,293.2027.30
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 (%)
0.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.91
Total cost (%)
5.675.67
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,381.4028.35
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 (%)
1.25
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.25
Total cost (%)
6.016.01
Total cost (JPY)sort descendingTotal cost (USD)sort descending
2,524.2030.05
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 (%)
5.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.065.03
Total cost (%)
8.558.55
Total cost (JPY)sort descendingTotal cost (USD)sort descending
3,591.0042.75
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
5,000.0059.52
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.88
Total cost (%)
12.7812.78
Total cost (JPY)sort descendingTotal cost (USD)sort descending
5,367.6063.90
Total Average Second Quarter
5.225.22
Total Average First Quarter
5.235.23
Total Average
Fee
1,493.0817.77
Exchange Rate Margin (%)
1.671.67
Total Cost Percent (%)
5.225.22
Total Cost (JPY) Total Cost (USD)
2,193.6926.12
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same 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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