Money Exchange & Transfer


Currency Exchange – 両替 (りょうがえ)

If you’re looking to exchange money in Kochi, your best bet is to find the main branch of one of the larger banks (such as JP Bank, Shikoku Bank, etc.) and go there. The one we would recommend in Kochi City is JP Bank, since the main branch is right next to Kochi Station. More information on this branch can be found on the right. It’s easy to access, and the staff there are very helpful when it comes to this. The process is pretty painless and quick.


Transferring Money Overseas – 送金(そうきん)

There are many ways to transfer money. Here are a few:


Transferwise is an online system with lower fees, by having bank accounts in various countries to enable them to pay out in that country they’re able to cut fees to 1%  for up to US$5,000 and 0.7% after that. You transfer money to their Japanese account then they pay out of an account in your destination/home country. It can take a few days to get signed up as you have to receive an address verification card before you can complete your first transfer.


Go-Remit Goレミット

It’s almost like an international version of PayPal. You can transfer money at the ATM into your GoRemit account, and then use the internet to transfer from your GoRemit account into your home country account. The only thing is, if you use a small bank at home, you may not be able to sign up. GoRemit requires that your bank has an international ID number called a SWIFT code (different from a routing number) and some local banks don’t have one. 2,000yen plus your home bank will also charge processing fees etc. It may be best to transfer large amounts at a time.


JP Post ゆうちょ銀行

In the past, you were able to transfer money overseeas at a JP Post Bank at any location however, recently you can only transfer money overseas at one of the main JP Post Bank Branches. In Kochi City, this is the JP Post Bank that is right beside Kochi Station. Once here, the process is very painless and easy. You just have to fill out the form (they will help you find the correct form), fill in all the information including the bank name, bank code/transit number, your bank account information, etc. You should bring with you your MyNumber Card, Hanko, Bank book and Bank Access Card. The staff tend to be very helpful in figuring all of this out, and the process doesn’t take very long. However, you do have to pay 4,000yen to do this in person at the bank. A cheaper, easier way to transfer money overseas using JP Post is to use their online service, Yuucho Direct (more on this below).

If you are transferring it in person, be sure to bring your MyNumber card, your hanko, your cash card or bank book, and all your banking information required for the transfer (including bank codes, transit numbers, etc.). 

The GIH has more useful information on banking on pages 121-123. Be sure to give it a glance!




Yuucho Direct ゆうちょダイレクト

If you have an account with JP Bank, you can sign up for Yuucho Direct (online banking for JP Post) and make the transfer online using the site. It takes a bit to get used to the site (for the love of all that is good, DO NOT hit the back button) but once you get the hang of it, it’s fairly simple. Yuucho Direct sends a lot of emails to confirm anything you do on the site, including logging on, but if you’re the kind of person who likes to know whatever is happening with your banking then it should be no problem. If you run into any problems, the phone help service is pretty useful (Japanese only). The online service costs only 2,000yen (for transfers under 10k) to transfer money, and you usually get the money within a week.

You may need to register your MyNumber card with JP Post in person before making the transfer. If you are unable to make the transfer online, this may be the case – it’s best to go in person and ask, or call the help line.


送金する前に、ゆうちょ銀行で、自ら マイナンバーを登録をする必要があるかもしれません。オンライン送金をすることができなければ、自ら行く、又は、電話でカスタマーサービスに、確認することを おすすめします。