Japan Price Comparison Research 2025

A dedicated comparison research team in Wise compared Wise to 5 Japan bank accounts as well as Revolut. They found that you can save up to x on average to send, spend and withdraw money abroad with Wise. Individually, you can save up to 7x when sending money abroad, up to 3x when spending abroad, and we don’t charge fees for ATM withdrawals up to ¥15,000. There are no account set up fees, monthly fees or minimum balance with the Wise account. This is based on the prices offered by Wise Payments Japan K.K. during the research period.

Research methodology

The competitor research was collected in January 2025 during a 5 day period (20/01/2025 - 24/01/2025).

They looked at data across multiple countries, currencies, and price points to make sure any price claims we make are fair and accurate. The data was collected by simulating a transfer using live accounts on the providers website, during standard trading hours and at the same time every day, whenever possible, to ensure consistency across the comparison.

The research scope looked at the following, across BRL, CNY, EUR, KRW and USD using ¥15,000 as the transaction value:

The cost to send money abroad from an account
The cost to spend money abroad using a debit card
The cost to withdraw money abroad from an account via an ATM

The costs collected for sending money abroad are made up of both the foreign transaction fee and any exchange rate markup. The exchange rate markup is a percentage added to the mid-market exchange rate by a provider when they sell you a currency. The costs collected for spending money abroad and withdrawing money abroad from an account via ATM are only made up of foreign transaction fees.

How did we calculate our price claims?

Comparing fees
For each currency pair — such as JPY to BRL, JPY to CNY, etc. — our team compared the fees charged by Wise to the average fees charged by competitors.

Calculating savings
The following formula was used to show how much you save with Wise compared to competitors:

% saving = cost of using Wise against a competitor’s average fee × 100
This formula tells you the percentage you’d save by using Wise instead of the average competitor.

What does that look like?
If a JPY to BRL transaction shows a 90% saving, it means Wise fees are 90% lower than the average competitor fees for that particular currency pair.

What about the average savings?
After calculating the savings percentage for each currency pair, the average represents the overall savings claim for Wise across different services like sending, spending, or withdrawing money.

The research and results

1. Total cost to send ¥15,000. Overall, Wise is 7x cheaper.

Sending ¥15,000 to another country? Wise will cost up to 70% less compared to how you’re doing it now.

JPY > BRL: Wise is 13x cheaper

Wise: ¥142.00
MUFG: Not offered
Rakuten: ¥730.75
Sony: ¥3484.36
Shinsei Bank: ¥3110.96
SMBC: Not offered
Revolut: ¥235.16

JPY > EUR: Wise is 9x cheaper

Wise: ¥268.00
MUFG: ¥5529.47
Rakuten: ¥745.16
Sony: ¥3471.90
Shinsei Bank: 2070.82
SMBC: ¥3552.67
Revolut: ¥87.19

JPY > CNY: Wise is 3x cheaper

Wise: ¥933.00
MUFG: ¥5643.98
Rakuten: ¥745.75
Sony: ¥3154.21
Shinsei Bank: ¥2546.36
SMBC: Not offered
Revolut: Not offered

JPY > KRW: Wise is not significantly cheaper

Wise: ¥400.00
MUFG: Not offered
Rakuten: ¥737.47
Sony: Not offered
Shinsei Bank: Not offered
SMBC: Not offered
Revolut: ¥240.34

JPY > USD: Wise is 7x cheaper

Wise: ¥353.00
MUFG: ¥5527.97
Rakuten: ¥742.63
Sony: ¥3009.84
Shinsei Bank: ¥2028.55
SMBC: ¥3567.06
Revolut: ¥104.76

2. Fees to spend ¥15,000 using a debit card. Overall, Wise debit card is 3x cheaper.

It’s up to 60% cheaper to spend ¥15,000 overseas with Wise.

JPY > BRL: Wise is 2x cheaper

Wise: ¥168.00
MUFG: ¥457.50
Rakuten: ¥462.00
Sony: ¥268.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: ¥0.00

JPY > EUR: Wise is 4x cheaper

Wise: ¥75.00
MUFG: ¥457.50
Rakuten: ¥462.00
Sony: ¥268.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: ¥0.00

JPY > CNY: Wise is 2x cheaper

Wise: ¥165.00
MUFG: ¥457.50
Rakuten: ¥462.00
Sony: ¥268.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: ¥0.00

JPY > KRW: Wise is 2x cheaper

Wise: ¥115.50
MUFG: ¥457.50
Rakuten: ¥462.00
Sony: ¥268.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: ¥0.00

JPY > USD: Wise is 4x cheaper

Wise: ¥78.00
MUFG: ¥457.50
Rakuten: ¥462.00
Sony: ¥268.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: ¥0.00

3. Fees to withdraw abroad via an ATM, using a debit card. Withdrawal with Wise is free of charge up to ¥30,000.

JPY > BRL: Free withdrawal with Wise

Wise: Free withdrawal with Wise
MUFG: ¥567.50
Rakuten: ¥462.00
Sony: ¥488.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: Free withdrawal up to ¥25,000 per rolling month

JPY > EUR: Free withdrawal with Wise

Wise: Free withdrawal with Wise
MUFG: ¥567.50
Rakuten: ¥462.00
Sony: ¥488.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: Free withdrawal up to ¥25,000 per rolling month

JPY > CNY: Free withdrawal with Wise

Wise: Free withdrawal with Wise
MUFG: ¥567.50
Rakuten: ¥462.00
Sony: ¥488.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: Free withdrawal up to ¥25,000 per rolling month

JPY > KRW: Free withdrawal with Wise

Wise: Free withdrawal with Wise
MUFG: ¥567.50
Rakuten: ¥462.00
Sony: ¥488.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: Free withdrawal up to ¥25,000 per rolling month

JPY > USD: Free withdrawal with Wise

Wise: Free withdrawal with Wise
MUFG: ¥567.50
Rakuten: ¥462.00
Sony: ¥488.50
Shinsei Bank: Not offered
SMBC: ¥450.00
Revolut: Free withdrawal up to ¥25,000 per rolling month

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.