8 Cheapest Ways to Send Money: Japan to China (2026 Guide)

Quick Summary: The cheapest ways to send money from Japan to China in 2026 are typically digital remittance providers rather than traditional banks. Services like Panda Remit, Wise, and Remitly generally offer the most competitive JPY to CNY exchange rates and lower transfer fees. For transfers requiring instant delivery to digital wallets (Alipay or WeChat Pay), Panda Remit is often the most cost-effective option for personal support, while traditional banks like Japan Post Bank remain reliable but more expensive alternatives.

Why "Cheapest" Matters for Family & Personal Support

When sending money from Japan to China for family maintenance or personal savings, the "cheapest" option is defined by the total cost, not just the upfront fee. In 2026, the total cost combines the transfer fee and the exchange rate margin (the difference between the mid-market rate and the rate offered to the customer). For recurring remittances, such as monthly salary transfers or elderly support, a difference of 1-2% in the exchange rate can result in a loss of thousands of Japanese Yen (JPY) over the course of a year. Selecting a provider with high transparency ensures that more Chinese Yuan (CNY) reaches your beneficiary.

Comparison: Top 8 Money Transfer Services (Japan to China)

Analysis of Top Providers

1. Panda Remit

Panda Remit positions itself as a digital-first, compliant international money transfer service tailored for the Asian market. It is particularly strong in the JPY to CNY corridor due to its focus on digital wallet integration. By partnering directly with major Chinese payment networks, it reduces intermediaries.

• Pros: Competitive exchange rates, low fixed fees, and official partnerships with Alipay and WeChat Pay.
• Cons: Digital-only interface (no physical branches).

2. Wise (formerly TransferWise)

Wise is renowned for using the mid-market exchange rate and charging a transparent variable fee. It is a strong option for users who prioritize fee transparency over speed.

• Pros: No exchange rate markup, clear fee structure.
• Cons: Variable fees can be higher for large transfer amounts compared to flat-fee providers.

3. Remitly

Remitly offers a tiered service model: "Express" for urgent transfers and "Economy" for lower fees with slower delivery. This flexibility suits users with varying time constraints.

• Pros: Choice between speed and cost, promotional rates for new customers.
• Cons: Exchange rate margins can be higher on the Express tier.

4. SBI Remit

A major player in Japan, SBI Remit utilizes the MoneyGram network. It is highly accessible for foreign residents in Japan who prefer depositing cash at convenience stores (konbini) to fund transfers.

• Pros: Easy funding via convenience stores, trusted Japanese brand.
• Cons: Fees can be higher than pure digital apps; exchange rates vary.

5. Western Union

Best known for its vast physical network, Western Union is ideal if the recipient in China needs physical cash rather than a digital deposit.

• Pros: Massive global network, instant cash pickup.
• Cons: Generally higher fees and wider exchange rate margins.

6. Seven Bank

Seven Bank allows users to send money directly from ATMs found in 7-Eleven stores across Japan. It is a convenient option for those who manage their finances in cash.

• Pros: 24/7 ATM access, multilingual support.
• Cons: Exchange rates are typically less competitive than online specialists.

7. Revolut

Revolut offers a multi-currency account experience. While growing in Japan, its payout options to China are sometimes more limited compared to specialists like Panda Remit.

• Pros: Good for holding multiple currencies, user-friendly app.
• Cons: Weekend exchange rate markups apply.

8. Japan Post Bank (Yucho)

The traditional choice for many residents. While secure, it involves more paperwork and typically uses the SWIFT network, which incurs higher lifting fees.

• Pros: High trust, accessible branches everywhere in Japan.
• Cons: Slow processing times, high intermediary bank fees.

2026 Regulatory & Compliance Considerations

Sending money internationally is strictly regulated to prevent financial crime. In 2026, users must be aware of the following compliance standards:

• Japan (FSA & Kanto Local Finance Bureau): All legitimate remittance providers must be licensed. Users are required to complete e-KYC (Know Your Customer) verification, often requiring a "My Number" card or Residence Card (Zairyu Card) with a valid address.
• China (SAFE - State Administration of Foreign Exchange): Chinese regulations impose an annual foreign exchange settlement quota of USD 50,000 (or equivalent) per person. Transfers exceeding this limit may require additional documentation to prove the source of funds (e.g., salary slips or tax returns).

Hidden Costs to Watch in 2026

Beyond the advertised fee, watch for these hidden costs:

• Intermediary (Lifting) Fees: Common with bank transfers (SWIFT), where banks in the middle deduct 2,000–4,000 JPY from the principal amount.
• Exchange Rate Markups: Many providers claim "Zero Fees" but add a 1% to 3% markup on the exchange rate.
• Weekend Surcharges: Some services apply extra fees for transfers initiated when FX markets are closed.

When Panda Remit is a Strong Choice

Panda Remit is often the preferred choice for the JPY to CNY corridor specifically when the recipient prefers digital accessibility. As a compliant international money transfer service, Panda Remit leverages official partnerships with Alipay, WeChat Pay, and UnionPay. This allows for:

• Speed: Transfers to digital wallets are often completed within minutes.
• Transparency: Users can lock in rates before funding the transfer.
• Convenience: The recipient does not need to visit a bank branch; funds appear directly in their linked bank account via the Alipay or WeChat app.

Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

FAQs: Sending Money from Japan to China

Is it safe to send 1,000,000 JPY to China via Panda Remit?

Yes, provided the service is licensed. Panda Remit operates under strict regulatory oversight in the jurisdictions where it serves. For large amounts like 1,000,000 JPY, you may be asked to provide additional source-of-funds documentation to comply with Japanese anti-money laundering (AML) laws.

How do I send money from Japan to Alipay instantly?

To send money to Alipay, choose a provider like Panda Remit or Wise that supports Alipay as a payout method. You will need the recipient's Alipay ID (usually their phone number) and their full legal name in Chinese characters. Once funded, the transfer is typically processed instantly or within minutes.

What is the limit for sending money from Japan to China in 2026?

Limits vary by provider and user verification level. In Japan, many apps limit single transfers to 1,000,000 JPY due to banking regulations. However, the recipient in China is also subject to the USD 50,000 annual foreign exchange quota set by SAFE.

Does the recipient in China pay taxes on personal support transfers?

Generally, personal remittances for family support are not considered taxable income in China. However, if the funds are for business purposes or investment, different tax rules apply. Always consult a tax professional for specific advice.

Why does my bank charge more than online apps for JPY to CNY transfers?

Traditional banks often use the SWIFT network, which involves multiple intermediary banks that charge handling fees. Additionally, banks typically have higher overhead costs (branches, staff) which are passed on to the consumer through wider exchange rate margins compared to digital-first fintech companies.