Buy bitcoin with Furikomi bank transfer

What is Furikomi bank transfer?

Furikomi is the ordinary Japanese domestic bank transfer, made from your bank's app, its website, an ATM or a branch counter. Transfers between different banks are cleared over the Zengin System, the nationwide interbank network operated by the Japanese Banks' Payment Clearing Network (Zengin-Net), which almost every bank in Japan belongs to. It is not a brand you sign up for: you enter the recipient's bank, branch, account number and account name, which is how Japanese exchanges take yen deposits.

Speed

Since October 2018 the Zengin More Time System has cleared transfers 24 hours a day and 365 days a year, so a furikomi between participating banks normally lands within minutes.

Cost

The sending bank sets a flat furikomi fee per transfer, lower for an account at the same bank and higher for one at a different bank.

Limits

Each bank sets its own per transfer and daily ceilings, so check the limit on your online banking profile before a large deposit.

Speed and cost describe the rail itself. What an exchange adds on top varies by platform and is shown per exchange below.

Using Furikomi bank transfer in Japan

Furikomi bank transfer appears in one country guide on this site, Japan, where deposits settle in Japanese yen (JPY). Buyers there fund exchange accounts with Credit or debit card, Apple Pay, Google Pay as well, and the country guide ranks the exchanges that take each one.

Buy bitcoin with Furikomi bank transfer in Japan