Sending Money from Japan Legally: Wise, SBI Remit, and the Risks of Hundi

You've just landed in Japan, and you're already thinking about sending your first part-time salary home to your family in Bangladesh. It's a beautiful feeling. But here's the thing — how you send that money matters more than you think. I've seen too many students fall into the trap of hundi, the illegal money transfer system, and risk everything they've worked for.

In this guide, I'll show you the legal and safe ways to send money from Japan to Bangladesh — using services like Wise and SBI Remit — and explain why hundi is a one-way ticket to visa trouble.

The Legal Way: Wise and SBI Remit

Japan is a country that runs on rules, and financial transactions are no exception. When you open a bank account or get a prepaid card, you'll have access to several legal remittance services.

Wise (formerly TransferWise)

Wise is a global money transfer platform that gives you the real exchange rate and charges low, transparent fees. You can fund your transfer from your Japanese bank account or at a convenience store (konbini). Money typically reaches Bangladesh within 1-2 days.

I remember a student of mine, Sakib, who lives in Shinjuku Ward, Tokyo. He sends 30,000 yen every month through Wise. He told me, "Sensei, no need to go to the bank and fill out forms; everything is on my phone." That's the convenience Wise offers.

SBI Remit

SBI Remit is another popular option, especially among Bangladeshi students, because it's linked with SBI Shinsei Bank — one of Japan's major banks. It offers competitive rates and lower fees for regular transfers. You can even send money directly to bKash or Nagad accounts in Bangladesh, though rates vary, so always check their website for current rates.

The downside? You might need an account with SBI Shinsei Bank to get the best rates, which can be a bit of a hassle to open. But many students manage it fine.

Why Hundi is a Visa Trap

Hundi is an informal, unregulated system of transferring money. There are no records, no receipts, no proof — and that's exactly why it's dangerous in Japan. Japanese immigration authorities are strict. They can check your financial history during visa renewals or permanent residency applications. If they suspect hundi, your visa could be revoked, and you could be deported.

I once knew a student who used hundi regularly. One day, the immigration office called him for questioning. He managed to talk his way out, but the stress and the permanent mark on his record weren't worth it. Don't be like that student.

Which One Should You Choose?

There's no one-size-fits-all answer. Here are some things to consider:

• Fees: Wise tends to be cheaper for small amounts; SBI Remit is competitive for larger transfers.
• Exchange rate: Rates fluctuate daily; compare before sending.
• Speed: Wise is often faster (1-2 days); SBI Remit may take 2-3 days.
• Ease of use: Wise has a user-friendly app; SBI Remit may require a bank account.

Other Legal Alternatives

Beyond Wise and SBI Remit, you have a few other options:

Japan Post Bank (Yucho)

You can do international money orders through Japan Post Bank, but fees are higher and the process is slower. Not the best choice for regular remittances.

Cryptocurrency

Some people use crypto to send money, but it's not fully legal in Japan for this purpose, and it's highly volatile. I'd advise against it.

Tips for Safe Money Transfers

When you send money, keep these tips in mind:

• Always keep receipts and transaction IDs.
• Don't send large amounts at once; split monthly.
• Double-check names and account numbers.
• Ensure your receiving account (bank or mobile wallet) is verified.
• Never send money through unknown individuals.

My Final Advice

Studying in Japan is about more than just getting a degree — it's about learning discipline and following rules. Focus on your studies, work part-time, and send money home legally. Your future is worth more than a few extra taka saved through illegal means.

For more tips, check our living in Japan guide and our part-time job guide. And if you're concerned about costs, see this cost breakdown.

Open a Wise or SBI Remit account today. And forget hundi — it's not worth the risk. Your success is my joy.