Japan Post Bank, Co., LTD SWIFT/BIC code

What JPPSJPJ1 means for a payment to Japan Post Bank, Co., LTD

The 8-character code JPPSJPJ1 and the full code JPPSJPJ1XXX refer to the same bank: Japan Post Bank, Co., LTD in Tokyo, Japan. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. It comes up mostly for transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who pays into an account at Japan Post Bank, Co., LTD. The SWIFT code alone cannot identify a personal account; for that you need the IBAN or account number is for.

Paying someone abroad from your Japan Post Bank, Co., LTD account

The price of an international transfer has more than one component – not just the fee on your screen. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

Banks do not list the margin on the rate as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. Before your next transfer, take a minute comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Japan Post Bank, Co., LTD to fund the transfer; only the conversion and sending happen elsewhere.

When will the money arrive at Japan Post Bank, Co., LTD?

A SWIFT payment usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add a day or more. Extra checks by one of the banks can also cause a delay.

When a payment takes longer than expected, contact the sending bank about the status or the UETR. Money transfer services usually show tracking online so you can see where the money is.

Only the sending bank is able to start an official trace or a recall. As a recipient, you can look at your account for a slightly lower amount, since fees may have been deducted.

How to check JPPSJPJ1 before you pay

The most reliable place for the correct BIC is paperwork issued by the bank. If the code you have does not match JPPSJPJ1 or JPPSJPJ1XXX, do not guess – contact the recipient or Japan Post Bank, Co., LTD.

Errors in the SWIFT code tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A validity check by your bank merely confirms that the code is valid. If your bank offers it, a payee name check on the recipient adds extra certainty. For a first payment, some people send a small test amount before sending the rest.

Which of the 2 codes of Japan Post Bank, Co., LTD do you need?

Our directory lists 2 SWIFT/BIC codes for Japan Post Bank, Co., LTD. Besides the head office code JPPSJPJ1XXX, there are codes for individual branches and departments.

In most cases you do not need to pick a branch: transfers addressed to JPPSJPJ1XXX are routed within Japan Post Bank, Co., LTD without problems. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

The safest route is to copy the code straight from the recipient’s statement. Branch codes are more likely to change than JPPSJPJ1XXX when a bank merges or closes offices.

What to give a sender who pays you at Japan Post Bank, Co., LTD

To receive a transfer from abroad at Japan Post Bank, Co., LTD, the sender needs more than the BIC. Share the account holder’s name, the IBAN or account number, SWIFT code JPPSJPJ1XXX and your address.

Some banks want the address of Japan Post Bank, Co., LTD; it does no harm to include it. A typo in the IBAN is more trouble than it looks, so copy the details from your online banking.

What lands in your account can be lower than what was sent. Charges on incoming payments vary per bank; check the price list of Japan Post Bank, Co., LTD. For business payments, it is common to agree how the fees are split to avoid a shortfall.

Sending JPY to Japan Post Bank, Co., LTD

Most accounts at Japan Post Bank, Co., LTD are usually held in JPY, the local currency of Japan. A payment in a foreign currency will be converted into JPY before it reaches the account – and the bank that does it picks the rate. Each conversion costs something – usually through the rate rather than a fee.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Compare how much JPY the recipient gets with several providers.

Rates for JPY change during the day. On larger amounts, a small gap in the rate adds up quickly.

JPPSJPJ1 or JPPSJPJ1XXX – which one to use?

The structure of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. In this case, that core is JPPSJPJ1.

Many banks and apps work with both lengths. If a form asks for eleven characters, enter JPPSJPJ1XXX.

Leave out spaces or dashes when you type JPPSJPJ1 or JPPSJPJ1XXX. A single letter may route the money to another bank.

Scams that use SWIFT codes

A common scam goes like this: you receive a request saying that a contact now has a new bank account and that the next payment should go there. That JPPSJPJ1 is a real code does not mean that the account is legitimate.

Verify new bank details through a different channel. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call your bank straight away and have them start a recall and report the fraud.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference abroad. Wait until the money is actually in your account.

A note on our data

We collect bank codes from publicly available data and update them from time to time. Institutions merge, change names and change codes. The number of codes we show are based on what is in our directory.

Treat our data as a reference, not as the last word. GoldexPay is an independent comparison service for money transfers and not part of Japan Post Bank, Co., LTD. Should you notice something that is out of date, we appreciate a message.