DecodeFX's domestic bank transfer is a way for clients resident in Japan to deposit and withdraw by Japanese yen bank transfer. Deposits start at 100 USD and take up to about one business day, and the fee is 3% for both deposits and withdrawals.
Summary: mind the 3% fee and the payer name
- The minimum deposit is 100 USD. The fee is 3%.
- The payer name is your name plus your account number (7 digits).
- Same day if by 9:00 a.m. Later deposits are reflected the next business day.
- If you want to avoid the fee, compare the 0% methods.
Depositing JPY 100,000 costs the equivalent of JPY 3,000. Withdrawals also cost 3%, so a round trip is about 6%.
How to deposit to DecodeFX by domestic bank transfer
- 01Complete identity verification
Finish up to the activation of your account type. The review usually takes up to 24 hours.
- 02Choose domestic bank transfer in the portal
In the deposit screen of the client portal, choose domestic bank transfer (JPY) and decide the amount.
- 03Check the destination account
Check the destination account shown in the portal. Review the currency and amount as well.
- 04Decide the payer name and transfer
Enter your name (katakana or English) followed by your 7-digit account number, and transfer from an account in your own name.
- 05Check that the deposit is reflected
Funds are expected the same day if sent by 9:00 a.m. and the next business day if later. If not reflected, go to the checking steps.
Payer name rule and reflection time
| Item | Details |
|---|---|
| Payer name | Your name (katakana or English) plus your account number (7 digits) |
| Holder name | Same as your registered name. Avoid third-party names |
| By 9:00 a.m. | Reflected the same day |
| After 9:00 a.m. | Reflected the next business day |
| Weekends and holidays | Not stated officially |
※ The account number is the number of your trading account. Check it in the client portal.
What happens if the account number is missing is not stated officially. Check the entry field before you transfer.
Domestic vs international bank transfer, and withdrawal terms
| Item | Domestic bank transfer | International bank transfer |
|---|---|---|
| Deposit fee | 3% | 0% (bank fees separate) |
| Deposit reflection | Up to about 1 business day | About 2 to 5 business days |
| Minimum deposit | 100 USD | 100 USD |
| Minimum withdrawal | 50 USD | 100 USD |
| Withdrawal processing | 1 to 2 business days | 2 to 5 business days |
※ The withdrawal steps page also says 1 to 3 business days for domestic and 5 to 10 business days for international. Because they differ from the overview table, allow extra time when you request.
Choose by purpose: domestic bank transfer if you are in a hurry, international bank transfer if you want to keep costs down.
Check the other deposit methods too
- Fees and times for all five methods: see the deposits and withdrawals page.
- Depositing with crypto (USDT): see the USDT deposits and withdrawals page.
- The overall picture of fees: see the fees page.
DecodeFX deposit and withdrawal methods and fees compared
Conditions change by account, country of residence and time, so the official information shown during registration takes priority.