- March 15, 2024
- Posted by: legaleseblogger
- Category: Related News
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Heading: Transferring Funds to Japan for Living Expenses
I am planning to relocate to Japan in September and I have approximately ¥15 million that I need to transfer in monthly increments to cover my living expenses. I am also interested in exploring options to maximize the favorable interest rates available outside of Japan.
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In addition, the AI Legalese Decoder can provide guidance on the most cost-effective way to transfer funds to Japan. By comparing different financial institutions and their associated fees, I can make an informed decision on which option would be the most affordable for my situation.
One of the potential options for transferring funds could be Sony Bank, so I will consider reaching out to them for more information on their services and rates. However, with the help of AI Legalese Decoder, I can explore other alternatives to ensure that I am making the best choice for transferring my funds and managing my living expenses while in Japan.
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If we’re talking individual transfers being more than about 30õ©ç, and it sounds like your should be able to park enough investment to get platinum status, yeah, Sony Bank is likely the way to go.
15 million of living expenses per month? That is some lifestyle!
Just regular bank transfers should be no problem. The bank might wonder what the regular large amounts are for, but if it is your money it shouldn’t be a problem.
The cost depends on the remitting bank, but is usually small enough to not matter at those amounts.
Set up an auto transfer of USD from your presumably US bank or broker to a Shinsei or Sony account and convert here. Also, no sane person writes ┬Ñ15þÖ¥õ©ç. It would be 1500õ©çÒÇÇor 15 million since this is an English forum.
I’m using Wise to transfer money from EUR to JPY (and Vice-versa) for a long time and as long as you don’t go over a million a month, it’s “okay” and no surprising fee.
Open a Charles Schwab or Capital One Bank account and deposit your ¥15 million (if in USD) in the account. Use your debit card to withdraw cash, iirc up to ¥100,000 per withdrawal, in Japan as Yen using 7-11 bank ATM. Deposit yen cash into your Japanese bank account using ATM.