🇯🇵 Cautionary Tale: Money Transfers with Wise When Buying in Japan - Retiring in Japan

Описание: 🇯🇵 Transferring large sums between countries can be complex, especially when purchasing significant assets like property in Japan. In this video, I share personal experiences using Wise (formerly TransferWise) to send funds from the U.S. to Japan, highlighting important considerations for expats.

Key Points:
1. Transfer Limits: Wise allows transfers up to 1,000,000 USD per transaction when paying by bank transfer.  However, payment methods like ACH have lower limits (e.g., 50,000 USD per 24 hours, up to 250,000 USD over 60 days).
2. Processing Times: While Wise often completes transfers quickly, larger amounts may require additional security checks, potentially extending processing times. 
3. Planning Multiple Transfers: If your purchase exceeds single transfer limits, plan for multiple transactions and account for any mandatory waiting periods between transfers.

Recommendations:
• Verify Limits: Check Wise’s current transfer limits and processing times for your specific transaction.
• Consult with Wise: Contact Wise directly to discuss your transfer needs and ensure a smooth process.
• Consider Alternatives: For very large transfers, services like OFX may offer higher or no transfer limits, though bank daily transfer limits may apply. 

Navigating international transfers requires careful planning to avoid delays, especially when coordinating significant purchases abroad.

➡️ Explore More:
• Retiring in Japan: The Personal Journey of Kurt and Yumiko Bell (Hardcover edition recommended): https://a.co/d/40C8BBn
• Website: https://goingalone.org
• Email: [email protected]
• Discord Community:   / discord  
• Patreon:   / softypapa  

📚 Be safe… but not too safe.

TAGS:
#RetiringInJapan 🇯🇵 #MoneyTransfers 💴 #WiseRemittance 🌐 #ExpatsInJapan 🌸 #BuyingAHome 🏡 #RetirementJourney 🕰️ #LylesBrother ✨ #GoingAlone 🌵 #JapanLifeTips