I opened an investment account with PayPay Securities to use NISA. During the process there was some back and forth to check some information, and I started getting the feeling I’d be rejected, so I applied for one at MUFG as well. As it turns out, I was finally able to open both accounts, but the MUFG one was finalized first, so that’s the one that got assigned the tax-exempt NISA usage.
Since I originally really wanted to use PayPay due to its ease of use and other options, I’ll have to cancel the MUFG one and transfer NISA to PayPay, which will take a few weeks at least. I haven’t made any transactions at all on either account. In the meantime, I’d like to start using PayPay Securities by making small investments even if they’re not tax-exempt (I doubt I’ll have to pay a tremendous amount in taxes for just a few thousand yen invested so I’m okay with this).
Now, from what I understand, if I start investing in a fund without NISA, I won’t be able to use that fund for NISA anymore, so ideally I should avoid investing in funds that I’d like to use with NISA. Is my understanding correct? Do you foresee any trouble and should I just wait until after I’ve transferred NISA from MUFG to PayPay?
Thank you!
by Kangy1989