Moving my savings out of Japan without FX conversion in near term

Hi all,

As I will move out of Japan next month and will need to close my bank account, I would like to get some advice on the best method to transfer my savings (>1M JPY) abroad, without having to convert my JPY to EUR. Given the current FX situation, I will take the risk to benefit from potential positive FX movements in the coming years.

  • Would it be better to retain my EU-based Revolut account, open a Yen balance, and use an international SWIFT transfer in JPY from my Japanese bank to my EU-based account; or
  • Would it be better to close my EU-based Revolut account, open a JPY-based account instead, and then use a domestic SWIFT transfer instead; or
  • Any other method (e.g. Wise account)?

I have checked the possibility to change my address in Revolut to my Japanese address, but unfortunately this doesn't seem to be allowed.

Thanks a lot for the input!

by Educational-Low1972

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