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