I just got this email from WISE…
The limit amount you can hold in your Wise account is 1,000,000 JPY.
Because of local regulations in Japan, you are not allowed to hold more than 1 million JPY in your balance for more than 30 days in a row. This allowance is based on the total amount you have in your account, and includes the money you hold in all currencies.
This means that you’ll need to withdraw (REDACTED) JPY from your balances by 28 July.
You should make a transfer to an account outside Wise. That can be an account that belongs to you or to someone else.
To add your external account as a recipient in Wise:
Go to your recipients page
Save your own JPY bank account as a recipient
Choose “Mark as my external account”
Is this new? I've been using my account for over a year. I wasn't able to move the money out because neither MUFG nor JapanPost Bank would link up with it. I might have to go back to MUFG and see if anything's changed, but does anyone else know what's going on?
I checked the Wise app to make sure it wasn't a phishing scam.
by xeno0153