How much will I lose if I receive 50,000 yen into Wise, and what’s the best option to minimize fees?

I'm expecting to receive a payment of 50,000 yen from a company in Japan, and the money will be transferred from Mizuho Bank into my Wise account. The company has informed me that they shall only cover remittance charges arising at the sending bank (Mizuho Bank). Any intermediary bank fees will be deducted from the total amount.

I need to fill out a "Bank Information Sheet" for the transfer and want to make sure I minimize any fees associated with intermediary banks and currency exchange.

Here are a few things I need advice on:

  1. How much will I lose in fees if I was sent 50,000 yen into Wise?
  2. Is it better to receive the payment in JPY, USD, EUR, or GBP to minimize fees?
  3. Does anyone have experience with similar transfers and can recommend the best option to reduce intermediary bank fees?

by Phantom_Horse35

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