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Overseas remittances are pretty fundamental, he ought to talk to someone else at his bank because he should be able to do it with just a SWIFT (or two, since the Japanese bank probably uses an agent), branch code, account number, and beneficiary name. Alternatively if he wants the transaction to stay under the radar -- anything over JPY 1mio requires a report to National Tax Agency -- international postal money order is better. Can get those at the post office, up to $700 each. Sending multiple SWIFTs for JPY 999,000 for example raises a lot of red flags.
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Dec 17, 2013 02:24
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Be careful with that since your bank is likely charging a markup on the currency conversion. I think Visa has a standardized rate. In my experience it's usually 2-3% over market. Not a big deal for something temporary but if it's your only way to ever get cash, definitely look at the fine print. Certainly convenient though!
zmcnulty fucked around with this message at 15:25 on Jun 16, 2014 |
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Jun 16, 2014 15:23
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Easy, give it to Greenpeace and have them lose it.
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Jun 17, 2014 23:42
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