Hey, I already saw a couple of old threads about these topics, and I just wanna make sure I'm on the right track here. We are moving to Japan, and will be sending a 5 digit Euro amount to my wife's bank account. Her account can hold foreign currency, so we are going to send it as Euro, and then transfer afterwards.
Now a couple of things, Wise seemed like a good option, but I saw not to bother with amounts bigger than 1M¥, which would be around 5.600€. But I'm not sure if this recommendation is only for sending Yen directly, or in general?
The other option would be to do a SWIFT transfer with shared cost through my local bank in Europe? I swapped banks in the meantime, but the last time I sent around 5.000€, and we both paid 25€, resulting in 4.950€ on the account. I'm trying to research how much we would pay in fees now through my bank, but there seems to be a lot of hidden fees, which makes it hard to calculate.
She has a Japanese Wise account, and we would pay barely any fees to send it to her account, but moving the money to her actual bank would trigger a lot of fees.
Revolut doesn't seem like a good option for large money transfers, as they apparently block, and freeze accounts easily.
Am I on the right track here to go with a normal SWIFT transfer through my bank, or would Wise be the cheaper option?
by occasionally_smart