Can I Use Wise for the 5M JPY Business Manager Visa Requirement?

Hi everyone,

I’m applying for a Business Manager Visa, which requires proof of depositing 5,000,000 JPY into a Japanese bank account.

I’m considering using Wise (formerly TransferWise) since they have much better rates than a traditional wire transfer, but I’m concerned it might not meet the requirements. Since Wise uses a domestic bank to transfer funds, the Japanese bank statement might show Wise’s account as the sender instead of my name or my original bank account.

Has anyone successfully used Wise for this purpose, or is a traditional wire transfer better? It seems like the difference would end up costing me about $1,000 🥲.

Thanks for any advice!