Hey everyone! I've read a lot of good information in this subreddit but I'm still not sure what the best option would be for me. I have to transfer €1600 from my Dutch bank to my Japan Post Bank account. Should I use the SWIFT wire (that's a regular transfer where I send the money to Japan Post Bank directly from my Dutch bank right?), or should I transfer the money via Wise?
I have read about other banks being better, but I'm only here for 5 more months and needed the Japan Post Bank according to my University. I also heard that if you have a Japan Post Bank account and your not considered a resident (even though I have a resident card, but you have to live here for 6 months I read to be considered a resident), you pay a ¥3000 fee for every money transfer.
I'm not sure how much I will pay to my Dutch bank with a regular transfer but I think it should be around €20, but I feel like Japan Post Bank will also take a lot of money even though I will send it as an OUR transfer. Will Wise be cheaper?
And I'm also wondering what the cheapest way would be to withdraw cash. Atm I pay like €13 for a €577 (¥100.000) withdrawal. Would it be cheaper to add extra money to my Japan Post Bank account and withdraw from this account with the Japan Post Bank card or would it be smart for me to open a Wise account so I can send money from my Dutch bank to my Wise account and withdraw money from that account.
Thanks in advance guys! Really appreciate some help because it's all so confusing and frustrating 😅
by Tijgooo