I’m curious whether any business owners here have found a good bank for businesses that receive international transfers and/or require access to accounts when overseas. The current ones my business (small but not minuscule) uses are SMBC, Rakuten and a small regional bank.
My colleagues have complained that we are having trouble when the authorized parties for the account are outside Japan and a transfer (typical range €75-250K, mostly from EU/UK) comes in from overseas. Apparently we’ve had a couple of them rejected or held in a kind of escrow until one of us returns, which is suboptimal. In addition to that, we have had various difficulties accessing our accounts from overseas and associated problems transferring money as a result, which are similarly suboptimal.
I’m not expecting Japanese banks to be convenient and recognize there’s a basic hassle level we will always have to deal with. Such is life. But if anyone here has a bank that’s less difficult with incoming foreign wires and/or access outside of Japan, your guidance would be greatly appreciated.
by DLM35