Can a Japanese pension be deposited directly to a WISE account? If so, must it be a Japanese WISE account? This will be for a Japanese citizen, but they (Father in law) will be moving to Canada and may not have a Japanese address to use.
If it's added to a Japanese WISE account, will the standard 611¥ fee apply when transferring it between one's own accounts? Is there a percent-based fee on top of that for the currency exchange?
If it's a Canadian WISE account, can the money be added as yen or will it have to be a SWIFT transfer?
Final question: If it's a SWIFT transfer, is there a list of fees? WISE says something about "correspondent fees". Do these apply when sending to a Canadian WISE account?
Local Canadian banks tend to charge ~$17CAD (~1950JPY) as a flat rate per transfer. If WISE is going to charge 611¥ + unknown corresponding fees… I'm trying to evaluate if it's worth the effort to change a Japanese pension to pay into a WISE account or not.
Ideally, he'd like to just keep the money as JPY and he can use the money when he travels to Japan.
Wasn't there a WISE Japan employee responding here at one point?
by CarnationFoe