Receiving JPY

[davonir]

Hi,

I am trying to receive a large amount JPY from a client in Japan without incurring extra charges. Unfortunately, they are not able to open a Wise account, and Wise does not support receiving in JPY unless it's from another Wise account.

I have tried looking at OFX, but unfortunately, they only have a US-based and Australia-based bank account for receiving JPY. What is the best way to receiving JPY as a non-Japanese resident without incurring exorbitant charges?

Could I open a DBS multi-currency account, and then incur the TT charges and then withdraw it out as JPY and change it to SGD at a money exchange for example?

 

[reddevil0728]

Hi,

I am trying to receive a large amount JPY from a client in Japan without incurring extra charges. Unfortunately, they are not able to open a Wise account, and Wise does not support receiving in JPY unless it's from another Wise account.

I have tried looking at OFX, but unfortunately, they only have a US-based and Australia-based bank account for receiving JPY. What is the best way to receiving JPY as a non-Japanese resident without incurring exorbitant charges?

Could I open a DBS multi-currency account, and then incur the TT charges and then withdraw it out as JPY and change it to SGD at a money exchange for example?

DBS got inward remittance charge but is not a lot and waived if treasures.

https://www.dbs.com.sg/personal/support/bank-overseas-funds-transfer-fees-and-charges.html

But the remitting bank may still charge unless your client cover the cost.

DBS remit has no charge for JPY transfer.

https://www.dbs.com.sg/personal/deposits/pay-with-ease/international-transfers

maybe you can see if it makes sense to remit to wise/revolut or whatever to convert to SGD then withdraw?

 

[ashethen]

How about Crypto stablecoin?

 

[reddevil0728]

How about Crypto stablecoin?

Like ask client to transfer via crypto stablecoin?

 

[ashethen]

Like ask client to transfer via crypto stablecoin?

Ya why not.

Since got jpy stablecoins

 

[reddevil0728]

Ya why not.

Since got jpy stablecoins

that's assuming the client is sophisticated enough to deal with this? even if we assume it is in the interest of TS to learn how to do it, but client still has to clap together

 

[ashethen]

that's assuming the client is sophisticated enough to deal with this? even if we assume it is in the interest of TS to learn how to do it, but client still has to clap together

K.
Just a suggestion. No need to think and talk so much

 

[reddevil0728]

K.
Just a suggestion. No need to think and talk so much

Not sure why you take offence by it when it’s a perfectly reasonable response.

 

[ashethen]

Not sure why you take offence by it when it’s a perfectly reasonable response.

I didn't take offence.

I think you did, cause you thought I took offence...

 

[reddevil0728]

I didn't take offence.

I think you did, cause you thought I took offence...

ok. glad to know you didn't take offence. cause i didn't.

cause when you said "no need to think and talk so much" sounds like you weren't happy with the response

 

[ashethen]

ok. glad to know you didn't take offence. cause i didn't.

cause when you said "no need to think and talk so much" sounds like you weren't happy with the response

nope.
i just said it's only a suggestion. dont need to think until so far ahead

 

[reddevil0728]

nope.
i just said it's only a suggestion. dont need to think until so far ahead

i don't understand why cannot think far ahead?

A suggestion must be implementable ma.

Can't be suggest some ridiculous things. Unless is post for the sake of posting? which i understand from forum rules, unless got meaningful things to say if not shouldn't post.

 

[ashethen]

i don't understand why cannot think far ahead?

A suggestion must be implementable ma.

Can't be suggest some ridiculous things. Unless is post for the sake of posting? which i understand from forum rules, unless got meaningful things to say if not shouldn't post.

Oh there's such a rule?

Can show me? I want to report someone else with 300k posts

You mean my suggestion isn't implementable? How is it not? I do not agree with your last paragraph about my suggestion. It's not as though I suggested ts to fly to Japan to collect his money right.

 

[reddevil0728]

Oh there's such a rule?

Can show me? I want to report someone else with 300k posts

Depends on the forum also. some forums have higher standards. e.g., this vs like EDMW.

You mean my suggestion isn't implementable? How is it not? I do not agree with your last paragraph about my suggestion. It's not as though I suggested ts to fly to Japan to collect his money right.

then like that fly to japan is also implementable liao.

is about feasible or not. hence need to think further ma

 

[ashethen]

Depends on the forum also. some forums have higher standards. e.g., this vs like EDMW.

then like that fly to japan is also implementable liao.

is about feasible or not. hence need to think further ma

It seems you're saying it's necessary to help posters of this forum to think further, after giving suggestions. Are you sure about this?

I always thought this forum is about discussing stuff, giving suggestions, etc.

Sometimes go further, if you are kind enough to spend your time and effort, to help them think further or spoon feed. I didn't know this was a necessity...

 

[reddevil0728]

It seems you're saying it's necessary to help posters of this forum to think further, after giving suggestions. Are you sure about this?

I always thought this forum is about discussing stuff, giving suggestions, etc.

Sometimes go further, if you are kind enough to spend your time and effort, to help them think further or spoon feed. I didn't know this was a necessity...

ya lor that's why I am discussing with with you and suggesting that not everyone knows about crypto ma.

cause many ppl in this forum somehow didn't realise not everyone as into certain things as them.

 

[ashethen]

ya lor that's why I am discussing with with you and suggesting that not everyone knows about crypto ma.

cause many ppl in this forum somehow didn't realise not everyone as into certain things as them.

Oh I see.

Btw, how come you don't get infraction points for derailing threads?

 

[reddevil0728]

Oh I see.

Btw, how come you don't get infraction points for derailing threads?

You can report my post if you think i am derailing. That's what the report button is for. and let the admin/mod adjudicate whether i am indeed derailing.

and for the avoidance of doubts, I don't think i am derailing. i am just responding your post suggesting crypto which i don't think is that realistic and assumes everyone is so learned in it.

But if you disagree that's ok. just that i am puzzled why you have to tell ppl not to think and talk so much when they differ from you

 

[ashethen]

You can report my post if you think i am derailing. That's what the report button is for. and let the admin/mod adjudicate whether i am indeed derailing.

and for the avoidance of doubts, I don't think i am derailing. i am just responding your post suggesting crypto which i don't think is that realistic and assumes everyone is so learned in it.

But if you disagree that's ok. just that i am puzzled why you have to tell ppl not to think and talk so much when they differ from you

You got me wrong.

I didn't tell you specifically not to think and talk so much because you differ from me. I'm just saying I'm just giving suggestions, so I don't wish to think and talk so much about my suggestion.

And I'm not threatening to report you for derailing, I'm just curious why you don't get any points, because you're the cause of many derailments in other threads

 

[reddevil0728]

You got me wrong.

I didn't tell you specifically not to think and talk so much because you differ from me. I'm just saying I'm just giving suggestions, so I don't wish to think and talk so much about my suggestion.

I see thanks for clarifying. it wasn't clear. i thought you referring to others rather than yourself.

And I'm not threatening to report you for derailing, I'm just curious why you don't get any points, because you're the cause of many derailments in other threads

I didn't know we can see people infraction points?