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Yucho Direct Domestic Transfers 2019/6/11 18:41
I recently opened an online account with the Japan Post because I'll be leaving the country in a few weeks but want to keep access to my bank account. I'll also be receiving my last paycheck after I've returned to my country, and I want to be able to transfer that money into my domestic bank through Transferwise (to do this, I will need to do a domestic furikomi transfer).

However, I want to be able to transfer more than the T~, which is the limit for people without a "secure smartphone email", which I do not have. I could just do a dozen transfers to move it all, but that seems stupid, since you're charged 416 for each transaction.

I believe you can get around this security snag through "tokens" that are just codes sent to your (not secure smartphone) email address. Does anyone know if this is true? Is there a fee for getting a token?

Also, random (slightly) unrelated question: are there any monthly charges or fees for keeping a Japan Post account open even if there is no money in the account? I've asked Japanese colleges this, but they really have no reason to have an account with no money and don't know. My only reason would be because I'd like to visit Japan again in the future and could use the account to both send money before my trip and withdraw money without getting hit with ATM fees.

Thanks.
by Mochijunkie (guest)  

Re: Yucho Direct Domestic Transfers 2019/6/12 13:02
Tokens are often numeric generated numbers which is handled by the bank system.
To by pass a token is not possible since a token is a security feature and if you are not willing to take this option.

For International transactions the fee is 5000 Yen no matter the amount with a single transaction withdrawal limit up to 50,000 Yen.

https://www.jp-bank.japanpost.jp/en/djp/en_djp_index.html

You can keep your account but you need to inform you address change.


by justmyday rate this post as useful

Re: Yucho Direct Domestic Transfers 2019/6/12 15:10
For fee for an open bank account, why not ask the bank?

To PP, the OP isnft going to do an international transfer but a domestic one as she/he will use transferwise so the 5000 yen doesnft apply to this case.

To OP, make sure you inform your bank of your address change before moving out of Japan!
by LikeBike (guest) rate this post as useful

Re: Yucho Direct Domestic Transfers 2019/6/12 16:12
@likebike

I'll also be receiving my last paycheck after I've returned to my country, and I want to be able to transfer that money into my domestic bank.

My understanding is international bank transfer, since OP receives payment after returning to his or her country and want to withdraw the money after that.
by justmyday rate this post as useful

Re: Yucho Direct Domestic Transfers 2019/6/12 16:40
through Transferwise
by ... (guest) rate this post as useful

Re: Yucho Direct Domestic Transfers 2019/6/12 17:11
To clarify, I want to do complete the transfer after I get home, but, because it's through transferwise I'll only need to do a domestic transfer with the JP Bank.

I don't mind using a token to do a large money transfer, but will a token work if you don't have one of the JP posts so called secure emails?
by Mochijunkie (guest) rate this post as useful

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