FlyerTalk Forums - View Single Post - Options to withdraw JPY as cash from Wise?

Sep 12, 2023 | 10:32 pm

#7

lowkeyflyer

Join Date: Jun 2022

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Quote:

Originally Posted by bmwe92fan

1. Todays rate is 147 -- so it's close.
2. Many retail / restaurants will present you with a machine to pay and ask if you want to pay in yen or USD -- ALWAYS choose yen.
3. Yes -- in Japan. I will withdraw the max amount per day for weeks if I can -- please understand that we live in Japan and the US -- but I earn most of our money in the US -- so when the yen is weak like it is now we "stock it up" lol.... When we bought our home in Japan we took a much smaller mortgage (which is virtually free in Japan) than we normally would because the exchange rate was so favorable -- the bank wire fees were not too bad but the exchange rate was incredible - we saved 25% on our home -- which is a big deal in Tokyo as properties rarely, if ever, appreciate -- they only depreciate....

I see. Thank you for the wealth of information.
Then for me, as a US citizen living in the US, what is my best option for withdrawing yen (assuming I need it for cash transactions and can't use an American CC)?

Are you saying that taking my Chase/Wells Fargo/US Bank debit card and just going to an ATM in Japan is better than going through Wise?

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