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international banking

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international banking

Postby Dehitay » Mon 08.27.2007 7:42 pm

I live in the US and plan to go to Japan after I graduate from college. I've started getting a passport and doing other things to get ready for the move. I've been wondering if anyone here knows of a bank that is popular in both the US and Japan. I'm guessing at least one of the cooperate giants here invaded Japan by now. I'm hoping it would be possible to open an account for US dollars and an account for yen and transfer between the 2 as needed with whatever exchange rate the bank uses.
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RE: international banking

Postby clay » Mon 08.27.2007 11:57 pm

I'll just mention Citibank is in Japan. However, I am not sure if a US and Japanese bank account can be 'linked'. My guess is a wire transfer from a Citi Japanese bank to a US Citi bank, would probably cost about the same as from any other bank.

I'd also like to hear from people currently living in Japan about how they move money to and from their home country.
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RE: international banking

Postby Yudan Taiteki » Tue 08.28.2007 8:57 am

I used a Lloyd's account. It was pretty simple; I could do it from an ATM.
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RE: international banking

Postby lbum » Tue 08.28.2007 2:22 pm

Could you explain more about this Lloyd account?
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RE: international banking

Postby battousai » Tue 08.28.2007 11:23 pm

golloyds, which is just a money wiring company but requires you to have a japanese address (about $60 total for a transaction), or a postal money order but you have to have someone cash it for you back at home.

citibank is the bank most people i know chose to set up when coming here because you can indeed withdraw money from it, though im not sure if you can deposit into it from a japanese branch or if you still have to send it back home.

dont forget at any post office you can use any international atm card to take out money from your account (in yen)
Last edited by battousai on Tue 08.28.2007 11:24 pm, edited 1 time in total.
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RE: international banking

Postby Yudan Taiteki » Wed 08.29.2007 8:46 am

I don't remember it costing $60 per transaction, but I did forget that golloyds is intended for larger transfers and not weekly use.
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RE: international banking

Postby lbum » Wed 08.29.2007 11:21 am

Umm I think I will need to visit the country and find out if I can pay student loans in Yen. That would be nice.
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