Capsule review of Transferwise: saved $200 (~2.5%) on a routine US -> Japan transfer vs. the rate bank (BoA) quoted. Nice, modern UX.
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@patio11 personal question: do you pay remittance tax on those transfers? -
@RobMDeutsch I'm a long-term Japan resident, and pay taxes here on 100% of global income. Is there a separate remittance tax I'm unaware of? - 1 more reply
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@patio11 Transferwise has quickly become my favorite for money and time it saves. In a world of large banks, their execution is fantastic!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Wow 2.5%, it is a robbery. My bank usually takes something like 0.3% for international transfers.Thanks. Twitter will use this to make your timeline better. UndoUndo
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