Search found 4 matches

by chuhai
Wed Aug 16, 2023 1:41 pm
Forum: Banking
Topic: Prestia and leaving Japan/pension/iDeco
Replies: 20
Views: 6375

Re: Prestia and leaving Japan/pension/iDeco

I don't have PR and was able to keep my account open. Best not to have PR if you are leaving Japan and have substantial assets, as PR means you may open yourself up to a punitive exit tax. Did you tell them that you live overseas? If yes, when did you tell them? I have also heard that if you hold a...
by chuhai
Wed Aug 16, 2023 5:25 am
Forum: Banking
Topic: Prestia and leaving Japan/pension/iDeco
Replies: 20
Views: 6375

Re: Prestia and leaving Japan/pension/iDeco

Sorry to drag up an old thread but this is very relevant for me. I am a gold status customer at prestia with a substantial amount in the account. Keeping me account open after leaving would remove a lot of stress about making final payments e.g for credit cards etc and avoid a forced conversion to o...
by chuhai
Fri May 27, 2022 12:22 am
Forum: Banking
Topic: Transfering money from Japan to Interactive Brokers LLC
Replies: 77
Views: 47125

Re: Transfering money from Japan to Interactive Brokers LLC

Thank you Telebroker! Your earlier post is extremely helpful. it is important to realize that they already make their cut by applying a different exchange rate which will deviate from the bare market-rate in favor of the bank Let me dig into this a bit more. It's certainly true that Prestia usually ...
by chuhai
Wed May 25, 2022 6:17 am
Forum: Banking
Topic: Transfering money from Japan to Interactive Brokers LLC
Replies: 77
Views: 47125

Re: Transfering money from Japan to Interactive Brokers LLC

New to the forum, but would like to share my experience here with prestia. The following approach worked for me and may be suitable in some situations. In my case, I have USD sitting in a prestia multi-money account so I wanted to try transferring it to the IB-LLC USD account. 1. Register the intent...