Best banks to exchange currencies

[griffinheart]

Hey everyone,

Does anyone know or have a comparison between banks offering foreign currency accounts and which one offers the best?

I'm a freelance and work full time just for one company in the states which means I get paid in USD, recently the exchange rate USD/JPY has been getting worse so it prompted me into optimizing a bit.

I currently have a foreign currency account with Mizuho and I'm losing around 20,000jpy per month just in the offered rate by Mizuho.

[RetireJapan]

Haven't looked into it but I'm very happy with Shinsei. They offer multiple foreign currency accounts and I have transferred GBP from abroad many times.

PS welcome to the forum!

[griffinheart]

Thanks, I was already a user on the old forum but apparently needed to create a new account.

Definitely looking into optimizing this, since even if I get a 5000 yen difference that's 60000 yen a year I could use for a small trip or invest in something else.