How to withdraw yen from dollars using SBIsec

Post Reply
rtaylor
Probation (posts moderated and no PMs)
Posts: 1
Joined: Thu Sep 29, 2022 1:21 pm

How to withdraw yen from dollars using SBIsec

Post by rtaylor »

Sorry if this is super obvious, but I recently sold some US shares from my NISA and now have $ in my account, how do I change this to yen to withdraw the cash?
Thanks in advance
Paulo
Newbie
Posts: 14
Joined: Fri Jun 17, 2022 10:45 am

Re: How to withdraw yen from dollars using SBIsec

Post by Paulo »

I've never withdrawn, only deposited, but looking at this page it would appear you need a Sumishin SBI Net Ginko account with foreign currencies that's linked to your SBI account.
Attachments
Screenshot 2022-10-05 223828.png
User avatar
RetireJapan
Site Admin
Posts: 4728
Joined: Wed Aug 02, 2017 6:57 am
Location: Sendai
Contact:

Re: How to withdraw yen from dollars using SBIsec

Post by RetireJapan »

I've never used SBI, but I think this section of the 出金 page might allow you to change dollars to yen?

Image
English teacher and writer. RetireJapan founder. Avid reader.

eMaxis Slim Shady 8-)
deepdishj
Regular
Posts: 41
Joined: Tue Aug 08, 2017 6:16 am

Re: How to withdraw yen from dollars using SBIsec

Post by deepdishj »

It's too late now for this transaction obviously, but you do have the option of selling in yen or in dollars when you enter the order.
User avatar
adamu
Sensei
Posts: 2337
Joined: Wed Aug 02, 2017 11:43 pm
Location: Fukuoka
Contact:

Re: How to withdraw yen from dollars using SBIsec

Post by adamu »

Best way if you have an SBI bank account is to send it to your bank account, and convert it in the bank for ¥0.03 per dollar fee.
If not, you can exchange it to Yen inside SBI Securities for ¥0.25 per dollar fee.

To send USD to your SBI Bank account: 入出金 → 外貨出金
To convert USD to JPY inside SBI Securities: 取引 → 外貨出金 → 売却

Note to self: add this to the wiki...
Post Reply