Sending USD straight to Rakuten Securities from overseas
Posted: Mon Mar 01, 2021 5:55 am
I think this subforum fits the best.
So, to secure some funds and well, make tax reporting easier amongst other things, I'm seriously considering selling my position of my employer's stock in a US broker and then buying the same stock with NISA and specific account (and keeping some cash to pay this years extra taxes...). I was looking at the Rakuten's page for USD transfers, and it looks like I can send USD directly from US entity to securities without a pit-stop at a local Japanese bank (and skip some FX fees)
Has somebody done this before and how was the experience? I'm a bit leery because the page doesn't even show the SWIFT code for the Rakuten Securities intermediate bank...
https://www.rakuten-sec.co.jp/web/servi ... x_pay.html
So, to secure some funds and well, make tax reporting easier amongst other things, I'm seriously considering selling my position of my employer's stock in a US broker and then buying the same stock with NISA and specific account (and keeping some cash to pay this years extra taxes...). I was looking at the Rakuten's page for USD transfers, and it looks like I can send USD directly from US entity to securities without a pit-stop at a local Japanese bank (and skip some FX fees)
Has somebody done this before and how was the experience? I'm a bit leery because the page doesn't even show the SWIFT code for the Rakuten Securities intermediate bank...
https://www.rakuten-sec.co.jp/web/servi ... x_pay.html