Sending money to my Japan bank account from UK with WISE

[danny15]

Hi folks, I hear that so long as the amount of Yen sent is under 1 million, then it will not be flagged. How true is this?
If I send amounts of 999,999 Yen once per month for 4 months in a row, these will not be flagged? I find that hard to believe.
If anyone knows the answer from experience, please let me know. Thanks!

[RetireJapan]

I have heard anything over 100,000 yen is reported to the tax office.

Some banks will routinely question even small transfers.

The key issue is not whether it gets flagged, but whether you owe taxes due to the transfer. If not, then even if it is flagged you can generally explain and get it cleared up quite quickly.

[danny15]

I have heard anything over 100,000 yen is reported to the tax office.

Some banks will routinely question even small transfers.

The key issue is not whether it gets flagged, but whether you owe taxes due to the transfer. If not, then even if it is flagged you can generally explain and get it cleared up quite quickly.

OK, thanks. But I am pretty sure it's 1,000,000 not 100,000

[madmick]

Notification from my Canadian bank that money transfers into Japan will require a verification of My Number beginning this month... what if recipient does not have a My Number?

[RetireJapan]

Notification from my Canadian bank that money transfers into Japan will require a verification of My Number beginning this month... what if recipient does not have a My Number?

Anyone living in Japan has a My Number, even if they don't have the plastic card. You can check it by getting your jyuuminhyou or the paper notification.

[SLW]

Not to be pedantic, but this is not right. Anyone living in Japan on an Official or Diplomatic visa and anyone on SOFA will not have a My Number (no Zairyu card either) card. All of these people can get Japanese bank accounts and send/receive transfers without issue. In fact, those living in Japan on these visa statuses cannot get a My Number even if they wanted one. I would guess the number of people on these types of visas would be in the hundreds of thousands of people (including dependents) across the US military/contractors, all diplomatic missions and foreign government employees and all employees of international organizations (e.g. UN, IMF, World Bank…etc) living in Japan.

[RetireJapan]

Not to be pedantic, but this is not right. Anyone living in Japan on an Official or Diplomatic visa and anyone on SOFA will not have a My Number (no Zairyu card either) card. All of these people can get Japanese bank accounts and send/receive transfers without issue. In fact, those living in Japan on these visa statuses cannot get a My Number even if they wanted one. I would guess the number of people on these types of visas would be in the hundreds of thousands of people (including dependents) across the US military/contractors, all diplomatic missions and foreign government employees and all employees of international organizations (e.g. UN, IMF, World Bank…etc) living in Japan.

Fair enough. Anyone living in Japan normally...