10 Money Tips for Japan: How to Exchange Money Without Huge Fees
12.2 هزار بار بازدید -
6 ماه پیش
-
In this video, I share
In this video, I share tips about using money in Japan. Some of these travel tips are specific to Japan, while others are general enough for any trip.
What do I need to do before I travel? Make sure you have a Charles Schwab checking account so that you can withdraw cash in Japan!
My favorite tip is to use the Charles Schwab debit card to withdraw cash in Japan. Schwab charges no fees for any kind of ATM withdrawal, unlike other big banks who charge fees for international withdrawals. Schwab will even reimburse all ATM fees so that you can easily withdraw from any ATM. If you don't already have a Schwab account, you'll want to open one before your trip so that you can fund it with cash in order to be able to withdraw cash in Japan.
~ RESOURCES ~
💳 NerdWallet – Best No Foreign Transaction Fee Credit Cards of January 2024: https://www.nerdwallet.com/best/credi...
This is not sponsored. NerdWallet is my go-to resource for a lot of credit information, but that doesn’t mean they are perfect either. Do your own research for your own unique circumstances.
💹 Credit cards have some of the best exchange rates:
- https://www.nerdwallet.com/article/cr...
- https://www.finlywealth.com/post/are-...
- https://globalnews.ca/news/9068900/ex...
- https://www.creditkarma.com/advice/i/...
🧮 Visa exchange rate calculator: https://usa.visa.com/support/consumer...
🧮 Mastercard exchange rate calculator: https://www.mastercard.us/en-us/perso...
💴 Breakdown of Japan's currency: https://www.worldwandering.net/tips/j...
🏧 Another channel's video showing what ATM screens actually look like when they ask you to choose between US dollars vs Japanese yen: Best Yen Money Exchange Rate: 7-11's ...
~ CHAPTERS ~
00:00 Intro
00:26 - 1) Use a no foreign transaction fee credit card
02:19 - 2) Charge your credit card in the local currency, in this case Japanese yen
03:19 - 3) Visa and Mastercard have some of the best exchange rates
04:50 - 4) You need to carry cash
05:40 - 5) Use a Charles Schwab debit card to withdraw cash from an ATM in Japan
07:59 - Important Tip) When using an ATM, always withdraw in the local currency, in this case Japanese yen. Always decline conversion.
10:15 - 6) Get Japanese yen through your bank before you fly
10:56 - 7) How much cash should you carry
11:53 - 8) Don’t tip in Japan
12:33 - 9) Use the tray to place your cash or card when paying
13:00 - 10) Let your bank know when you’re traveling
Get a no foreign transaction fee card. Why would I want to pay foreign transaction fees when I can easily avoid them? Foreign transaction fees are just another way that credit card companies and banks make money off of the consumer.
Caveat: you gotta take advantage of credit cards, and don't let credit cards take advantage of you. I'm a big fan of using as many credit card rewards as I can, but I also am aware that credit cards are not for everyone.
When using your credit card in Japan, you may be asked to select between Japanese yen or US dollar. Always select the local currency, which is Japanese yen. If you select your home currency, or US dollar in this case, then you'll end up paying more because the exchange rate is worse. You don't want to pay more, you want to pay less!
Using a credit card is so convenient, and another one of the benefits is that Visa and Mastercard have some of the best exchange rates.
In Japan, you still need to carry cash with you.
My favorite tip is to use the Charles Schwab debit card to withdraw cash in Japan. Schwab charges no fees for any kind of ATM withdrawal, unlike other big banks who charge fees for international withdrawals. Schwab will even reimburse all ATM fees so that you can easily withdraw from any ATM. If you don't already h
When using an ATM, make sure to always select the local currency. Always decline conversion. Otherwise you end up paying more in fees.
A popular way to get yen before you fly is to go through your bank. Be warned that most of the time, you end up paying more if you go through your bank.
I like to carry the equivalent of about $100 - $300 US dollars in Japan. It's enough for emergencies and so that I don't have to constantly pull money from the ATM every day.
Don't tip in Japan.
Use the tray to place your cash or card when paying. It's not the end of the world if you don't, but when in Rome, do as the Romans do!
Let your bank know when you're traveling. Personally, I never contact my bank and have never had any problems, but you never know!
What do I need to do before I travel? Make sure you have a Charles Schwab checking account so that you can withdraw cash in Japan!
My favorite tip is to use the Charles Schwab debit card to withdraw cash in Japan. Schwab charges no fees for any kind of ATM withdrawal, unlike other big banks who charge fees for international withdrawals. Schwab will even reimburse all ATM fees so that you can easily withdraw from any ATM. If you don't already have a Schwab account, you'll want to open one before your trip so that you can fund it with cash in order to be able to withdraw cash in Japan.
~ RESOURCES ~
💳 NerdWallet – Best No Foreign Transaction Fee Credit Cards of January 2024: https://www.nerdwallet.com/best/credi...
This is not sponsored. NerdWallet is my go-to resource for a lot of credit information, but that doesn’t mean they are perfect either. Do your own research for your own unique circumstances.
💹 Credit cards have some of the best exchange rates:
- https://www.nerdwallet.com/article/cr...
- https://www.finlywealth.com/post/are-...
- https://globalnews.ca/news/9068900/ex...
- https://www.creditkarma.com/advice/i/...
🧮 Visa exchange rate calculator: https://usa.visa.com/support/consumer...
🧮 Mastercard exchange rate calculator: https://www.mastercard.us/en-us/perso...
💴 Breakdown of Japan's currency: https://www.worldwandering.net/tips/j...
🏧 Another channel's video showing what ATM screens actually look like when they ask you to choose between US dollars vs Japanese yen: Best Yen Money Exchange Rate: 7-11's ...
~ CHAPTERS ~
00:00 Intro
00:26 - 1) Use a no foreign transaction fee credit card
02:19 - 2) Charge your credit card in the local currency, in this case Japanese yen
03:19 - 3) Visa and Mastercard have some of the best exchange rates
04:50 - 4) You need to carry cash
05:40 - 5) Use a Charles Schwab debit card to withdraw cash from an ATM in Japan
07:59 - Important Tip) When using an ATM, always withdraw in the local currency, in this case Japanese yen. Always decline conversion.
10:15 - 6) Get Japanese yen through your bank before you fly
10:56 - 7) How much cash should you carry
11:53 - 8) Don’t tip in Japan
12:33 - 9) Use the tray to place your cash or card when paying
13:00 - 10) Let your bank know when you’re traveling
Get a no foreign transaction fee card. Why would I want to pay foreign transaction fees when I can easily avoid them? Foreign transaction fees are just another way that credit card companies and banks make money off of the consumer.
Caveat: you gotta take advantage of credit cards, and don't let credit cards take advantage of you. I'm a big fan of using as many credit card rewards as I can, but I also am aware that credit cards are not for everyone.
When using your credit card in Japan, you may be asked to select between Japanese yen or US dollar. Always select the local currency, which is Japanese yen. If you select your home currency, or US dollar in this case, then you'll end up paying more because the exchange rate is worse. You don't want to pay more, you want to pay less!
Using a credit card is so convenient, and another one of the benefits is that Visa and Mastercard have some of the best exchange rates.
In Japan, you still need to carry cash with you.
My favorite tip is to use the Charles Schwab debit card to withdraw cash in Japan. Schwab charges no fees for any kind of ATM withdrawal, unlike other big banks who charge fees for international withdrawals. Schwab will even reimburse all ATM fees so that you can easily withdraw from any ATM. If you don't already h
When using an ATM, make sure to always select the local currency. Always decline conversion. Otherwise you end up paying more in fees.
A popular way to get yen before you fly is to go through your bank. Be warned that most of the time, you end up paying more if you go through your bank.
I like to carry the equivalent of about $100 - $300 US dollars in Japan. It's enough for emergencies and so that I don't have to constantly pull money from the ATM every day.
Don't tip in Japan.
Use the tray to place your cash or card when paying. It's not the end of the world if you don't, but when in Rome, do as the Romans do!
Let your bank know when you're traveling. Personally, I never contact my bank and have never had any problems, but you never know!
6 ماه پیش
در تاریخ 1402/10/28 منتشر شده
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