Since when did this happen for money exchanging?

[matsuki]

Shouldn't it be the S. African bank's insurance covering this mess in the end?

I wonder how long this lower withdrawal limits will last....

[wagyl]

No worries, we'll just use credit cards....wait what? Cash onreee?!!!

Ready for the impulse-buying tourist boom in the cash-is-king economy!
How many washlets can you buy for 40,000?

No need to be harsh, SJ. My post was referred to in the post just above his, so I am not surprised that he didn't bother to read and comprehend it. That is how you have a conversation, unilaterally saying what you think without paying any attention to those around you, isn't it? Brain diarrhoea. Even more points if you can slip in some gratuitous casual racism. And he then went to make his next post, without any reference to yours, as per the rules of conversation.

(You are slipping: you are also meant to chide him for "No worries.")

[matsuki]

I echoed the sentiment with an example...sue me?

[kurogane]

Exchanging foreign currency in Japan is the only Havill / Japanologist Proof gripe I can think of. Monty Python couldn't have dreamed that up.

Is it as bad for USDs in cash? I hardly ever exchange any cash anymore and if I do I always do it at the airfield upon landing, but I could still get cold sweats thinking of having to go into a Mizuho branch to change my CADs, especially if they have changed the bank notes recently.

[yanpa]

Exchanging foreign currency in Japan is the only Havill / Japanologist Proof gripe I can think of. Monty Python couldn't have dreamed that up.

Is it as bad for USDs in cash? I hardly ever exchange any cash anymore and if I do I always do it at the airfield upon landing, but I could still get cold sweats thinking of having to go into a Mizuho branch to change my CADs, especially if they have changed the bank notes recently.

Go to the specialists, e.g. http://www.travelex.co.jp/, that's what I did when I had a couple of hundred dollar's worth of US paper currency of no use to me.

[kurogane]

Thanks, that looks good. What I meant was to ask whether the Foreign Currency (aka USD) was easier to exchange than Exotic Currencies like the CAD ot the GBP. I have sent Mizuho branch staff into knipshiites over a mixed transaction of CAD and GBP before, and in the 80s I had to travel across Sapporo because my neighbourhood branch only accepted The Foreign Currency. That looks convenient, though. If it's cash I just do it at the airport upon arrival. Getting it over and done is worth the $5-$10 surcharge from the worserer rates.

[yanpa]

Thanks, that looks good. What I meant was to ask whether the Foreign Currency (aka USD) was easier to exchange than Exotic Currencies like the CAD ot the GBP.

No idea, I rarely have the need to change cash, but if I did my instinct (despite it being modern times when you can even use credit cards from the gaikoku sometimes) would be to head somewhere other than a domestic consumer bank.

[wagyl]

My guess would be that since lessons in Introductory Kaigai for citizens of this country used to be primarily Hawaii and Guam, USD are more readily exchanged. Put it this way: if a bank deals with only one foreign currency, it will be USD. If it deals with 10 foreign currencies, CAD might be in that list.

Like everyone else here, I haven't exchanged currency for a long time, but it used to be that you had to go to a bank at one of the terminal station areas -- Shinjuku, Ikebukuro, Shibuya -- something like that to find one that would do it. I doubt that that has changed.

[kurogane]

Yes, that all makes sense. I get the regularity or prevalence vs rarity issue of course, but ummm,...........it's a bank, and I'm not trying to change Zimbabwean Rubles, or even Scottish pounds in Madras, where she repeatedly told me they only take pounds sterling. Which should of meant they could do it but it didn't

Anyhoo

[wagyl]

Maybe things are different for you, living 100 metres from 49 degrees North, where the banks regularly have to deal with USD transactions, so they all have a stock. Surely you are aware that putting up a brass plaque "we do foreign moneyz" means that you have to have a reasonable float of all the currencies you deal with, on hand. If they aren't selling that particular currency, they aren't going to buy them either.

Have you tried buying something with a Scottish banknote south of the border? I suspect that you have, and that is why you still had it on you when you were trying to get rid of it in Madras. Once again, if they can't sell it on to another customer (and almost everyone would reject it), they are not going to take it.

[wagyl]

For the first time since Canman's post, I withdrew money from a foreign account at a Post Office ATM. Previously, my withdrawals had been limited in amount by the foreign bank, but this time there was a lower limit of 50,000 Yen set by the Post Office. My previous withdrawal had been in May, only shortly before Canman's post, so perhaps there was a rule change following the Combini ATM caper after all. Maybe the rules were regional still allowing larger withdrawals in Okinawa.

This has actually stuffed up some arrangements for me, because I needed some extra funds for a deposit on a purchase, but there is no way I can get the funds together in the time available, whether a telegraphic transfer or a daily withdrawal of the maximum amount. Previously, I would have been able to make it. That is real economic impacts, right there. I hope the security improvements make up for that loss of a sale.

[Yokohammer]

For the first time since Canman's post, I withdrew money from a foreign account at a Post Office ATM. Previously, my withdrawals had been limited in amount by the foreign bank, but this time there was a lower limit of 50,000 Yen set by the Post Office. My previous withdrawal had been in May, only shortly before Canman's post, so perhaps there was a rule change following the Combini ATM caper after all. Maybe the rules were regional still allowing larger withdrawals in Okinawa.

Lower limit? Upper limit?
I might have to try this up here.



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[wagyl]

Previous limit was based on 1000 foreign currency units, set by the foreign bank, and as altered by exchange rates. That was/is greater than 50,000 Yen. Now the limit is 50,000 Yen. That is what I meant by lower limit. I suppose lesser limit might have saved you some confusion, but it might also have added a different confusion.

You can try it without making a withdrawal: just enter a preposterous sum like 1,000,000 yen and it will tell you the limit.

[kurogane]

Yes, 50,000 per transaction limit is what it said at Tokyo PO ATMs. I'll check tomorrow at an Okinawan ATM, but my gut says it's bad, it's nationwide. It's a serious pain in the ass when you're used to making one bigger W/D and paying the Cdn bank fee once.

[wagyl]

If you are doing this a lot, and it looks like you do, you may be able to find a Canadian bank which does not charge you a foreign transaction fee. I know that I was able to find such a foreign account myself. It is why it was my preferred method of transferring funds.

[kurogane]

Thanks wags. The only way to do that with Cdn banks is to carry such a high monthly minimum that you get No Fee service but lose more than by having that money turning over interest in other venues. I looked and did the numbers, though that was based on a 100,000 yen limit, and now I am at 2 to 1. Unless Okinawa is still groovy and slow. No use checking tonight because I already withdrew today, but I'll suss it out tomorrow and report. We could just get Mike Ox to dig into all his ill gotten booty and lend it to us at a nice rate......
Thanks for the suggestion though.

EDIT: There's a 50,000 per transaction limit here too now in Okinawa. That's purty fecked.

[Yokohammer]

Previous limit was based on 1000 foreign currency units, set by the foreign bank, and as altered by exchange rates. That was/is greater than 50,000 Yen. Now the limit is 50,000 Yen. That is what I meant by lower limit. I suppose lesser limit might have saved you some confusion, but it might also have added a different confusion.

You can try it without making a withdrawal: just enter a preposterous sum like 1,000,000 yen and it will tell you the limit.

Ah ... lower, as in lower than the previous time. Got it. Minor linguistic brainfart.



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[Russell]

Previous limit was based on 1000 foreign currency units, set by the foreign bank, and as altered by exchange rates. That was/is greater than 50,000 Yen. Now the limit is 50,000 Yen. That is what I meant by lower limit. I suppose lesser limit might have saved you some confusion, but it might also have added a different confusion.

You can try it without making a withdrawal: just enter a preposterous sum like 1,000,000 yen and it will tell you the limit.

Ah ... lower, as in lower than the previous time. Got it. Minor linguistic brainfart.

Your confusion is quite understandable.

In math it's called the upper bound, so upper limit should be the correct word here.

[wagyl]

Together, slowly, we can head towards perfection.

Reduced upper limit is even better.

[Russell]

Together, slowly, we can head towards perfection.

Reduced upper limit is even better.

OK, even better (mathematically speaking) would be reduced supremum, which literally means reduced least upper bound...

[kurogane]

And in this case, reductio supremum est absurdumb?

Whadda pain in the kiester, as Wagyl's problem shows. I haven't tried it yet, but I get the feeling that I can W/D 50,000 twice, or thrice, etc...........but now I have to pay for each transaction.
On a side note, unless they do someting about these patchy panicky ad hoc solutions to ongoing structural issues 2020 is going to be a logistical shiiteshow, and the old boys will be orgasmic, but the washlet sales will suffer.

Japan so interesting and so difficult, yes, very nice. Please enjoy Japan buy washlet seat and go home soon

.............all their preciously held stereotypes and prejudices confirmed

[wagyl]

supremum

Any Mums in Supre are most definitely mutton dressed as lamb.

Edit: fixed link

[matsuki]

It's a word nerd bukkakefest in here!

Ah....I remember the days when postal ATM's let you pull out 3K at a time. Life was much simpler then...

[Russell]

Until the next time some kind of robbery takes place, and they reduce the supremum to 10,000 Yen.

And the Kachou who came up with this ingenious solution get extra bonus in December...