Thread: Buying yen?
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MMM (Offline)
JF Ossan
 
Posts: 12,200
Join Date: Jun 2007
06-02-2010, 05:51 PM

My pleasure.

What you are going to want to find out is, 1) Does that bank in Japan actually accept traveler's checks (not all do) and 2) Is there a hidden fee for processing we don't see there? At the rate you are being quoted for TC, it is practically charity work for the bank...they are making almost no money on the exchange, so I can't help but wonder what the motivation would be.

Charging 3 yen/pennies on the dollar is pretty standard. Personally, after a long flight like that the last thing I would want to have to do is one more thing that I could have done back at home.
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