I’m in the UK and would like to receive money transfer from my parents in Japan.
In this case, 1. do they need to create Revolut account, or 2. is it possible for them to use usual bank transfer to my Revolut GBP account at free of charge?
They create Revolut JPY account and top-up money there.
They transfer the JPY money from their Revolut account to my Revolut JPY account.
I can exchange the JPY to GBP in my accounts and spend it in the UK.
They transfer JPY through Japanese bank to my Revolut JPY account.
I can exchange the JPY to GBP between my accounts and spend it in the UK.)
I suppose that in the 2nd way, transfer fee may be charged by Japanese bank, but just to be clear, could anyone give me advice?
Sorry about a bit long question and thank you for reading so far.