It is possible for foreigners to open bank accounts in Japan, but planning and papers are needed. Living in Japan can be more convenient if you have a local bank account because it will be easier to pay bills, get salary payments, and handle your finances. We’ll walk you through the process of opening a foreign bank account in Japan in this guide.
Step 1: Establish Your Qualifications
In order to open a bank account in Japan, you must typically fulfill the following conditions:
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- Possess a current residency card (zairyu card) and at least six months left on your visa
Having a phone number and address in Japanese
- Have at least eighteen years of age
Additional conditions, like a minimum deposit amount or a specific visa status, might apply to some banks.
Step 2: Selecting a Bank
In Japan, there are numerous banks that provide services to international clients. Among the well-liked choices are:
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- Japan Post Bank (formerly Yucho Bank)
Toyota Financial Group (MUFG)
Bank Mizuho
- Resona Bank
- Sumitomo Mitsui Banking Corporation (SMBC)
To determine which bank best meets your needs, do some research and evaluate the features, costs, and criteria of each. For the benefit of international visitors, certain banks may offer information in English or employ staff members who speak the language.
Step 3: Compile the Necessary Records
In order to open a bank account in Japan, the following documentation is usually required:
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- A passport that is valid
Residence card (also known as a zairyu card)
Evidence of residency (such as a utility bill or rental agreement)
Phone number in Japanese
Individual seal (hanko) or signature (a hanko may be required by some banks)
Before you visit the bank, make sure you have all the required paperwork ready.
Step 4: Go to the Bank Location
Tell the employees at the bank branch of your choice that you would like to open an account. They will walk you through the procedure and give you the required application forms.
Step 5: Complete the Online Application
Fill out the bank account application form by providing your contact information, visa status, and personal details. Please don’t hesitate to ask the bank staff for assistance if you need it, as the form may be in Japanese.
Step 6: Send in the Application and the Necessary Records
Give the bank employees your filled-out application form and the necessary paperwork. They will process your application and check the information you provided.
Step 7: Get Your Materials and Bank Card
The bank will provide you with a bank card (cash card) and additional materials, like a passbook or login credentials for online banking, as soon as your application is accepted. The bank employees will walk you through the process of using your account, which includes setting up internet banking and making deposits and withdrawals.
Best wishes! As a foreigner, you have now successfully opened a bank account in Japan. Your account is now available for use for transactions, bill payments, salary deposits, and other financial needs.
Additional Advice
- For foreigners who do not speak Japanese well, some banks may have English-speaking employees or provide English-language support.
- Be aware of banking hours in Japan, as most banks are open on weekdays from 9:00 AM to 3:00 PM and closed on weekends and public holidays.
- Japan is still a largely cash-based society, so having a local bank account is essential for managing your daily expenses and transactions.
- Keep your bank card and personal seal (hanko) secure, as they are used to authorize transactions and withdrawals.
Opening a bank account in Japan as a foreigner may require some effort, but it is a necessary step for living and working in the country. By following these steps and preparing the required documents, you can smoothly navigate the process and enjoy the benefits of having a local bank account in Japan.
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