Recommended Banks for Opening an Account
In Japan, having a bank account is essential for various aspects of daily life, such as paying rent, utilities, and receiving your salary. Additionally, you’ll need a bank account to create a credit card. Let’s go over the process of opening a bank account in Japan and some recommended banks for foreigners.
■ Requirements for Opening a Bank Account
• Personal identification documents: Residence card, Special Permanent Resident Certificate, Passport, Driver’s license, etc.
• Proof of current address: Residence card or Special Permanent Resident Certificate with your address, or recent receipts or bills for mobile phone, water, gas, or electricity.
• Student or Employee ID: Required for students or employees.
• Personal seal (hanko): In some cases, banks may ask for a hanko (personal stamp).
• Contactable phone number: A valid phone number is needed.
■Recommended Banks for Foreigners
- Application: Online applications available, multilingual support.
- Requirement: Residence card with a validity of 3 months or more.
- Key Points: Nationwide branches, many in-branch services, and ATMs for added convenience.
- Application: Online application available, English support.
- Requirement: Must have a stay duration of 6 months or more in Japan.
- Key Points: Provides online banking services in English, making it convenient for foreign residents.
- Application: Application is by postal mail only, with English support.
- Requirement: Must have a stay duration of 6 months or more in Japan.
- Key Points: Offers international transfers and foreign currency transactions via a dedicated app for foreigners in English.
GMO Aozora Net Bank (Net Bank)
- Application: Online application only, multilingual support available.
- Requirement: Must have a stay duration of 6 months or more in Japan.
- Key Points: Offers same-day account opening for a quick and easy process.
When selecting a bank, consider choosing one with branches or ATMs near your home or workplace for added convenience. Attempting to open an account at a distant location could increase the chances of being rejected.
■ International Money Transfers
For international money transfers, consider using WISE, which is simpler, more convenient, and often has lower fees compared to traditional bank services.