How to Open a Bank Account in Japan

Date published

October 16, 2023

Introducing Recommended Banks for Opening an Account

In your life in Japan, there are many situations where you will need a bank account, such as paying rent, utility bills, or receiving your salary.

Additionally, having a bank account is necessary when creating a credit card. Let's discuss opening a bank account in Japan.

■Requirements

・Personal identification documents (Residence card, Special Permanent Resident Certificate, Passport, Driver's license, etc.)

・Proof of your current address (Residence card or Special Permanent Resident Certificate with your address, or original receipts or bills for mobile phones,

water, gas, and electricity)

・Student ID or Employee ID

・Personal seal (hanko)

・Contactable phone number

■Recommended Banks for Foreigners

Japan Post Bank (Yucho Ginko)

・Online application available, multilingual support.

・Requirement: A residence card with a validity of 3 months or more.

・Key points: Nationwide branches and a high number of in-branch services and ATMs, providing convenience.

SBI Shinsei Bank

・Online application available, English support.

・Requirement: Stay duration in Japan of 6 months or more.

・Key points: Offers online banking services in English for added convenience.

Sony bank

・Application is by postal mail only, English support.

・Requirement: Stay duration in Japan of 6 months or more.

・Key points: Allows international transfers and foreign currency transactions through a dedicated English app for foreigners.

GMO Aozora Net Bank (Net Bank)

・Online application only, multilingual support.

・Requirement: Stay duration in Japan of 6 months or more.

・Key points: Offers the option for same-day account opening, ensuring a quick process.

When choosing a bank to open an account, consider selecting one that has branches or ATMs near your home or workplace.

While convenience is important, trying to open an account from a distant location may increase the chances of being rejected.

Regarding International Money Transfers

For international money transfers, it is recommended to useWISE, which is simpler, more convenient, and often has lower fees compared to traditional bank services.