Article
3 min read
Author
Gabriele Culot
Published
November 13, 2023
Last Update
June 21, 2024
Table of Contents
Choosing the right bank for you
Gathering the required documents
Popular types of bank accounts in Japan
Access to online and mobile banking in Japan
Explore additional financial services
Experience Japan to the fullest with Deel
Immigrants from all over the world are drawn to Japan's rich culture and powerful business environment. If you are planning to move to Japan or starting a new chapter in your life there, opening a bank account is one of the first things you should do.
Learn more about the process, its steps, and requirements in this comprehensive guide.
The bank needs to verify your identity to process your application. The documents you will have to provide may vary depending on your status in the country, length of stay, and other factors.
Keep in mind that the list of necessary documents may vary depending on the bank’s policies. Contact your chosen bank in advance to understand their specific documentation needs, as these requirements vary.
Language assistance: If you’re not fluent in Japanese, consider bringing a local friend or colleague to assist with translation. Alternatively, look for banks with multilingual staff or English-language services to facilitate communication.
Visit during non-peak hours: Try to visit the bank during non-busy hours, usually mid-morning or early afternoon, to avoid long wait times and receive more personalized attention from bank staff.
Schedule an appointment: Some banks allow you to schedule an appointment in advance. Calling ahead and setting up a meeting can ensure that a staff member is available to assist you promptly and efficiently.
Be polite and patient: Japanese culture values politeness and patience. Approach the process respectfully, and be patient if there are delays or additional requirements. Courtesy can go a long way in establishing a positive relationship with the bank staff.
Bring cash: Many banks require an initial deposit to open an account. Bring enough cash to cover the minimum deposit requirement specified by the bank.
Ask questions: Don’t hesitate to ask about account and withdrawal fees, transaction limits, online banking services, or other concerns. Clearing your doubts beforehand can prevent misunderstandings later on.
Follow-up: After submitting your application form, follow up with the bank to check the status of your account opening process. This proactive approach ensures that your application is processed promptly.
In Japan, there are several types of bank accounts catering to different financial needs and preferences. Here is a list of commonly available bank account types beyond the typical personal account (futsū yokin):
In Japan, online and mobile banking services have become increasingly sophisticated, offering various features to cater to customers’ financial needs. Here is a list of commonly available online and mobile banking options in the country:
Remember that the availability of these features may vary depending on the specific bank and the type of account you hold. It’s advisable to check with your chosen bank for detailed information on the online and mobile banking services they offer.
Beyond basic banking, Japan’s financial institutions offer specialized services tailored to diverse customer needs:
In addition to basic banking services and online/mobile banking features, Japanese banks often provide a range of additional services and features to cater to the diverse financial needs of their customers. Here is a list of commonly available additional banking services and features in Japan:
It’s important to note that the availability of these services can vary between different banks and may depend on factors such as account type, customer eligibility, and specific agreements between the bank and its customers. Customers should contact their respective banks to inquire about the specific additional services and features offered (such as transfer fees, exchange rates, bankbook availability, and more).
Whether you’re a digital nomad, an expat, or a traveler exploring Japan, the country’s rich culture, advanced banking services, and global connectivity offer you the tools to manage your finances seamlessly. However, even before you start shopping for banking services, you will have to secure a visa, or relevant permits to live in Japan.
Deel simplifies obtaining essential visas and permits for your Japanese journey. Explore how our visa support services can assist you in realizing your ambitions in Japan, and begin planning your adventure today.
Solutions
© Copyright 2024. All Rights Reserved.