Bank Account in Japan: Guide to Opening a Personal Account as a Foreigner

Opening a bank account in Japan is essential for anyone planning to live in Japan long-term—whether you're working in Japan, studying, or just settling down. While the process of opening a bank account might seem intimidating, especially for foreign residents, this guide walks you through everything you need: from required documents and identification documents, to how to choose a bank, complete your application form, and access online banking services.

Bank Account in Japan: Requirements for Foreign Residents

To open an account in Japan, you must meet specific eligibility conditions depending on the bank. Whether you’re looking to open a personal bank account, a corporate account, or a savings account, here’s what’s required.

Residency Requirement

Most banks in Japan require that you have resided in Japan for at least 6 months, though some are more flexible.

• Japan Post Bank and Mizuho Bank allow account opening after 3 months if you're employed.
• Shinsei Bank typically requires proof of employment or 6-month stay.
• If you’re a non-resident, it’s much harder to open a Japanese bank account unless it’s a specialized international account.

Necessary Identification Documents

Prepare these documents in advance to apply for an account:

• Residence Card (在留カード) – must be valid and show your current address.
• Passport – often requested alongside your residence card.
• Personal Seal (Hanko) or signature – depending on the bank.
• Japanese Phone Number – required for verification.
• Proof of Address – Jūminhyō or utility bill if your residence card is not updated.
• Student or Employee ID – if applying as a student or worker.
• My Number Card – not always required to open a personal account, but usually asked later.

If you're planning to visit the branch, bring these with you. For online application, you may need to submit documents by mail or upload them.

Choose a Bank in Japan: Where Foreigners Should Open an Account

Choosing the right Japanese bank depends on your language ability, residency status, and banking needs. Here's a comparison of the most foreigner-friendly banks in Japan.

Japan Post Bank (Yūcho)

• A favorite among new arrivals due to flexible requirements and a large network of ATMs.
• Open a personal account after 3 months of residency.
• Apply online or in person.
• Multilingual application form options.
• Passbook and cash card issued by mail or at a bank branch.
• Basic banking services and savings accounts available.
• No monthly account maintenance fees.

SBI Shinsei Bank

• Known for its English support and flexible options.
• Accepts non-resident applicants if working or after 6 months.
• No hanko required.
• Online banking and account setup available in English.
• Offers international transactions and remittance via GoRemit.
• Free ATM usage depending on your account tier.

SMBC Trust Bank (Prestia)

• Designed for expats with a focus on global banking.
• Open a personal bank account with a signature – no seal required.
• Offers multi-currency features and debit cards for foreign use.
• Includes a Visa Debit and access to international services.
• Charges a monthly fee unless balance or payroll deposit conditions are met.

Rakuten Bank

• Perfect for online shoppers and those in the Rakuten ecosystem.
• Supports online application in English.
• Tied into Rakuten Points system.
• Good online banking services and debit card options.
• Great for tech-savvy users who are comfortable using Japanese apps.

Sony Bank

• Another online-only option with full English support.
• Apply online with English instructions.
• Offers foreign currencies, debit cards, and international-friendly services.
• No bank branch needed – all done digitally.

Seven Bank

• Offers fast access and convenience.
• Open an account via app with identification documents.
• Collect cash card at your local 7-Eleven.
• 24/7 access to ATMs.
• Supports international transfers via Western Union.

How to Apply for a Bank Account: Step-by-Step Guide to Opening

There are two ways to open a bank account in Japan:

1. Visit the Bank in Person

Bring your necessary documents to the bank branch. You’ll be asked to:

• Fill out the application form (often in Japanese).
• Provide your residence card, phone number, and possibly your My Number.
• Use your hanko or signature.
• Choose your account type: savings account, personal account, or combined Visa debit/cash card.
• Receive your passbook and cash card immediately or by registered mail.

2. Apply Online

Many banks now let you apply online through an app or website:

• Upload or mail your identification documents.
• You may need to activate your account later by visiting a branch or receiving your cash card by mail.
• Common banks with online setup: Shinsei Bank, Sony Bank, Rakuten Bank, Seven Bank.

ATM Use and Card Options in Japan

ATMs are still heavily used in Japan, even with growing cashless options.

• Seven Bank ATMs (in 7-Eleven) are the most accessible – available 24/7 with English support.
• Lawson Bank and E-net ATMs (FamilyMart) also support most cards and have extended hours.
• Use your cash card or Visa debit card for cash withdrawals, deposits, and transfers.
• Many financial institutions allow you to deposit directly into your savings account via ATM.
• ATM fees vary depending on the bank and time of day. Online banks often reimburse ATM fees.

Typical Fees and Charges When You Open a Bank Account

• Account Maintenance: Free for most personal accounts, except Prestia (¥2,000/month unless waived).
• ATM Fees: ¥0–¥220 per use, depending on time and ATM brand.
• Transfer Fees: ¥0–¥660 for domestic transfers depending on the type of account and method.
• International Transactions: ¥3,000–¥7,500 for overseas remittance.
• Debit Cards: Free. Can be used for online shopping and international spending.
• Bank Book Replacement: Around ¥1,000 if lost.

Tips for Foreigners Opening a Japanese Bank Account

• Visit to the bank with a Japanese-speaking friend if you’re unsure of the language.
• Apply online if available, and fill out the application form carefully.
• Always update your address after moving – banks send important updates via mail.
• Use online banking to manage your account efficiently and save time.
• Don’t open more accounts than you need – one good local bank account is enough.
• Renting an apartment often requires a local bank for payments.
• Activate your account properly by completing all follow-up steps like PIN setting or app registration.

By following this guide, you’ll confidently open a personal bank account in Japan that fits your needs—whether you need it for your job, rent payments, or just to start saving. Remember, banks in Japan offer a wide range of financial products, and with the right planning, even newcomers can smoothly integrate into the system.