How to Open a Bank Account in Japan
Mesan Ali
Opening a bank account in Japan is one of the most important steps if you’re planning to live, work or study in the country. From receiving your salary to paying rent and utility bills, a Japanese bank account makes day‑to‑day life far easier. For foreigners, however, the process can feel intimidating due to language barriers, documentation requirements and the unique features of Japan’s banking system.
This guide walks you through everything you need to know – from account types and required documents to the step‑by‑step process and common challenges – so you can open a bank account in Japan with confidence.
Understanding the Banking Landscape in Japan
Japan’s banking system is well established, with both traditional banks and modern digital options. Major nationwide banks such as Mizuho Bank, MUFG Bank and SMBC (Sumitomo Mitsui Banking Corporation) dominate the sector, while Japan Post Bank and regional credit unions serve local communities. In recent years, digital banks and mobile app‑based services have gained popularity, particularly among younger customers and foreigners looking for convenience. Some services even offer English‑language interfaces, making banking more accessible for expatriates.
Two of the largest banks you might consider are Mizuho Bank and MUFG Bank. Both have extensive branch networks and offer services in multiple languages.
Types of Bank Accounts Available
You can choose from a range of account types when opening a bank account in Japan. The most common option is the ordinary deposit account (Futsū Yokin), which you’ll use for salary deposits, bill payments and everyday transactions. Some banks also offer savings accounts designed to accumulate funds over time, often with minimal interest. Foreign currency accounts allow you to hold deposits in currencies such as USD or EUR, while student accounts come with lower fees or special benefits. Finally, online and digital accounts offered by fintech services like Rakuten Bank or Sony Bank can be opened and managed entirely online.
Also Read: Top 10 Banks in Japan
Eligibility Criteria
To open a bank account you generally need to be at least 18 years old (some banks may offer accounts for minors with parental consent), hold a valid residence status – tourists cannot open standard accounts – and have a registered address in Japan. Some banks offer simplified accounts for students or those with shorter stays.
Documents Required
Preparation of documents is one of the most important aspects of opening an account in Japan. Requirements may vary slightly between banks, but you will usually need a residence card (在留カード) as proof of legal residency, your passport, and proof of address such as a recent utility bill. Some banks still require a personal seal (hanko), although many now accept signatures. Students should provide an ID card or enrolment certificate, and salaried workers may need to show a work contract. If you’ve been in Japan less than six months you may find certain services, such as international transfers, restricted.
Step‑by‑Step Process
The process generally begins with choosing a bank. Compare major banks, regional banks and digital options based on English support, ATM availability and international transfer capabilities. Next, select the account type that suits your needs and prepare your documents. Traditional banks often require an in‑person application, while services like Rakuten Bank allow you to apply online. At the branch or online, fill out the application form (often in Japanese), provide your hanko or signature and submit your documents for review. If approved, your account is usually activated the same day. You’ll then receive a bank book and cash card, often mailed to your registered address within a week. Don’t forget to register for online or mobile banking to manage payments and transfers.
Minimum Deposit and Fees
Unlike some countries, most Japanese banks do not require a large minimum deposit; in many cases you can open an account with as little as ¥1,000 (about USD 7). However, you should be aware of common fees. ATM withdrawals may be charged if you withdraw outside business hours or at other banks’ machines, international transfer fees can be relatively high compared with fintech services and some digital banks require minimum balances or activity to waive monthly fees.
Digital Banking Options
Japan is gradually embracing digital banking, and these services can be especially convenient for foreigners. Rakuten Bank offers a fully online experience with English‑friendly features and integration with the broader Rakuten ecosystem. Sony Bank and PayPay Bank allow you to manage your account online and often support foreign currency deposits. These accounts can be opened without visiting a branch, making them attractive if you want to avoid paperwork in Japanese.
How to Choose the Right Bank Account
Consider your personal situation when choosing a bank. For everyday living, Japan Post Bank has the widest ATM network, making it very convenient. Banks like Shinsei Bank and Rakuten Bank are known for being foreigner‑friendly and offering English support. Students can look for banks that partner with universities to offer simplified accounts, while those planning international transfers may prefer banks that integrate with services like Wise or fintech alternatives that provide lower fees than traditional banks.
Common Challenges and How to Overcome Them
Opening a bank account in Japan isn’t always smooth for foreigners. The language barrier can be significant because most forms are in Japanese; choosing a foreigner‑friendly bank or bringing a Japanese‑speaking friend can help. Proof of residency can be an issue if you’ve just arrived, so you may need to wait until your address is officially registered. Banks often restrict international transfers if you’ve been in Japan less than six months, and some still require a hanko. Fortunately, many banks now accept signatures.
Frequently Asked Questions
Can I open a bank account in Japan as a tourist?
No, tourists are not eligible. You need a valid residence card.
How long does it take to open a bank account?
The process usually takes about 30–60 minutes at a branch. Cash cards are mailed within a week.
Also Read: Top 10 Banks in Japan
Which bank is best for foreigners?
Shinsei Bank, Rakuten Bank and Japan Post Bank are popular choices because they offer more accessible services for non‑Japanese speakers.
Do I need a hanko?
Not always. Some banks still require a hanko, but many now accept signatures.
Can I open an account online?
Yes. Digital banks such as Rakuten Bank, Sony Bank and PayPay Bank let you apply online.
Tips to Make the Process Easier
Go with a friend who speaks Japanese if you’re applying in person.
Choose a foreigner‑friendly bank such as Shinsei Bank or Rakuten Bank to avoid unnecessary hurdles.
If you’re planning to send money overseas, set up Wise or another remittance service alongside your Japanese account.
Always carry your residence card and passport when visiting a bank.
The Future of Banking in Japan
Japan is slowly shifting toward digital solutions, although traditional banking still plays a big role. With the government promoting cashless payments, digital banks and mobile wallets are expected to grow. For foreigners, this means easier access, more English support and faster services in the coming years.
Conclusion
Opening a bank account in Japan may feel daunting at first, but with the right documents and preparation the process is straightforward. From choosing between traditional and digital banks to understanding fees and requirements, being informed helps you avoid unnecessary stress. Whether you’re a student, a worker or a long‑term resident, the right account will make your financial life in Japan much easier. Take the time to compare banks, prepare your documents and start your journey toward financial independence in one of the world’s most advanced economies.