Moving to Japan for your studies is an exciting adventure, and one of the first steps to settling in is to open a bank account. Whether you need it to receive your scholarship, pay rent, or simply manage day-to-day expenses, having a Japanese bank account is essential. Here’s everything you need to know to make the process smooth and stress-free.
At Coto School Finder, we’re here to support you with our Student First approach, making your stay in Japan smooth and enjoyable. Our free service helps you find the best school tailored for your needs! Finding the right bank for your needs is an important step in settling down, and we’re here to guide you through it. Let’s explore how to open a bank account in Japan to ensure your financial needs are covered efficiently.

Who Can Open a Bank Account in Japan?
To open a bank account in Japan, you need to have a valid visa that allows you to stay for an extended period. This includes:
- Student visa
- Work visa
- Working-Holiday visa
- Dependent visa
- Permanent resident visa
Unfortunately, tourists or those on short-term visas may face restrictions and may not be eligible to open an account. For more information on visa types, visit the Japan Immigration Services Agency. For more information on visa types, visit the Japan Immigration Services Agency.
What Documents Do You Need?
Before heading to the bank, make sure you have the following documents ready:
- Passport – Proof of your identity and visa status.
- Residence Card (Zairyuu Card / 在留カード) – This confirms your residency in Japan.
- Proof of Address – A utility bill, rental contract, or official letter showing your current Japanese address.
- My Number Card (if applicable) – Some banks may request your My Number for tax purposes. Learn more about the My Number system here.
- Japanese Phone Number & Email Address – Required for online banking and communication.
Certain banks might also request proof of employment or school enrollment, so it’s always good to check their specific requirements.
Choosing the Right Bank
There are several banking options in Japan, each with its own advantages depending on your needs. Here are some popular choices:
1. Mega Banks (Good for accessibility and reliability)
- Mizuho Bank (みずほ銀行) – Official website
- Mitsubishi UFJ Bank (三菱UFJ銀行) – Official website
- Sumitomo Mitsui Banking Corporation (SMBC – 三井住友銀行) – Official website
These banks offer extensive branch networks, English support in major cities, and a range of services, including credit cards. However, they may have higher fees compared to other options.
2. Japan Post Bank (Yucho ゆうちょ銀行)
A popular choice for international students due to its ease of opening an account and extensive ATM network, even in rural areas. Learn more
3. Online Banks (Convenient and low fees)
- Rakuten Bank (楽天銀行) – Official website Offers easy online banking in English, lower fees, and cashback benefits, but has limited physical branches.
Choosing the right bank depends on factors such as your proximity to branches, English-language support, and fee structures.
Understanding Cash Cards in Japan
Unlike Western countries, Japanese banks issue cash cards (キャッシュカード), which differs from a credit or debit card. A cash card allows you to withdraw money from ATMs, check your balance, and deposit cash, but it does not function as a payment card for online or in-store purchases. Most cash cards in Japan do not have Visa or Mastercard functionality by default, meaning they can only be used within Japan. If you require a card that can be used internationally, consider applying for a separate debit or credit card through your bank.
Receiving Your Cash Card
In most cases, when you open a bank account in Japan, the cash card (キャッシュカード) is not issued immediately at the branch. Instead, it is sent to your registered address within a few days to a couple of weeks after the account opening. Be sure to check with the bank representative about the expected delivery time and any tracking options available.
How to Open Your Bank Account
You have two main options for opening an account:
1. Visiting a Bank Branch
- Bring your required documents to your chosen bank branch.
- Fill out the application forms (some banks provide English versions).
- Expect to make an initial deposit (typically between ¥10,000 and ¥30,000).
- Receive your bank book (passbook) and cash card.
2. Opening an Account Online
Many banks, such as Mizuho and Rakuten, offer online applications through their apps:
- Download the bank’s official app.
- Follow the step-by-step guide to upload your documents.
- Wait for verification and receive your bank details via mail.
Essential Vocabulary List
Here are some important banking terms in Japanese to help you navigate the process:
English | Japanese | Pronunciation |
Bank Account | 銀行口座 (ぎんこうこうざ) | Ginkou Kouza |
ATM | ATM (エーティーエム) | ATM |
Cash Card | キャッシュカード | Kyasshu Kaado |
Deposit | 預金 (よきん) | Yokin |
Withdrawal | 引き出し (ひきだし) | Hikidashi |
Balance Inquiry | 残高照会 (ざんだかしょうかい) | Zandaka Shoukai |
Transfer | 振込 (ふりこみ) | Furikomi |
Tips for a Smooth Process
- Prepare your Japanese address carefully as even the smallest mistakes can delay your application.
- Know basic Japanese phrases to help you navigate the application process.
- Ask for English-speaking staff at larger branches if needed.
- Consider opening a Yucho (Japan Post Bank) account first, as they tend to have simpler requirements for foreigners.
Managing Your Bank Account
Once your account is open, you can:
- Use your ATM card at convenience stores and bank branches.
- Set up automatic bill payments for rent, phone, and utilities.
- Download the bank’s app to monitor transactions and make transfers.
Closing Your Bank Account When Leaving Japan
When it’s time to leave Japan, closing your bank account is a crucial step to avoid potential issues. Visit your bank branch in person with your cash card, passbook, and residence card. Inform the staff about your departure and request account closure. Ensure all pending transactions, such as utility bills and automatic payments, are settled beforehand. Some banks may allow closure through mail or online, so it’s best to check with your bank for specific procedures. Remember to withdraw any remaining balance or arrange for an international transfer if needed.
Conclusion
Opening a bank account in Japan doesn’t have to be overwhelming. By preparing the right documents and choosing the bank that suits your needs, you can easily manage your finances and focus on your studies. Whether you prefer a traditional branch experience or a convenient online service, Japan offers a variety of banking options tailored to students. Don’t forget to check out our article on Japan’s New Banknotes to stay informed!
Realize your dreams to study and live in Japan. Coto School Finder is a trusted study abroad service that helps match you with the right Japanese language school in Japan. Our team will help with your application, document checks and translations for free.
Can a foreigner open a bank account in Japan?
Yes, foreigners with a valid visa (such as student, work, or dependent visa) can open a bank account in Japan.
Do I need a Japanese phone number to open a Japanese bank account?
Yes, most banks require a Japanese phone number to complete the application process and for verification purposes.
What to say when opening a bank account in Japan?
You can say: “Kouza wo hirakitai desu” (口座を開きたいです), which means “I want to open an account.”
Which Japanese bank is best for foreigners?
Japan Post Bank is considered one of the most foreigner-friendly options due to its simple requirements and wide ATM network.
How long does it take to open a JP bank account?
It usually takes about 30 minutes to an hour at a branch, while online applications can take a few days to process.
Can a foreigner get a My Number Card in Japan?
Yes, if you are a resident in Japan with a registered address, you can apply for a My Number card.
How much money do you need to open a Japanese bank account?
Most banks require an initial deposit of ¥10,000–¥30,000 to open an account. But some like Japan Post Bank don’t require any initial déposit.
Can I leave Japan without closing my bank account?
Technically, yes. However, it’s recommended to close your account to avoid maintenance fees and potential issues in the future.