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How to Open a Bank Account in Japan (2025 Guide for Expats and Professionals)

Opening a Bank Account in Japan

Opening a bank account in Japan can be surprisingly complex for newcomers. Requirements depend on your visa type, length of stay, and even the language ability expected at each branch. This guide outlines practical, legitimate steps for opening a bank account in Japan — whether you’re a long-term resident, an employed professional, or newly arrived expat.

1) Basic Requirements

Most banks in Japan follow similar requirements for new account openings. You’ll typically need:

  • Residence card (在留カード) – proof of legal stay in Japan.
  • Passport – identification and nationality confirmation.
  • Japanese address – utility bill or residence certificate (juminhyo).
  • Personal seal (hanko) – optional, though some banks still require it.
  • Phone number – a working Japanese mobile number for verification.
  • My Number (マイナンバー) – most banks now require it for anti–money laundering compliance.

Some banks may ask for your employment contract or proof of income if you’re on a work visa. Students may need a certificate of enrollment (zaigaku shomeisho) from their school.

2) Step-by-Step: How to Open a Bank Account in Japan

  1. Choose your bank – Decide between a major national bank (e.g., MUFG, SMBC, Mizuho) or an online/foreigner-friendly option (Shinsei, Sony, Rakuten).
  2. Visit the branch or apply online – Many Japanese banks still prefer in-person applications. Online banks like Rakuten or Sony can be completed digitally.
  3. Submit your documents – Provide residence card, passport, and address verification. Staff may make copies.
  4. Sign or stamp the forms – Use a signature if you don’t own a hanko. Ensure your name matches exactly as on your residence card.
  5. Account approval & card delivery – Processing takes 1–10 days depending on the bank. You’ll receive a passbook, debit card, or both by mail.

Note: Some branches may refuse applications if you’ve been in Japan less than six months. In that case, online or “new resident” banks such as Shinsei or Sony Bank are usually more flexible.

3) Recommended Banks for Expats

Traditional Banks

  • SMBC Prestia – English-speaking staff at select branches; ideal for professionals on long-term assignments.
  • Mizuho Bank – Nationwide access, strong reliability; Japanese-only paperwork at most branches.
  • MUFG Bank – English internet banking available after registration; strict on visa status.
  • Japan Post Bank (ゆうちょ銀行) – Broadest network in Japan; basic Japanese required but easy for daily use.

Online & Foreigner-Friendly Banks

  • Shinsei Bank – English website, simple online application, and no monthly fees. Popular among expats.
  • Sony Bank – Fully digital, reliable English support, and multi-currency account options.
  • Rakuten Bank – Fast online setup with Rakuten ecosystem integration; app available in English.
  • Wise Account – Best for sending and receiving money internationally; works as a Japan-compatible multi-currency account.
  • Revolut – Smartphone-based, simple signup, supports JPY and international transfers.

4) Comparison of Bank Features

Bank English Support Online Application Multi-Currency Ideal For
Shinsei Bank Full English support Yes Yes New arrivals, professionals
Sony Bank Full English support Yes Yes Remote workers, long-term expats
Rakuten Bank Partial English support Yes Limited Online shoppers, convenience users
SMBC Prestia English support at select branches Partial Yes High-income expats, executives
Japan Post Bank Basic Japanese only No No Everyday local use

5) Tips for a Smooth Application

  • Check your visa type: Some banks refuse applicants on short-term or tourist visas.
  • Use your official registered address: Banks verify against your residence record.
  • Be patient with in-person processes: Expect forms in Japanese; bring translation apps if needed.
  • Keep cash on hand: Initial deposits are often required at the branch.
  • Don’t open multiple accounts at once: Large numbers of inactive accounts can trigger compliance checks.

6) FAQ — Opening a Bank Account in Japan

Can I open a bank account before arriving in Japan?

Not with a traditional Japanese bank. However, international fintech options like Wise or Revolut allow account creation before arrival and can serve as a bridge until you have a residence card.

Do I need a hanko?

No. Most banks now accept signatures, though some traditional branches still prefer a personal seal.

Can students or freelancers open an account?

Yes, but banks may ask for proof of study or income. Online banks are often more flexible for freelancers and short-term workers.

Is there a minimum balance requirement?

Most major banks no longer enforce strict minimums, though foreign currency or multi-currency accounts may require ¥10,000–¥50,000 initial deposits.

How do I transfer money overseas?

For international transfers, online services such as Wise or Revolut are significantly faster and cheaper than traditional bank wire transfers.

Related Reading

If you want a full breakdown of rental procedures and fees, read our detailed guide: How to Rent an Apartment in Tokyo Without a Guarantor (2025 Guide).

Disclaimer: This content is for general informational purposes only and does not constitute financial, legal, or professional advice. Banking regulations and requirements vary by institution. Always confirm current terms directly with your chosen bank before applying.

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