Step-by-Step: Opening a Bank Account in Tokyo

A Complete Guide for Expats and Digital Nomads

Opening a bank account in Tokyo as a foreign resident can seem daunting. From language barriers to unfamiliar paperwork, the process might feel like navigating a bureaucratic maze. But with the right preparation, opening a Japanese bank account is straightforward and absolutely doable.

This step-by-step guide will walk you through everything you need to know — requirements, best banks for foreigners, the account opening process, types of accounts, and useful tips.

1. Who Can Open a Bank Account in Japan?

You can open a bank account in Tokyo if:

• You are 18 years or older

• You reside legally in Japan (tourists are generally not eligible)

• You have a valid visa (student, work, dependent, business, etc.)

• You possess a Japanese address (with proof)

• You have a Resident Card (在留カード / Zairyū kādo)

Note: Some banks may ask for at least 6 months of residency, while others (like Japan Post Bank or SBI Shinsei) are more lenient.

2. Documents You Need

Be sure to bring the following:

*Inkan is less necessary at modern or foreigner-friendly banks
**Some banks ask for your My Number, especially for tax purposes

3. Step-by-Step Process

Step 1: Choose the Right Bank

Not all banks are equally friendly to foreigners. Choose a bank with English service, online tools, and lower entry requirements.

Top picks:

• SBI Shinsei Bank – Best for foreigners, online banking in English, no hanko needed

• Japan Post Bank (ゆうちょ銀行) – Ubiquitous, easy for students and short-term residents

• Rakuten Bank – Online bank, good for digital nomads

• SMBC Prestige / MUFG Global branches – Major banks with expat desks

• Sony Bank / Prestia SMBC Trust – Great English support

Avoid traditional regional banks unless you speak fluent Japanese.

Step 2: Visit a Branch or Apply Online

Some banks let you apply online, but most still require an in-person visit (especially for first-time residents).

Tips:

• Choose a branch in central Tokyo or near foreigner-heavy areas (e.g., Shinjuku, Roppongi, Ikebukuro)

• Check business hours: usually 9:00–15:00, Mon–Fri

Step 3: Fill Out Application Forms

You’ll fill out a form with:

• Name (in Roman and Katakana)

• Address in Japan

• Occupation or school (for students)

• Phone number

• Nationality and visa type

• Signature or inkan

Bring a Japanese speaker if you’re not confident. Some branches provide bilingual support.

Step 4: Provide Your Documents

Hand over your residence card and passport. Bank staff may photocopy them.

If asked for your My Number, you can show the card or fill out a self-declaration form.

Step 5: Wait for Approval

In many cases, you’ll receive:

• Cash card immediately (ATM use)

• Bank book (通帳) – Optional in online-first banks

• PIN code setup (done on-site or mailed)

• Online banking credentials within a few days

Some banks may take 1–2 weeks to approve and mail you the card.

4. Types of Accounts Available

As a foreigner, you will likely open a Futsuu Yokin account.

5. English-Friendly Banks Compared

6. What You Can Do With Your Bank Account

• Receive your salary or freelance payments

• Pay rent and utility bills

• Withdraw from ATMs

• Make online purchases

• Use internet banking or mobile app

• Transfer funds to other Japanese or international accounts

7. How to Transfer Money Internationally

To send or receive money abroad:

• Use Wise (formerly TransferWise), Western Union, or Remitly linked to your bank

• Some banks like Shinsei and Prestia support SWIFT transfers

• Fees range from ¥500–¥3,000 depending on bank and method

8. Common Challenges and Solutions

9. Can Tourists Open a Bank Account?

Generally, no. Japanese banks require a residence card and a local address. If you’re on a 90-day tourist visa, you’re unlikely to succeed unless it’s a prepaid service.

10. Online-Only Banking Options

These are great for nomads and freelancers:

• Sony Bank – English service, multi-currency support

• Rakuten Bank – Linked to Rakuten ecosystem

• PayPay Bank – Ideal for QR-based payments

• LINE Bank (beta) – Connected with LINE Pay

Note: Online banks may require Japanese literacy for setup.

11. Banking and Taxes

Once you open an account, some banks will ask for your My Number for tax reporting purposes.

If you’re self-employed or freelancing:

• Keep clear records of your income

• Link your bank account to bookkeeping software (e.g., Money Forward)

• Declare income yearly with the kakutei shinkoku (tax return)

12. Banking Tips for Foreigners

• Open your account as early as possible after arrival

• Use Katakana when writing your name for consistency

• Avoid using middle names unless required (can confuse the system)

• Be polite, dress neatly, and speak slowly if in Japanese

• Use ATMs inside convenience stores (7-Eleven, FamilyMart) for better English options

13. Can You Have Multiple Bank Accounts?

Yes. Many expats have:

• One for salary

• One for rent/expenses

• One for international transfers or savings

There are no legal limits, but managing multiple accounts requires careful tracking.

14. What Happens If You Leave Japan?

Close your account before you leave Japan to avoid complications or dormant fees.

Steps:

• Withdraw remaining funds

• Visit a branch with your Residence Card

• Fill out a closure form

• Destroy your card or return it

15. Conclusion

Opening a bank account in Tokyo as a foreigner is totally achievable with the right preparation. Choose the right bank, bring the required documents, and be ready to navigate a bit of paperwork.

For digital nomads, online-first banks like Shinsei or Sony Bank make it easier than ever to bank in Japan — even with limited Japanese skills.

Stay organized, keep your records in order, and your Tokyo banking life will be smooth, efficient, and foreigner-friendly.