Japan post bank vs shinsei bank. Depends on what you need from the bank.

Japan post bank vs shinsei bank. Ginza 5-8-1 Chuo-ku, Yucho - Japan Post Office. Both have bank apps. , as of July 1, 2024, are as follows: Joined The Long-Term Credit Bank of Japan, Limited (current SBI Shinsei Some banks will automatically display the account name after you have put in the above information. 3. I also want to ask from a perspective of a foreigner living in Japan for my husband who is an American. Step 2: Follow the instructions and fill in your information as prompted on screen. This can be done at most Post Offices across Japan. Japan Post Bank branches and post offices. Major Banks Shinsei Bank: list of its 32 branches with location, map, tel, Swift and Zengin clearing code. Mizuho and SMBC Trust offer English support and have branches in various locations. Contrary to many countries, bank ATMs in Japan aren’t accessible 24/7. They have a vast network of branches (often in post offices) and ATMs nationwide (the Yucho network). Rakuten Bank – the largest online bank. Additionally, intermediary banks may charge fees. Major Banks. When sending money to GoRemit, the Account Name will be "SBI Shinsei Bank, Limited"(Japanese: ｶ)ｼﾝｾｲｷﾞﾝｺｳ), not your name. I use Resona Bank (for the JAL mileage visa debit card) and Japan Post bank. Banks by Type. Oct 27, 2021 · You can send money from your Japan Post Bank Account to an account registered with a different bank at a nearby Japan Post Bank/post office banking counter (transfer fee: less than 50,000 yen = 660 yen, 50,000 yen or more = 880 yen) or at an ATM, Yucho Direct, or Yucho Biz Direct (transfer fee: less than 50,000 yen = 220 yen, 50,000 yen or more Mar 20, 2023 · Withdrawal at Japan Post Bank ATMs (in most post offices throughout Japan) is free. The fixed fee for an overseas money transfer is 7,500 yen. It is also known as a "correspondent bank fee". SBI Shinsei Bank is the successor of the Long-Term Credit Bank of Japan (LTCB), which had a government monopoly on the issuance of many long-term debt securities. 4) ATM fees: 110 yen per transaction. There are more than 32,000 ATMs of Japan Post Bank and 24,000 bank tellers in Japan. Post office for all your cash card, company deposits and PayPay / PayPal, and a Sony bank account for online accounting and ease of use. - Withdrawal Same as train operating hours Balance inquiry Deposit 7 a. Shinsei Bank Feb 28, 2023 · May 17, 2019 Start of Discussion for Offering Shinsei Bank Housing Loans at JAPAN POST BANK Co. Branch Address. I've been here about 7 months now and have just got my first job here, I've had a look at a few online including Seven Bank, Shinsei Bank and SBI but aren't sure what might be good. Mar 6, 2023 · It is necessary for foreign residents in Japan to open a bank account in order to receive their income, make everyday purchases, and pay utility bills. 001%, which is the same as most other banks. - 11:55 p. Dec 29, 2020 · However, there are a few of Japan’s major banks which are usually better suited to helping foreigners get accounts set up. Rakuten Employees: Do not attempt to distribute your Jan 17, 2010 · Ikebukuro Branch of Shinsei Bank . Each of these banks has its own unique features and benefits, so it’s important to choose the one that best suits your needs. Furthermore, several online banks have recently gained popularity and offer their customers banking via the internet and in some cases a network of ATMs . Japan Post Bank 275 yen (Free up to 7 times depending on usage status if you subscribe to the service called Happy Program) Overseas remittance fee: 750 yen * In addition, a yen remittance fee (when remittance is made in Japanese yen) of 3,000 yen and an overseas relay bank fee (you can choose whether to pay the remittance or the recipient Important Reminders. Regional Banks ©2012-2024 In the case of remittances between Japan Post Bank accounts by Yucho Direct, the money is deposited into your Japan Post Bank account at the same moment instead of the next day. , Monday through Friday. May 12, 2022 · I used to use Shinsei Bank to send money from Japan to the USA, especially when the yen was strong. Here are among the prominent bank options in Japan: SMBC Trust Bank’s PRESTIA, Seven Bank, JAPAN POST BANK, Mizuho Bank, Sumitomo Mitsui Banking Corp. 5. It is advisable to bring a Japanese friend or colleague to assist you. Major Banks Minami-cho 4-1 Kanazawa-shi, Ishikawa Postal Code 920-0919 Japan The large domestic banks include Japan Post, Mizuho, Mitsubishi UFJ Bank, Mitsui Sumitomo and Resona. Internet Ginza Branch of Shinsei Bank . JP bank is annoying in many ways, but they are everywhere (almost every post office ofc) and are reliable, so it might be worth keeping it with a bit of money as a backup account anyway. After failing several times to open up a bank account with Yuucho and Seven Bank, it’s almost comedic how quick and easy it was to open up a bank account with Shinsei Bank. If you have lost your cash card, please contact PowerCall (0120-456-022) immediately. Wiki at: https://japanfinance. It's important to note that Japan Post Bank, like other banks, includes a markup in their exchange rates. It is also known as a "remittance arrival fee". Notable Banks in Japan. Jan 9, 2013 · Yokohama Branch of Shinsei Bank . to 3-5 p. Japan Post Bank is the most preferred choice among foreigners as well as nationals. Sumitomo Mitsui and Mizuho Financial are the second and third largest banks in the country, respectively. You can open an account Japan Post Bank International Remittance would only be 7,500 JPY. Kichijojihon-cho 1-15-9 Musashino-shi, Yucho - Japan Post Office. Opening an account at Japan Post Bank is also an option. Kakuda-cho 8-47 Kita-ku, Osaka-shi, Yucho - Japan Post Office. The Japan Post Bank continues to stay open during weekday operating hours from 9:00 AM to 4:00 PM. Some ATMs also accept cash for transfers, but banks like Japan Post Bank require a payment slip if you pay with cash. Feb 5, 2024 · All-in-all, Shinsei Bank was an absolute lifesaver for me. For example Japan Post Bank charges a fixed fee of ¥7,500 regardless of the amount transferred! Today I am going to share with you a method that I have found to minimize the amount of fees you pay, and maximize your currency exchange. WISE (formerly TransferWise)—top choice for cheap overseas transfers. Sony Bank—top choice for personal use. Intermediary bank: Beneficiary bank fee: This fee occurs from the beneficiary bank. Nishikebukuro 1-17-10 Toshima-ku, Yucho - Japan Post Office. Detailed information about SWIFT Code LTCBJPJT; SWIFT Code: LTCBJPJT: Bank: SBI SHINSEI BANK, LIMITED: Address: 4-3/2 NIHONBASHI-MUROMACHI: City: CHUO: Branch When sending money abroad with Japan Post Bank, the transfer fees are 3,000 JPY if done through online banking or 7,500 JPY at a branch. If the account to which the money is being transferred has also applied for Yucho Direct, the recipient can confirm the payment immediately. Mizuho Bank, SMBC Trust Bank, Shinsei Bank, MUFG Bank, and Japan Post Bank are among the popular choices known for their foreigner-friendly services. You must have resided in Japan for over 6 months or more, or working in a company with a office located in Japan. Nov 2, 2023 · SBI Shinsei Bank, Seven Bank, E-net, Lawson, Aeon Bank, Japan Post Bank (Yucho bank), Mitsui Sumitomo Trust Bank, Mitsubishi UFJ Trust Bank, Shoko Chukin Bank Withdrawal fees 110yen in a time (*If your rank is Shinsei Gold or Shinsei Platina, the withdrawal fees are free. Withdrawal *2,*3: 12:05 a. October 25, 2024 Notice regarding the Relocation of Namba Financial Center October 1, 2024 Regarding the termination of English support for PowerCall Transferring money into and out of Japan can be a complicating and expensive problem. Japan Post Bank and Post office ATMs. Jul 6, 2021 · Japan Post Bank: At Japan Post Bank ATMs: Free: Free: Free: Free† No service on Sundays from 00:05 to 21:00: Rakuten Bank: At partner bank ATMs: Free up to 5 times a month† Free up to 5 times a month† Free up to 5 times a month† Free up to 5 times a month† Need to register for the “Happy Program” in advance: Shinsei Bank: At Apr 26, 2024 · Shinsei Bank—top choice for best English interface. Read to learn which are the best banks to use as a foreigner and everything you need to know about banking in Japan. Hello all, I just wanted to ask about what might be your recommended bank for a foreigner living in Japan. The post office bank accounts are nice because they are national, almost all other banks are local / semi-local, but their online banking is horrendous, literally Oct 13, 2020 · Some banks in the Japanese banking system have exceptions to those operating hours, one of which is the Japan Post Bank. If your detailed information has not yet been verified, make sure to bring identification documents and your passbook to your nearest Japan Post Bank or Post Office savings counter. If you’re making a transfer in a different currency to the one your account is held in, you need to know the exchange rate that’ll be used and check it’s fair. SHINSEI BANK, LIMITED - SWIFTコード; SWIFTコード: LTCBJPJT: 銀行: SHINSEI BANK, LIMITED: 住所(ローマ字) 4-3/2 NIHONBASHI-MUROMACHI: 都道府県(ローマ字) CHUO: 支店: 郵便番号: 103-8303: 国: 日本: Money Transfer: Save on international fees by using Wise Feb 24, 2018 · (Source 1, Source 2, 19 January 2018) Shinsei Bank exchange rates. Japan Post Bank and Post office ATMs Balance inquiry Same as train operating hours Free Deposit Deposit service is not available. I have both a JP Post Bank account and a Shinsei account. Sony Bank seems to have little to no fees for international remittances, so it is a great option for foreign residents in Japan. Resona. , and MUFG Bank Wiki at: https://japanfinance. Let’s take a more detailed look at some options of the best bank for foreigners in Japan. , Ltd. They usually shut down shortly after the bank’s official closing time. / 365 days. This will exclude part-time jobs. JP post charges me 110 Yen to withdraw cash even if I do it at a JP Bank post office. m. Oct 18, 2024 · To SBI SHINSEI BANK account: 1 transaction: 529 (920) 214/529 (*1) ・ Withdrawals from Japan Post Bank ATMs (including those installed in Family Mart stores) , Get a Japan Post bank account, then open another account with a different bank in 6 months if you want. Opening a Yuucho Bank (Postal Bank) Account I'm a Japanese citizen living in Okinawa with a local Okinawan bank, but I'm looking to expand my banking and try something different. Internet Banks. Feb 28, 2024 · Shinsei Bank: Provides English telephone and online banking services. For instance, the Post Office Bank ATMs stay open approximately one hour post-closing. The remittance fee is ¥2,000 per remittance regardless of the amount. Depends on what you need from the bank. Beneficiary bank Withdrawals from Japan Post Bank ATMs (including those installed in Family Mart stores) , Major City banks' ATMs, Mitsubishi UFJ Trust and Banking ATMs, Sumitomo Mitsui Trust Bank ATMs and Shoko Chukin Bank ATMs are charged 110 yen (including tax) per withdrawal. 2. Kichijiyoji Branch of Shinsei Bank . 6) Fees for sending money overseas: 2,000 yen + 0. Shinsei Bank is my number one recommendation for banking in Japan as a long-term foreign resident! May 19, 2023 · GoRemit - Send money overseas from your bank ATM and Internet Banking in Japan. MUFG Bank. GoRemit | SBI Shinsei Bank Aug 30, 2021 · Step 1: Visit Yucho Direct application page. Online banking can be a hassle to set up, but it makes life easier to be able to send bank transfers online. 001%; The interest rate of normal savings account at Japan Post Bank is 0. Here are a few of them: JP Bank. github. Japanese Bank Recommendations for Foreigners. Most local people in Japan have a JP post account and they accept foreigners (I've been turned away at a couple of banks even with my JP husband). SMBC Trust Bank—top choice for heavy bank users. Seven Bank (7-11’s banking company), Sony Bank, and Rakuten Bank have great reputations in Japan. Honten Branch of Shinsei Bank . Foreign Banks. Minamisaiwai 1-9-13 Nishi-ku, Yokohama-shi, Yucho - Japan Post Office. More recently, online banking options are becoming a popular option. Also IIRC it's not specifically legislated like this but based on government guidance on following best practices for anti-money laundering (which is also where the "6 months of residency or having proof of a domestic Nov 26, 2020 · These bank guidelines are supported in English (Shinsei and Seven Bank) or Bahasa Indonesia, Tagalog Philippines and Vietnamese. Step 3: You’ll receive an automated call to the phone number registered with Japan Post Bank - this will give you the identity verification code you need to proceed to the next step of registration Japan Post Bank – 0. Nov 20, 2023 · Banks typically operate from 9 a. Mar 30, 2024 · Mitsubishi UFJ is the largest bank in Japan in terms of assets. JP post is still decent and easily accessible just about anywhere. Oct 24, 2024 · For foreigners looking to open a bank account in Japan, several options cater to international residents. JP post also rejected my visa debit application because Intermediary bank fee: This fee occurs when the remittance funds are passed to the beneficiary bank by means of an intermediary bank. Shinsei Bank also now offers their own app called "GoRemit" for Dec 19, 2023 · Seven Bank, for instance, offers a debit card account to individuals who have resided in Japan for at least 6 months and are at least 16 years old. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. 365days Withdrawal Patsat ATMs JR East Japan Railway ATM Balance inquiry Deposit Withdrawal Balance inquiry Deposit Withdrawal Myojin-cho 2-26-9 Hachioji-shi, Tokyo Postal Code 192-0046 Japan. Anything relevant to living or working in Japan such as lifestyle, food, style, environment, education, technology, housing, work, immigration, sport etc. 1. Prepare Your Materials: Have your bank book or cash card ready. Some banks only allow expats who are at least 6 months living in Japan to open their bank account as well as Shinsei bank. （141KB） May 15, 2019 Notice on Issuance of Equity Remuneration Type Stock Options （75KB） May 15, 2019 Shinsei Bank Group Medium-Term Strategies "Redesigning Finance" (FY2019-FY2021) （831KB） I have heard of success at both Japan Post Bank and the local JA Bank branch, but looking at their International Wire capability/rates, they would not meet my needs. Japan Post Office. - 9 p. Rakuten Bank. Also their internet banking is non-existent as far as I can work out, but I could be wrong. If your bank does not do this, please take extra care when inputting the account name. For more details, please click here. 4. Japan Post Bank (Yucho)—most common bank account type in Japan. They have excellent English support, offer me 1 free transfer per month, and allow me to register my USA bank account to conveniently initiate transfers. Umeda Branch of Shinsei Bank . There are plenty of ATMs including most Family marts have a JP post ATM. An account at Japan Post Bank will give you an entire extra hour for conducting your banking business. Zengin Bank Code Japan Post Office. As high as 330 yen when you withdraw at a conbini etc. You may find a branch with an English speaker who can assist you however, most postal workers will probably be speaking primarily Japanese. Japan Post Bank (Yucho) : Allows foreigners to open an account without the requirement of a 6-month-residence in the country. I'm tired of banking like it's 20 years ago. Following the collapse of the Japanese asset price bubble in 1989, the bank was riddled with bad debts: the government nationalized it in 1998, and it was delisted from the Tokyo Oct 27, 2023 · Japan Post Bank. May 22, 2024 · You’ll need your bank book or cash card to make a bank transfer in Japan. Their bank tellers have also supported you in English in case you need to go to the bank desk. If you want something basic to stick money in and easily get out, JP post is a good bet. In this article, we will go through the requirements for opening a bank account, as well as verification documents and banks with English-speaking clerks. Can your Swiss bank handle JPY remittances, does it have a partner correspondent bank in Japan? There are 5 places, where fees can occur: conversion at your bank. The profile of directors of JAPAN POST BANK Co. 1% of the sent sum (1,500 yen minimum). Dec 11, 2020 · 3) Available ATMs: Shinsei Bank, Seven Bank, Lawson Bank, Japan Post Bank, etc. For example, your bank handles SWIFT remittances only in EUR and USD but you have only CHF. Shinsei Bank. The top 10 Japanese banks hold combined assets of over US$12 trillion. 3 million customers in 2022. Rakuten Bank is Japan’s largest online bank with 12. If you’re using cash, ensure you have a payment slip (required at some banks, like Apr 5, 2024 · Banking in Japan can be a hassle. If you enter the wrong PIN several times in succession, the J-Debit and ATM function on your cash card will be invalidated. Post office bank along with a Sony bank. You must own a personal Japanese telephone number. I am specifically looking at Sony and Shinsei due to their ability to accept international wire transfers from my US bank with free or minimal fees (that may be refunded in the For residents of Japan only - if you do not reside in Japan you are welcome to read, but do not post or comment or you will be removed. 110 yen/ withdrawal: Deposit *2,*3: Free: Balance inquiry *2,*3: Major City banks and Mitsubishi UFJ Trust Bank ATMs • Bank of Japan Increases Interest Rate Above Zero 2007 • Japan Post Privatized Bank of Japan, Limited (LTCB) to Shinsei Bank, Limited 2000–2001 2002–2004 The exception is Japan Post Bank, which is why that is the first bank for many foreigners before they have everything set up. Move to Japan Post Bank and Post office website. Thank you in advance for the info! You must be a resident of Japan. Online banking means that it does not have any branches for face-to-face Payees in Japan can receive money sent from overseas, either through their Japan Post Bank integrated account or giro account. 5) Fees for receiving money from overseas: Essentially none (some conditions may apply). Nov 13, 2023 · Japan Post Bank: Japan Post Bank is a major retail bank in Japan, providing various banking services, including savings accounts, insurance, and investment products. nknmj xmkeh nptkopj irm wogdrmjn rqxf ywggx lknmd rgrn sxcez