Banking
Japan — Banking: Opening an Account
Japanese banking law distinguishes strictly between 'residents' and 'non-residents' based on visa/residence-card status and registered address, not passport nationality — anyone in Japan less than 6 months is classified a non-resident and cannot open a standard checking account at most banks. A residence card (在留カード) showing a current Japan address is the non-negotiable core requirement at nearly all banks. Major megabanks (MUFG, Mizuho, SMBC) typically require 1+ year of residence and stable employment, making them the hardest for new arrivals. Japan Post Bank and Seven Bank are the most accessible options for newcomers, with no minimum residence period and nationwide branch/ATM networks — a common first-account choice.
Key facts
- Residency classification (resident vs non-resident) is based on visa/residence-card status and registered address, not passport nationality.
- Under 6 months in Japan = classified non-resident, generally unable to open a standard checking account.
- Megabanks (MUFG, Mizuho, SMBC) typically require 1+ year of residence and stable employment.
- Japan Post Bank and Seven Bank have no minimum residence period, making them the most accessible for new arrivals.
Timelines
- Minimum residence to be classified 'resident': 6 months
- Typical megabank residence requirement: 1+ year
Required documents
- Residence card (在留カード)
- Registered personal seal (hanko)
- My Number
- Certificate of residence (juminhyo)
Common mistakes
- Attempting to open a megabank account immediately upon arrival — most require 1+ year of residence and stable employment.
- Assuming passport nationality determines resident/non-resident status — it is based on visa/residence card and address.