Japan

Opening a Japanese bank account will make life much easier if you are a new resident in the country. There is a large commercial banking sector consisting of major city banks, smaller regional banks, trust banks, and international banks, as well as online and mobile fintech providers.  The Financial Services Agency regulates the Japanese banking sector, and banks are registered with the Japanese Bankers Association. Here is some useful information if you are thinking of opening an account.  Banking Services in Japan Banks in Japan offer similar services to those you may find in other countries. These include:  Product and service availability (and cost) varies across banking providers and account types, so check that an account has what you need before opening.  Types of Bank Accounts in Japan Bank account types in Japan generally include:  Additionally, some banks offer current and savings accounts tailored to specific groups, for example, children, students, or non-residents.  Requirements to Open a Japanese Bank Account Requirements vary across banks and account types, but many banks have residency requirements (e.g., you need to have been a resident for at least six months). If you don’t meet this requirement, you may be able to open a non-resident…