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Bank Account in Japan
Characteristics of Bank Account in Japan. (in General)
- Free of Charge, even though you have a small amount of money.
- Deposit is protected by law until 10,000,000 yen, (100,000USD
roughly), in case of bankrupt of a bank.
- Economy is quite stable. It is the safest country to keep your money.
- Almost zero interest. (do not think to get an interest.)
Some specific bank has a function in which you can withdraw money overseas.
So that you can save money in the country, you can use your money as
you wish.
- SMTB (Mitsui-Sumitomo Trust Bank) (ex-Citibank).
0 yen commission if you have 1,000,000 yen (roughly 10,000 USD) or
more. Note additional 3% exchange rate, because you withdraw money
in a local currency.
Also it might be a good idea to make a credit card linked to the account.
Since 20191031