Banking | IFReC Website for Overseas Researchers

Opening a banking account

It is convenient to register your bank account for monthly payments of your apartment’s utilities. It can be opened immediately on the date of application, however, it takes about one week to receive a cash card by post. Services at the bank/post office are limited to weekdays during the day but the ATM is available in early morning, night time and weekends as well.

Name of Bank	Branch	Application Requirements	ATM
Senshu Ikeda Bank	Kita-senri Branch: Inside Senri Kita Center Building, 4-2 Furue-dai, Suita TEL 06-6872-0771 Onohara Branch: In front of Kansai Super Market, 3-13-22 Onohara　higashi, Minoh TEL 072-728-8411	Passport Residence Card Personal seal(or signature)*2	ATMs are located near Kita-senri station and Kansai Supermarket.
Mitsui Sumitomo Bank	Minami-senri Branch: 1F, Crystal Hotel, 1-2-D9-101, Tsukumo-dai, Suita TEL 06-6833-1911	Passport or Residence Card Personal seal(or signature)*2	ATMs are located in Suita Campus(in the university hospital) and Toyonaka Campus.
Mitsubishi UFJ Bank	Senri Chuo Branch:1-4-1Higashi machi, Shinsenri, Toyonaka TEL 06-6831-3633 Ibaraki Branch:13-23 Futabai-cho, Ibaraki TEL 072-638-8833 Esaka Branch:1-13-21-101, Esaka-cho, Suita TEL 06-6386-3811	Residence Card Personal seal Certificate of employment/acceptance	ATMs are located in front of Kitasenri Station and Suita Campus(in the university hospital).
Resona Bank	Senri-Kita Branch: 4-2-D2-201 Furue-dai, Suita TEL 06-6872-0651 Senri Branch: 1-1-2 Tsukumodai, Suita TEL 06-6871-0191 Onohara Branch: Next to Kansai Super Market, 5-1-1 Onohara higashi, Minoh TEL 06-6872-0651	Residence Card1 or Certificate of registered matter Employment Certificate(issued by IFReC3)	ATMs are located at the Kitasenri/Senri/Onohara branches.
NOTE: Submission of Employment Certificate is required.Visiting researchers/fellows/students, etc. cannot open a bank account until you have stayed in Japan more than six months(*4).
Japan Post (Yu-cho) Bank	Suita Handai-nai Post Office,Osaka University 2-1 Yamada-oka, Suita TEL 06-6877-2277 Suita Handai Byouinnai Post Office(inside university hospital) 2-15 Yamada-oka, Suita TEL 06-6875-3265	Passport Residence Card*1 Signature	All post offices have ATMs. They accept not only JP Bank's cash card but other affiliated banks ones.
NOTE: Remittance services from/to your bank account are not permitted for foreigners who have stayed in Japan less than six months (However, you can pay utility fees, etc. from your account). It is possible to bring cash to the counter and transfer money to a receiver. "Overseas remittance" is also possible. After six months stay, you can add the money transfer function.

How to transfer money from Japan to abroad

Notice: In accordance with the Individual Number system effective from January 2016, customers who use the overseas remittance service are required to register their Individual Number (also called "My Number") About MY NUMBER»»

There are many ways to send money from your bank in Japan to an account in abroad. Usually, you will be asked to pay a commission fee to your bank in Japan, - the intermediary bank(s) and to beneficiary bank. The amount of the fee (approx. 2,000 to 9,000yen for one transaction) as well as the time for the transaction (several days to weeks) varies according to the bank and the country

Japan Post Bank(= Yu-cho Ginkou　ゆうちょ銀行)

If you have an account at JP bank, there are two ways to send money; “Account transfer” =Kouzakan soukin (口座間送金): Sending money via your JP bank account. “Payment to account” =Kouza ate soukin (口座あて送金): Bring cash to the JP bank and send the money. You are not eligible to send and receive money by “account transfer” if you have not been in Japan more than 6 months since your landing date. After 6 months, you may ask the JP bank to add the remittance function. You are able to send money by “payment to account” method even if your length of stay in Japan is less than 6 months. Commission fee (at JP BK): 2,500yen Intermediatory bank(s) and beneficiary bank take additional commission fees.

Mitsui Sumitomo Bank(三井住友銀行)

Open account.
Register beneficiary’s bank information.
Send money via internet banking.

Commission fee for Mitsui Sumitomo Bank: via internet banking 3,500yen, at branch counter 4,000yen
Commission fee for intermediary bank: 2,500yen
Lifting charge: 0.05% of total sending amount (minimum 2,500yen)

PRESTIA (ex Citibank)

Notice: SMBC Trust Bank Ltd. has integrated Citibank Japan's retail banking business on November 1, 2015, and continues the business under the new brand 'PRESTIA'.

Open account.
Register beneficiary’s bank information.
Send money via internet banking.

Commission fee for Mitsui Sumitomo Bank: via internet banking 3,500yen, at branch counter 4,000yen
Commission fee for intermediary bank: 2,500yen
Lifting charge: 0.05% of total sending amount (minimum 2,500yen)

Open account.
Register beneficiary’s bank account information.
Send money via internet banking.

-Commission fee: 2,000yen-4,000yen/one transaction

The commission fee defers according to the amount of the savings in your account. SMBC Trust Bank ATMs are only located several places in central Osaka city but you are able to use Sumitomo Mitsui Banking Corporation branch ATMs (no commission fee on Weekdays 8:45-18:00), the Seven Eleven ATMs (convenience store) and Japan Post Bank ATMs with your PRESTIA cash card.

-Commission fee for using ATMs : 105yen to 315yen. If you have savings of over 1,000,000yen in your bank account, no commission fee is charged for up to 100 transactions/a month.

Western Union

Make a registration by sending a User Registration Form and identification documents
Receive a registration card (7-10days)
Make money transfer request (online or at a convenience store “Family Mart” or “Circle K Sunkus”, 9:00 to 21:00)
Inform the recipient of the MTCN (Money Transfer Control Number)

Service fee:
* The amount for one transaction is limited up to 100,000yen (including service fee).

Shinsei Bank

Shinsei Bank offers an international money transfer service called “GoRemit” »».

1. Register beneficiary’s bank account information.
2. Send money from the ATM to the bank account you designated with Shinsei Bank.

Commission fee : 2,000yen/one transaction
Lifting charge for sending JPY: 0.1% of total sending amount(minimum 1,500yen)

NOTE:

In order to send money from one bank to another domestic bank, you need to pay a commission fee,- e.g. 420yen/transaction for sending over 30,000yen.
Please note that cheaper commission fees do not always mean the most economical way to transfer your money to abroad because foreign currency rates and commission fees for money exchange set by the bank make a great difference in the amount a beneficiary actually receives in your country. The rate in the Japanese market is fixed around 11:00am of weekdays. If you make a request for a money transfer by 15:00, the rate of the day will be applied.
If you are from a country where international currency such as US dollar/Euro are not used, it may be easier to find a branch of one of your country's bank in Japan, change your JPY to your country's currency, and send the money to your country.

For money transfer requests at the counter of the bank, you will be asked for the following things.

Bank book
Personal seal
ID document (passport/residence card)
Individual Number called “My Number”
Details about beneficiary's account, Bank name, branch name, account holder's name, account number, beneficiary's address, code number of the bank (BIC code or Swift code)

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