{"id":247,"date":"2023-04-24T14:46:33","date_gmt":"2023-04-24T14:46:33","guid":{"rendered":"https:\/\/companyformationjapan.com\/?p=247"},"modified":"2023-04-24T14:46:36","modified_gmt":"2023-04-24T14:46:36","slug":"set-up-a-bank-account-in-japan","status":"publish","type":"post","link":"https:\/\/companyformationjapan.com\/set-up-a-bank-account-in-japan\/","title":{"rendered":"Set Up a Bank Account in Japan"},"content":{"rendered":"\n

Japanese financial institutions and banks allow locals, as well as foreign citizens, to\u00a0open abank accounts<\/strong>\u00a0in\u00a0this country<\/strong><\/a>. Moreover, banks enable their clients to choose from a variety of\u00a0bank accounts<\/strong>.\u00a0<\/p>\n\n\n\n

A bank account in Japan<\/strong> can be:<\/p>\n\n\n\n

\u2022 A general deposit account;<\/p>\n\n\n\n

\u2022 A general savings account: a post office account which provides a slightly bigger interest rate than the general deposit account;<\/p>\n\n\n\n

\u2022 A time deposit account: it generally has a bigger interest rate, however it could request a notice for withdrawals;<\/p>\n\n\n\n

\u2022 A current account: commonly, it offers the option of utilizing cheques, but is rather used by businesses than by private individuals;<\/p>\n\n\n\n

\u2022 A foreign-denominated currency deposit, foreign-currency term deposit. Our company formation consultants in Japan<\/strong><\/a> can provide more details on these types of bank accounts <\/strong>in this country.<\/p>\n\n\n\n

Usually, the most common kind of bank account in Japan<\/strong> is the general savings or the general deposit account.<\/p>\n\n\n\n

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Table of Contents<\/p>\n<\/span><\/div>\n