Wednesday, July 20, 2011

Can you open a bank account in Tokyo with US dollars?

Question:


Is it possible to open a bank account with US dollars in Tokyo? All the methods I've found for exchanging money (at the Japanese airport or in America) seem to want to take 1-8% of my money. Is there a way around this?

Unfortunately my bank puts a 3% fee on all foreign transactions including ATMs

Answer:


You can't open an account if you do not live in Japan.

If you live in Japan, some banks offer foreign currency account service. So you can.

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