Yen ordinary deposit accounts (for Non-Residents of Japan)
Having an account will enable to you deposit and withdraw funds for living expenses during your stay in Japan and save you from carrying around large amounts of cash.
Please note the following when using a yen ordinary deposit account.
Features of Yen ordinary deposit accounts (for Non-Residents of Japan)
-
Access to a network of more
than 150,000 ATMs throughout
Japan -
Only personal customers can deposit and withdraw cash at ATMs using their bank card. We only handle Japanese yen.
- *Bank cards can only be used to deposit and withdraw living expenses, etc. during your stay in Japan.
- Enables direct debit of
electricity and gas bills, etc. -
Direct debits are only available for domestic utility bills such as electricity and gas, and taxes and public dues.
Please read the description carefully before applying to open an account
Who can apply for a Yen ordinary deposit accounts (for Non-Residents of Japan)
- *Company employees who have been living in Japan for less than six months but are scheduled to work in Japan for at least one year and their family members are considered to be residents.
As of April 1, 2021
| Customers | Non-resident corporate and individual customers |
|---|---|
| Term | No fixed term |
| Deposit Method | Possible at any time |
| Deposit Amount | One yen or more, one yen units |
| Withdrawal | Possible at anytime |
| Applicable interest rate | Daily interest rates posted at the Bank’s branches |
| Interest calculation method | Interest shall accrue on the daily end-of-day balance, with respect to each 100-yen unit thereof in excess of 1,000 yen, and shall be calculated based on the actual number of accrued days and a 365-day year. |
| Interest payment | Interest shall be paid on prescribed dates in February and August every year. |
| Taxes |
Corporate customers Retail customers |
| Deposit Insurance | Deposits are insured up to a maximum principal of 10 million yen plus accrued interest thereon per depositor per financial institution. |
| Other Matters |
|
| Designated Dispute Resolution Organization with which the Bank is contracted |
The Japanese Bankers Association Telephone number 0570-017109 or 03-5252-3772 |
- Deposits and withdrawals may only be made using your bank card at our main branch financial lounge (Head Office Sales Department counter: only handles Japanese yen), Tokyo Start Bank , Japan Post Bank or Seven Bank ATMs in Japan. Deposits and withdrawals cannot be made at overseas ATMs. Accounts can only be used to deposit and withdraw living expenses, etc. during your stay in Japan.
- Direct debits are only available for domestic utility bills such as electricity and gas, and taxes and public dues. Outward remittance requests are only accepted at our Head Office Sales Department counter, and cannot be made from an ATM.
- Remitted funds will be credited to your account in Japanese yen after confirming the purpose of use of the funds.
- All remittances to or from bank accounts in Japan are treated as “foreign remittances”.
- Deposits are covered by deposit insurance. However, only 10 million yen of principal and interest per depositor per financial institution is protected by deposit insurance.
- Please read the Account Guide carefully for more details and to fully understand what services are available with your account.
Tokyo Star Bank
Tokyo Star Bank is a subsidiary of CTBC Bank Co., Ltd. (CTBC Bank), one of the largest private financial institutions in Taiwan
Our relationship with CTBC Bank helps us meet the diverse needs of our customers.
Our shareholder, CTBC Bank (official name: CTBC Bank Co., Ltd.), is Taiwan's largest private bank and the primary subsidiary of CTBC Financial Holding, a major financial group in Taiwan. Operating globally through its worldwide network, Tokyo Star Bank continues to achieve tremendous growth.
