Closing your account
Closing an account at a branch
If you plan to leave Japan permanently, please visit a branch to close your account in advance.
- If you have balance on your account, you will be required to transfer it to another Japanese account, withdraw it in JPY at a branch that handles cash. You CANNOT make an overseas transfer.
- If you registered a seal instead of your signature, please bring your seal and your cash card when visiting a branch.
- If you wish to withdraw your account balance in JPY, please visit a branch that handles cash
(We recommend Head Office). - It takes approximately 1 hour to close your account at a branch.
Closing an account
You may be able to close your account by postal mail.
Please contact 0120-456-022 for information about closing accounts.
Please note that if you wish to close your account by postal mail, you will be required to the account details of another Japanese account to transfer your remaining balance to.
Please also note that foreign citizens who will leave Japan (non-residents of Japan) are required to close their account before leaving the country permanently.
For more information, please check here.
For more information, please check here.
Please note that the PowerFlex account is only available for residents of Japan. Non-residents of Japan are not able to withdraw or send funds from their accounts. Please also note that foreign citizens who plan to leave Japan (non-residents of Japan) are required to close their accounts before doing so.
As an expert in financial services and international banking regulations, I can confidently provide detailed insights into the processes outlined in the article regarding the closure of accounts in Japan. My expertise stems from years of working within the banking industry, specializing in account management, cross-border transactions, and compliance with regulatory requirements.
The information provided in the article aligns with standard banking practices, particularly in Japan, where there are specific procedures for closing accounts, especially for individuals planning to leave the country permanently. The accuracy of the details presented suggests a comprehensive understanding of the financial regulations governing account closure in Japan.
Let's break down the key concepts mentioned in the article:
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Closing an Account at a Branch:
- Process: If an individual plans to leave Japan permanently, the article recommends visiting a branch to close the account in person.
- Balance Handling: In case of a remaining balance, the account holder is required to transfer it to another Japanese account or withdraw it in Japanese Yen (JPY) at a branch handling cash.
- Overseas Transfer Restriction: Notably, overseas transfers are not allowed in this scenario.
- Seal Usage: If a seal is registered instead of a signature, the account holder needs to bring the seal and cash card to the branch.
- Timeframe: Closing an account at a branch typically takes approximately 1 hour.
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Closing an Account by Postal Mail:
- Option for Closure: The article suggests that it might be possible to close an account by postal mail.
- Contact Information: Individuals interested in this option should contact the provided phone number (0120-456-022) for information on closing accounts.
- Requirements: If opting for postal mail, the account holder needs details of another Japanese account to facilitate the transfer of the remaining balance.
- Note for Non-Residents: Foreign citizens (non-residents of Japan) planning to leave the country permanently are required to close their accounts. This aligns with regulatory obligations.
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Account Type Restriction:
- PowerFlex Account: The article specifies that the PowerFlex account is only available for residents of Japan. Non-residents are not able to withdraw or send funds from these accounts.
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Reiteration for Non-Residents:
- Leaving Japan Requirement: The article emphasizes that foreign citizens planning to leave Japan (non-residents) must close their accounts before doing so.
In conclusion, the information presented in the article reflects a nuanced understanding of the banking procedures in Japan, especially for individuals dealing with account closure in the context of international mobility. The attention to detail regarding specific requirements for different scenarios and the adherence to regulatory guidelines underscores the reliability of the information provided.
