Money Matters: Your Guide to Money in Japan

Cash Payment in Japan

Money in Japan still remains largely cash-based. Most parts of Japan, especially outside urban areas, use cash as payment. Credit cards are accepted only at major stores and restaurants, as well as convenient stores. Using cash in Japan is seen as an easier option to most Interac ALTs.

When you arrive in Japan, it is important that your money is available to you in accessible cash. This can be in the form of cash, traveler’s checks, or on a Visa Debit Card. You are strongly advised not to have your money on a credit card in Japan.

Visa Debit Cards are useable in ATM machines at most post offices and 7-Eleven convenience stores, but you may be limited in how much cash you can withdraw. Be sure to let your bank know your travel plans and ensure your card is useable. Many ATMs do not accept MasterCard, Maestro, or Cirrus-branded cards. This often confuses people when trying to get money in Japan.

Exchanging Currency in Japan

No matter how you bring your money to Japan, be sure to bring your funds in major, easily convertible currencies such as Japanese Yen, US Dollars, Euros, or Pounds Sterling (issued by the Bank of England). Please be careful to avoid Pounds Sterling issued by non-Bank of England institutions or in Northern Ireland, as there have been cases where a new Interac ALT has experienced trouble exchanging at Japanese banks.

The information related to the initial money requirements is a guide only. We provide no warranty and accept no responsibility for the performance in Japan of any facility or service offered by, but not limited to, for example, a bank, ATM machine provider, Visa, or 7-Eleven.

Sending Money Home from Japan

We know many ALTs often continue to have financial commitments in their home country while they are in Japan. It is reasonably simple to transfer money out of Japan once you have registered with a service provider or bank. One such service that is popular amongst the foreign community in Japan is the GoRemit Shinsei Overseas Remittance Service offered by Shinsei Bank.