No joint bank accounts?

[JAVGOD]

You know, I have to apologize to all of you, well, except one. I used to wonder why a fair amount of negativity abounds here. Now that I am here full-time, I get it.
Banks closing at 3pm. WTF is that? Like 1978, florida or something.

Hassle and a half to open an account. Mitsubishi and one other seemed most likely but I was told to check branch by branch.
I just wanted something to do business with locally and online. Don't laugh, went with the post office. We work on line for ourselves, for companies from US, Japan and Eu so I did not have an employer to do it for me.

Took 10 minutes, done.

[Taro Toporific]

...I just wanted something to do business with locally and online. Don't laugh, went with the post office...
Took 10 minutes, done.

Yep, the Japanese Post Office is the often the best for banking with:
Bilingual ATMs that take foreign credit cards
lowest transaction charges
their foreign exchange rate sending smaller amounts overseas is the cheapest
EMS is often as cheap and more convenient than foreign takyubin (FEDEX, UPS, etc)
locations fucking everywhere!

BONUS: (Japan Post has a "secret" internal rule that every district post office should have an engrish speaker on duty during regular business hours.)

I looove Japan Post (except for the prices of their stamps) and despise privatization of the posts.

[matsuki]

nah, it's the bank that let his ex wife steal all his saving from.

[IparryU]

Can anyone recommend a bank easy (ier) for gaijin to deal with? Newbies...

With all the recent changes, I'm actually happy with Tokyo Mitsubishi UFJ...their online services are finally up to 2010 standards!

This is whet I highly disagree with you dude... And I will let people have a guess why.

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Dislike of low forex fees with no balance requirements (relative to other banks)? Hatred for Hiroshi Abe and all products he advertises?

Well... That too...

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[IparryU]

nah, it's the bank that let his ex wife steal all his saving from.

:this:

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[IparryU]

...I just wanted something to do business with locally and online. Don't laugh, went with the post office...
Took 10 minutes, done.

Yep, the Japanese Post Office is the often the best for banking with:
Bilingual ATMs that take foreign credit cards
lowest transaction charges
their foreign exchange rate sending smaller amounts overseas is the cheapest
EMS is often as cheap and more convenient than foreign takyubin (FEDEX, UPS, etc)
locations fucking everywhere!

BONUS: (Japan Post has a "secret" internal rule that every district post office should have an engrish speaker on duty during regular business hours.)

I looove Japan Post (except for the prices of their stamps) and despise privatization of the posts.

Japan post? They won't transfer JPY to another country without exchanging it first. Reason being is because you can't have yen accounts, which is just their ignorance.

No English speakers... Or at least I never got one.

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[Coligny]

But you're only guaranteed up to 10 million yen, if I remember correctly. There was some talk of boosting the guarantee to 20 million at the Yucho Bank, I think, but the regular banks complained bitterly (as they would, because it would give Yucho an advantage), and the idea was dropped.

Working totally from memory there, so don't quote me.

If you've managed to scrounge up 100 million (1 oku) over the years (or won the lottery) you'd have to distribute that money to 10 banks to be safe. What a pain (not that I have to deal with that particular problem).

I think the 10 miliun yens backing is from the governement for all banks

Yes, Yokohammer, that's the limit I see on the webpage of the deposit insurance corporation. Can't imagine keeping that much money in Japanese bank deposits with a 0.02% interest rate (so your 1 oku gets you 2 man interest per year), as opposed to even Japanese government bonds which, while crappy, are typically around 50 times as good at 1%. Not to mention stocks.

Some people do actively suck at capitalism...

[pjifwepijfsd]

Some people do actively suck at capitalism...

Most people seem to, even. But that's how all these banks and other financial institutions make their money, I guess, which is good for us shareholders.

[matsuki]

From what I'm hearing from married Japaneeeeze acquaintances, shit like what happened to IPU is common. If you can prove you're married (and probably only if you're Japanese) they seem to allow you to make transactions on the account without your spouse. The idea being that if you are incapacitated, your spouse can hold down the fort, pay bills, etc. without needing to wheel your hospital bed to the bank. On the other hand, they mentioned hearing about successful lawsuits against the bank for unauthorized withdrawals by spouses. Sounds like another area here where things can be black and white or gray, case by case, etc etc.

[IparryU]

From what I'm hearing from married Japaneeeeze acquaintances, shit like what happened to IPU is common. If you can prove you're married (and probably only if you're Japanese) they seem to allow you to make transactions on the account without your spouse. The idea being that if you are incapacitated, your spouse can hold down the fort, pay bills, etc. without needing to wheel your hospital bed to the bank. On the other hand, they mentioned hearing about successful lawsuits against the bank for unauthorized withdrawals by spouses. Sounds like another area here where things can be black and white or gray, case by case, etc etc.

if you are still married, she can get you shit.

my old colleague was meeting with a divorce lawyer a while ago and he was asking about how he can get money set aside so he can move, eat, etc.

the lawyer said that any money he makes is her money too. but in his case, she made 5 times more than he did... so he could use some of her money, but since he is a foreigner, he shouldn't cause they would turn him into a thieving gaijin trying to get away with all her money. so he asked what he should do once again... and basically looped from there ending in that he should try to get paid under the table and put the cash in his office desk.

the end