Question: “I’m wondering whether I should keep my Japanese bank account open in Japan. The banks in [my homr country] are terrible. If you leave $50 there for a year, it’ll disappear from account keeping fees and in fact you’ll be in debt, rather than having earned any interest. Is it the same in Japan? Do you recommend keeping open or closing my [Japanese] account?”
Answer: No problem-o!
Japanese banks have no charges for inactive accounts and by law they cannot close an account with only 100 yen in it for a decade!! I have at least five “sleeping” accounts since different employers have forced me to get them for direct payment of wages. Last August, I just “found” one Japanese bank account with 230,000 yen that had been sitting there since 1989. I withdrew 229,000 yen from it and now it’s sleeping peacefully.