Get Cash in Japan: Best Rates, Cards, & ATMs

Get Cash in Japan: Best Rates, Cards, & ATMs

Table of Contents:

1. Introduction
2. Section 1: When do you need to pay cash in Japan? 2.1. Places that accept foreign credit cards 2.2. Restaurants and vending machines that accept cash only 2.3. Subway transit pass and Eureka payment
3. Section 2: Where to get Japanese yen in Japan for the best exchange rate? 3.1. Credit cards with no foreign transaction fees 3.2. ATM options and fees 3.3. Debit cards that waive international ATM fees 3.4. Currency exchange shops in Japan 3.5. Getting Japanese yen in your local bank before leaving
4. Section 3: Tips for withdrawing cash from ATMs in Japan 4.1. Sending a travel notice to your bank 4.2. Setting reasonable daily withdrawal and purchase limits 4.3. Checking passcode functionality before traveling
5. Conclusion

Best Ways to Get Japanese Yen Without Cash in Japan

Introduction

If you're planning a trip to Japan, you may be wondering how to acquire Japanese yen without relying solely on cash. Whether it's for convenience or financial reasons, this article will explore various methods to obtain Japanese yen in Japan. We'll discuss when cash payments are necessary, where to find the best exchange rates, and which debit cards can be used without international ATM fees or foreign transaction fees. So, let's dive in and discover the best ways to acquire Japanese yen without cash during your time in Japan.

Section 1: When do you need to pay cash in Japan?

Japan has become increasingly card-friendly, with various establishments accepting foreign credit cards. However, there are still some instances where cash is the only accepted form of payment:

Places that accept foreign credit cards

Convenience stores like 7-Eleven and Circle K, as well as restaurant shops in malls, generally accept foreign credit cards. However, it's always a good idea to carry some cash as a backup.

Restaurants and vending machines that accept cash only

While many restaurants now accept credit cards, certain establishments, especially those with vending machines or automated ordering systems like ramen shops and some restaurants in Tokyo Station, may require cash payments.

Subway transit pass and Eureka payment

To purchase a subway transit pass, such as the Suica card, you'll need to use a machine that only accepts cash. Additionally, in the past, only iPhones set to the Japan region allowed adding Suica to the Apple Wallet. However, now it is possible to add Suica to your phone regardless of the device's origin.

Section 2: Where to get Japanese yen in Japan for the best exchange rate?

When it comes to obtaining Japanese yen, there are several options to consider, each with its pros and cons:

Credit cards with no foreign transaction fees

Using a credit card that doesn't charge foreign transaction fees is a convenient and secure option. By using such a credit card, you can earn reward points, avail of extended warranties on electronics, and dispute any incorrect charges. However, some places in Japan may not accept credit cards as a form of payment, making this method less viable.

ATM options and fees

The most popular way to get Japanese yen in Japan is through ATMs. To access cash, you'll need an ATM-compatible foreign debit card, typically on the Visa or Mastercard network. ATMs from 7-Eleven, Circle K convenience stores, and Japan Post Bank offer international ATM services. While these ATMs charge a fee, usually around $5 to $10 USD, the exchange rates are generally close to those found on currency exchange websites like xc.com, with an average difference of less than one percent.

Debit cards that waive international ATM fees

If you have a debit card that doesn't impose international ATM fees or foreign transaction fees, using ATMs in Japan becomes a more cost-effective option. Debit cards like Charles Schwab, Capital One 360, or Fidelity Cash Management don't charge fees for using foreign ATMs. In addition, some debit cards even reimburse the fees charged by the ATM, providing further savings.

Currency exchange shops in Japan

Currency exchange shops are another option for obtaining Japanese yen in Japan. However, this method requires carrying cash on hand during your travels, which some may find inconvenient or risky. If you don't have a debit card that waives international ATM fees or foreign transaction fees, currency exchange shops may be a suitable alternative.

Getting Japanese yen in your local bank before leaving

While not the most favorable option, you can obtain Japanese yen from your local bank before traveling to Japan. However, keep in mind that local banks typically charge a higher exchange rate compared to online currency exchange websites like xc.com. Bank of America's website, for example, indicates a roughly five percent difference in exchange rates.

Section 3: Tips for withdrawing cash from ATMs in Japan

To ensure a smooth cash withdrawal experience in Japan, here are some essential tips to follow:

Sending a travel notice to your bank

Before traveling, contact your bank and inform them of your upcoming trip to Japan. This simple step helps prevent your withdrawals from being flagged as suspicious or fraudulent activities.

Setting reasonable daily withdrawal and purchase limits

Adjust your daily ATM withdrawal and purchase limits to reasonable amounts. Setting limits that are neither too high nor too low ensures the safety of your funds. It's crucial to strike a balance and find a limit that suits your travel needs.

Checking passcode functionality before traveling

Don't forget to verify that your ATM debit card's passcode works correctly before embarking on your journey. This precaution prevents any potential inconvenience or risk of being unable to access your funds in a foreign country.

Conclusion

In summary, Japan has become increasingly card-friendly, with various establishments accepting foreign credit cards. However, there are still instances where cash is necessary, such as certain restaurants, vending machines, and transportation systems. For the best exchange rates, utilizing ATMs with a foreign debit card is highly recommended, along with using credit cards that don't charge foreign transaction fees. Additional options include currency exchange shops in Japan or obtaining Japanese yen in your local bank before departure. By following the provided tips and understanding the available options, you can confidently obtain Japanese yen without relying solely on cash during your visit to Japan. Remember to plan ahead, be mindful of fees, and enjoy your time exploring the remarkable country.