Hailey Johnson
MUFG Bank, Japan's largest bank, offers a range of services to its customers, including debit cards, credit cards, loans, and insurance. The bank has a strong commitment to investing in diverse talent and promoting women's sports globally. To open a bank account in Japan, individuals typically need a mid-to-long-term visa, valid for at least six months. MUFG provides both in-person and online account opening options, although some foreigners may face challenges with the language barrier and strict requirements. The bank's application process has been criticised as tedious and overly complex, particularly for foreigners, but some have praised the staff for their patience and assistance.
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What You'll Learn
Opening a MUFG bank account in Japan
MUFG Bank is Japan's largest bank. To open a bank account in Japan with MUFG, you must have a mid-to-long-term visa with at least six months remaining. It is a requirement that you are able to understand the bank rules when they are explained to you in Japanese.
Non-residents are subject to restrictions on banking services, including being able to apply for internet banking, credit cards, and debit cards. To open an account, you will need to fill out an application form at a branch office. You will need to make an appointment and provide the following documents:
- Residence (zairyu) card
- Passport with the most recent visa to enter Japan, showing an entry date of six months or more prior
- Certificate of residence (juminhyo) with a date of becoming a resident of six months or more prior
- Health insurance card with the name of the company where you work
- Statement of withholding tax with your company's seal
- Employment contract
Some people have reported that opening an account in person was not possible, but that they were able to open a personal account online. Others have reported that they were able to open an account in person with N3-ish level Japanese. However, some tellers may be less patient with foreigners, so it may be necessary to try your luck.
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MUFG mobile app and its features
MUFG Bank offers a mobile application for its commercial and corporate clients, known as MUFG Exchange Mobile. This application allows users to access their accounts and perform time-sensitive treasury management activities securely and conveniently.
To sign in to the MUFG Exchange Mobile app, users must input their existing MUFG Exchange User ID and credentials. It should be noted that MUFG Bank will never request users' User IDs, credentials, or financial information online or over the phone. To protect against fraud and identity theft, users are advised not to disclose such information unless they initiate the contact.
The MUFG Exchange Mobile app offers a range of features, including:
- Information Reporting: Users can check their account balances in U.S. funds (prior day closing ledger and current day available) and foreign funds (prior-day closing ledger). They can also view daily transaction totals and posted item details.
- Payments and Transfers Management: Users can initiate domestic wire transfers using templates, conduct intra-bank account transfers, and approve wire transfers.
The MUFG Exchange Mobile app is available for download on the Apple App Store and Google Play Store.
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MUFG's commitment to investing in diverse talent
MUFG Bank, Japan's largest bank, has demonstrated its commitment to investing in diverse talent through several initiatives and partnerships. The bank understands that fostering diverse talent is essential for long-term success and building trust-based relationships with clients and the broader community.
One example of MUFG's commitment is its collaboration with two-time Olympian and major championship winner, Yuka Saso. This partnership reflects MUFG's dedication to empowering women in sports and investing in the next generation of diverse talent. Through this collaboration, MUFG showcases its support for promoting gender equality and providing opportunities for athletes beyond their sporting achievements.
Additionally, MUFG has formed strategic alliances with organisations like Peachtree Corners and Curiosity Lab, further emphasising its commitment to innovation and talent development. By partnering with these organisations, MUFG gains access to a diverse range of expertise and fosters an environment conducive to creativity and growth.
MUFG also recognises the importance of financial inclusion and equal opportunities for people from all backgrounds. The bank has taken steps to ensure that its services are accessible to a diverse range of customers, including those with specific visa requirements. MUFG's commitment to investing in diverse talent extends beyond its immediate business interests, contributing to the broader social and economic fabric.
Furthermore, MUFG has shown its dedication to supporting communities in need through donations and sustainable finance initiatives. For instance, the bank announced a donation for earthquake relief in Afghanistan, demonstrating its social responsibility and commitment to helping those affected by natural disasters. MUFG's actions showcase its understanding that investing in diverse talent includes supporting diverse communities and promoting sustainable development.
In conclusion, MUFG's commitment to investing in diverse talent is evident through its partnerships, initiatives, and community involvement. The bank recognises the value of fostering an inclusive environment that empowers individuals from diverse backgrounds and promotes equal opportunities. By investing in diverse talent, MUFG strengthens its relationships with clients and the community, solidifying its position as a trusted and forward-thinking financial institution.
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MUFG's partnership with Basketball Star Stephanie Mawuli
MUFG Bank, Japan's largest bank, announced its partnership with basketball star Stephanie Mawuli in 2025. Mawuli is a member of the Japanese Women's National Basketball Team and has represented Japan in the 2021 Tokyo Olympics and the 2024 Paris Olympics. She currently plays for Casademont Zaragoza in Spain and has been a part of the New York Liberty's WNBA Camp Roster. Her accolades include medals in the 2018 Asian Games and the 2019 U23 3x3 World Championship.
Mawuli expressed her excitement about the partnership, saying that she shares MUFG's mission of empowering a brighter future. The partnership will involve Mawuli's participation in various MUFG-organized events, including online and in-person activities, social media engagements, and community outreach programs.
Yutaka Fujishiro, Regional Head of Japanese Corporate Banking for the Americas at MUFG, commented on the partnership: "We are excited to join Stephanie's journey as she bridges international communities through sports. Women's basketball is still underappreciated and under-supported in many areas. This partnership underscores MUFG's commitment to empowering young talent and promoting women's sports."
The partnership with Stephanie Mawuli reflects MUFG's support for women's sports and their goal of empowering young talent. It also showcases their commitment to promoting diversity and inclusivity in sports, as well as their interest in supporting athletes who serve as role models and inspire people worldwide.
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MUFG's Earthquake Relief Donation for Afghanistan
MUFG, Japan's largest bank, has announced a donation for earthquake relief in Afghanistan. The Mitsubishi UFJ Financial Group Inc. is a Japan-based company with over 360 years of history and a global network of approximately 2,000 locations in more than 40 countries. The group has about 150,000 employees and offers a wide range of financial services, including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
On September 2, 2025, MUFG announced its donation towards relief efforts in Afghanistan following a devastating earthquake that struck the country on September 1, 2025. The earthquake, with a magnitude of 6.0, caused over 600 fatalities and injured more than 2,500 people. The death toll is expected to rise as search and rescue efforts continue in the affected areas, which include remote and mountainous regions.
MUFG's donation will contribute to the provision of essential relief items and support for those impacted by the earthquake. The bank's contribution demonstrates its commitment to serving society and fostering shared and sustainable growth, aligning with its aim to "be the world's most trusted financial group."
The specific amount of MUFG's donation has not been disclosed, but the group's financial support will undoubtedly assist in providing much-needed assistance to the affected communities in Afghanistan. This initiative is a testament to MUFG's dedication to making a positive impact and helping those in need during challenging times.
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Frequently asked questions
MUFG Bank is Japan's largest bank.
To open an account with MUFG Bank in Japan, you need to have a mid-long term visa with at least 6 months remaining. You can open an account online or in-branch.
MUFG Bank offers a range of services, including balance inquiry, deposit and withdrawal statements, transfers, payment of taxes and fees, foreign currency deposits, and investment trusts. They also have a commitment to long-term, forward-thinking relationships between clients and bankers.
Some users have reported issues with MUFG Bank's software, including numerous independent security layers and bugs. There are also reports of strict requirements for opening an account and tedious paperwork.
