Credit, debit or cash? Avoid unnecessary fees and find the best way to use your money in Japan.
Compare your travel money options, read our guide on Japanese yen and figure out how much you'll need to budget for those ramen lunches and karaoke nights.
Our top tip? Most ATMs in Japan don't accept international cards so you'll need to keep an eye out for ATMs inside Japanese Post Bank and Seven Bank.
Compare your travel money options for Japan
Cash is still king in Japan, especially due to the difficulty of ATM access for visitors form overseas. You've also got the choice of prepaid travel cards and debit or credit cards for larger purchases.
What is the best travel money card to take to Japan?
Best is a subjective term — it means something different for everyone. At the very least, a travel product should have one of these features:
- No currency conversion fee
- Either no international or local ATM operator fee
- Travel extras: insurance, airport lounges, worldwide concierge service, etc
Next, you need to have an idea about how you plan on transacting in Japan. While Japan is very much a cash society, there are times when you'll need to use your card. Hotel and travel bookings as well as big ticket items should be purchased on your credit card if possible to make the most of your card's interest-free days feature.
But, if you plan on indulging in Japanese culture — think tea ceremonies, guided tours in Sakura season, entry the Emperor's Palace and small cafeterias and eateries — you'll need cash. The cost of withdrawing from an ATM should be a factor in your comparison of travel money products.
A product which doesn't charge for currency conversion or to use the ATM is ideal. Some ATMs in Japan (mainly in 7/11 stores and post offices) don't charge a local ATM operator fee. Pick the right product and it could be cheaper to withdraw your money in Japan than it is at home.
A quick summary of travel money options for Japan
| Travel money option | Pros | Considerations |
|---|---|---|
| Debit cards for travel |
|
|
| Prepaid travel money cards |
|
|
| Credit cards for travel |
|
|
| Traveller's cheques |
|
|
| Cash |
|
|
How the different travel money products work in Japan
Japan is a cash society; however, credit and debit cards are accepted in most places in Japanese cities. Establishments such local restaurants, markets and rural inns (ryokans) are cash only. In the places where you can use your card, you may have issues if you're using a travel card at the point of sale. Some merchants may reject this card because it doesn't have your name on the front.
Using a prepaid travel card
A travel card lets you load Australian Dollars and convert the funds to Yen (along with a number of other currencies). The main advantage to these cards are they allow you to spend without paying extra for currency conversion. Other benefits for travellers include:
- A dual card account. You get a backup in case your first card is lost or stolen.
- Security. Travel cards are CHIP and PIN protected.
- Prepaid accounts. Stick to your budget and top up your travel card when you need more money.
These products require a little more management than debit and credit cards, as you're responsible for ensuring you top up the card before you run out of money. Remember it can take up to 3 business days for funds clear, and even longer if there's a public holiday or weekend in Australia.
- Travel card considerations
Travel cards do have benefits from international travellers; however, all that glitters is not gold. Be wary of travel card fees (initial load, reload fees and ATM fees), and if you're a rate hunter, you may want to compare the exchange rate on offer from your travel card issuer. Travel card foreign exchange rates are different to the rate your bank gives you when you send money online or when you buy foreign cash.
Using a credit card
All credit cards allow you to spend in a foreign currency. Some cards are cheaper to use than others. You can compare credit cards which do not charge a fee for currency conversion in the above table. This is an additional charge of roughly 3% when you use your card outside of Australia.
- International ATM fees. The majority of credit card issuers on the market will charge a fee to use an international ATM. Some credit card issuers, such as Bankwest, waive the international ATM fee.
- Cash advance fees. Withdrawing cash on credit is one of the most expensive ways to get money. Cash advance fees and interest charges apply to this type of transaction, and you're not eligible for interest free days either. Some issuers waive the cash advance fee and rate of interest if you've preloaded a credit card with your own money. The rules are different for each credit card issuer; you can see which issuers let you do this in the FAQs section of our travel money page.
Using an Australian debit card
The majority of debit card issuers will charge you a fee when you make a purchase in a foreign currency. However, in the table above you can compare available transaction accounts that waive this fee when you meet certain requirements.
It's important to know that most ATMs in Japan do not accept international cards. Look for ATMs inside Japanese Post Bank and Seven Bank. Citibank have a presence in major cities and airports. Visa and Mastercard have ATM location tools on their website you can find the closest ATM. The post offices opening hours will vary with size. Some open from 7:00 to 23:00, others 8:00 to 20:00 and others from 9:00 to 16:00.
Taking a traveller's cheques to Japan
Although traveller's cheques are becoming an antiquated form of travel money, they are still used by people who are looking to take money to Japan. The safest way to carry your bulk of money to Japan is to use a traveller's cheque. The traveller's cheques widely accepted in Japan are Visa, American Express and Thomas Cook.
To buy American Express traveller's cheques in Australia, visit participating banks, selected Australia Post outlets, credit unions, American Express travel services and American Express foreign exchange offices. Fees charged to purchase traveller's cheques vary from one establishment to another. Some establishments will charge a nominal fee while others will offer traveller's cheques free of a charge as a service to customers.
After taking your traveller's cheques to Japan, you can redeem them at banks announcing 'authorised foreign exchange bank' outside the front door. You can also redeem your cheques at Japan's main post offices. In Japan, the traveller's cheques attract a relatively better exchange rate than bank notes. To get the best rates, redeem your cheques in banks and post offices. Redeeming the cheque at stores or hotels will attract fees and commissions.
Japanese Yen: Exchange rate history
| Year | Average annual exchange Australian Dollar (AUD) to Japanese Yen (JPY) |
|---|---|
| 2012 | 78.72 |
| 2013 | 90.18 |
| 2014 | 93.84 |
| 2015 | 97.45 |
| 2016 | 88.09 |
| 2017 | 84.23 |
| 2018 | 87.98 |
*Exchange rates are accurate as of 1 January on each year listed above.
A guide to the Japanese Yen
Since the introduction of the Yen, the denominations have ranged from 10 Yen to 10,000 yen. The following is a brief description of the ¥1000, ¥2000, ¥5000, and ¥10,000.
- 1,000 Yen note. This note has been in use since 1945 and it is currently the lowest value Yen banknote. The front side of the note bears the image of the legendary regent and politician under Empress Suiko, Prince Shōtoku. The reverse side bears a drawing of Mt. Fuji and cherry blossoms.
- 2,000 Yen note. This banknote was issued in July 19, 2000. The front side of the note bears a serial number and portrays Shureimon, a 16th-century gate at Shuri Castle in Naha, in Okinawa Prefecture, Japan. The reverse side portrays a scene from "The Tale of Genji'" and a portrait of Murasaki Shikibu, the noblewoman to whom this work of literature has been attributed.
- 5,000 Yen note. The front side of the 5,000 note has a portrait of Ichiyo Higuchi, a Meiji era writer and poet. The reverse side depicts "Kakitsubata Flowers", from a folding screen by Korin Ogata.
- 10,000 Yen note. The front side of this note has a portrait of Yukichi Fukuzawa, a Meiji era philosopher and founder of Keio University. The reverse side has a drawing of the hoo (Chinese phoenix) in the Hall of the Phoenix, Byodoin temple.
How much ¥en do I need to bring?
| Budget (Cheap) | Midrange | Luxury (High-end) | |
|---|---|---|---|
 |
Dorm bed ¥2800 = 33.28AUD |
Double room at a business hotel ¥12,000 = 142.63AUD |
Double room in a top hotel ¥23,000 = 273.38AUD |
 |
Set meal at casual restaurant ¥800 = 9.51AUD |
Dinner at an izakaya (Japanese-style pub) ¥4000 = 47.54AUD |
Meal at a good sushi restaurant from ¥10,000 = 118.86AUD |
 |
One temple or museum entry ¥500 = 5.94AUD |
Temple and museum entries ¥1000 = 11.89AUD |
Temple and museum entries ¥1000 = 11.89AUD |
*Prices are approximate and are subject to change.
Back to top
Hi
I have Australian citibank card. I realised that there are no citibank in japan anymore. When I withdraw cash from Smbc ATM, do I get charged?(withdrawal and conversion)
Thanks
Hi Jen,
Thanks for your question.
The exact fees you’ll be charged will depend on the specific card you’re using. However, Citibank credit cards generally charge a currency conversion fee of 3.4% of transaction amount. If you’re using the credit card for ATM withdrawal fees, you’ll be charged a $5 cash advance fee and will accrue cash advance interest rates immediately. Local ATM fees may also apply.
For any more questions on what you’ll be charged for the specific card you’re using, you might want to contact Citibank on 13 24 84.
Cheers,
Sally
We are considering either the NAB or Travelex pre-paid travel money cards. My concern is around the delay in loading extra funds – 2-3 business days. Is there a way to avoid this delay in funds transfer?
Thank you.
Hi Lianne,
Thanks for your question.
Unfortunately, the only way you can avoid the funds transfer delay is loading funds on the card in-branch or in-store. This means that you can’t really avoid the funds transfer delay when you’re in Japan. Instead, you’ll just need to be wary of how much you’re spending and make sure you load funds on your card well before you run out of money on your card.
Cheers,
Sally
Hi,
Since Citibank Japan is now SMBC Trust Bank, will I get ATM charge if I use my Citibank Plus debt card to withdraw money from a SMBC Trust Bank ATM machine?
Thanks.
Hi Chell,
Thanks for your question.
Yes, you should still be able to withdraw funds from SMBC Trust Bank ATMs with your Citibank card in Japan.
I hope this has helped.
Cheers,
Sally
Another site suggests that cards with chips are not accepted at post office ATMs in Japan and that few other ATMs accept foreign issued cards to withdraw cash, especially outside major cities. Most cards now have chips of course.
Is that advice accurate? If so it sounds much more difficult to get money out than you suggest. Do you think it would be sensible to take traveller’s cheques just in case?
Hi John,
Thanks for your question.
From our experience, Australian chip-protected prepaid travel cards are generally accepted in most 7/11 convenient stores and post offices in Japan. However, you may have some difficulty withdrawing cash from ATMs in some smaller towns in Japan.
To prepare for such situations, we would recommend that you organise more than one source of funds at all times during your trip. For example, if you have a prepaid travel money card, you may also want to carry cash and a credit card to ensure that you’re prepared for any potential drawbacks.
I hope this has helped.
Thanks,
Sally
Do they require a pin or signature on purchases made with the Credit Card in Japan?
Hi Teon,
Thanks for your question.
Swipe and sign is generally accepted in Japan, though some retailers still accept chip and PIN.
Cheers,
Shirley
Hi Teon,
Thanks for your question.
Yes, a signature or PIN will be required to make credit card purchases in Japan.
I hope this has helped.
Thanks,
Elizabeth
Can an ATM card, issued by a US bank be used in Japan to exchange US dollars for yen?
What US credit cards are accepted in ATM’s in Japan?
Hi Liketravel,
Thanks for your question.
Generally your ATM card can be used to exchange USD to JPY; given that the merchant or ATM accepts your card type. This can be done by looking at whether it’s a Visa/MasterCard/AMEX etc and if the logo is displayed at the location.
The following card types are generally accepted in Japan: Visa, Plus, Mastercard, Maestro, Cirrus, Amex, JCB.
Cheers,
Shirley
My 13 yr old daughter is travelling to Japan as part of an organised school sporting team for 7 days. Accommodation and most meals are covered, but I am wanting her to be able to purchase snacks and have a small amt of spending money. All up approx. $300. Would I be best just giving her Japanese money (no mucking around using and finding ATMs etc) prior to departure or arranging a multi currency cash passport? Can I get leftover cash converted back to AUD if she brings any home?
Sue
Hi Bobdob,
Thanks for your question.
This is entirely up to you; as mentioned in the article Japan is still very much a cash society. You may even want to consider both options, in case her cash or card gets stolen abroad.
You can ask for your funds to be cashed out (a fee applies) from the Multi Currency Cash Passport when she returns.
All the best,
Shirley
Hi. Your article is pretty good but I still do need to ask a question. It is my first trip to Japan; going to Kyoto first and then to Osaka. I intend to load up my ANZ Travel Card with Japanese Yen.
Do you foresee any problem with me withdrawing cash from the Post Office ATMs or 711 atms in both Kyoto & Osaka?
Do restaurants accept ANZ Travel Card, keep in mind this card will not bear my name.
Appreciate your assistance / advice with this.
Thanks very much.
Alice
Hi Alice S,
Thanks for the question.
No immediate problems come to mind with using this card, although keep the following points in mind when using the ANZ Travel card (or with any other travel card)
1) Check the ATM accepts Visa before you use it – the majority of ATMs in post offices and 7-Eleven stores will accept Visa, but its better to be safe.
2) Be conscious of the closing times of these locations to ensure you can withdraw your money. 7-Eleven stores are generally open 24-hours, but post offices may be a different story.
3) It’s up to the restaurant or store merchant whether or not to accept your card, so to be on the safe side, ask whether they will take the card before you sit down for a meal.
I hope this has helped, and enjoy your trip to Japan.
Thanks,
Elizabeth
Thanks Elizabeth