The best way to get YEN when you are traveling to Japan is from Japanese ATMs. In particular, ATMs from the Japan Post Office, and from 7-11. There are a few things you’ll need to know about Japanese ATMS that I share with you, and I go over the basics of Japanese Yen.
CLICK HERE TO SUBSCRIBE: http://bit.ly/yellowwsub
You might enjoy watching some of these other videos:
How to ride the Subway in Tokyo: https://youtu.be/s-NyccWXlt4
How to use an Onsen in Japan: https://youtu.be/OWffHzxzJyc
Yellow Productions on social media:
FACEBOOK: https://www.facebook.com/YellowProductionsTravel
INSTAGRAM: https://www.instagram.com/yellowwproductions/
TWITTER: ChrisRaney
GOOGLE+: https://google.com/+yellowwproductions
Check out my blog at:
Yellow Productions Merchandise:
https://www.teepublic.com/user/yellowproductions
Music:
Easy Lemon Kevin MacLeod (incompetech.com)
49 Comments
Thank you for your message.
there is no 5e coins:D
How are the exchange rates comparing with money changers and rates you get outside of Japan? I've read posts saying it's best to get yens outside of Japan.
Thanks for your videos.Good advice. You are a mine of information.
My 8th grade World history teacher Mr. husky was in Japan for a few years, some time ago and he actually taught there, and he is fluent in Japanese. I'm not that great BUT he gave me a 500 yen coin just like the one you have in the thumbnail
Edit: except I did notice that holes in the zero are hollowed on mine
One major thing you didn't discuss was fees for with drawing cash at a ATM vs the exchane rate you will receive when converting your home currency lets say US Dollars to Japanese Yen.
Most ATM's in Japan at 7-11 or the Post Office will not charge a fee to withdraw money but most of your home banks usually will charge you a $5.00 dollar fee per every time you visit a ATM. So if you keep taking out money no matter the amount these fees start to add up.
Then how do the ATM's in the Japan make any money then if they don't charge you any fee's? Simple they do it on the exchange rate of the day you withdrawl. As of today the exchange rate is about 113 Yen to the dollar but you will never get the actual rate since this is how they make money. Instead the ATM will charge you a 3 percent fee exchange rate so the actual rate you would get is 110 yen to the US Dollar.
So if you withdrawl $100.00 USD you would get 110,000 Yen and not the ful 113,000 Yen. So a 10 percent bonus since the US dollar is stronger and not 13 percent. Think of it as getting a 10 percent discount for converting from USD to Yen on everything you buy.
What I do in when I land in Japan is at the airport I shop around the various exchange booths and pick the lowest one which is going to be 3 percent. You won't find a better rate than that. I would basically if you can exchange all the money you will need their at one time vs getting dinged 5 dollars every time at the ATM and avoid the hastle of having to look for one.
Your local bank in the US will usually charge 6 percent or more for foreign exchange so that is over double what rate you can get in Japan at the airport.
Do not exchange at your departing airport or mall those guys charge 12 up to 18 percent and the people who don't do their homework will get ripped off.
Also for large purchases try to use your credit card if the merchant accepts them. Most Credit Cards do not charge any fees but will charge the same 3 percent conversion fee. If you get a Travel Credit Card you will get the acutal rate of the day and no fees but it's another card you have to sign up for just to save a measly extra 3 percent.
1:03 theres just hunterxhunter stuff on 7 eleven
I'm sorry 10000 yen
Most informative and useful video on this subject!
Do regions cards work at these atm’s?
Can I exchange my US$ in a Japanese bank? Thanks!
how much is ¥343.2
I want to move to Japan and live my adult life there I Love Japan
Great video but you left out that the smallest bill is nearly the equivalent to $10. I didn’t see any bills in yen for U.S $1 or $5. Only coins.
ATM's around here USED to be closed after 10 at night, and usually didn't open until around 9 in the morning.
I also usually carry cash when I'm in Canada, and most of the change I get is COINS. My pants fell down one day walking in Walmart because of all these damn coins. It's like Harry Potter money!
When you say ATM card, will a debit card be ok as well? Or does it have to be an ATM card?
Dude, good video, but go easy on the music.
Some cards don't charge foreign exchanges charges. Like Capital One, for example. I can go to Tokyo right now and incur no fee from Capital One. Now, I may get a fee from wherever I'm at, but not my CC company.
CitiBank ATMs also usually accept international debit cards. If military or veterans have USAA, they refund up to $15 USD of any ATM fees.
Thanks for the advice im actually going to japan in 2 days from now i spent 20 percent of my college years learning Japanese because im actually going to live there i am 24 right now so i still have a long time
Thanks so much for the video! Very helpful! Just curious, I am going to Japan in Sept. To Tokyo, I want to bring some gifts from home but not sure what's good to bring and what those receiving the first would like. Any suggestions!? Thanks 😊
Things not to do in Japan
1: no tattoo
2: dont talk or eat on train
3: dont have calls on train
4: dont pass your sushi to people with chop sticks.
5: dont point at anything
6: dont take your trash out whenever you want.
7: if you r a male dont have long hair to want to work.
8: use mostly cash everywhere.
9: dont wear shoes in house.
10: dont be loud in house.
11: dont wear backpack on train.
12: no sneezing in tissues
13: no dyed hair or blinds
14: make sure to give your business card the right way.
Your welcome for the rules not to do in japan👍👍
How about a red d
Its bleeding
1 Yen equals 1 Cent
does it work for chase debit/credit cards?
Tysm now all I have to do is convince my parents to take me to japan and ill translate for them
do the ATMs charge a fee?
Ty
I have a chase debit and credit. Would they work in Japan?
Anyone know if the Wells Fargo Debit card assess charges for ATM withdrawals in Japan?
A have a 500 yen silver coin
If I go to post office ATM for cash withdrawal, will I get charged for withdrawal fees?
This was very helpful. Thank you.
Isn't 100 yen 1us dollar?
thankyou so much!
I am moving to live in Japan and I want to switch all my money to Yen we are talking about 1k+ and i want to get the most out of my money and when i land i need to have 200,000 yen in pocket at least for my apartment. is it best to carry that money in cash and exchange it at the airport because getting limited by atm isn't ideal.
Do you recommend visiting anywhere in Japan
Im not sure if i understood you correctly, but just so you know, 5 euro coins dont exist, its a bill
very nice!
I’m only 10, and I’ll need to make $500 for a airplane trip, and I just need to learn how to make Yen from Canada :/
Wow it almost seems like everything is backwards compared to how it is in America. I really enjoyed this video and learning some very basic things that I would have never imagined. I would have assumed the ATMs to be 24/7 and I would have assumed a 10,000 yen Bill too large.
¥s like money in video games because the gear/clothes in games over 1000 and in real life it’s kinda cheap
like for example movieStarPlanet the clothes are over 500 or idk in real life it’s 30 or idk
im a kid and now all i need to do is wait to go to japan i live in the usa soo i need so much money to get there soo prob like 1k or 5k cash to get to japan and its my fav country and i might go to china first but might live in japan tho and prob go to usa sometime but i might change my mind but tysm
Markat value
concise and informative
great video
My Credit Union charges 1 percent fee for every transaction made in Japan on my Debit Card
7-11 in the USA I pay no Fees I get cash back at the grocery store No Fee
What is an ETM card
How much 500 coin
so I'm going to need an ATM card…