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Topic

If the address of the U.S. bank account is in Japan

Question
#1
  • hawaii4649
  • mail
  • 2022/01/06 18:02

I have been living in the U.S. for many years with a green card, but now I am thinking of getting a Re-entry Permit and living in Japan for about 2 years.
If I change the address of my bank account in the US to Japan, will there be any inconvenience ？
I will not be able to use my Debit card to make purchases from US sites such as eBay ？
If I don't use it, it might get frozen. I would like to use it about once every 6 months.
Please let me know if you know anything about this.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#5
  • SJDummy
  • 2022/01/08 (Sat) 06:13
  • Report

I now live in the US （ Hawaii ） so I use the Japanese mailbox service (jaddress.com). There is a similar mailbox service in the US, where you can get a US address and have your mail or package forwarded or scanned and have that information sent to you. For example, if you Google "personal mailbox mail forwarding service", the following will come up. Prices seem to vary depending on the service.
https://ipostal1.com/
https://www.anytimemailbox.com/
https://travelingmailbox.com/
You might want to check them out. If you plan to return to the U.S., it is very important to keep a good credit history （ because once you lose it, it is very troublesome to build it up again. ） So, I think you should consider it carefully.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#6
  • SJDummy
  • 2022/01/09 (Sun) 06:58
  • Report

Dear hawaii315, I have maintained accounts at both US (Citibank) and Japanese (Mitsubishi UFJ （ ）) banks for many years and have never had any inconvenience with the accounts themselves even though my address is outside the US. However, U.S. citizens and green card holders are required to file a tax return with the IRS no matter where they live in the world, and if they have an account with a balance of $10,000 or more outside the U.S., they are required to report it on Form 1040. They are also required to file a separate FinCEN Form 114 after filing their TAX Return. See below.
https://www.fincen.gov/report-foreign-bank-and-financial-accounts
In addition, Japanese banks require you to submit documents to the US IRS when you open an account. In addition, if a Wire Transfer is made between Japan and the U.S. and the amount is $10,000 or more, the bank will report it to the tax office, and the tax office will later investigate the account holder. （ There has never been any investigation on the U.S. side. ） These are all measures to prevent Money Laundering.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#7

Thank you SJDummy for your valuable information.
It will be very helpful for me to decide where to live in the future.
I believe that the Japanese tax system and various matters regarding bank accounts will change more and more in the future, but I would like to avoid being subjected to extra taxes.

Thank you very much, hawaii4649-sama.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#8
  • hawaii4649
  • 2022/01/11 (Tue) 05:58
  • Report

Thank you all.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#9
  • hawaii4649
  • 2022/01/11 (Tue) 05:59
  • Report

Thank you all for your input.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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