Open a JPY Account - Japanese Yen

Opening an account is very simple.

1. Send us your request to open a JPY account through the form on the left or via the account opening form. We will contact you to schedule a phone call to better understand your needs regarding JPY flows.
2. Following this exchange, we assist you with the administrative formalities to access the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Japanese yen account and any other eligible currency. Your JPY account banking details are generally provided within minutes, and you can start receiving and making payments in JPY (Japanese Yen).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Japanese yen (JPY) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Japanese yen (JPY) account for more information.

It may be useful for your JPY (Japanese Yen) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The JPY (Japanese Yen) account can be located in the following countries of your choice:

• France
• United Kingdom
• Belgium
• Netherlands

You can view the updated table of possible locations for JPY (Japanese Yen) accounts here: account location

You can use this Japanese yen account to receive or store JPY for as long as you wish, as long as your account is active. You are automatically notified by email each time a Japanese yen transfer is received in your JPY account. You can then freely reuse these JPY to make payments in JPY to your suppliers or convert your Japanese yen, benefiting from very competitive exchange rates. There is no obligation for account movements. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal systems of marketplaces like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your revenues in that currency are automatically converted to euros at often very unfavorable exchange rates, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for currency account opening by visiting this page.

It is not possible to deposit checks or cash into your JPY (Japanese Yen) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Japanese yen are downloadable at any time from the online interface. These statements include a maximum of information about beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP through MT940 files. You will find all movements in JPY (Japanese Yen) in your software, and you do not even need to connect to our online interface to obtain the updated balance of your JPY (Japanese Yen) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.