exchange

Where to get YEN in Japan & Japanese Money Basics

a lot of my videos is Chris I'm coming

to Japan how should they get my yen

shall I get yen before I go shall I

exchange my money in the country I'm

coming from

shall I exchange money at the airport

she likes change money in the city and

the answer that I always give in the

answer that I'm gonna give all of you is

none of the above don't use any of the

exchange options because they charge you

hefty exchange fees the best rate that

you're gonna get for getting Japanese

yen is using your ATM card from your

bank but there's a caveat not all

Japanese ETM accept international ATM

cards you'll often find ATMs in the

airport that will accept international

cards but what happens when you're in

the rest of the city and you need to get

money well there are two places that

always accept international cards number

one is the Japan post office and number

two is 7-eleven if you're looking for

the Japan post office they've got tons

of locations all over Japan you can find

them because they have this t-type logo

it's a red tee you'll often find a rent

mailbox inside if you go inside the post

office there will typically be a row of

ATMs the row of ATMs look different

probably than the standard ATMs you're

used to you can insert your

international overseas ATM card in there

it'll come up and say overseas service

you can select English for the language

and it's pretty easy to get money out of

those ATMs the other place that almost

actually always accepts International

cards is 7-eleven and 7-eleven has

almost made an industry out of filling

Japan with ATMs that accept

international cards for international

guests you can find them inside every

7-eleven branch store and you can find

them now in a lot of other locations

like department stores and 7-eleven

even opened up some just dedicated ATM

locations and when you use those they're

really easy to use those ATMs again

select English when you get your yen out

you're probably only going to be able to

get about 30,000 yen if you come from

the US most US ATM cards only let you

take out about $400 so 30,000 yen or

40,000 yen equates to that amount one

thing to know about getting money from

ATMs here in Japan is they are not

everywhere you do have to seek them out

and ATMs here are not 24 hours

ATMs here like businesses have opening

and closing times so if it's 3 a.m. and

you had a long night of drinking and you

need to pay your drinking bill don't

expect to be able to get money from an

ATM at that time because most of them

that will be closed it's slightly odd

but something you just have to plan

around make sure you get plenty of yen

in the middle of the day so that you

have yen throughout your stay the other

thing I just wanted to talk about is on

the yen that comes out of the machines

so typically the yen that comes out will

be these ten thousand dollar yen bills

which is the equivalent of about a

hundred US dollars and if you were to

take this it as a hundred US dollars and

try to use it almost anywhere in the US

like a fast food restaurant a

convenience store they look at you and

say don't you have anything smaller

well Japan is a cash based society

almost everything in Japan runs on cash

many stores don't even accept credit

cards they only accept cash so you need

to carry cash with you and everybody

will happily accept your 10,000 yen and

make change because that's just that's

just how they roll here so a little bit

I want to give you a little bit on what

the money looks like and then we'll

conclude this video so 10,000 yen there

are three major bills there's the ten

thousand yen

there's the five thousand the end

and there's the 1000 yet it probably

doesn't work so well when I hold them up

but these are the major bills that they

have and it's a very coin based society

as well so there is a one yen coin which

is about the equivalent of one u.s. cent

there is a five yen coin that looks like

this it's gold it has a hole in it there

is a ten yen coin that is this brass

looking thing sometimes I've gotten five

euro coins here that misplace themselves

for ten yen coins there's a 50 yen coin

I don't have that here with me but the

50 M coin looks a lot like the hundred

yen coin which is this silver thing that

says a hundred on it the 50 yen coin is

silver and just has a hole in the middle

of it and then there is a 500 yen coin

it's very easy because it said 500 on it

and it's always good to carry some coins

around with you because Japanese vending

machines are everywhere and if you're

thirsty if you just have a bunch of

coins in your pocket you can get a

beverage no problem just like that so

now you know how to get money in Japan

you know a little bit about the money in

Japan don't exchange your money get it

from an ATM

the final bit of advice that I'll give

you is if you're looking for if you're

in the u.s. you're saying hey but my ATM

company or my bank charges me a whole

bunch of money for ATM fees I will tell

you go look for another Bank

because there are banks that waive

third-party ATM fees and also waive the

international service charge one of them

is Charles Schwab they have a bank card

that waives those fees and so the

exchange is even even better alright

well I hope you enjoyed this video if

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