MUFG vs SMBC vs Mizuho
How Japan’s three megabanks compare on network, ecosystem and everyday features.
Who this is for: People choosing a full-service megabank, often for salary, mortgage or business needs. · Last verified: 2026-07-28
Quick verdict by situation
Comparison
| Bank | Bank type | Branch access | Point ecosystem | Foreign-currency account | International transfers |
|---|---|---|---|---|---|
| MUFG Bank | Megabank | Yes | Not confirmed | Yes | Yes |
| SMBC | Megabank | Yes | V Point | Yes | Yes |
| Mizuho Bank | Megabank | Yes | Not confirmed | Yes | Yes |
Key differences
- All three are full-service megabanks with nationwide branches and Japanese-first service.
- SMBC leads on app/points integration via Olive and V Point.
- Differences in day-to-day fees are small and volatile — confirm the current schedule for your usage.
The three megabanks are compared as directly substitutable full-service options.
Alternatives
- Japan Post Bank — The bank with the widest branch and ATM reach in Japan through the post-office network — often accessible for new residents and useful in rural areas.
Before you apply
Who this is for
People choosing a full-service megabank, often for salary, mortgage or business needs.
Selection criteria
The three megabanks are compared as directly substitutable full-service options.
Eligibility and documents
Eligibility depends on the bank, residence status and current documents. We do not predict approval.
How to apply
Check the official application page, prepare identity and residence documents, and keep your registered name consistent.
Fees and limits
Fee schedules, free-use allowances, exchange rates and transaction limits can change; verify them for your route before applying.
Trade-offs
All three are full-service megabanks with nationwide branches and Japanese-first service. SMBC leads on app/points integration via Olive and V Point. Differences in day-to-day fees are small and volatile — confirm the current schedule for your usage.
Warnings
No placement implies approval, universal suitability or future value. Never send passwords or one-time codes.
FAQ and banking terms
Use the linked account-opening guide, banking FAQs and glossary for residence card, identity verification and transfer terminology.
Frequently asked questions
Does this comparison guarantee account approval?
No. Check each bank’s current eligibility and document requirements. We do not estimate approval likelihood.
Can I choose based on this fee table alone?
No. Fees, free-use allowances, exchange rates and limits change; verify the official schedule before applying.
Does “Not confirmed” mean a feature is unavailable?
No. It means official evidence was not established, so we do not turn an unknown into “No”.