#Japan #Tokyo #Digital Agency #Pension System

How to Register Your Bank Account for Pension Claims in Japan

Starting June 2025, individuals will be able to register their bank accounts as public fund receipt accounts when applying for pension claims in Japan. This initiative by the Digital Agency aims to streamline the pension claim process but comes with specific requirements and exceptions that applicants must be aware of.

Overview of Registration Process

When making a pension claim, applicants can apply for their selected bank account to be registered as their public fund receipt account. The application process involves filling out relevant information related to the pension receipt account and submitting the necessary documentation. Additionally, applicants will need to complete the "Pension Claim Form" with the required details.

More information regarding the completion of the Pension Claim Form can be found on the Digital Agency's website.

However, it’s crucial to note that certain conditions may prevent the successful registration of your bank account as a public fund receipt account. The Digital Agency will not receive information from the Japan Pension Service under certain circumstances, leading to registration being inaccessible. Additionally, if the account submitted does not belong to the claimant or if it falls under specific categories, registration may also be denied.

Reasons for Registration Denial

There are several specific reasons why the registration might not be accepted:
1. The bank account is not in the name of the claimant.
2. The account is in the claimant's name but displays their former surname.
3. Initial deposits into the account were unsuccessful, resulting in a payment ban.
4. Claimants who are victims of domestic violence or abuse, wherein information is restricted by the Japan Pension Service.
5. The claimant resides outside Japan.

Nevertheless, even if your bank account does not qualify for registration via the Japan Pension Service, you may still register it as a public fund receipt account through the My Number Portal under specific conditions, such as:

• - If the bank account is in the former name that is defined alongside the My Number Card.
• - If the claimant resides abroad and possesses a special My Number Card for individuals residing overseas.

Completing the Pension Claim Form

In the Pension Claim Form, specifically focus on the section regarding your intent to register a public fund receipt account. You will need to indicate:

• - If you intend to register your account, select "Register".
• - If you do not wish to register, choose "Do Not Register".

It's important to note that simultaneous application for registration and use of the public fund receipt account is not permitted. For further assistance with the completion of the form, it’s advisable to reach out to the nearest Pension Office or a local pension consultation center.

Example of Filling Out the Pension Claim Form

When registering for the pension claim, the method of completing the public fund receipt account section may vary based on the type of pension being claimed. Changes to the form's style are subject to updates without prior notice:
1. Indicate your intent regarding account usage under "Public Fund Receipt Account Intent".
- Mark "Do Not Use" when applicable.
2. Input the name of the financial institution receiving the pension.
- For instance: Digital Bank, Branch: Main Branch.
3. Specify the account type: Ordinary Savings, Account Number: 1234567.
4. Indicate Account Holder's Name: Koukin Hanako.
5. Mark your intent to register the public fund receipt account: Mark "Register".

Conclusion

Understanding the process of registering your bank account for pension claims is vital for a smooth and efficient experience when applying for benefits in Japan. By ensuring adherence to the guidelines and recognizing potential pitfalls in the registration process, applicants can navigate these new regulations with ease.