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It's not uncommon for a long time to go to the bank to deposit coins, such as 500 yen savings or children's pocket money saved in a piggy bank. [Chart] How many and how much is the fee for exchanging large amounts of coins? I have always been obsessed with "paying at stores quickly", and I didn't want to open my wallet in front of the cash register, take my time, and take out the coins exactly according to the payment amount, so I took out my bills. I was trying to get my change and leave. Of course, cashless payment was quick, and when Edy and Suica as electronic money came out, they started using it quickly, and when the mobile Suica app appeared on mobile phones (so-called Garakei), they set it up on the same day. That's why I tended to keep a lot of change in my house, and I used to go to the bank every few years to deposit it. However, today, we live in a world where it is not possible to carelessly save coins at home.

In an era where there are fees for depositing large amounts of coins

Starting with Sumitomo Mitsui Banking Corporation in December 2019, in April 2020, megabanks such as Mizuho Bank and Mitsubishi UFJ Bank In addition, local banks have also established a "large-volume coin handling fee", and deposits with large amounts of coins are charged a fee. For example, if you deposit 1,000 1-yen coins as shown below, Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Bank will charge a fee of 1,100 yen, while Mizuho Bank will charge a fee of 1,320 yen, which will be negative. Even if you deposit 1,000 10-yen coins and get 10,000 yen, you will be charged 1,100 yen or 1,320 yen, which is more than 10% of the fee. , it costs 10,000 times the interest rate.

Japan Post Bank, which is now free of charge, finally charges a fee

Even now, when megabanks and regional banks all charge a fee for handling large amounts of coins, Japan Post Bank was free of charge. It was announced in July this year that a coin handling fee will be newly established from January 17, 2022. The coin handling fees at Japan Post Bank counters are as follows. The number of sheets free of charge is up to 50, which is less than other banks. If you have a large amount of coins at home and want to deposit them in a bank, you should do so by January 17, 2022. However, it takes time to process a large amount of coins, so avoid busy days and hours, and make sure to contact us in advance as described on the Japan Post Bank page.