How much does JP post charge for coin deposit?

Depositing Your Pocket Change: Japan Post Coin Fees Explained

While the convenience of digital payments is undeniable, many of us still find ourselves accumulating a hefty stash of coins. In Japan, Japan Post offers a straightforward way to deposit your spare change, but it’s important to be aware of their coin handling fees to avoid any surprises.

For smaller deposits, Japan Post provides a welcome free allowance. You can deposit or pay with up to 50 coins at any bank counter without incurring any charges. This is perfect for regularly depositing small amounts or using your change for everyday transactions.

However, if you’re planning to deposit a larger collection of coins, fees do apply. These fees are tiered based on the number of coins you’re depositing:

• 51-100 coins: ¥550
• 101-500 coins: ¥825
• 501-1,000 coins: ¥1,100

It’s worth noting that these fees are specifically for coin deposits at bank counters. Different rules and fees may apply to other Japan Post services, such as ATMs or postal delivery services.

Before heading to your local post office with a mountain of coins, it’s a good idea to sort and count your change. This will help you determine whether it’s more cost-effective to make multiple smaller, free deposits or pay the fee for a single, larger deposit. Knowing the fee structure allows you to plan accordingly and avoid any unexpected costs when emptying that piggy bank. For larger sums of coins, consider utilizing coin sorting machines often found in supermarkets or banks, which may offer more favorable rates.