Planning a trip to Japan and worried about how to get the best yen exchange rate with Fubon Bank? Unsure of the difference in Fubon Bank’s exchange fees between online and counter services, or searching for where to find Fubon’s foreign currency ATMs? Don’t worry, this article is your ultimate guide! Here, we’ll break down the three main channels for exchanging yen through Taipei Fubon, including step-by-step procedures, fee comparisons, and money-saving tips, so you won’t be left in the dark. Exchange yen cash at the best rates with ease and make your travel budget go further!
There are countless ways to exchange yen, but through Fubon Bank, the main options are these three. Each has its own pros and cons, there’s no absolute best or worst, only what fits your needs. Let’s start with a simple table to quickly understand their differences:
| Comparison Item |
Online App Exchange |
Counter Exchange | Overseas ATM Withdrawal |
| ✅ Pros | Best rates (spot)
Available 24/7 Fast and convenient to use |
Direct cash withdrawal
No foreign currency account required Personalized service |
Great for emergencies Can withdraw while in Japan No reservation required |
| ❌Cons | Requires a foreign currency account
Additional steps and fees for cash withdrawal |
Worst rates (cash)
Limited to bank business hours Possible long wait in line |
High fees
Withdrawal limits apply Requires activation of overseas withdrawal |
| 💡 Best For | Budget-conscious planners seeking the best rates | Those unfamiliar with using apps or who need cash immediately | Travelers short on cash during their trip who need emergency withdrawals |
For budget-conscious travelers, using the Fubon Mobile Banking App or online banking to exchange currency is definitely the first choice. Online exchanges use the “spot selling rate”, which is usually the best among all channels.
If you’re not used to using the app or only realize you need yen right before departure, going directly to a branch counter is the most straightforward option.
Many people ask, “Does Fubon have foreign currency ATMs?” The answer is: currently, Fubon Bank in Taipei has not set up its own foreign currency ATMs. Therefore, you cannot directly withdraw Japanese yen from a Fubon machine domestically. This option mainly refers to withdrawing cash abroad using a Fubon debit card.
In summary, if you want to save money, use the app for online exchange; if you seek convenience, go to a branch counter; withdrawing from overseas ATMs should be treated as a backup emergency option.
Understanding the fees is key to truly exchanging currency smartly. Different exchange methods have very different fee structures, which we will break down one by one.
This is the area that confuses most people, so let’s make it clear.
In short, even if you exchanged JPY online at an excellent rate, a fee will still apply upon withdrawal. However, this fee is variable and generally still cheaper than exchanging cash directly at a branch.
Directly bringing TWD cash to a branch to exchange for JPY cash incurs no additional fees from Fubon Bank. However, as mentioned earlier, the cost is embedded in the less favorable “cash selling rate.” You can think of this spread as the hidden cost the bank charges for providing immediate cash service.
Withdrawing JPY abroad using a Fubon debit card involves a relatively complex fee structure, mainly consisting of two parts:
For example, if you withdraw ¥30,000 in Japan (approximately NT$6,500), the fee would be roughly: NT$75 + (NT$6,500 × 1.5%) = NT$75 + NT$97.5 = NT$172.5. This does not include any additional fees that Japanese banks may charge, making the cost relatively high.
✨ Fubon J Card Holder Benefits: If you hold a Fubon J POINTS card (set as your own Fubon TWD account for card payment), and withdraw from ATMs in Japan displaying the JCB logo, you may enjoy monthly withdrawal benefits. However, specific promotion details are recommended to be reviewed on Fubon’s official website before traveling.
Whether you want to take cash after an online currency exchange or need emergency cash locally in Japan, you must first understand the withdrawal process.
This applies if you have already exchanged JPY online via the App.
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Before using your Fubon debit card abroad, there are several key steps you must not forget!
In summary, when planning a perfect trip to Japan, a currency exchange strategy is crucial. For exchanging JPY with Fubon, our recommended strategy is:
🏆 🏆 Best Rate First Choice: Use the Fubon Mobile Banking App to exchange currency online, buying in batches when rates are favorable, and make a one-time cash withdrawal reservation before traveling. Although there is a minimum NT$100 withdrawal fee, an excellent spot rate can save you much more.
🏃♂️Convenient and Quick Backup: If you are unfamiliar with online operations or need cash urgently, over-the-counter exchange, though slightly less favorable in rate, provides direct convenience.
🆘 Emergency Lifeline: Treat overseas ATM withdrawals as a backup cash source during your trip. Remember to enable the international withdrawal function and note your magnetic stripe PIN before traveling.
Before performing any currency exchange, it is strongly recommended to check the Official Fubon Bank Taipei website for the latest fee standards and exchange rates. We hope this detailed guide helps you become a Fubon JPY exchange expert, exchange wisely, make every dollar count, and enjoy a more pleasant trip to Japan!
A: No. As of now, Fubon Bank in Taipei has not set up ATMs that allow direct withdrawal of foreign currency cash. You must either make an online currency exchange and reserve a branch withdrawal or handle it directly at a branch counter.
A: It depends. The J Card’s benefits mainly lie in “Japan spending rebates” and possible “overseas withdrawal fee discounts.” For the act of “currency exchange” itself, the J Card does not offer any rate advantage. The favorable rates for online currency exchange apply to all Fubon customers, regardless of J Card ownership. The value of the J Card is in subsequent spending and withdrawal stages.
A: Yes. For transaction security, withdrawing cash from a foreign currency account is considered an important transaction. The bank requires that it must be handled in person by the account holder, bringing ID and the original registered seal (if any); it cannot be delegated to someone else.
A: Yes. You can bring unused JPY cash back to a Fubon branch and deposit it into your foreign currency account or directly exchange it for TWD. This process is called “foreign currency deposit” or “selling foreign currency.”
– Deposit into a foreign currency account and then convert to TWD: The bank will use the “spot buying rate” and may charge a spread fee.
– Directly sell JPY cash for TWD: The bank will buy back JPY using the “cash buying rate,” which is usually the least favorable among all rates. Therefore, it is recommended to estimate the required amount for your trip carefully to avoid unnecessary exchange losses when converting back.
