Kyash review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Kyash is a prepaid wallet for travellers and business users who want somewhere to spend yen rather than a full bank current account. The monthly fee is ¥0, so holding it costs nothing, and money moves out through bank, cash pickup and wallet.
Key facts
- Best for
- Travellers and business users who want a no monthly fee spend wallet with cash payout options.
- Monthly fee
- ¥0↗
- Currency conversion fee
- 4.5%↗
- Free ATM withdrawals
- ¥0↗
- Transfer fee
- JPY 220 per cash withdrawal to a registered bank account or Seven/Lawson Bank ATM; transfers between Kyash accounts free↗
- Legal entity
- Kyash Inc. (株式会社Kyash)↗
- Headquarters
- Japan↗
- Founded
- 2015↗
- Support channels
- Email, Help-centre↗
- Audience
- Travelers, Business
- Pricing model
- No monthly fee
- Features
- Joint account, No credit check
- Official website
- kyash.co
Pros and cons
Pros
- The account fee is ¥0, matching $0, €0 and €0.
- Transfers between Kyash accounts are ¥0, so moving money between users carries no cost.
- Money can come out through bank, cash pickup and wallet, which includes cash pickup alongside a bank transfer.
- Both a joint account and no credit check sit in the joint account and no credit check list.
Cons
- Currency conversion costs 4.5% plus a 4.5% rate margin, above the site median of 0.5%.
- That cost puts Kyash at position 303 of 312 brands on currency conversion fee.
- Support runs on email and help centre only, with no phone line for anything urgent.
Who it suits
- Travellers spending abroad who accept a conversion charge for quick access to yen
- Business users paying staff or suppliers from a joint account
- Anyone who needs cash payout from a wallet with no monthly charge
Who should look elsewhere
- Plazo ES, also at a €0 monthly fee, for readers who want a euro based account.
- PayPal Colombia, at a $0 monthly fee, if a wallet for another market fits better.
- Skrill, at a €0 monthly fee, for readers who want a second no fee option to compare.
Safety of your money
Kyash Inc. operates as a prepaid payment instrument issuer of the third party type, 第00698号, and as a funds transfer service provider, 第00082号. Both registrations sit with the Kanto Local Finance Bureau in Japan, so the wallet runs on prepaid payment and money transfer permissions rather than a banking licence. The balance held is prepaid money, not a bank deposit.
Where it sits among rivals
On monthly fee Kyash sits at position 1 of 500 brands, which is as high as the ranking goes. Currency conversion tells the opposite story, at position 303 of 312. Holding the account is among the cheapest options here, while converting money is among the most expensive.
How Kyash compares
8.5 vs 8.7
8.5 vs 8.6
8.5 vs 8.0
8.5 vs 8.9
8.5 vs 9.1
8.5 vs 9.2
8.5 vs 8.7
8.5 vs 8.7
8.5 vs 8.7
8.5 vs 9.0Monthly fee of €0, the same as Kyash, so it belongs on a shortlist for anyone focused on standing costs.
8.5 vs 8.7
8.5 vs 9.5
8.5 vs 9.4
8.5 vs 9.3
8.5 vs 9.2
8.5 vs 9.2
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8.5 vs 9.0
8.5 vs 9.0
8.5 vs 8.9
8.5 vs 8.9- 8.5 vs 8.9
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8.5 vs 8.1- 8.5 vs 8.1
8.5 vs 8.0
8.5 vs 8.0
8.5 vs 8.0
8.5 vs 9.1
Where Kyash is available
- Available
- Japan
- Licence in Japan
- Kanto Local Finance Bureau (関東財務局長) - prepaid payment instrument issuer, third-party type (第00698号), checked September 26, 2026
- Licence in Japan
- Kanto Local Finance Bureau (関東財務局長) - funds transfer service provider (第00082号), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Kyash account cost each month?+
The monthly fee is ¥0, and the account runs under a no monthly fee model. Transfers between Kyash accounts are also ¥0, so moving money between users adds no cost on top.
What does it cost to convert currency on Kyash?+
A currency conversion fee of 4.5% applies, added to an exchange rate margin of 4.5%. That is the charge to watch for anyone spending outside Japan, since it sits on top of the rate rather than replacing it.
Who regulates Kyash, and what holds the balance?+
Kyash Inc. is registered with the Kanto Local Finance Bureau in Japan as a prepaid payment instrument issuer, third party type, 第00698号, and as a funds transfer service provider, 第00082号. The money sits in a prepaid instrument rather than a bank account.
How do I get money out of a Kyash wallet?+
Payouts run through bank, cash pickup and wallet, which covers a bank transfer, cash pickup and another wallet. A cash withdrawal to a registered bank account or a Seven or Lawson Bank ATM carries a charge per withdrawal, while transfers between Kyash accounts are ¥0.
How fast does money leave Kyash?+
Transfers between Kyash accounts are real time. Payouts run through bank, cash pickup and wallet, with a bank payout made the same day for weekday requests received inside the published window and the next business day outside it.
What kind of account is Kyash?+
It is a prepaid spend account rather than a savings or current account, and the joint account and no credit check list includes a joint account and no credit check. Funds are held in yen, the home currency of the JP market it is built for.
Who is Kyash aimed at?+
The stated audience covers travelers and business, so both travellers spending abroad and business users paying out are the core cases. A joint account, listed in the joint account and no credit check set, also suits shared business spending.
Sources
- help.kyash.co/--67bd5814c463965b390712ff checked September 26, 2026
Backs: Exchange rate markup
“海外サービス手数料は、決済額の4.5%となります (For Kyash Card payments in foreign currency, the overseas service fee is 4.5% of the payment amount)”
- help.kyash.co/%E5%90%84%E7%A8%AE%E6%89%8B%E6%95%B0%E6%96%... checked September 26, 2026
Backs: Free ATM withdrawals, Currency conversion fee, Pricing model, Monthly fee, Support channels
“お問い合わせ https://support.kyash.co/hc/ja/requests/new”
- kyash.co checked September 26, 2026
Backs: Audience, Features, Licences
- kyash.co checked September 26, 2026
Backs: Fee to send 1,000
“Kyashアカウント同士なら、いつでも送金手数料無料でリアルタイムに送金したり受け取ったりできます (Between Kyash accounts you can send and receive in real time at any time, free of transfer fees)”
- kyash.co/company checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
- kyash.co/services/withdrawal checked September 26, 2026
Backs: Delivery time, Payout methods, Transfer fee
“In principle, the transfer is reflected in the payout account the same day (requests received weekdays 9:00-15:30; outside those hours and on weekends/public holidays it may be the next business...”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.
Related by the facts
Guides
Kyash
Travellers and business users who want a no monthly fee spend wallet with cash payout options.