According to one embodiment, there is provided a memory system including a power supply terminal, a plurality of couplers, and a control unit. The power supply terminal is a terminal to be connected to a power supply line of a host. The plurality of couplers are couplers to be electromagnetically coupled respectively to couplers of the host. The control unit can establish a reception channel and a transmission channel that are independent of each other between the memory system and the host via the plurality of couplers according to level of a power supply voltage supplied from the host via the power supply line and the power supply terminal.