September 2, 2019

Notification

Consumption Tax Rate Increase and Revisions to Various Charges (Individual Customers)

The consumption tax rate will be increased from 8% to 10% starting on October 1, 2019. In addition, the various charges related to Seven Bank accounts will be revised starting on October 1, 2019.

  • For applications and planned transactions prior to September 30, 2019, the new revised charges apply when the actual transactions occur on or after October 1, 2019.

(1) List of Charges (Including consumption tax, etc.)

Seven Bank ATM Service Fees

Before revision After revision
Withdrawal (including withdrawal for domestic money transfers) 00:00 to 07:00 108 Yen 110 Yen
07:00 to 19:00 Free of charge Free of charge
19:00 to 24:00 108 Yen 110 Yen
Deposit Free of charge Free of charge
Balance inquiry Free of charge Free of charge
  • A separate transfer fee is required for domestic money transfers.
  • A separate transfer fee is required for transfers using the International Money Transfer Service.

Transfer Fees (Domestic money transfers using Seven Bank ATMs or the Direct Banking Service)

Before revision After revision
To Seven Bank 54 Yen 55 Yen
To other banks 216 Yen 220 Yen
Transfer reversal fee 648 Yen 660 Yen
  • A separate ATM service (withdrawal) fee may apply depending on the timing of the domestic money transfer using an ATM.
  • Even for domestic money transfers that are planned prior to September 30, 2019, the new revised charges apply when the actual transfer occurs on or after October 1, 2019. For further details, check section (2) Changes in Timing and Important Notes for Transfer Fees.

Other Charges

Before revision After revision
Cash card issuance fee Cash card reissuing 1,080 Yen 1,100 Yen
Family card issuing/reissuing 1,080 Yen 1,100 Yen
Cash card design change 1,080 Yen 1,100 Yen
Statement fee By mail* 216 Yen every month 220 Yen every month
Re-issue or extra issue 540 Yen for 1 month 550 Yen for 1 month
Balance Certificate issue fee Periodic issue 324 Yen per copy 330 Yen per copy
Irregular issue 540 Yen per copy 550 Yen per copy
Special issue 2,160 Yen per copy 2,200 Yen per copy
ATM transaction statement reissuance fee 324 Yen per page 330 Yen per page
Transfer statement issuance fee 324 Yen per issuance 330 Yen per issuance
International money transfer statement issuance fee 1,080 Yen for 1 year 1,100 Yen for 1 year
Certificate issuance fee 1,080 Yen per copy 1,100 Yen per copy
  • If you apply for the "Paper Statement Mailing Service," the Paper Statement Mailing Service Fee will be automatically debited from your account on the 2nd of each month. If the fee cannot be debited from your account, that month's statement (which is scheduled for delivery) will not be mailed.

(2)Changes in Timing and Important Notes for Transfer Fees

The tax rate when the domestic transfer is executed is applied to the domestic transfer fee.

Planned date/Execution date of domestic money transfer Applicable tax rate
Planned date of transfer:
Until September 30, 2019
Execution date of transfer:
Until September 30, 2019
8%
Planned date of transfer:
Until September 30, 2019
Execution date of transfer:
On or after October 1, 2019
10%
Planned date of transfer:
On or after October 1, 2019
Execution date of transfer:
On or after October 1, 2019
10%