Japan
activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
Rakuten Bank
Japanese internet bank. FSA licensed. DIC on eligible yen deposits.
Legal entity: Rakuten Bank, Ltd. (楽天銀行株式会社)
Rate this app
7.5Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Licensed bank — Rakuten Bank, Ltd. (FSA). Still read the entity on the statement.
If it fails?
Deposit Insurance Corporation of Japan. Eligible yen ordinary deposits: principal ¥10 million plus interest per depositor per bank. Payment-and-settlement non-interest demand deposits are fully protected. Foreign-currency products are usually outside that box — confirm live on rakuten-bank.co.jp/info/deposit-insurance.html.
Salary?
Yes, for residents who can pass Japanese KYC. An App Store listing is not an IBAN.
Open from abroad?
Residency and My Number are gated. An App Store listing is not proof a non-resident can onboard.
Monthly fee
Confirm live tariff in-app. Core yen accounts are not sold as a Western free plan.
Account number
Japan (domestic bank code 0036 + account. Not an EU IBAN product.)
NeoBankDBVerdict
Licence first · score second
7.5
/10 · Solid
Rakuten Bank is Japan’s scale internet bank. 18.07 million accounts and ¥12.9 trillion in deposits at 31 March 2026, per its own IR. Directories skip it because the app is in Japanese. NeoBankDB files the FSA bank, not the Rakuten points catalogue. Put salary and yen deposits here if you can onboard. Do not confuse it with Rakuten Pay, Rakuten Card, or Rakuten Securities. Money Bridge is a securities link, not a second charter.
What it is
Rakuten Bank, Ltd. (楽天銀行株式会社) is a Japanese bank established 14 January 2000. Bank code 0036. SWIFT RAKTJPJT. Headquarters: NBF Shinagawa Tower, 2-16-5 Konan, Minato-ku, Tokyo 108-0075. Banking via electronic medium. FSA. Listed TSE 5838. Rakuten Group is a 49.26% shareholder — distribution, not the deposit scheme. A 2026 group reorg puts Card and Securities HD under the bank via share delivery; that does not turn points into a deposit. Rakuten Wallet (crypto) is out of that box. Confirm the footer after the October 2026 share-delivery date. AEON Bank Ltd in Japan is not /app/aeon-bank — that slug is AEON Bank Malaysia.
Best for: Japan residents who already live in the Rakuten ecosystem and want a licensed yen account.
Last checked 2026-09-17. Not advice.
What it does well
- +Named FSA bank, not a partner-bank wrapper
- +DIC box is printed on the bank’s own deposit-insurance page
- +Scale that Western neobank roundups ignore
- +Money Bridge to Rakuten Securities is a real product, and it is a securities product
What to watch
- −Japan residency / My Number KYC
- −Foreign-currency deposits are not the same DIC object as yen ordinary deposits
- −Group brands (Pay, Card, Securities) will be sold as the bank
- −English coverage is thin because the product is domestic
Legal entity, not the app icon
Who is behind it
- Legal name
- Rakuten Bank, Ltd. (楽天銀行株式会社)
- Parent
- Rakuten Group, Inc. (49.26% shareholder — distribution, not the scheme)
- Offices
- NBF Shinagawa Tower, 2-16-5 Konan, Minato-ku, Tokyo 108-0075
- If something goes wrong
- FSA / Japanese ADR path on a licensed bank product — confirm live footer.
The product, not the brand colour
The account
- Platforms
- iOS · Android · web
- Account types
- Yen ordinary · time deposits · foreign-currency SKUs
- Partner bank
- none — this is the bank
- Who can open
- Japan residents who clear KYC
- Availability
- Japan
- IBAN country
- Japan (domestic bank code 0036 + account. Not an EU IBAN product.)
- SWIFT / BIC
- RAKTJPJT
- Remote open
- Residency and My Number are gated. An App Store listing is not proof a non-resident can onboard.
- Onboarding
- Japanese KYC. Not a tourist IBAN mill.
- KYC documents
- My Number and residency documents as the bank asks.
- Minimum age
- Confirm live. Adult KYC.
- Salary / payroll
- Yes, for residents who can pass Japanese KYC. An App Store listing is not an IBAN.
- Local rails
- Japanese domestic rails · group ecosystem
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- Rakuten Bank lists a physical card and a virtual card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Deposit Insurance Corporation of Japan. Eligible yen ordinary deposits: principal ¥10 million plus interest per depositor per bank. Payment-and-settlement non-interest demand deposits are fully protected. Foreign-currency products are usually outside that box — confirm live on rakuten-bank.co.jp/info/deposit-insurance.html.
Who holds the money: Rakuten Bank, Ltd.
- FSALicensed bank — Rakuten Bank, Ltd. · Japan · 0036
Fees
- Monthly
- Confirm live tariff in-app. Core yen accounts are not sold as a Western free plan.
- FX markup
- Bank tariff, not Wise
- ATM
- Japan convenience-store and partner ATM network — confirm live fee table
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Japanese bank account
- Ecosystem transfers
- Time deposits
- Link to Rakuten Securities (broker, not bank)
Before you tap Sign up
How to open
Step 1
Name the licensed bank
Rakuten Bank, Ltd. Not Rakuten Pay, Rakuten Card, or Rakuten Securities.
Step 2
Pass Japanese KYC
Residency and My Number. An App Store listing is not onboarding.
Step 3
Read the DIC box
Eligible yen ordinary deposits: ¥10 million principal plus interest per depositor per bank. Foreign-currency SKUs: read the product page.
Official help: www.rakuten-bank.co.jp/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.8
- Fees20%
- 7.0
- Features15%
- 8.0
- App15%
- 8.2
- Global15%
- 4.2
- Support10%
- 7.4
Change log
Full logLicence
Opened file. FSA bank. DIC yen box.
Split from Rakuten Pay / Card / Securities. IR accounts 18.07 million and deposits ¥12.9tn at 31 Mar 2026.
Available in
Straight answers
FAQ
01Is Rakuten Bank a bank?
Yes. Rakuten Bank, Ltd. is an FSA licensed bank. The app icon is not the licence.
02How is money protected?
DIC on eligible yen deposits. ¥10 million principal plus interest per depositor per bank on ordinary deposits. Settlement-type non-interest demand deposits can be fully protected. Foreign-currency SKUs: read the product page.
03Can I open from India or the EU?
Residency and My Number KYC are gated. An App Store listing is not onboarding.
04Is Money Bridge a bank product?
No. It links a bank account to Rakuten Securities. Securities assets follow broker rules, not the bank DIC box.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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