Tokyo, July 1, 2021 - Rakuten Bank, Ltd. today announced that its total balance of deposits (non-consolidated) has exceeded six trillion yen as of the end of June 2021.
- Rakuten Bank, Ltd.
Rakuten Bank’s Total Deposit Balance Surpasses Six Trillion Yen
Rakuten Bank became the first online bank in Japan*1 to reach 10 million accounts in January 2021, and the number of Rakuten Bank accounts*2 continues to grow steadily. In recent years, the company has strengthened collaborations across the Rakuten’s Group’s diverse portfolio of services, with initiatives such as the Super Point Up Program*3, which scales up the percentage of points earned on Rakuten Ichiba, and provision of the Money Bridge service, which connects Rakuten Bank and Rakuten Securities accounts. The number of Money Bridge-linked accounts surpassed two million in January 2021, and the number of customers using multiple Rakuten financial services has increased even more. With the pandemic keeping people indoors and necessitating new lifestyle choices, even more customers are turning to Rakuten Bank for its convenience as an entirely-online banking service — one that never requires a visit to a physical location.
Since December 2020, when Rakuten Bank’s total balance of deposits (non-consolidated) exceeded five trillion yen, the number of partners offering Rakuten Bank as an option for automatic money transfers has increased, and the company has launched an instant payment service from Rakuten Bank accounts on the Rakuten Pay app. By working to continuously improve existing services while also introducing new ones, Rakuten Bank was able to increase its deposit balance to six trillion yen in approximately six months.
*1 As of January 19, 2021. Research by Rakuten Bank.
*2 Not including the number of closed-down accounts.
*3 If a customer uses their Rakuten Card to pay when buying products on Rakuten Ichiba and the account used to pay is a Rakuten Bank account, they will earn an additional +1% point-back incentive.