Rakuten Bank Surpasses Eight Trillion Yen in Total Deposit Balance

Tokyo, July 1, 2022 – Rakuten Bank, Ltd. today announced that its total balance of deposits (non-consolidated) has surpassed eight trillion yen as of the end of June 2022.

Rakuten Bank has seen increased use as it offers the convenience of an entirely-online banking service, never requiring a visit to a physical location. Rakuten Bank became the first online bank in Japan^*1 to surpass 12 million accounts^*2 in January 2022, and the number of Rakuten Bank accounts opening continues to grow steadily. In recent years, the company has strengthened collaborations throughout the Rakuten Ecosystem, with initiatives such as the Super Point Up Program^*3, which scales up the percentage of points earned when shopping on Rakuten Ichiba, and provision of the Money Bridge service, which connects Rakuten Bank and Rakuten Securities accounts. Through cross-use with other Rakuten services, Rakuten Bank is endeavoring to offer added convenience and utility to its users.

Additionally, Rakuten Bank’s total balance of deposits (non-consolidated) surpassed seven trillion yen in December 2021, and the number of public utilities offering Rakuten Bank as an option for automatic money transfers is increasing. Other notable recent initiatives include an entertainment service^*4 collaboration in March 2022 with THE NISHI-NIPPON CITY BANK, LTD. offering a Rakuten Bank account linkage service for immediate usage fee payments. By continuously offering such service improvement efforts to its customers, Rakuten Bank was able to surpass this eight trillion yen milestone roughly six months after surpassing its previous milestone of seven trillion yen.

Going forward, Rakuten Bank will continue working to offer innovative and convenient products and services to customers.

*1 As of January 6, 2022. Research by Rakuten Bank.
*2 Excludes closed accounts.
*3 If a customer uses their Rakuten Card to pay when purchasing products on Rakuten Ichiba and the account used to pay is a Rakuten Bank account, and in addition, salary, bonus and/or pension payments are received by that Rakuten Bank account in the month prior to the purchase being made, they will earn an additional +1% point-back incentive. For details, please visit https://www.rakuten-bank.co.jp/info/2022/220427.html (site in Japanese). Change effective as of July 2022.
*4 Rakuten Bank toto and lottery, government-authorized and controlled gambling service.