Shikoku Bank broker Accounts

shikoku bank Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: shikoku bank Account Types Overview

shikoku bank Account Types Explained

Shikoku Bank offers several account types tailored to different user needs. Below are the primary account types available:

1. Ordinary Savings Account (Futsuu Yokin)

• Minimum Deposit Requirement: ¥1,000
• Spread/Commission Structure: Minimal fees for transactions
• Leverage Options: Not applicable
• Key Features: Easy access to funds, suitable for daily transactions, earns interest.
• Target User Profile: Individuals and businesses looking for basic banking services.
• Trading Instruments Available: Not applicable.

1. Current Account (Tōza Yokin)

• Minimum Deposit Requirement: ¥10,000
• Spread/Commission Structure: Monthly maintenance fees may apply.
• Leverage Options: Not applicable
• Key Features: Designed for businesses, allows for check payments and direct debits.
• Target User Profile: Businesses and freelancers requiring frequent transactions.
• Trading Instruments Available: Not applicable.

1. Time Deposit Account

• Minimum Deposit Requirement: ¥100,000
• Spread/Commission Structure: Fixed interest rates over a specified term.
• Leverage Options: Not applicable
• Key Features: Higher interest rates for funds locked in for a set period.
• Target User Profile: Individuals looking to save with higher returns.
• Trading Instruments Available: Not applicable.

1. Foreign Currency Account

• Minimum Deposit Requirement: ¥50,000 or equivalent in foreign currency.
• Spread/Commission Structure: Variable based on currency exchange rates.
• Leverage Options: Not applicable
• Key Features: Hold multiple currencies, ideal for international transactions.
• Target User Profile: Individuals and businesses engaged in foreign trade.
• Trading Instruments Available: Not applicable.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Ordinary Savings Account
• Intermediate Users: Current Account
• Advanced Users: Time Deposit Account
• International Traders: Foreign Currency Account

Part 2: shikoku bank Account Features Comparison

Detailed shikoku bank Account Features

Advantages of Each Account Type

• Ordinary Savings Account:

• Easy access to funds.

• No maintenance fees.

• Interest accrual on deposits.

• Current Account:

• Suitable for frequent transactions.

• Check writing capability.

• Direct debit options available.

• Time Deposit Account:

• Higher interest rates.

• Secure investment for long-term savings.

• Fixed terms for better financial planning.

• Foreign Currency Account:

• Flexibility in currency management.

• Ideal for international transactions.

• Potential for currency appreciation.

Disadvantages of Each Account Type

• Ordinary Savings Account:

• Lower interest rates compared to time deposits.

• Limited transaction capabilities.

• Current Account:

• Monthly fees may apply.

• Not suitable for savings.

• Time Deposit Account:

• Funds are locked for a specified term.

• Penalties for early withdrawal.

• Foreign Currency Account:

• Exposure to currency risk.

• Higher fees for currency conversions.

Part 3: shikoku bank Account Opening Requirements

shikoku bank Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 20 years old.
• Geographic Restrictions: Open to residents of Japan.
• Prohibited Countries: Specific countries may be restricted based on international sanctions.
• Identity Verification Documents Needed:
• Residence Card (Zairyu Card)
• Passport
• Proof of address (utility bill, etc.)
• Proof of Residence Requirements: Must provide a valid address in Japan.
• Additional Documentation for Professional Accounts: Employment verification may be required.

KYC/AML Compliance Procedures

• Verification of identity and address is mandatory.
• Additional checks for high-risk individuals or entities.

Verification Time Frames

• Account verification typically takes 3-5 business days.

Part 4: shikoku bank Account Opening Process

Step-by-Step shikoku bank Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official Shikoku Bank website.
2. Personal Information Entry: Fill out the registration form with your personal details.
3. Choose Account Type: Select the account type you wish to open.
4. Set Trading Preferences: If applicable, specify your trading preferences.
5. Document Upload: Upload required identification documents.
6. Account Verification: Wait for the bank to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access your account and begin using the services.

Desktop vs Mobile Registration Differences

• Desktop registration may offer more comprehensive options.
• Mobile registration is streamlined for quick access.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are in the correct format and size.
• Issue: Delays in verification.
• Solution: Contact customer support for status updates.

Average Account Approval Time

• Typically, account approval takes 3-5 business days.

How to Upgrade/Downgrade Account Types

• Contact customer service to request changes to your account type.

Part 5: shikoku bank Demo Account Information

shikoku bank Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading without financial risk.

• Access to real market conditions.

• How to Open a Demo Account:

• Visit the Shikoku Bank website and select the demo account option.

• Demo Account Limitations:

• Limited duration (usually 30 days).

• Virtual funds only, no real trading.

• Virtual Balance Amount:

• Typically set at ¥1,000,000 for practice purposes.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money.

• Live accounts require minimum deposits and real trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days of inactivity.

Part 6: shikoku bank Islamic Account (if available)

shikoku bank Islamic Account Details

• Swap-Free/Islamic Account Availability: Currently, Shikoku Bank does not offer Islamic accounts.
• Eligibility Requirements: Not applicable as no Islamic account is available.
• Differences from Standard Accounts: N/A
• How to Apply for Islamic Account: N/A
• Restrictions or Special Conditions: N/A

FAQs – shikoku bank Account Types & Opening

1. What account types does shikoku bank offer？

• Shikoku Bank offers Ordinary Savings Accounts, Current Accounts, Time Deposit Accounts, and Foreign Currency Accounts.

1. What is the minimum deposit for each account type？

• Ordinary Savings: ¥1,000, Current: ¥10,000, Time Deposit: ¥100,000, Foreign Currency: ¥50,000.

1. How long does shikoku bank account verification take？

• Account verification typically takes 3-5 business days.

1. Does shikoku bank offer demo accounts？

• Yes, shikoku bank provides demo accounts for practice trading.

1. Can I have multiple account types with shikoku bank？

• Yes, customers can hold multiple account types.

1. Does shikoku bank offer Islamic/swap-free accounts？

• No, shikoku bank does not currently offer Islamic accounts.

1. What documents do I need to open a shikoku bank account？

• Required documents include a Residence Card, passport, proof of address, and possibly employment verification.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer service.