114Bank Deposit

114bank Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

Part 1: 114bank Minimum Deposit Requirements

114bank Minimum Deposit Explained

The minimum deposit required to open an account with 114bank is ¥10,000. This applies to most personal accounts, including savings and checking accounts.

Account-Type Comparison

• Regular Savings Account: Minimum deposit of ¥10,000.
• Checking Account: Minimum deposit of ¥10,000.
• Business Accounts: Minimum deposit varies, typically starting at ¥50,000.

Regional Differences

There are no significant regional differences in minimum deposit requirements across Japan for 114bank accounts.

Advantages

• Low Entry Barrier: The minimum deposit of ¥10,000 is accessible for most customers.
• Multiple Account Types: Offers a variety of accounts to suit different needs.
• Interest Earnings: Savings accounts typically earn interest, providing a return on the minimum deposit.
• Convenient Access: Funds can be accessed easily through ATMs and online banking.

Disadvantages

• Limited Interest Rates: Interest rates on savings accounts may be lower compared to other financial institutions.
• Fees for Inactivity: Accounts may incur fees if there are no transactions for a specified period.
• Withdrawal Limits: Some accounts may have restrictions on the number of withdrawals per month.
• No Cryptocurrency Support: Currently, 114bank does not support cryptocurrency deposits.

Competitor Comparison

Compared to other banks in Japan, such as MUFG and Mizuho, which may have similar minimum deposit requirements, 114bank stands out by offering a straightforward entry point without additional fees for account maintenance.

Part 2: 114bank Deposit Methods

114bank Deposit Methods Comprehensive Guide

114bank offers several deposit methods to cater to different customer preferences.

1. Bank Transfer

• Processing Time: Instant to 1 business day.
• Fees: Typically free for domestic transfers.
• Availability/Regions: Available nationwide in Japan.
• Limits: Minimum ¥10,000; maximum varies by account type.
• Pros: Quick and easy; widely used.
• Cons: May require additional steps for first-time users.

2. Credit/Debit Cards

• Processing Time: Instant.
• Fees: 2% fee for credit card deposits.
• Availability/Regions: Available for domestic and international cards.
• Limits: Minimum ¥10,000; maximum ¥500,000 per transaction.
• Pros: Convenient and fast.
• Cons: Fees can add up; not all cards may be accepted.

3. E-Wallets

• Processing Time: Instant.
• Fees: Varies by e-wallet provider.
• Availability/Regions: Available for popular e-wallets like PayPay and Line Pay.
• Limits: Minimum ¥10,000; maximum varies.
• Pros: Popular among younger customers; easy to use.
• Cons: Limited to specific e-wallets; fees may apply.

4. Local Payment Options

• Processing Time: Instant.
• Fees: Generally free.
• Availability/Regions: Available in specific regions with local payment systems.
• Limits: Minimum ¥10,000; maximum varies.
• Pros: Supports local payment preferences.
• Cons: Not available nationwide.

Supported Currencies

Primarily supports Japanese Yen (JPY) for all deposit methods.

Recommended Methods

For quick and hassle-free deposits, bank transfers and credit/debit cards are recommended due to their instant processing times.

Part 3: 114bank Deposit Process

114bank Deposit Steps Explained

To make a deposit into your 114bank account, follow these steps:

1. Log In: Access your account via the 114bank mobile app or website.
2. Select Deposit Method: Choose your preferred deposit method from the available options.
3. Enter Amount: Specify the deposit amount (minimum ¥10,000).
4. Complete Transaction: Follow the prompts to complete the transaction, including any necessary verification.
5. Confirmation: Wait for confirmation of your deposit, which should be instant or within 1 business day.

Mobile vs Web Platform Differences

The mobile app may offer a more streamlined process with fewer steps compared to the web platform, which may require additional verification.

KYC/Verification Notes

New users must complete KYC (Know Your Customer) verification, which includes providing identification and proof of address.

Common Issues and Solutions

• Issue: Deposit not reflecting in the account.
• Solution: Wait for up to 1 business day; contact customer support if unresolved.
• Issue: Transaction failed.
• Solution: Check card details or bank transfer information; retry the transaction.

Typical Fund Crediting Times

Deposits via bank transfer are credited within 1 business day, while credit/debit card and e-wallet deposits are credited instantly.

Part 4: 114bank Withdrawal Methods

114bank Withdrawal Methods Overview

114bank provides several channels for customers to withdraw funds.

1. Bank Transfer

• Processing Times: 1-3 business days.
• Fees: Generally free for domestic transfers.
• Supported Currencies: JPY.
• Limits: Minimum ¥10,000; maximum varies by account type.
• Regional Availability Rules: Available nationwide.
• Pros: Reliable and secure.
• Cons: Slower than other methods.

2. ATM Withdrawals

• Processing Times: Instant.
• Fees: ¥110 per transaction at non-114bank ATMs.
• Supported Currencies: JPY.
• Limits: Minimum ¥1,000; maximum ¥100,000 per transaction.
• Regional Availability Rules: Available at 114bank ATMs and partner ATMs.
• Pros: Convenient access to cash.
• Cons: Fees apply at non-partner ATMs.

3. E-Wallet Transfers

• Processing Times: Instant.
• Fees: Varies by e-wallet provider.
• Supported Currencies: JPY.
• Limits: Minimum ¥10,000; maximum varies.
• Regional Availability Rules: Available for specific e-wallets.
• Pros: Fast and convenient.
• Cons: Limited to specific e-wallets.

Recommended Withdrawal Options

For speed, ATM withdrawals and e-wallet transfers are recommended, while bank transfers are more suitable for larger amounts.

Part 5: 114bank Withdrawal Process

114bank Withdrawal Steps Explained

To withdraw funds from your 114bank account, follow these steps:

1. Log In: Access your account via the 114bank mobile app or website.
2. Select Withdrawal Method: Choose your preferred withdrawal method.
3. Enter Amount: Specify the withdrawal amount (minimum ¥10,000).
4. Complete Transaction: Follow the prompts to complete the withdrawal.
5. Confirmation: Wait for confirmation of your withdrawal.

ID Verification Requirements

For larger withdrawals, additional ID verification may be required to ensure security.

Expected Fund Arrival Time

• Bank Transfers: 1-3 business days.
• ATM Withdrawals: Instant.
• E-Wallet Transfers: Instant.

Typical Delay Reasons and How to Resolve Them

• Delay: Bank transfer not received.
• Resolution: Contact customer support for assistance.
• Delay: ATM withdrawal failed.
• Resolution: Check account balance and retry.

FAQs – 114bank Deposits & Withdrawals

1. What is the minimum deposit for 114bank？

• The minimum deposit for 114bank is ¥10,000.

1. How long do withdrawals take？

• Withdrawals via bank transfer take 1-3 business days, while ATM and e-wallet withdrawals are instant.

1. Are there fees for deposits or withdrawals？

• Deposits via bank transfer are typically free, while credit card deposits incur a 2% fee. ATM withdrawals at non-114bank ATMs incur a ¥110 fee.

1. Can I use the same method for both deposits and withdrawals？

• Yes, you can use bank transfers and e-wallets for both deposits and withdrawals, while ATM withdrawals are specific to cash.

1. Does 114bank support cryptocurrency or local payment methods？

• 114bank does not currently support cryptocurrency deposits. Local payment methods are available but may vary by region.