SBI Forex Broker

NEOBANK Review SummaryFounded1986Registered Country/RegionJapanRegulationNo regulationProducts & ServicesDigital banking, deposits, loans, investments, FX, robo-advisors, insurancePlatform/APPMultiple mobile apps (Sumishin NEOBANK, MoneyTap, Mametas, etc.)Customer SupportPhone: 0120-188-226NEOBANK Information NEOBANK Sumishin Net Bank, which opened in Japan in 1986, offers a lot of online financial services, such as bank accounts, personal loans, investment integration with NEOBANK Securities, and a number of app-based tools. However, Japan's Financial Services Agency (FSA) does not oversee the company's retail investment activity.Pros and ConsPros Cons Comprehensive financial servicesNo regulationLow-cost domestic services & internal transfersIs NEOBANK Legit? NEOBANK Sumishin Net Bank is based in Japan, however Japan's main financial authority for investment and brokerage activities, the Financial Services Agency (FSA) for retail forex, does not directly oversee it. WHOIS records show that the domain netbk.co.jp was registered on April 5, 2006, and is still active. Its current status is “Connected,” and it will be valid until April 30, 2026.Products and Services NEOBANK Sumishin Net Bank offers a comprehensive range of financial services, such as digital banking, loans, investments, and deposit alternatives. These services are available to both individuals and businesses.Products & ServicesSupportedYen Deposits & Structured Deposits✔Foreign Currency Deposits & Remittances✔NEOBANK Hybrid Deposit✔NEOBANK Securities Integration✔Robo-Advisors✔Insurance✔Mortgage Loans✔Card Loans✔Auto/Education/Real Estate Loans✔Public Racing✔Sports Betting✔NEOBANK Fees When it comes to deposit interest rates and domestic transfers, NEOBANK Sumishin Net Bank's fees are usually lower than or equal to the average in the industry. Many services, like keeping your account up to date, using some ATMs, and transferring money within the bank, are free. The interest rates on mortgages and credit cards depend on the amount and type of loan, although they are usually in the same range for Japanese banks. Interest RatesCategoryAnnual Interest Rate (as of June 2025)Yen Savings Account0.20%Yen Time Deposit (1 Month)0.23%Foreign Currency SavingsUSD: 0.20%, EUR/GBP: 0.10%, ZAR: 1.00%, CHF: 0.001%Foreign Currency Fixed TermUSD: Up to 4.20%, EUR: Up to 1.70%, ZAR: Up to 6.10%Mortgage (10-Year Fixed)3.50%Card Loan2.49% – 14.79% (tiered by loan amount) CommissionsFeesDetailsAmountATM FeesApp-based withdrawals (e.g., Seven Bank, Lawson)0Card-based withdrawals (beyond free quota)¥165–¥330 per useTransfersTo NEOBANK accounts0To other banks (individuals)From ¥77 (after free quota)To other banks (corporates)¥145Reversal fee¥880Mortgage FeesLoan handling (upfront)2.2% of loan amountFull prepayment (during fixed rate)¥33,000Loan condition changes¥5,500Card-Related FeesDebit card issuance (initial)0Debit card reissue (e.g., loss, PIN reset)¥1,100Authentication card reissue (loss)¥550StatementsMailed monthly statements¥880/monthOnline PDF/CSV statements0OthersAccount maintenance0Platform/APPTrading PlatformSupported Available Devices Suitable forSumishin NEOBANK Net Bank (General)✔iOS, AndroidPersonal banking, balance checks, biometric login, PC approvalCorporate Account App✔iOS, AndroidSecure corporate banking transactionsForeign Currency Deposits App✔iOS, AndroidForeign currency savings, real-time rates, alertsMoney Forward for Sumishin NEOBANK✔iOS, AndroidAsset management, expense trackingMametas by WealthNavi✔iOS, AndroidMicro-investing with spare changeSmart Life Designer✔iOS, AndroidLife planning, simulation tools, finance educationFinbee (Automatic Savings)✔iOS, AndroidScheduled automatic savingsMoneyTap (Instant Transfers)✔iOS, Android24/7 instant transfers with biometric authentication