Seven Bank
Encyclopedia
is a Japan
ese bank
. It is a subsidiary of the Ito-Yokado
, along with Seven & I Holdings Co., Ltd. (parent company of 7-Eleven
Japan and of Ito Yokado). Until October 11, 2005, it was , taking its initials from Ito Yokado. Conducting its business primarily through the Internet
, IY Bank has automatic teller machines in 7-Eleven convenience stores and Ito Yokado general-merchandise stores in Japan, and on April 27, 2005, it opened its first branch with live staff. Customers with accounts at certain banks can process transactions at IY terminals at no cost; IY collects a handling fee from customers at other banks.
Seven Bank began accepting foreign-issued ATM and credit cards in June 2007. Cards with VISA, PLUS, American Express, Discover, JCB, Diners Club or China UnionPay logos on them are all accepted to withdraw yen from the machines.
In December 2009, Seven Bank discontinued ATM services for Mastercard, Maestro and Cirrus cards. Seven Bank said that from their perspective, a revision of the terms and conditions on the part of Mastercard did not "sustain the economic viability of (Mastercard) services". As of August 23, 2010, ATM services for Mastercard, Maestro and Cirrus cardholders has been restored.
On March 22, 2011, Seven Bank and Western Union started the Seven Bank International Money Transfer Service as part of their mobile and internet banking services. On July 19, 2011, the Service was expanded to Seven Bank ATMs, which has about 16,000 locations nationwide with English and Japanese telephone customer suport. On November 7, 2011, localized telephone support for Chinese, Spanish, Portugese and Tagalog was started to assist customers usiong the service.
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
. It is a subsidiary of the Ito-Yokado
Ito-Yokado
is a Japanese General Merchandise Store, part of Seven & I Holdings Co. There are 174 Ito-Yokado stores operating in Japan. The group has expanded to China, where they formed a joint venture with Wangfujing Department Store and China Huafu Trade & Development Group Corp. to open one of five stores...
, along with Seven & I Holdings Co., Ltd. (parent company of 7-Eleven
7-Eleven
7-Eleven is part of an international chain of convenience stores, operating under Seven-Eleven Japan Co. Ltd, which in turn is owned by Seven & I Holdings Co...
Japan and of Ito Yokado). Until October 11, 2005, it was , taking its initials from Ito Yokado. Conducting its business primarily through the Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
, IY Bank has automatic teller machines in 7-Eleven convenience stores and Ito Yokado general-merchandise stores in Japan, and on April 27, 2005, it opened its first branch with live staff. Customers with accounts at certain banks can process transactions at IY terminals at no cost; IY collects a handling fee from customers at other banks.
Seven Bank began accepting foreign-issued ATM and credit cards in June 2007. Cards with VISA, PLUS, American Express, Discover, JCB, Diners Club or China UnionPay logos on them are all accepted to withdraw yen from the machines.
In December 2009, Seven Bank discontinued ATM services for Mastercard, Maestro and Cirrus cards. Seven Bank said that from their perspective, a revision of the terms and conditions on the part of Mastercard did not "sustain the economic viability of (Mastercard) services". As of August 23, 2010, ATM services for Mastercard, Maestro and Cirrus cardholders has been restored.
On March 22, 2011, Seven Bank and Western Union started the Seven Bank International Money Transfer Service as part of their mobile and internet banking services. On July 19, 2011, the Service was expanded to Seven Bank ATMs, which has about 16,000 locations nationwide with English and Japanese telephone customer suport. On November 7, 2011, localized telephone support for Chinese, Spanish, Portugese and Tagalog was started to assist customers usiong the service.