Launch of "T NEOBANK," a neobank for 70 million T members!
2021.03.31
Press Releases
T-Money Co., Ltd. / Sumishin SBI Net Bank, Ltd.
- A new financial and banking service that provides everything from a single smartphone in the new normal era is born -
T-Money Corporation (Head office: Shibuya-ku, Tokyo; President and CEO: Kazuhiko Kitamura; hereinafter referred to as "T-Money Corporation"), a group company of Culture Convenience Club Co., Ltd. (CCC), a planning company that proposes new lifestyles, is pleased to announce that it has launched "T NEOBANK" today for its 70 million T members, using the "NEOBANK®"*1 service provided by Sumishin SBI Net Bank, Ltd. (Head office: Minato-ku, Tokyo; President and CEO: Noriaki Maruyama).
As digital transformation (DX) rapidly expands as a new normal lifestyle during the COVID-19 pandemic, T-Money is working to create more accessible financial services. We are pleased to announce the launch of "T NEOBANK," which allows you to easily and conveniently use banking services on your smartphone. "T NEOBANK" is now available through the "NEOBANK®" service, and T Money will work with SBI Sumishin Net Bank to provide banking services such as payments and loans primarily via smartphones.
After downloading the "T NEOBANK" app, T members can open a dedicated Sumishin SBI Net Bank account and use banking services such as deposits, transfers, and borrowing through the app. In addition, you can use the app to use ATMs instead of a cash card, and you can earn T Points based on your banking transactions.You can use your T Points to purchase sports lottery tickets or make specified repayments on your card loan. In the future, we plan to gradually add banking functions and products that can utilize T Points.
SBI Sumishin Net Bank will continue to provide "NEOBANK®" to many partner companies and their customers by utilizing cutting-edge technology based on a customer-centric approach, with the aim of making society more comfortable and convenient.
T-Money will continue to strive to create new customer value through a variety of financial services, aiming to ensure that "T" services "connect people and society."
■Service name: T NEOBANK
■Website:https://tneobank.tsite.jp/
■Applications open: March 31, 2021
■Applicants: T-members aged 18 or over residing in Japan
■Bank: Sumishin SBI Net Bank, Ltd.
■Bank Agent: T-Money Co., Ltd. (License Number: Kanto Regional Finance Bureau (Bank Agent) No. 403)
■Business operations: Intermediation (solicitation) for the conclusion of contracts for the acceptance of yen ordinary deposits, yen fixed term deposits, foreign currency ordinary deposits, foreign currency fixed term deposits, and foreign currency savings deposits; intermediation (solicitation) for the conclusion of contracts for foreign exchange transactions; intermediation (solicitation) for the conclusion of contracts for the lending of funds (to individual consumers, for the use of loans for home purchases or refinancing of home purchase funds, and personal consumption funds) (solicitation)
■"T NEOBANK" app:
■Basic functions:
1. Deposit function (yen deposits, foreign currency deposits, etc.)
2. Payment functions (ATM deposits and withdrawals, transfers, money transfers, etc.)
3. Lending functions (card loans, housing loans, etc.)
■How to open an account:
1. Download and launch the T NEOBANK app
2. After agreeing to the terms and conditions, proceed with the T-Point redemption procedure.
・Log in with the "Yahoo! JAPAN ID" you are using for the T Point service
・If you do not have a Yahoo! JAPAN ID but have a T-Card, you can register using phone number authentication.
*If you do not have either a Yahoo! JAPAN ID or a T-Card, you will need to obtain a new Yahoo! JAPAN ID (free of charge).
3. Enter your customer information
4. From the account opening acceptance completion email, proceed to "Verify your identity with your smartphone"
5. Enter your identity verification information and take a photo of your identity document and face
6. Account opening is complete
*You will be notified of the account opening results by email within approximately three business days from the next day.
■About using ATMs:
・Withdrawals can be made at any Seven Bank or Lawson Bank ATM nationwide.
・ATM usage fees are free up to once a month.
・Cash cards will not be issued. The T NEOBANK app is required for ATM transactions.
■Each service and T-points awarded:
| service | conditions | Number of T points awarded |
|
Foreign currency savings deposit
Foreign currency fixed term deposits |
Total balance of foreign currency ordinary deposits and foreign currency time deposits at the end of the month is 3 million yen or more | 50 points/month (maximum) |
| Foreign currency savings | Save 10,000 yen or more per month | 10 points/month (maximum) |
|
Receiving salary
Pension receipt |
Those who have registered to receive a salary or pension and have received a transfer | 30 points/month (maximum) |
| Receipt of transfer | For each transfer of 10,000 yen or more from another bank. The maximum number of times per month is 5 Salary and pension receipts are not included |
30 points/time Monthly limit: 5 times, 150 points |
|
Instant Payment
Instant account transfer |
At least one withdrawal per month | 5 points/month (maximum) |
| Direct debit (bank withdrawal) | At least one withdrawal per month | 5 points/month (maximum) |
| Card Loan | The balance at the end of the month must be 150,000 yen or more and all scheduled repayments must be made on time. | 20 points/month (maximum) |
|
JRA (Central Horse Racing)
Regional horse racing Keirin |
The total monthly deposit amount to JRA, local horse racing, and bicycle racing is 20,000 yen or more | 5 points/month (maximum) |
| Sports betting | Per lottery purchase | 1 point no limit |
■T points that can be used with each service:
| service | conditions |
| Card Loan |
1 point is worth 1 yen and can be used at any time when repaying.
The maximum number of points that can be used per transaction is 20,000 points. |
| Sports betting |
1 point is worth 1 yen and can be used when making a purchase.
The maximum number of points that can be used per transaction is 20,000 points. |
*1 "NEOBANK®" is a registered trademark of Sumishin SBI Net Bank. Registered trademark No. 5953666
Materials related to this matter
Launch of "T NEOBANK," a neobank for 70 million T members!
Inquiries regarding this matter
T-Money Co., Ltd.
Public Relations Officer: Ando
TEL: 03-6800-4464
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