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Seven Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Seven Bank is a Japanese easy-access account for people who live on cash, with a no monthly fee model and a minimum deposit of ¥1. It runs on an ATM and app network, so it suits cash-first banking rather than holding several currencies.

Key facts

Best for
Cash-first everyday banking in Japan with no monthly fee.
Currency conversion fee
3%↗
Currencies
1↗
Transfer fee
To Seven Bank free via My Seven Bank app, 55 yen via Direct Banking Service or Seven Bank ATM; to other banks 165 yen (incl. tax); international remittance (Western Union) 400-2,000 yen↗
Legal entity
Seven Bank, Ltd.↗
Headquarters
Japan↗
Founded
2001↗
Support channels
Chat, Phone, Help-centre↗
Audience
Expats
Pricing model
No monthly fee
Official website
sevenbank.co.jp

Money transfer

Delivery time
Minutes for cash pick-up↗
Payout methods
Bank, Cash-pickup, Wallet↗
Fee to send 1,000
¥400↗

Savings

Rate type
Variable↗
Minimum deposit
¥1↗
Access terms
24/7 access through Seven Bank ATMs, smartphone ATM, FACE CASH and direct banking; daily ATM cash withdrawal limit 500,000 yen per card type↗
Account kind
Easy access↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Runs on a no monthly fee model, which keeps the everyday account cheap to hold.
  • Around the clock access through Seven Bank ATMs, the smartphone ATM, FACE CASH and direct banking.
  • Payouts cover bank, cash pickup and wallet, with Minutes for cash pick-up for cash collection.
  • Support runs on chat, phone and help centre.

Cons

  • Currency conversion costs 3% on the JCB debit card, above the site median of 0.5%.
  • The account lists 1 currency, against a site median of 5.
  • Transfers to other banks carry a fee and international remittances through Western Union cost more, starting at ¥400.
Seven Bank

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Scored 8.6 / 10 by VaultCue.

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Who it suits

  • People in Japan who live on cash and want a no monthly fee everyday account.
  • Anyone who keeps money in a single currency and wants an easy-access account.
  • Savers who accept a variable rate and a small opening balance of ¥1.

Who should look elsewhere

  • Frequent currency converters: AXI Card charges 0% for conversion against Seven Bank's 3%.
  • Anyone converting money often: XTB charges 0.5%, well below Seven Bank's 3%.

Fees and currency costs

The everyday account runs on a no monthly fee model, and transfers to Seven Bank are free in the My Seven Bank app while Direct Banking Service and Seven Bank ATM transfers carry a flat charge. Payments to other banks add their own fee, and international remittances through Western Union cost the most. Currency conversion sits at 3% on the JCB debit card.

How Seven Bank compares

Where Seven Bank is available

Available
Japan

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there a monthly fee on a Seven Bank account?+

There is no monthly charge. The everyday account runs on a no monthly fee model, which matches the site median of €0 for monthly fees. The money you pay for sits elsewhere: outgoing transfers and currency conversion on the JCB debit card.

What does it cost to send money with Seven Bank?+

Transfers to Seven Bank are free in the My Seven Bank app, and Direct Banking Service or Seven Bank ATM transfers carry a flat charge. Sending to another bank adds a fee, while international remittances through Western Union start at ¥400.

How much does currency conversion cost?+

Conversion is charged at 3% on the JCB debit card, well above the site median of 0.5%. It is the main cost to weigh if you pay in another currency, and it is why the account sits low on cost.

When can I take cash out?+

Access runs around the clock through Seven Bank ATMs, the smartphone ATM, FACE CASH and direct banking. The account is easy-access in structure, with a daily ATM cash withdrawal limit set per card type, so plan ahead on heavy cash days.

How can money reach me from Seven Bank?+

Payouts cover bank, cash pickup and wallet, and remittances give Minutes for cash pick-up. Bank payouts suit regular income, while cash collection works well for a one-off transfer where you have no local account details.

How much do I need to open the account?+

The minimum deposit is ¥1, so the opening balance is small and there is no monthly fee to maintain it. The account lists 1 currency, which is the real constraint on what you can hold.

Who is the Seven Bank account for?+

It is aimed at expats, and the everyday, cash-led design suits anyone living in Japan who withdraws rather than spends on card. The bank was founded in 2001 and competes on access and on a no monthly fee model.

What interest does the balance earn?+

The rate is variable, so returns move rather than staying locked, and the rate type is listed as variable. The site median headline rate is 3%. Treat the balance as cash you can reach rather than a savings product built around growth.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Licence type, Deposit protection.

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Seven Bank

Seven Bank

Cash-first everyday banking in Japan with no monthly fee.

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