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Seven Bank

Seven Bank, Ltd.
株式会社セブン銀行
Public
Traded as :
Industry Financial Services
Founded Marunouchi, Chiyoda, Tokyo, Japan (April 10, 2001 (2001-04-10), IY Bank)
Headquarters Marunouchi, Chiyoda, Tokyo, Japan
Parent Seven & I Holdings Co.
Website Seven Bank, Ltd. home page (English)

Seven Bank, Ltd. (株式会社セブン銀行 Kabushiki-gaisha Sebun Ginkō?) is a Japanese bank. It is a subsidiary of 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 IY Bank (アイワイバンク銀行 Ai-wai Banku Ginkō?), 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, 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.


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