Seven Bank

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Seven Bank, Ltd. (Japanese: セブン銀行) is a bank in Japan. It is part of the IY Group, 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 -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, 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 will begin to accept foreign-issued ATM and credit cards as of June 2007. Cards with VISA, Mastercard, American Express, JCB, China Union Pay, PLUS, or Cirrus logos on them will all be accepted to withdraw yen from the machines.

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