Rakuten Bank Surpasses $74.75 Billion in Deposits

Rakuten Bank has exceeded $74.75 billion (JPY 11 trillion) in deposits as of July 2024. The bank, headquartered in Japan, reported over 16 million active accounts.

Since May 2024, Rakuten Bank has introduced digital services through JRE Bank, a new internet banking platform for JR East Group customers. The bank has also expanded direct debit options for public utility payments.

Additional initiatives include Money Bridge, linking Rakuten Bank and Rakuten Securities accounts for preferential interest rates, the Super Point Up Program offering increased rewards on Rakuten Ichiba, and the Rakuten Pay app.