How to apply for Rakuten Bank

Rakuten Bank, the largest digital bank in Japan by number of accounts, offers convenient and user-friendly services to both locals and foreigners. Here's a step-by-step guide on how to apply for an account with Rakuten Bank.

To start the application process, open Google Chrome and search for Rakuten Bank. Click on the provided link to access the bank's official website. Next, navigate to the "Account Opening" section and proceed to enter your personal information on the application form. This includes details such as your name, address, and contact number. There are also options to select your preferred card type, including cash cards with debit and credit card functions.

Once the initial information is submitted, you'll need to download the Rakuten Bank app to proceed with the application. Using the app, you can capture and submit a photo of your valid identification, which is required for verification purposes. Rakuten Bank typically takes about two days to two weeks to process applications. Upon approval, you will receive a thank-you letter, which confirms the opening of your account. Additionally, if you applied for a cash card or debit card during the initial process, you will receive it along with the confirmation letter.

After receiving the thank-you letter, it's important to complete the initial settings on the login screen of the Rakuten Bank website. This step ensures that you can access your account and start utilizing the bank's services seamlessly.

By following these steps, you can easily apply for and open an account with Rakuten Bank, making use of its diverse range of banking services and convenient features.

Reasons for choosing Rakuten Bank

Rakuten Bank, known as Rocco 10, has gained popularity among foreigners in Japan for several reasons. Firstly, it offers 24/7 banking services, providing convenience and accessibility to customers. Secondly, the bank allows cash deposits and withdrawals at convenience stores, making banking transactions hassle-free for account holders. Additionally, Rakuten Bank provides free ATM withdrawals up to seven times per month, offering cost-saving benefits to its users. Moreover, the bank offers cash back rewards and mortgage options, adding value to its financial services. Lastly, the ease of account opening stands out as applicants can conveniently apply online without the need for complex paperwork or seals, making it a convenient option for individuals, including foreigners and even minors. With these features and benefits, Rakuten Bank emerges as a favorable choice for individuals seeking a hassle-free and efficient banking experience in Japan.

Applying for cash cards with debit and credit card functions

Rakuten Bank, commonly known as Rocco 10, offers various options for cash cards with debit and credit card functions. This feature provides convenience and flexibility for customers to manage their finances and make transactions. When applying for a cash card with debit and credit card functions, customers can conveniently do so during the account opening process. This allows customers to have access to their funds and make purchases both online and in-person. The cash card can be utilized for ATM withdrawals and point-of-sale transactions, providing a versatile banking solution that aligns with the diverse financial needs of customers.

By offering cash cards with both debit and credit card functionalities, Rakuten Bank caters to a wide range of financial preferences and usage scenarios. This dual functionality allows customers to make purchases with the card while also utilizing the debit card feature for direct access to their available funds. Additionally, the cash card can be seamlessly integrated with various payment systems, offering convenience and security for transactions. Customers can enjoy the benefits of a credit card for larger purchases while leveraging the practicality of a debit card for everyday expenses.

Furthermore, the process of applying for these multi-functional cash cards is streamlined and user-friendly. Customers can easily indicate their preference for the cash card with dual functionalities during the account opening application. This ensures a seamless and efficient experience, enabling customers to access their funds and manage their finances effectively. With the availability of these versatile cash cards, Rakuten Bank demonstrates its commitment to providing modern, integrated banking solutions that empower customers to engage in diverse financial activities with ease and flexibility.

Submitting identification through the Roco10 app

Submitting identification through the Roco10 app is a straightforward process that ensures a smooth account application. Once the customer has filled out their information on the account opening application screen, the next step is to submit their ID through the Roco10 app. This involves downloading the bank app and using it to take a clear photo of a valid ID. The submission of identification through the app streamlines the verification process, providing a convenient and efficient means of confirming the applicant's identity.

By utilizing the Roco10 app for ID submission, applicants can expect a seamless experience, avoiding the need to physically visit a bank branch or send documents via mail. This modern approach aligns with the digital-first nature of Roco10 Bank, catering to the preferences of tech-savvy consumers. This method not only saves time for the applicant but also accelerates the overall account opening procedure, reflecting Roco10 Bank's commitment to user-friendly digital banking solutions. Furthermore, the use of the app ensures the security of sensitive identification documents, as the digital submission can be securely managed within the platform's interface.

In summary, the process of submitting identification through the Roco10 app offers customers a convenient and secure way to complete this crucial step in the account opening process. This digital approach underscores the bank's dedication to providing a modern, efficient, and user-centric banking experience for its customers.

Completing initial settings after receiving the thank you letter

Once you receive the thank you letter from Rakuten Bank informing you that your account has been opened, it's essential to proceed with the initial settings to ensure seamless access to your account. Start by visiting the Rakuten Bank website and locating the login screen. Here, you will need to input your user ID and initial password, which is provided in the letter. After successfully logging in, you will be prompted to change your password and set up your security questions. It's crucial to create a strong, unique password to safeguard your account.

Subsequently, you may be asked to review and accept the terms and conditions of using Rakuten Bank's services. Take the time to carefully read through these terms to understand the guidelines and policies related to your account. Additionally, you might be required to set your communication preferences, such as opting in for email notifications or selecting language preferences for communication from the bank.

Furthermore, explore the online banking platform to familiarize yourself with its features, including fund transfers, bill payments, and account statements. Take note of any additional security measures, such as two-factor authentication, and consider enabling them to enhance the protection of your account.

Once you have completed these initial settings, you can commence using Rakuten Bank's digital banking services efficiently, accessing a wide range of financial tools and resources conveniently from your smartphone or PC.

Conclusion

In conclusion, Rocco 10 Bank is a popular choice for foreigners in Japan and has recently become the largest digital bank in the country based on the number of accounts. The convenience it offers, such as 24/7 banking, cash deposits and withdrawals at convenience stores, free ATM withdrawals up to seven times per month, cash back rewards, mortgages, and easy online application process, make it an attractive option for individuals seeking banking services in Japan.

The process of opening an account with Rocco 10 Bank is straightforward and user-friendly. By providing necessary personal information and submitting an ID through the Rocco 10 app, applicants can expect to have their account opened within two days to two weeks. Once approved, they will receive a thank you letter and, if requested, a cash card or debit card.

Overall, Rocco 10 Bank offers a modern and accessible banking experience, particularly for those who prefer digital and mobile solutions. Its features and convenience make it a compelling choice for both locals and expatriates in Japan. With its emphasis on accessibility and user-friendly processes, Rocco 10 Bank stands out as a leading option for those looking to manage their finances digitally in Japan. Thank you for watching, and don't forget to subscribe for informational videos.

Highlight

Rakuten Bank, also known as Rocco 10, is the largest digital bank in Japan with over 11 million accounts. Foreigners in Japan can easily open an account with Rakuten Bank and enjoy 24/7 banking services.

There are many reasons to choose Rakuten Bank, including the ability to deposit and withdraw cash at convenience stores, free ATM withdrawals up to seven times per month, cashback rewards, and easy account opening process with no application form or seal required.

To open an account with Rakuten Bank, applicants can apply online using the smartphone app, submit their identification documents, and complete the initial settings on the bank's website.

Overall, Rakuten Bank offers convenience and flexibility for individuals looking to manage their finances in Japan.

FAQ

Q: What is Rakuten Bank and how can foreigners in Japan apply for it?

A: Rakuten Bank, also known as Rocco 10, is the largest digital bank in Japan in terms of the number of accounts. Foreigners can apply for Rakuten Bank by following a simple application process.

Q: What are the benefits of choosing Rakuten Bank?

A: Rakuten Bank offers numerous benefits such as 24/7 banking, the ability to deposit and withdraw cash at convenience stores, free ATM withdrawals up to seven times per month, cash back rewards, and easy access to mortgages.

Q: What is the application process for opening an account with Rakuten Bank?

A: To open an account with Rakuten Bank, applicants can apply online without the need for a physical application form or seal. The process can be completed from a smartphone or PC, making it convenient for individuals, including minors.

Q: Can applicants also apply for cash cards with debit and credit card functions?

A: Yes, applicants can apply for cash cards with debit and credit card functions simultaneously without the need for mailing identity verification documents. These documents can be easily sent using the smartphone app.

Q: What are the steps involved in applying for Rakuten Bank?

A: The application process involves entering customer information on the account opening application, selecting a preferred card, and submitting valid identification through the Roco 10 app. After this, it may take about two days to two weeks for the account to be opened, and the applicant will receive a notification and, if requested, a cash or debit card.

Q: Are there any additional steps required after receiving notification of the opened account?

A: Yes, after receiving the notification, the applicant needs to complete the initial settings on the login screen of the Rakuten Bank website.

Q: How long does it take to complete the entire application process?

A: The entire application process, including receiving notification of the account being opened and completing the initial settings, can take approximately two days to two weeks.

This concludes the frequently asked questions (FAQ) for opening an account with Rakuten Bank in Japan as a foreigner. If you have further questions or seek more informational videos, remember to subscribe to our channel for future updates.

Conclusion

Rakuten Bank, also known as Rocco 10 Bank, has become the largest digital bank in Japan with over 11 million accounts. Foreigners in Japan can benefit from its 24/7 banking, cash deposit and withdrawal at convenience stores, free ATM withdrawals, cashback rewards, and easy account opening process. The application can be done online without the need for any application form or seal, making it seamless for users to open an account from their smartphones or PCs. Additionally, with the option to apply for cash cards with both debit and credit card functions simultaneously, the bank ensures convenience for its customers. After submitting the required identification documents through the app, the account opening process takes about two days to two weeks. Upon approval, customers receive a thank-you letter and their requested cards, if any, followed by the completion of initial settings on the Rakuten Bank website.