SBI Money Plaza and Tohoku Bank Collaboration
SBI Money Plaza, a subsidiary of SBI Securities headquartered in Minato-ku, Tokyo, has announced the opening of a joint retail store with Tohoku Bank in Morioka City, Iwate Prefecture. This collaboration is set to begin on November 4, 2025. The partnership marks a significant step in delivering comprehensive financial services to the local community.
Since December 2018, SBI Money Plaza and Tohoku Bank have collaborated to provide financial product mediation services. Through the Tohoku Bank website, customers have been able to open SBI's securities accounts and access a wide range of financial products and services. This new initiative aims to further enhance this partnership by combining SBI's extensive experience in domestic and international financial offerings with Tohoku Bank's strong regional presence.
The joint store will provide specialized advice on various financial products, including stocks, bonds, and real estate security tokens, all under one roof. This means that customers can expect high-quality face-to-face consulting along with access to diverse financial products and services tailored to their needs. As part of this initiative, customers will also have the benefit of using the Tohoku Bank Real-Time Deposit service, which allows for instant transfers to their securities accounts at no additional cost.
Overview of the Tohoku Bank Real-Time Deposit Service
This service is designed for Tohoku Bank customers who open an SBI securities account through the bank's website or the joint retail store. Here are the key features of this service:
- - Eligibility: Customers who have opened SBI securities accounts via Tohoku Bank’s website or the joint store.
- - Transaction Fees: Free of charge.
- - Access Hours: Available 24/7, except during scheduled maintenance.
- - Immediate Reflection: Funds transferred will be reflected immediately as purchasing power in the securities account.
- - Supported Devices: Access through computers, smartphones, and tablets.
- - Initiation Method: Customers must register their Tohoku Bank savings account as the transfer account on the SBI Money Plaza website once established.
With the launch of this joint store, it is expected that many new investors will be encouraged to participate in capital markets, allowing for further expansion of SBI Money Plaza’s customer base. The partnership aims not only to enhance financial access but also to foster a stronger local economy.
Details of the Joint Retail Store
- - Name: Tohoku Bank SBI Money Plaza
- - Location: 5-3-21, Ota, Morioka City, Iwate Prefecture
- - Operating Hours: Weekdays from 9:00 AM to 5:00 PM
About Tohoku Bank
Tohoku Bank was established on October 7, 1950, and is headquartered in Morioka City, Iwate. As of March 31, 2025, the bank has a deposit balance of 921.7 billion yen and a capital amounting to 13.2 billion yen. The current president is Kenshi Sato, and the bank is registered under the Tohoku Financial Bureau.
SBI Securities Overview
SBI Securities, as a financial instrument dealer, is registered with the Kanto Financial Bureau. The company aims to provide a seamless investment experience for users while ensuring that they are aware of any applicable fees and risks associated with investments. Registration for securities accounts is free, but fees may apply for specific investment products.
In conclusion, this collaboration between SBI Money Plaza and Tohoku Bank stands to provide enriched financial opportunities for the communities in Iwate Prefecture, making it easier for individuals to invest and manage their assets effectively.