Reduction of transfer fees also to 4 major banks to study the mechanism August 5 11:19
Four major banks have decided to start specific studies toward the construction of a new transfer system between individuals. This may lead to lower transfer fees for banks that are said to be expensive.
When an individual transfers money to another bank's account, it is transferred using a network called the "Zengin System," and the bank must pay a fee each time it uses this system.
However, it has been pointed out that this fee has not changed for more than 40 years, and as a result, the transfer fee paid by individuals remains high.
For this reason, the four major banks of Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Resona Bank will begin to consider establishing a new transfer system between individuals, apart from the “Zengin System” network. became.
Currently, when sending money by Internet banking, generally, a transfer fee of 220 yen including tax if it is less than 30,000 yen, 440 yen including tax per case for 30,000 yen or more is required, but a new mechanism is If possible, it may lead to a reduction.
The four major banks are calling for the participation of a wide range of financial institutions such as regional banks in the new remittance system.
Regarding bank transfer fees, this April the Fair Trade Commission sought to effectively reduce fees through the Zengin System, and the government also stated the reduction in fees in its “growth strategy”.