The organization that operates the system has officially announced that it will reduce the fee for exchanging money between banks on the system to 62 yen, which is about half of the current fee from October.
With the revision of charges that have not changed for more than 40 years, it is likely that banks will move to reduce transfer fees in the future.
This was announced on the 18th by the "National Bank Fund Settlement Network," which operates a network system that connects banks.
According to that, when exchanging money between banks using the system, a fee of 117 yen will be charged if the remittance amount is less than 30,000 yen, and 162 yen if the remittance amount is 30,000 yen or more, but this is October 1st. From now on, it will be uniformly reduced to 62 yen.
The interbank fee is passed on to the transfer fee paid by the user, but it has not been reviewed for more than 40 years, and the Fair Trade Commission has pointed out that the remittance cost of the user is a high factor. It was.
By lowering this fee, it seems that there will be more movement among banks to reduce the transfer fee in the future.
On the other hand, in this review, it is said that a new fee of 62 yen will be charged from 2024 for remittances of countries and local governments, which have been exceptions so far, and how to bear that amount, banks, local governments, etc. It is expected that adjustments will be made with.
Chairman of the Japanese Bankers Association "Review of transfer fees will be considered individually for each bank"
Regarding the revision of the transfer fee in response to the reduction of the fee due to the transfer between banks, Mr. Mitsuge, Chairman of the National Banking Association, said at a press conference, "How to change the level of the transfer fee is the management of individual banks. Since it is a strategy, we are not considering providing a unified guideline for reductions as a national banking association, "he said, recognizing that each bank will proceed with consideration individually.
Regarding remittances from national and local governments that will set new fees from 2024, Chairman Mitsuge said, "We will not just negotiate an increase in fees, but will rationalize inefficient remittance-related affairs through support for IT. , It is possible to seek appropriate consideration, and we will consider the response policy in each bank's business strategy. "
Some point out that "factors that push down the profits of regional banks"
On the other hand, it has been pointed out that the reduction of interbank fees will be a factor that lowers the profits of regional banks.
For example, when a large company transfers money to a local subcontractor's account, the major bank that sends the money pays a fee to the regional bank that has the subcontractor's account.
It can be said that it is a valuable source of income for regional banks where population decline and ultra-low interest rates are headwinds, but lowering fees will lead to a decrease in profits.
In addition, with this review, remittances from countries and local governments, which were exceptional until now, will be charged a fee of 62 yen from 2024.
It is expected that adjustments will be made in the future as to whether the designated financial institution will bear the fees for exchanging subsidies and benefits between banks, or whether to charge the local government.
Yasuyoshi Oya, chairman of the Regional Banks Association of Japan, said, "I don't think the impact of the reduction in fees on regional banks is small. The association wants to deal with this issue properly."
Fee reduction For the first time since the system went live in 1973
This is the first time that the remittance fee using the Zengin system has been reduced since the system started operation in 1973.
Each major bank will consider reducing the transfer fee in the future.
According to Mitsubishi UFJ, Sumitomo Mitsui, Mizuho, and four major banks of Resona, if you use a cash card at an ATM to transfer money to another bank's account, it is now 220 yen to 440 yen, 3 if it is less than 30,000 yen. If it is 10,000 yen or more, a fee of 440 yen will be charged.
In addition, the fee for internet banking is 220 yen for less than 30,000 yen, and 220 to 440 yen for 30,000 yen or more.
Each major bank is considering reducing the transfer fee in the future, but an executive of one major bank has indicated that it wants to review mainly the transfer fee of net banking.
In addition, each bank is expected to consider whether to expand the service that the transfer fee will be free if certain conditions such as the balance of the deposit account are met.