Japan Post Bank will charge a fee depending on the number of coins when depositing with coins from the 17th.
The introduction is spreading to other financial institutions, and it seems that it will have an impact at stores where there are many cash payments.
From the 17th, Japan Post Bank will charge a fee depending on the number of coins when depositing or transferring coins.
Regardless of the type of coin,
▽ 50 coins are free at the counter,
▽ 51 to 100 coins are 550 yen,
▽ 101 to 500 coins are 825 yen,
▽ 501 to 1000 coins are 1100 yen.
If there are more than this, 550 yen will be added for every 500 additional coins
.
Also, when depositing at an ATM, a fee will be charged from one coin.
▽ 1 to 25 sheets are 110 yen,
▽ 26 to 50 sheets are 220 yen,
▽ 51 to 100 sheets are 330 yen.
If the deposit amount is less than the fee, it means that we will not handle it.
Major banks and regional banks have been introducing coin handling fees one after another in recent years, partly due to the deterioration of the profit environment due to low interest rates.
On the other hand, Japan Post Bank, which used to be free of charge, has decided to introduce a fee because the deposit of coins has increased year by year and the cost has increased.
Recently, cashless payments have become widespread, but it is likely to have an impact on stores that often make cash payments and groups that handle coins in fund-raising activities.