Raksul Bank (Corporate Net Account) Deep Dive: 119 Yen Transfer Fees, 2% Cashback, and the 2026 Cost Reduction Revolution for SMEs

Verification Status: This article is based on publicly available information (no actual usage or trading by the editorial team).

"Another month, and I'm spending tens of thousands of yen just on transfer fees..." Makoto Tanaka (pseudonym), who runs an IT consulting firm, sighs every time the end of the month rolls around. For his small company with five employees, the transfer fees for 30 to 40 monthly payments amount to around 180,000 yen per year. With his main bank charging roughly 440 yen per transfer as the norm, he had almost resigned himself to this as an "unavoidable fixed cost."

Then, a business partner mentioned that switching to Raksul Bank had cut their transfer costs by more than half. Skeptical but curious, Tanaka started looking into it. He had yet to realize that this new option—a dedicated payment account—could fundamentally change the cost structure of a small business.

Raksul Bank is a corporate-only online account offering transfer fees of 119 yen and a debit card with 2% cashback. It has gained support from small and medium business owners because it allows them to cut costs by focusing on payments without changing their existing bank.

Raksul Bank: A "Payment-Dedicated Account" for SMEs – Its Features and Mechanism

The first thing Tanaka looked into was the basics of what Raksul Bank actually is. He quickly discovered that it's not just another online bank, but a dedicated account specifically designed for corporate payment operations.

Raksul Bank is a financial platform for small and medium-sized enterprises (SMEs), offered through a partnership between the Raksul Group and GMO Aozora Net Bank. Its biggest selling point is its clear focus as a "payment-dedicated account." There's no need to close your existing main bank account or drastically change your transaction flow. You can keep receiving your daily sales revenue and processing payroll as usual, and simply switch only payments to suppliers and subcontractors to Raksul Bank. This allows you to significantly reduce the monthly accumulation of transfer fees.

"No monthly fee, and account opening is free." Tanaka was immediately drawn to this cost structure. Not only is the barrier to entry extremely low, but the fact that it leverages GMO Aozora Net Bank's security framework as a BaaS (Banking as a Service) platform also provides peace of mind. Based on information from multiple comparison articles and the official website, robust identity verification processes and anti-fraud measures are in place, with no major security concerns.

Furthermore, balance inquiries and transfers can be completed through the smartphone app, and it also supports Pay-easy. It even offers a feature to manage balances from other bank accounts in one place. Tanaka began to think, "This might not add to the workload for the accounting staff." Of course, there are caveats like the screening process and functional limitations that he would learn about later, but this first step in his research was filled with growing expectations for the potential cost savings.

Monthly Transfer Fees: "30 Transfers a Month Could Save You About ¥150,000 a Year" — Here's the Math Behind Mr. Tanaka's Case

Keeping his excitement in check, Mr. Tanaka applied the numbers to his own company. The savings mentioned here are theoretical values derived solely from the difference in fee rates.

Mr. Tanaka's company handles about 30 transfers per month, with the main bank charging ¥440 (tax included) per transfer. That means a monthly fee burden of roughly ¥13,200. If he switches to Raksul Bank's transfer fee of ¥119 for transfers to other banks, the difference is ¥321 per transfer. For 30 transfers, that's a monthly savings of ¥9,630, or about ¥115,560 per year. For a business owner, this impact goes beyond mere "small savings."

Multiple review sites also give high marks to these low transfer fees. One comparison site highlights feedback like, "The low transfer fees help cut monthly expenses," showing that actual users are highly satisfied.

On top of that, Raksul Bank offers a 2.0% point rebate on debit card usage. For example, if you consolidate payments for outsourced work or office supplies onto this card, the points can be used for Raksul Group's printing and marketing services. Since Mr. Tanaka's company frequently uses Raksul for business card printing and promotional flyers, he felt that "these points won't go to waste." Of course, actual savings will vary depending on the number of transfers and amounts, but there's no doubt that the ¥119 per transfer fee is a powerful advantage for small and medium-sized businesses handling dozens of transfers each month. Plus, opening an account is free, and you can try it out like a demo first, which adds peace of mind.

Honest Review of Raksul Bank's Pros and Cons

It can't all be good news—Tanaka dug deeper, cross-referencing multiple user reviews and official information to organize the pros and cons. Below is a summary table of the main points, along with an assessment of their real-world impact.

Pros

Cons

Tanaka was a bit concerned about the phrase "feature limitations." However, upon closer inspection, if you treat it strictly as a "payment-only account," you can handle payroll transfers, bill payments, and other standard banking functions through your existing main bank—so it shouldn't be a major issue. In fact, user reviews often mention, "It's great to use it as a dedicated payment account without changing your current bank," suggesting that using it alongside another bank is the practical approach.

On the other hand, some reports of failed screenings did surface. Reading experiences like "I failed the screening and couldn't open an account," Tanaka felt a bit nervous, wondering, "Will our company be okay?" Still, for legitimate corporations with clear business operations and no ties to antisocial forces, most seem to pass. As for the point expiration, if you use Raksul's services frequently, it's easy to use them up without issue.

How Does It Differ from Other Corporate Online Accounts in 2026? A Comprehensive Comparison Table Shows Raksul Bank’s Position

Next, Tanaka wanted to confirm whether it was truly a better deal compared to other options, so he compared major corporate online accounts. The figures below are based on multiple third-party comparison sites and official information as of July 2026.

The comparison highlights Raksul Bank’s overwhelming focus on transfers. The 119 yen fee clearly stands out, and the 2.0% debit card cashback is a unique advantage not offered by competitors. Additionally, same-day account opening is a reassuring feature for business owners in a hurry.

On the other hand, standard accounts at Sumishin SBI Net Bank and GMO Aozora Net Bank are better suited for those seeking full banking functions like foreign currency deposits or loans. Sumitomo Mitsui Banking Corporation Trunk appeals with the trustworthiness of a major bank. In short, for small and medium-sized enterprises looking to cut transfer costs, Raksul Bank’s streamlined approach is a major asset. However, sole proprietors or companies needing multiple accounts should consider other options. Still, since account opening is free and can be started on a trial basis, it’s worth giving it a try.

"Worried About Failing the Screening?" – How to Ease Those Concerns! Companies That Are a Good Fit for Raksul Bank vs. Those That Aren't

After researching this far, Tanaka's mind was almost made up. However, one lingering concern was the "screening process" and whether "his company was truly a good fit." Here, we break down the pros and cons based on publicly available information and user profiles.

Companies That Are a Great Fit for Raksul Bank

• Process 20 or more transfers per month, offering significant room for fee reduction
• Want to add a dedicated payment account without closing their existing main bank account
• Already use Raksul's printing or customer acquisition services (point integration is a plus)
• Need to open an account quickly (same-day opening is a major advantage)
• Don't need a cash card and can manage payments with a debit card

Companies That Are Not a Good Fit

• Sole proprietors (as of July 2026, it's heavily geared toward corporations)
• Need full banking features (loans, foreign currency deposits, etc.) in a single account
• Only make a few transfers per month, resulting in minimal fee savings
• Require a cash card for withdrawing cash

Tanaka's company met all the "good fit" conditions. They process 30 transfers per month, already use Raksul, and want to keep their existing bank. As for the screening, examples from fellow business owners suggest it shouldn't be a major hurdle for a company with standard operations.

However, it's important to note that "the screening exists, and it's not guaranteed to pass." The official account opening page clearly states that a screening is involved, and user reviews occasionally mention rejections. But this is also a sign of a sound financial service. Additionally, the one-year expiration period for points can be managed with planned use of Raksul services. Tanaka concluded, "The risk is far smaller with this option."

Checking the latest campaign terms on the official website will give you a clearer picture of whether it suits your company.

The Account Opening Process Is Surprisingly Simple – Complete Online, Same-Day Setup, Follow Along with Mr. Tanaka

Now it's time for the procedure. Mr. Tanaka called over his accounting staff and started the application from the office computer. The account opening process on the official website is surprisingly simple, with just 5 steps.

1. Apply via the Raksul Bank Official Website: Log in with your Raksul account and enter the required information.
2. Submit Identity Verification Documents: Choose from IC card reader (My Number Card), selfie video, or document upload/mail-in. Mr. Tanaka opted for the IC card reader on his smartphone.
3. Submit Business Verification Documents: Provide at least one document proving business operations, such as a certificate of registered matters or financial statements.
4. Review Complete: The review is completed as early as the same day, and you'll be notified of the result. No online interview is required.
5. Account Opened & Ready to Use: Log in to the app, and you can immediately make transfers and check your balance.

Multiple user reviews also praise the process, noting that "account opening was completed the same day, and not having to mail in documents was a huge help." The ease of the procedure is well-supported by actual users. For Mr. Tanaka's company, the application was completed in about 15 minutes, leaving him relieved, thinking, "Is it really this easy?"

After the review is complete, you can still make transfers via the app while waiting for the debit card to arrive by mail. Mr. Tanaka felt a small sense of accomplishment, realizing that the first step toward cost savings was surprisingly light and easy. Plus, account opening is free, and you can try it out like a demo first, which adds peace of mind.

Frequently Asked Questions

Tanaka-san's final task was to organize the detailed questions that came up internally before applying. Here, we provide concise answers to common concerns that business owners and accounting staff may have.

Q. What are the screening criteria?
Officially, the details are not disclosed, but conditions include not being an antisocial organization and having a clear business purpose. It is generally assumed that ordinary businesses will not face major issues.

Q. Can sole proprietors open an account?
As of July 2026, the current campaign is primarily aimed at corporations, and sole proprietors are likely not eligible. Please check the latest eligibility conditions on the official website.

Q. Isn't it inconvenient without a cash card?
It can be inconvenient if you need to withdraw cash. However, since a debit card is issued, you can still make purchases and online payments. For companies that treat it strictly as a transfer-only account, this is not an issue.

Q. How can I use the points?
As Raksul Points, they can be used across the group's various services, including printing, customer acquisition, and logistics. The points expire after one year, but companies that regularly use Raksul for business should have no trouble using them up.

Q. Is it really free with no hidden costs?
The monthly fee, account opening fee, and debit card annual fee are all free. However, besides the 119 yen fee for transfers to other banks, some special transactions may incur charges, so we recommend checking the official fee schedule.

Raksul Bank is designed as a "specialized auxiliary account for payments." For small and medium-sized enterprises that can accept this focused approach, there are few cost-cutting tools as powerful. Like Tanaka-san, starting with a free account opening is a solid first step toward improving business management.

Methodology and Disclosure

Verification Method: This article is based on publicly available information confirmed as of July 23, 2026. Our editorial team has not actually signed up for or used the services discussed. The content is based on publicly available information (official websites, third-party reviews, and user feedback). Service details, fees, and promotions are subject to change, so please always check the official information before applying.

Publisher Information: The editorial policy and evaluation criteria for this article are described in our Editorial Policy, and the verification procedures are outlined in our Evaluation Methodology. Please report any errors through our contact form.

Affiliate Disclosure: This article contains affiliate links, and our site may receive compensation at no additional cost to readers. Compensation does not affect the content of our evaluations.

Sources

This article is based on publicly available information as of 2026-07-23.

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