Is Rakuten a bank?

Written by Editorial Team | Last Updated: August 2026

Rakuten operates an established digital banking subsidiary known as Rakuten Bank in Japan, functioning as a fully licensed internet bank providing online deposit accounts, loans, and settlement services to millions of retail clients. While the broader parent corporation is a massive e-commerce and digital services conglomerate, its dedicated banking arm operates under rigorous financial regulatory oversight by Japanese banking authorities.

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The official SWIFT/BIC code utilized by Rakuten Bank, Ltd. for international wire transfers, institutional financial messaging, and cross-border banking settlements is RAKTJPJTXXX.

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Rakuten Bank, Ltd. operates as a major digital retail bank in Japan, functioning as a core financial subsidiary of the broader Rakuten e-commerce conglomerate.

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Rakuten Bank operates primarily in Japan under Japanese banking regulations, meaning its customer deposits are protected by Japanese deposit insurance schemes rather than the United States Federal Deposit Insurance Corporation.

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