Sony Bank Wallet Product Overview and Details

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The Sony Bank Wallet is a digital wallet that allows users to store and manage their credit and debit cards, as well as other payment methods.

It's designed to be a convenient and secure way to make payments online and in-store.

The wallet is linked to the user's Sony Bank account, and can be accessed through the bank's mobile app or online platform.

Users can add multiple cards to their wallet, and can also set up automatic payments and reminders for bills and other regular payments.

Benefits

Using Sony Bank WALLET for shopping in Japan can earn you cashback, with rates ranging from 0.5% to 2.0% of the total purchase amount, depending on your Club S level.

You'll get 2.0% cashback, up to 200,000 yen per month, for shopping using the PlayStation Network or PlayStation Store, regardless of your Club S level.

One of the benefits of Sony Bank WALLET is the ability to make fee-waived fund transfers to other banks up to twice a month, saving you 110 yen per transfer.

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This can add up to a significant amount of money saved over time, especially if you have multiple transfers to make each month.

Here are some of the benefits of using Sony Bank WALLET:

  • Cashback of 0.5% to 2.0% on total purchase amount
  • Additional one-time, fee-waived fund transfers to other banks per month
  • 3% discount on total amount spent at any Sony Store

With these benefits, it's no wonder that Sony Bank WALLET is a popular choice for managing finances in Japan.

Product Details

The Sony Bank WALLET is a cash card that's issued by Sony Bank, and it has Visa Debit card functionality.

It's essentially a debit card that you can use to make purchases or withdraw cash from an ATM.

Product Description

The Sony Bank WALLET is a cash card issued by Sony Bank that has Visa Debit card functionality.

To understand what you can expect from your Sony Bank WALLET, let's take a closer look at its key features. It's a cash card that works with Visa Debit, making it a convenient way to make payments.

The card is issued by Sony Bank, which gives you a sense of security and reliability. You can use it to make purchases online or in-store, just like you would with any other Visa Debit card.

Here are the steps to use your new Sony Bank WALLET:

  1. First sign-in
  2. Preparing your Sony Bank WALLET
  3. Deposit to your account

Cash Card Function

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The cash card function of Sony Bank WALLET is quite handy. You can use it at partner ATMs in Japan for deposits, withdrawals, and balance inquiries.

Service hours vary by partner ATM, so be sure to check the hours before you head out. Some ATMs may be closed during business hours, while others may be open 24/7.

You can withdraw up to 2 million yen per day by default, but you can change this limit to a range from 0 to 2 million yen through Online banking.

Here are some key things to keep in mind when using the cash card function:

  • Service hours vary by partner ATM.
  • The daily ATM withdrawal limit is 2 million yen per day by default (including fund transfers and cash advances).
  • You can change the withdrawal limit within a range from 0 to 2 million yen after signing in to Online banking.

Account Management

You can easily manage your Sony Bank Wallet account through the Sony Bank app or website.

To add or remove account holders, simply go to the "Account Management" section and follow the prompts.

You can also easily switch between different account holders by selecting their names from the dropdown menu.

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For security reasons, you'll need to enter the account holder's PIN or password to make any changes to their account.

If you need to change your own account information, such as your address or phone number, you can do so by updating your profile in the Sony Bank app or website.

To freeze your account temporarily, select the "Account Freeze" option and follow the instructions provided.

You can unfreeze your account at any time by logging in to the Sony Bank app or website and selecting the "Account Unfreeze" option.

A different take: Yandex Money App

Setup and Usage

To set up Sony Bank WALLET, you'll need to enter your card and customer information. This is a straightforward process that will get you started with using the service.

You'll then be asked to confirm Sony Bank's Terms and Conditions, which are available in both Japanese and English. This ensures you understand the service's rules and regulations.

After confirming the terms, you'll need to complete the required identity verification procedures via email or telephone. Verification emails will be sent in both Japanese and English, and telephone verification is available in Japanese only.

Worth a look: Venmo Verifying Bank

Visa Debit Card Functions

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The Visa Debit card function is a convenient way to make payments. You can use it 24 hours a day, 365 days a year.

Some merchants may not accept Sony Bank WALLET, so it's a good idea to check beforehand. If you're paying in yen, the purchase amount will be debited immediately from your Yen savings account.

When paying in foreign currencies, the transaction method varies by currency used. For the 10 supported currencies, the purchase amount will be debited immediately from your foreign currency savings account of the corresponding currency.

If you don't have an account for the supported currencies, the amount plus a predetermined fee will be instantly withdrawn from your Sony Bank Yen savings account, converted into yen at the designated international exchange rate.

You can change the usage limit amount for shopping and overseas ATM withdrawals. The default setting is 500,000 yen per day and 2,000,000 yen per month for shopping, and 100,000 yen per day and 200,000 yen per month for overseas ATM withdrawals.

Here are the usage limit amounts you can set:

Validity and Renewal

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The Sony Bank WALLET has a validity period of six years. This means you don't have to worry about your card expiring anytime soon.

Before your card expires, you'll be screened to see if it can be renewed. This is a great opportunity to assess whether your card is still suitable for your needs.

Here's a quick rundown of what you can expect regarding the validity and renewal of your Sony Bank WALLET:

  • Six years of validity - that's a long time to enjoy the benefits of your card!
  • Screening before renewal - to determine if your card can be renewed before it expires.

Setting Up Contactless Payment Service

To set up a contactless payment service, you'll need to enter your Sony Bank WALLET card and customer information. This is a straightforward process that will get you one step closer to making Visa contactless payments.

You'll then need to confirm Sony Bank's Terms and Conditions, which are available in both Japanese and English. This ensures you understand the agreement before proceeding.

After confirming the Terms and Conditions, follow the procedures shown on the app screen, which will guide you through the next steps. This may involve completing identity verification procedures via email or telephone.

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Verification emails will be sent in both Japanese and English, while telephone verification is available in Japanese only. This is an important part of the process to ensure your identity is verified securely.

Once your identity has been verified, your Sony Bank WALLET will be registered to the applicable app, and you'll be ready to make Visa contactless payments.

A unique perspective: Digital Identity Wallet

Deposit Money at Partner ATMs

If you want to deposit money into your Sony Bank WALLET, you can do so at partner ATMs in Japan.

You can use your Sony Bank WALLET to deposit Japanese yen into your account at various partner ATMs, including Sumitomo Mitsui Banking Corporation ATMs, Mitsubishi UFJ Bank ATMs (except for some installed in hospitals and schools), Japan Post Bank ATMs, Seven Bank ATMs, Lawson Bank ATMs, E-Net ATMs (such as Family Mart with E-Net mark), and Aeon Bank ATMs.

The partner ATMs where you can deposit money are listed below:

  • Sumitomo Mitsui Banking Corporation ATM
  • Mitsubishi UFJ Bank ATM (except for some installed in hospitals and schools)
  • Japan Post Bank ATM
  • Seven Bank ATM
  • Lawson Bank ATM
  • E-Net ATM (such as Family Mart with E-Net mark)
  • Aeon Bank ATM

Transactions and Fees

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With Sony Bank Wallet, you can make transactions with ease. You can use it at partner ATMs in Japan for deposits, withdrawals, and balance inquiries.

The service hours vary by partner ATM, so it's a good idea to check beforehand. You can also change the daily ATM withdrawal limit, which is 2 million yen per day by default, within a range from 0 to 2 million yen.

Checking your balance at partner ATMs is always free. Additionally, Sony Bank doesn't charge additional service fees after business hours, such as at night, or during weekends or bank holidays.

Here's a summary of the free or fee-waived transactions you can make with Sony Bank Wallet:

  • 4 fee-waived cash withdrawals per month at partner ATMs
  • Checking your balance at partner ATMs is always free
  • Fee-waived cash withdrawals at partner ATMs in Japan (number of times shown above)

Holders Get 0.5% Cashback

If you're a Sony Bank WALLET holder, you're in luck – you can receive a minimum of 0.5% cashback on all your shopping and payments.

This cashback is automatically credited to your account on or around the 25th of the following month, so you don't have to worry about tracking it down.

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You can earn up to 2% cashback with the Club S rewards program, but that's a topic for another time.

Here's a breakdown of the Club S levels, which determine your cashback rate:

To qualify for the higher cashback rates, you'll need to check out the Club S guide for more information.

Overall, earning 0.5% cashback is a great way to save money on your everyday purchases – and it's a nice bonus for using your Sony Bank WALLET.

Transaction Limit

You can withdraw up to 2 million yen per day from partner ATMs in Japan using your Sony Bank WALLET.

The daily ATM withdrawal limit can be changed within a range from 0 to 2 million yen after signing in to our Online banking.

Making contactless payments with Sony Bank WALLET has a usage limit of 50,000 yen per transaction.

The cashback you earn each month will be credited to your account on or around the 25th of the following month, after a minimum of 0.5% cashback on all shopping and other payments with Sony Bank WALLET inside Japan.

Here's a summary of the transaction limits:

Remember to check your account balance and remaining fee-waived transactions by selecting Customer information - Withdrawal limit after signing in to our Online banking.

Frequently Asked Questions

What is Sony Wallet?

Sony Wallet is an international Visa Debit card that allows you to use 11 currencies directly from your currency accounts. It's a convenient all-in-one card for global transactions.

Does Sony own a bank?

Yes, Sony owns a bank through its subsidiary Sony Bank, Inc. It is one of the largest online banks in Japan.

What is the bank code for Sony Bank?

The bank code for Sony Bank is 0035. This code is used for fund transfers to a Sony Bank account.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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