SBI vs Rakuten

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Oliver
Regular
Posts: 83
Joined: Fri May 13, 2022 6:10 am

SBI vs Rakuten

Post by Oliver »

Thank you for your input. Has been super helpful! I have another question?
To do NISA and invest in eMAXISSlim should I use SBI online bank or Rakuten online bank? Neither of these are in my town so I will have to send money to these accounts with an ATM. Using ATM I will have to pay transfer fee.
Doing an ATM transfer once is acceptable but I would like to minimize unnecessary fee to maximize my profit. Also I was hoping to automate this.
Any input would be great! Thank you!
beanhead
Sensei
Posts: 1220
Joined: Sat Jan 30, 2021 1:24 pm
Location: Kanto

Re: SBI vs Rakuten

Post by beanhead »

Do you have other bank accounts?
If so you can transfer online from those accounts directly to a Rakuten Securities or other securities account without paying fees.
Example for Rakuten.
https://www.rakuten-sec.co.jp/web/servi ... ng/#skip03

Depositing money at an ATM does not usually cost anything.

(I don't use SBI but assume it is very similar).
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
Oliver
Regular
Posts: 83
Joined: Fri May 13, 2022 6:10 am

Re: SBI vs Rakuten

Post by Oliver »

I have Postal account, Chiba bank, JA account.
Which one would you recommend to connect to Rakuten?
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