Gunma Bank-Some important Details about This Bank

General Information & Regulation

The Gunma Bank, Ltd. was established in 1932 as a financial banking company headquartered in Gunma Prefecture, Japan. Currently, the company has 158 sales offices in Japan and has branches overseas. The company is authorized and regulated by the Japan Securities Dealers Association, and its financial instrument operator number is Kanto Finance Bureau Director (Denkin) No. 46.

Market Instruments

Gunma Bank provides different financial services for individual clients and corporate clients. Individual clients can obtain deposit/withdrawal, asset management, loan and other convenient services, while corporate clients can support financing, business management and payment services, etc.

Foreign Exchange Services

According to the official website, Gunma Bank only provides foreign exchange cash services to its clients, mainly in the form of exchange and deposit. Currently, the bank supports a total of 10 types of foreign currency exchange. Foreign currency savings deposits are supported in USD, EUR, GBP and CHF; foreign currency fixed-deposits are relatively more limited to USD and EUR.

Account Opening Process

Gunma Bank offers three ways for clients to open an account, namely online application, downloading the bank app application, and visiting a branch. Clients can apply on demand and provide a series of account opening documents.

About NISA account

NISA is a small investment tax exemption system introduced in 2014. It is available to adults over 20 years of age living in Japan. The maximum purchase amount is 1.2 million yen per year, and the tax-free period is 5 years. Only one NISA account can be opened per person.

Customer Support

Gunma Bank also provides a number of services to its clients, including market analysis, performance/financial information, and rating/corporate bond information.

Ancillary Service

Gunma Bank offers a telephone relay service for special group customers, which is a service that allows interpreters to translate “sign language/text” and “speech” in both directions over the telephone for people with hearing or speech impairments.