Press Release

January 22, 2025
SBI Sumishin Net Bank, Ltd.

SBI Sumishin Net Bank to start handling "reporting method" for housing loan deduction (linked to My Number Portal)

SBI Sumishin Net Bank, Ltd. (Head Office: Minato-ku,Tokyo; President & CEO: Noriaki Maruyama; henceforth referred to as “SSNB”) is pleased to announce that it has started a new "record method" by promoting the digitization of application procedures in order to simplify the procedures for filing housing loan deductions and making year-end adjustments for housing loan deductions that were implemented in the tax reform in the fourth year of Reiwa.

As a result, customers who are subject to the "Record Method" will be able to obtain information on the year-end balance record on the customer's Myna Portal by applying for My Number and housing loan deduction application on the SSNB website, thereby reducing the burden on customers regarding the housing loan deduction procedure.

Date of introduction of the "Record Method"

From borrowing on or after January 1, 2025 (Wednesday)

Customers subject to the "Record Method"

Customers who meet all of the following criteria are eligible.

  1. Those who apply for a provisional examination for our housing loan on or after January 1, 2025 (Wednesday) and borrow and use the housing loan deduction.
  2. Those who start living in the target property on or after January 1, 2025 (Wednesday)
  • ※ For customers who are refinancing, those who purchased a home using a mortgage on or after January 1, 2023 (Sunday) and are still living in the same property are eligible.

About the "Record Method" (Myna Portal Linkage)

SSNB will submit the year-end balance report for the customer's housing loan deduction to the National Tax Agency (tax office).The year-end balance report will be linked to the Myna Portal by the National Tax Agency (tax office).Customers can apply for My Number and housing loan deduction application to SSNB, and will be able to file an income declaration (deduction) through the Myna Portal during the final tax return and year-end adjustment period.

Image of the change to

Image of the change to "My Number Portal Linkage"

About SBI Sumishin Net Bank

SBI Sumishin Net Bank (“SSNB”) is an online bank that was founded in 2007 and became the first Japanese internet bank to be listed on the Tokyo Stock Exchange Standard Market in March 2023. By leveraging the most advanced technology solutions, SSNB offers safe, secure and convenient banking experience to its customers.

In the digital bank business, SSNB has now over 7 million customer accounts with over 9 trillion yen (*1) in deposits. It consistently ranks high in customer satisfaction by recognizing individual needs of different lifestyles and life stages as well as by offering a well-designed user interface and experience.

Its mortgage business, which has built on a unique business model, is the largest among Japanese banks in terms of the amount of newly originated mortgage loans (*2).

SSNB’s NEOBANK® is a full-service BaaS (banking as a service) product offering that enables its brand partners to offer a full range of banking services to their customers. As a pioneer in the sector, it boasts a number of BaaS partnerships with Japan’s leading brands and businesses.

SSNB is vigorously engaged in non-financial activities as well including data initiatives and carbon credit trading in an endeavor to balance business growth with social responsibility.

Moving forward, SSNB will remain committed to embracing corporate social responsibility and sustainable growth as a fintech that goes beyond banking services to realize a society where prosperity and abundance circulate driven by the power of technology and a spirit of fairness.
To learn more about SBI Sumishin Net Bank, please visit: www.netbk.co.jp/contents/company/en/

(*1) The number of deposit accounts is as of February 7, 2024, and the balance of deposits is as of December 11, 2023.
(*2) This statement is base on our research as of March 31, 2023, using data disclosed by multiple domestic banks including Resona Holdings, Sumitomo Mitsui Financial Group, Sumitomo Mitsui Trust Holdings, and Mizuho Financial Group, as well as our own.
(*3) NEOBANK® is a registered trademark of SBI Sumishin Net Bank. The Registered trademark number is 5953666.

Contact

For further information about this press release, please contact:
SBI Sumishin Net Bank, Public Relations
ir_csr_sdgs@netbk.co.jp

Note: This content has been translated from the Japanese original using artificial intelligence (AI) or machine translation technology for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.