business

Shinsei Bank decides to launch defense against SBI's takeover

13 Comments

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Shinsei bank sucks! They pulled a switcharoo on all its foreign customers. It was a scam to collect foreigner's personal data abroad on behalf of the J-gov.

5 ( +7 / -2 )

Shinsei isn't as foreigner friendly as it was in the past - it annoys me that they don't even make the effort anymore to promote products to foreigners, even credit cards. It's home loan process is slow and cumbersome and just plain weird compared to other banks. But I have used them for years and as a standard bank they are OK. Better than Rakuten bank which puts gambling adverts in every email - shocking.

5 ( +6 / -1 )

I have had a Shinsei account for about five years or a little more. They are always changing but still a good place for banking and especially internet banking. Their emails are ok. I have never used it overseas. I mostly use it for my pension payments and dollars from America.

0 ( +2 / -2 )

Shinsei was great 15 years ago. Their service has only got worse and worse over the years.

3 ( +4 / -1 )

At Zichi: If you use Shinsei for remittances of pensions and dollars from America then you are American and not British but can you be both? Just curious. Not hunting for private info.

Does not the Shinsei Bank pass on your dollar dealings to the Japanese tax people and make you declare it as income and taxable?

-2 ( +1 / -3 )

ShinkansenCaboose

At Zichi: If you use Shinsei for remittances of pensions and dollars from America then you are American and not British but can you be both? Just curious. Not hunting for private info.

Does not the Shinsei Bank pass on your dollar dealings to the Japanese tax people and make you declare it as income and taxable?

Confused again. Probably tired from travelling I guess? My Japanese pension gets paid into my Shinsei account. Dollars from America are sometimes paid into my Sheisei dollar account otherwise my dollar account at the MUFG bank.

Does the Shinsei or MUFG inform the Japanese tax about my dollars? No, I don't think so. The tax on all my money depends on where it's coming from and what for. I'm self-employed, so I deal with my business that way.

Has for your question I could be dual nationality British American. like my mother was, but I am not.

0 ( +2 / -2 )

@Zichi: yea often get confused, it not from traveling as we plan ample time to catch trains etc., but when traveling I depend on my most significant other as she is brilliant. I ATM it, she does the planning. I could never compete in reading skills in this language with her. I learn daily.

Income from various sources and taxation is confusing though.

Am happy you are able to do that through your business.

-2 ( +2 / -4 )

ShinkansenCaboose

I wish Japan would clarify nationality situations. They wink at those that don’t declare another nationality when getting a new Japanese passport but the box asking you if you have another passport are outlined in fat red lines and warn about if you lie it is jail time.

The situation is clarified about dual nationality. If you are Japanese, you are supposed to have no other nationality. However, if you do, there is no penalty and no one is going to jail. In some countries, like Argentina, it's illegal to surrender your nationality.

Income from various sources and taxation is confusing though.

Why different sources of income may require different taxes. Money from working or business is the income tax. Inherited money requires a different tax and is calculated differently from income tax. Gift money is another.

0 ( +2 / -2 )

Since I don't own any Shinsei bank stock I don't care much about a bank takeover.

0 ( +3 / -3 )

Reckless

I'm only a customer, not a stockholder. I have no vote.

0 ( +1 / -1 )

ShinkansenCaboose

do you have an account? Do you hold any stock?

0 ( +0 / -0 )

They are going to have countless meetings in order to schedule another meetings for discussing this issue via to be planed meetings.

Naturally the invites, will be send only via Faxes, for security reasons, and approved only by each member's original hanko, not the copy one.

-1 ( +1 / -2 )

If SBI takes over, maybe they will improve the user interface of online banking and improve the mobile app.

1 ( +1 / -0 )

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