Seven Bank, Ltd. (株式会社セブン銀行 Kabushiki-gaisha Sebun Ginkō) is a Japanese bank. It is a subsidiary of Ito-Yokado, along with Seven & I Holdings Co., Ltd. (parent company of 7-Eleven Japan and of Ito Yokado). Until October 11, 2005, it was IY Bank (アイワイバンク銀行 Ai-wai Banku Ginkō), taking its initials from Ito Yokado. Conducting its business primarily through the Internet, IY Bank has automatic teller machines in 7-Eleven convenience stores and Ito Yokado general-merchandise stores in Japan, and on April 27, 2005, opened its first branch with live staff. Customers with accounts at certain banks can process transactions at IY terminals at no cost; IY collects a handling fee from customers at other banks.