Sumitomo Mitsui Banking Corporation announced on the 5th that it will stop issuing paper promissory notes and checks to existing customers at the end of September 2025. Mitsubishi UFJ Bank and Mizuho Bank also plan to stop issuing paper promissory notes and checks during fiscal 2025, and companies will be asked to use alternative electronic payment methods and internet banking. There is a possibility that regional banks will follow suit in the future.

With the spread of internet banking, the use of paper bills and checks is declining. Paper bills and checks are at risk of theft or loss, and require time and cost to manage. The aim is to reduce these risks and hassle by digitizing. The Japanese Bankers Association also aims to fully digitize bill and check functions by the end of fiscal year 2014.

Sumitomo Mitsui Banking Corporation has already stopped issuing them to customers opening new current accounts. From October 2025, it will encourage electronic payment by charging a fee of 660 yen per transaction. The bank will accept bills and checks until the end of September 2026.