【Special Offer】Virtually Free Foreign Currency Exchange Fees from JPY to Designated Foreign Currency Time Deposits - Available only on weekdays - (Inquiry number:2104)
Campaign period
Campaign period : 9:00 a.m. Monday, July 3, 2023 - 17:00 Friday, September 29, 2023
The following time periods are excluded: 0:00 a.m.- 7:00 a.m. on Monday, and the entire days on Saturday and Sunday.
Summary of the campaign
Foreign exchange fees for exchanging yen to foreign currency time deposit will be virtually 0 yen, when you make deposits over 100,000 JPY per transaction from Yen Savings deposit to the designated Foreign Currency Time Deposit (US dollars, Australian dollars, or New Zealand dollars with a term of 3 months or longer) via Internet Banking on business days during the campaign period.
- The transactions during the time period from 0:00 a.m. to 7:00 a.m. on Monday, and the entire day on Saturday, Sunday are not applicable.
- The deposits from Foreign currency savings deposit to the Foreign currency time deposit are not applicable.
- We will return the foreign exchange fees for exchanging yen to foreign currency despot to your PowerFlex Yen savings account by the end of November, 2023.
Applicable currencies (target currencies) for this campaign
Applicable currencies: US Dollar, Australian Dollar, New Zealand Dollar
Applicable deposits period of Foreign Currency Time Deposits: 3 months, 6 months, 1 year, 2 years, 3 years and 5 years
- There are no limits to the number of transactions during the campaign period.
- Direct deposits from Yen savings deposit to the foreign currency time deposit will be applicable.
- The transactions made on the following national holidays, including Monday, 17 July, Friday, 11 August, Monday, 18 September will be applicable.
Channels
■ Internet banking (PowerDirect)
- Please make sure to choose Yen savings deposit account for the debit account when you make a deposit for foreign currency time deposit.
- The maximum amount allowed for the transaction from Yen savings deposit to the Foreign currency time deposit via Internet (PowerDirect) is the equivalent of 5 million yen per transaction. There is no daily maximum limit to the number of transactions you can make. Please also note the maximum amount allowed per transaction during the time period from around 7:00 a.m. Saturday to around 7:00 a.m. Monday (JST) is the equivalent of 2 million yen.
Please read this document carefully
Product Description (PDF)
Click here for a deposit
Log in to Internet Banking
Log in to Internet Banking
Other channels, Telephone Banking (PowerCall by operators) and Branches are only available in Japanese.
Please check Japanese page for other channels.
【Notes for this offer（inquiry number:2104）】
- Foreign currency time deposits applicable for the campaign will be restricted to US dollar, Australian dollar and New Zealand dollar with a term of 3 months or longer. Other Foreign currency time deposits will not apply.
Direct deposits from Yen savings deposit to the Foreign currency time deposit will be applicable. Deposits from Foreign currency savings deposit to the Foreign currency time deposit will not apply.
- Withdrawals from PowerBuilder and currency exchanges from JPY to target currencies for PowerSupport Plus are not applicable.
- The transactions during the time period from 0:00 a.m. to 7:00 a.m. on Monday and entire day on Saturday and Sunday are not applicable.
- When you cancel the Foreign currency time deposits before returning the exchange fee into your account, this campaign will not applicable.
- When you close your account, this campaign will not be applicable.
- We will return the foreign exchange fees for exchanging yen to foreign currency time despot to your PowerFlex Yen savings account by the end of November, 2023.
- You can concurrently enjoy the benefits for the Point Program \"Foreign currency deposit points that can be earned through exchanges from yen to foreign currencies\" and \"Foreign currency time deposit points that can be earned when you make a foreign currency time deposit\" (inquiry number: 5054) (Japanese only).
- The contents of and conditions for this campaign are as of July 3, 2023. The terms of this campaign may change or be terminated based on market conditions.
- When you have multiple offers/ programs available for your transaction, in principle you are requested to select one campaigns/ programs of your choosing. However, they may be some cases in which multiple campaigns/ programs may apply.
- There are some cases where other branches or online campaign/ programs offer different conditions other than this offer. In some cases better conditions/ premiums may apply for some campaigns/ programs.
- For more details about this campaign or other campaigns and programs, please check our campaign list or program list on our website (Japanese only) or contact our contact center (PowerCall).
Regarding foreign currency deposits
- As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign exchange deposits carry a risk of loss of yen denominated principal resulting from exchange rate fluctuations when converting foreign currencies back into yen.
- In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates. Customers are urged to confirm the foreign exchange rates to be applied to any such transactions.
- Foreign exchange fees apply when depositing/withdrawing yen into/out of foreign currency accounts. Unconventional currency exchange fees may be applied in the event of drastic foreign exchange rate fluctuations or when major markets are closed. The maximum rates of such one-way exchange fees and round-turn exchange fees are 5.5 yen per unit and 11 yen per unit respectively. For a direct non-yen cross currency exchange, the foreign exchange fees will be 0.02 multiplied by one of the currencies.
- There is a risk of loss of yen denominated principal due to the application of foreign currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate.
- Preferred rates of Step Up program are applied to transactions changing yen to a foreign currency and vice versa. (n.b. Preferred rates are not applicable to transactions between non yen foreign currencies or when the outstanding foreign currencies balance is converted to yen as part of closing an account. Additionally, preferred rates are not applicable in exchanging currencies or paying interest in the PowerSupport Plus program, or purchasing foreign currencies through the PowerBuilder program.)
- Foreign currency deposits are not guaranteed by deposit insurance.
- In principle, foreign currency denominated time deposits may not be cancelled before maturity. However, in the event the Bank recognizes extraordinary circumstances and deems the cancellation of foreign currency denominated time deposits before maturity as unavoidable, only principal amounts will be refunded (interest thereon will not be honored).
- Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%). The fractional figure of the after-tax interest rate shall be rounded down.
- Principal and interest of foreign currency time deposits shall be credited into PowerFlex savings deposits of the same currency on the maturity date without converting into another currency. The savings deposit interest rate for the same currency will be applied on and after the maturity date.
- Cash in foreign currencies and foreign currency remittances are not available at our branches.
- Fees will be charged for foreign currency remittances.
- Handling Fee will be charged for incoming foreign exchange remittances.
- Application to GoRemit overseas remittance service must be made before making foreign currency remittances.
- Before investing in foreign currency deposits customers should carefully read the product description of foreign currency deposits (pre-contract document) that is available in the Bank branches and online so that they can fully understand characteristics of the foreign currency deposits.
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株式会社SBI新生銀行 登録金融機関：関東財務局長（登金）第10号 加入協会：日本証券業協会・一般社団法人金融先物取引業協会
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