How to participate in the Family and Friends Referral Program

The referrer (a customer who has an account with SMBC Trust Bank PRESTIA) gives his/her Referral Code to the referred person via email, etc., or gives the Customer Referral Form to the referred person after writing his/her Referral Code.

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The referred person (a customer newly opening an account) enters the Referral Code when opening an account online, or submits the Customer Referral Form at a branch.

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The referred person will receive a cash award of 5,000 yen if he/she meets the following condition after opening an account.

Deposit at least a prescribed minimum amount into a foreign currency savings deposit or foreign currency time deposit in one transaction^*

* Making deposits from another foreign currency is also eligible.

When the referrer meets the additional condition below, both the referrer and the referred person, as a pair, have a chance to win a Travel Gift Coupon in a drawing.

Deposit 10,000 yen or more in one transaction during the referred person's transaction period^*

* For details, please refer to the "Transaction Period/Benefit Awarding Period" section.

Eligible Customers

Referrer
Individual customers who have an account with SMBC Trust Bank PRESTIA

Referred person
Individual customers who do not have an account with SMBC Trust Bank PRESTIA

Cash Award

• Benefit
  Cash award of 5,000 yen to the referred person.
• Required conditions (Eligible customers must meet the following two conditions.)
  
  1. 1.Get the Referral Code^*1 from the referrer (a customer who has an account) and open a new account by registering^*2 the Referral Code.
  2. 2.The referred person (a customer who newly opened an account) must deposit at least a prescribed minimum amount^*3 into a foreign currency savings deposit or foreign currency time deposit in one transaction during the prescribed transaction period^*4. (Making deposits from another foreign currency is also eligible.)

1. *1Referrers can obtain the Referral Code by visiting a branch or calling PRESTIA Phone Banking.
2. *2When opening an account online, enter the Referral Code in the account opening application form. When opening an account at a branch, write the Referral Code in the Customer Referral Form and submit it to the bank staff.
3. *3The minimum deposit amount differs by currency.
4. *4Transaction period and benefit awarding period differ by the account opening month. Please refer to "Transaction Period/Benefit Awarding Period".

Minimum deposit amount by currency to be eligible for the program

Currency	Minimum deposit amount*
USD GBP EUR	2,000
AUD NZD CAD CHF SGD	3,000
NOK ZAR HKD TRY SEK DKK CNY (offshore)	30,000
THB MXN	80,000

• *In each currency. For example, the minimum deposit amount for USD is 2,000 dollars.

Travel Gift Coupon

• Benefit
  Both the referrer and the referred person have a chance to win a Travel Gift Coupon worth 50,000 yen each (100,000 yen in total). (One in 30 pairs wins Travel Gift Coupons every three months.)
• Required conditions
  

  Eligible customers must meet the following conditions. Note that the referrer has only up to five chances to win a Travel Gift Coupon in each month. (Even when the referrer refers six persons or more to the bank in one month, he/she only has five chances to win in the drawing for Travel Gift Coupons.)

  Referrer (customers who have an account)
  Must deposit 10,000 yen or more in one transaction during the referred person's (customers who newly opened an account) transaction period

  Referred person (customers who newly opened an account)
  Must meet the required conditions for the cash award

Transaction Period/Benefit Awarding Period

Timeline for account opening, transaction and benefit awarding periods

Account opening period	Transaction period	Benefit awarding period
January 1, 2023 to March 31, 2023	By the end of April after an account is opened	June of the same year

Benefit Awarding Method

• Cash Award
  Cash award will be deposited into the customer's Yen Savings Account during the applicable benefit awarding period.
• Travel Gift Coupon
  Winners will receive the Travel Gift Coupon by postal mail without any other announcement during the applicable benefit awarding period.
  Please note that we do not accept inquiries regarding the drawing results.

Notes about this program

• The benefits under this program are available only to individual customers.
• This program may not be combined with any other campaign or preferential program.
• Both referrer and referred person will not be eligilbe for this program if referred person fail to the referral code or submit the Customer Referral Form when they open an account. Please note that they will not be eligible even if they submit the Referral Code or the Customer Referral Form after an account is opened.
• Accounts that are closed before the cash award is deposited or the Travel Gift Coupon is mailed are not eligible.
• Please note that accounts opened by entering a wrong Referral Code or submitting a Customer Referral Form with incomplete entries may not be eligible.
• SMBC Trust Bank PRESTIA cannot provide any information about the referred person's account opening or transaction status to the referrer.
• Please contact your nearest tax office for details about how the awards should be handled in terms of taxations.
• Customers who are US persons (US citizens, US residents, or Green Card holders) should include this award amount into the annual reporting to IRS as your income.
• Please note that this program may be discontinued or changed at any time without prior notice for various reasons. Also note that similar programs or campaigns may be held after this one has ended.

Notes about Foreign Currency Deposits

This product entails some risks such as loss of principal in Japanese yen.
Please read "Information Memorandum and Pre-Contract Document" carefully and make sure you have full understanding of the product, associated risks, and commissions before making a transaction.

Risk of loss of principal

• There is no risk of a loss of principal in the deposited foreign currency, but the Yen-equivalent value of the deposited foreign currency amount may rise and fall due to FX fluctuations (foreign currency risk). The rate at which yen is converted into foreign currency (TTS rate) and vice-versa (TTB rate) each includes a foreign exchange commission set by SMBC Trust Bank. As a result, the amount in yen, including interest, that you receive may be smaller than the amount in yen at the time of deposit, resulting in a loss of principal, unless the yen depreciates against the foreign currency by a margin that exceeds the foreign exchange commission, and not only in the case that the yen appreciates against the foreign currency.

Commissions

• Foreign exchange commission: The exchange rate at which yen is converted into foreign currency (TTS rate) and vice-versa (TTB rate) includes a foreign exchange commission set by SMBC Trust Bank. (For US dollars, the foreign exchange commission is 1 yen per dollar when converting one way (i.e., from yen to dollar or dollar to yen) and 2 yen per dollar if converting into and subsequently out of yen or dollar.)
• Foreign currency cash handling charge: A foreign currency cash handling is charged on each deposit or withdrawal of cash in a foreign currency (2 yen per US dollar, and 3 yen per Euro).
• Because other commissions for fund transfer etc. differ according to conditions in transactions, we can't show information about them beforehand.
• Please inquire at a branch or via PRESTIA Phone Banking or see the Service Fee List for more information about each commission.

Other considerations

• Deposits in foreign currencies have country risks such as fluctuations in foreign currency rates, decreased liquidity, and the possibility for dysfunction in foreign exchange markets caused by changes in economic and political situations, as well as changes in regulations, etc. Certain transactions may also be restricted, such as a restriction on the withdrawal of deposits.
  Particularly, emerging-market currencies such as South African Rand (ZAR), Chinese Yuan (CNY), Turkish Lira (TRY), Mexican Peso (MXN), etc. have higher risk than currencies of developed countries. With regard to currency exchange, deposits, withdrawals, etc., such transactions may be restricted due to changes in regulations, etc.
  Furthermore, emerging-market currencies carry the risk of a high level of fluctuations in foreign currency rates due to the economic and political situation of countries which issue the currencies.
  Before transacting in emerging-market currencies, please be sure that you understand that transactions in these currencies have a relatively higher risk compared to transactions in the currencies of developed countries.
• Cancellation before maturity
  Foreign Currency Time Deposits
  Cancellation is not allowed before maturity, including Foreign Currency Time Deposits that have rolled over automatically, except that SMBC Trust Bank determines cancellation before the maturity date is unavoidable. Depositor may be required to pay settlement fee due to changes in financial circumstances, etc. .Step Up Time Deposit cannot be cancelled during the first six (6) months from the date of deposit.
  Premium Deposit<Structured Deposit with FX Option>
  Cancellation is not allowed before maturity except that SMBC Trust Bank determines cancellation before the maturity date is unavoidable.
  In the event SMBC Trust Bank accept cancellation, SMBC Trust Bank will pay the calculated amount which deducted settlement fee(or damages) from the amount of the principal and interest of the deposit to the Depositor's Saving Account in the deposit currency.
  Therefore, the amount after deducting settlement fee(or damages) may become less than the initial deposit amount.
• Foreign currency deposits are not covered by any deposit insurance.
• For transactions in ZAR, CNY, TRY, MXN, etc., the conditions may be restricted (the timing of deposits, withdrawals etc.). During Market contingency etc. which SMBC Trust Bank regards it as necessary, transactions in foreign currencies may be suspended without prior notice.
• There are cases where Remittances of CNY, TRY, MXN, etc., may not be offered. Please inquire at the branches, etc.
• In principle, interest is subject to a 20.315% withholding tax (National tax 15.315% and Local tax 5%) for individual customers. Foreign exchange gains are treated as miscellaneous income under the Japanese tax laws. Comprehensive income taxation applies to corporate customers. The tax rate etc. may change in the future due to reasons such as revision of tax laws.
• Interest and exchange rates change according to market conditions. Please be sure to contact an SMBC Trust Bank branch or access online banking etc. for the most up-to-date information.
• Please read "Information Memorandum and Pre-Contract Document" carefully and make sure you have full understanding of the product before making a transaction. To obtain this document, inquire at a branch or via PRESTIA Phone Banking.
• The Prevailing Market Rate is applied in principle when transactions are available via PRESTIA Online and PRESTIA Mobile. However, the publicly-announced rate (including foreign exchange commissions) is applied to all transactions in CNY, SEK, DKK, or MXN, and transactions in those currencies are not available on weekday nights and Japanese holidays.
• Customers performing foreign currency deposit transactions for the first time (including receiving the funds in foreign currency by fund transfer) will be required to conclude a PRESTIA MultiMoney Foreign Currency Savings Deposit Contract. (If a customer who has not concluded a PRESTIA MultiMoney Foreign Currency Savings Deposit Contract receives funds in a foreign currency, the funds will be converted to yen at SMBC Trust Bank's specified exchange rate, before being deposited in their account.) Applications can be submitted via online banking, at branches or by mail. The application process will take a few business days to conclude the contract.

Company Name : SMBC Trust Bank Ltd.

• Products and services including interest rates, fees, exchange rates etc. featured here are available for SMBC Trust Bank PRESTIA.
• Products and services featured here may not be purchasable or able to be provided to customers for various reasons determined by SMBC Trust Bank. We kindly request your understanding in advance.
• At SMBC Trust Bank PRESTIA, we use profiling (a series of questions related to asset management) to understand the amount of risk you are able to accept. The answers received in profiling, and the risk acceptable to the customer, are expressed numerically as a "customer risk tolerance (risk score)". Please be aware that investment in a product is not possible if the customer risk score is below the product risk level. Please note that the risk score is valid for 1 year from the date it was obtained through personal profiling.
• SMBC Trust Bank PRESTIA charges a monthly account maintenance fee to your account on the second business day of each month. Please note, however, that no such fee will be charged for the month in question if your Total Average Monthly Relationship Balance or other conditions satisfy specific requirements.

As of August 19, 2019