Currencies

US Dollar (USD), Australian Dollar (AUD), New Zealand Dollar (NZD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Swiss Franc (CHF), Singapore Dollar (SGD), Hong Kong Dollar (HKD), Chinese Yuan Offshore (CNY*), Thai Baht (THB), South African Rand (ZAR), Turkish Lira (TRY), Mexican Peso (MXN), Norwegian Krone (NOK), Swedish Krona (SEK), Danish Krone (DKK)

  • *SMBC Trust Bank handles Chinese Yuan offshore only and uses 'CNY' to denote RMB(Renminbi) funded in the offshore market, based on the currency code used on the global settlement system, while onshore RMB circulates on Mainland China.
  • Please note that some currencies may not be offered in certain transactions and certain periods via online banking.
    For the details, please refer to the following information.

Handling of each currencies at online banking

  Service hours
  Currency Code Applied exchange rate at PRESTIA Online / PRESTIA Mobile Buy / Sell FX *1 Foreign Currency Time Deposits /
Foreign Currency Deposit Service*1
Order Watch*1 Premium Deposit <Structured Deposit with FX Option>*1 Overseas Remittance
Currencies USD Prevailing Market Rate*2 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
*4
8:00 Monday-5:00 Saturday (Excluding 0:00-24:00 holidays)
*5
Hours of Service for Overseas Remittance
AUD
NZD
GBP
CAD
EUR
CHF
SGD NA
HKD
CNY Publicly-Announced Rate*3 Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
NA NA*6
THB Prevailing Market Rate*2 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
Hours of Service for Overseas Remittance
ZAR 0:00-24:00
(Excluding maintenance hours)
*4
TRY NA NA*6
MXN Publicly-Announced Rate*3 Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
NOK Prevailing Market Rate*2 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
*4
Hours of Service for Overseas Remittance
SEK Publicly-Announced Rate*3 Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
Business days 7:30-22:30
Saturday 5:00-24:00
Sunday 0:00-24:00
(Excluding holidays, maintenance hours)
NA NA*6
DKK
  • *1Transactions for any amount greater than 50 million yen equivalent which is deposited from another currency cannot be executed at PRESTIA Online / PRESTIA Mobile.
  • *2Publicly-Announced Rate (referred to as "Counter Rate" at PRESTIA Online / PRESTIA Mobile), which includes exchange commissions, is applied on weekends and holidays or when Prevailing Market Rate (referred to as "Market Rate" at PRESTIA Online / PRESTIA Mobile) is not available.
  • *3The 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.
  • *4Transaction may be unavailable on overseas holidays due to market condition. Also, transactions will not be monitored to see whether they reached the order rate when Prevailing Market Rate is not available. (Ex. 5 a.m. on Saturday -7 a.m. on Monday or Year-end/New Year holidays)
  • *5Excluding certain time periods, Japanese national holidays and December 31 through January 3. Transaction may be unavailable on overseas holidays due to market condition.
  • *6For further details regarding overseas remittance in CNY, TRY, MXN, SEK and DKK, please contact our branch or PRESTIA Phone Banking.

Notes about Foreign Currency Deposits

Please read the latest "Information Memorandum and Pre-Contract Document" before making transactions. This document can be found on "List of Product Information Memoranda".

Risk of Loss of Principal

  • Foreign currency deposits entail a risk of FX fluctuations. Due to the market volatility, the amount in yen that you receive may be smaller than the amount in yen at the time of deposit, resulting in a loss of principal.
  • The TTS rate (the rate at which yen is converted into foreign currency) and the TTB rate (vice-versa) are different (e.g. for US dollar, the difference is 2 yen per dollar). 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, even if foreign exchange rates do not fluctuate.

Risk of Loss of Principal

  • Foreign currency deposits entail a risk of FX fluctuations. Due to the market volatility, the amount in yen that you receive may be smaller than the amount in yen at the time of deposit, resulting in a loss of principal.
  • The TTS rate (the rate at which yen is converted into foreign currency) and the TTB rate (vice-versa) are different (e.g. for US dollar, the difference is 2 yen per dollar). 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, even if foreign exchange rates do not fluctuate.

Commissions

  • Foreign exchange commission: TTS rate and TTB rate include a foreign exchange commission set by SMBC Trust Bank. (For US dollars, maximum of 1 yen per dollar to convert 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 fee: Fee 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 transaction fees for fund transfer etc. differ according to each transaction, we can't list all beforehand.
  • For more details, please contact our branches or call us, or see the Service Fee List.

Commissions

  • Foreign exchange commission: TTS rate and TTB rate include a foreign exchange commission set by SMBC Trust Bank. (For US dollars, maximum of 1 yen per dollar to convert 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 fee: Fee 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 transaction fees for fund transfer etc. differ according to each transaction, we can't list all beforehand.
  • For more details, please contact our branches or call us, or see the Service Fee List.

Other considerations

  • 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. The application process will take a few business days, so please apply well in advance at branches, via online banking, or by mail.
  • Cancellation of Foreign Currency Time Deposit is not allowed before maturity, including those that have rolled over automatically, except that SMBC Trust Bank determines cancellation is unavoidable. In the event that cancellation is determined unavoidable, depositor may be required to pay settlement fee due to changes in financial circumstances, etc. "Step Up Time Deposit" can be cancelled after the first 6 months from the date of deposit.
  • Foreign Currency Deposits are not covered by any deposit insurance.
  • Interest rates and exchange rates may fluctuate due to market conditions. Please check the latest information at our branches or via the bank's Website, 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.
  • Currencies of emerging countries involve more risks than those of developed countries.
  • 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.
  • When transactions using online banking are available, the Prevailing Market Rate is applied in principle. The publicly-announced rate which includes foreign exchange commission applies to transactions in CNY, SEK, DKK, or MXN regardless of the transaction amount. These currencies above are not available during weekday nights and Japanese holidays.
  • Please receive and read the latest "Information Memorandum and Pre-Contract Document" within one year before investing in Foreign Currency Time Deposit and Foreign Currency Deposit Service.
  • 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. It's required that you conduct Personal Profiling and have the Risk Score 1 or higher within one year before investing in this product.

Other considerations

  • 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. The application process will take a few business days, so please apply well in advance at branches, via online banking, or by mail.
  • Cancellation of Foreign Currency Time Deposit is not allowed before maturity, including those that have rolled over automatically, except that SMBC Trust Bank determines cancellation is unavoidable. In the event that cancellation is determined unavoidable, depositor may be required to pay settlement fee due to changes in financial circumstances, etc. "Step Up Time Deposit" can be cancelled after the first 6 months from the date of deposit.
  • Foreign Currency Deposits are not covered by any deposit insurance.
  • Interest rates and exchange rates may fluctuate due to market conditions. Please check the latest information at our branches or via the bank's Website, 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.
  • Currencies of emerging countries involve more risks than those of developed countries.
  • 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.
  • When transactions using online banking are available, the Prevailing Market Rate is applied in principle. The publicly-announced rate which includes foreign exchange commission applies to transactions in CNY, SEK, DKK, or MXN regardless of the transaction amount. These currencies above are not available during weekday nights and Japanese holidays.
  • Please receive and read the latest "Information Memorandum and Pre-Contract Document" within one year before investing in Foreign Currency Time Deposit and Foreign Currency Deposit Service.
  • 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. It's required that you conduct Personal Profiling and have the Risk Score 1 or higher within one year before investing in this product.

Notes about Premium Deposit

This product is a structured deposit whereby the exchange rate at maturity determines the currency in which you receive your deposit principal.

Premium Deposit is not suitable for customers to whom the following conditions apply.

  • Customers to whom currency exchange is an absolute priority.
  • Customers who do not wish to absorb a loss in their invested principal.
  • Customers who do not wish to be exposed to the risk of foreign currency exchange rate fluctuations.

Premium Deposit entails some risks such as loss of principal in the original deposit currency and/or Japanese yen.
Please receive and read the latest "Information Memorandum and Pre-Contract Document" within one year before making transactions. This document can be found on "List of Product Information Memoranda".

Risk of Loss of Principal

  • Due to the FX market volatility, the amount in the deposited currency (and/or in yen) that you receive may be smaller than the amount in the deposited currency (and/or in yen) at the time of deposit, resulting in a loss of principal.

Risk of Loss of Principal

  • Due to the FX market volatility, the amount in the deposited currency (and/or in yen) that you receive may be smaller than the amount in the deposited currency (and/or in yen) at the time of deposit, resulting in a loss of principal.

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 fee: Fee is charged on each deposit or withdrawal of cash in a foreign currency (2 yen per US dollar, and 3 yen per Euro).
  • Because commissions e.g. fund transfer differ according to each transaction, we can not list all beforehand.
  • For more details, please contact our branches or call us, or see the Service Fee List.

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 fee: Fee is charged on each deposit or withdrawal of cash in a foreign currency (2 yen per US dollar, and 3 yen per Euro).
  • Because commissions e.g. fund transfer differ according to each transaction, we can not list all beforehand.
  • For more details, please contact our branches or call us, or see the Service Fee List.

Other considerations

  • 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.
  • Deposit Insurance
    [Deposit in Yen]: Deposit is covered by Deposit Insurance and only the principal up to 10 million yen totalling all deposits you have with us that are in the scope of Deposit Insurance and interest until the insurable contingency are covered by Deposit Insurance. The right of FX Option will be extinguished and this product will be converted to the Yen time deposit with the interest rate for which is separately stipulated mentioned above. In the case where the principal is converted to foreign currency, it is not covered by Deposit Insurance after the principal is deposited into Foreign Currency Savings Account.
    [Deposit in Foreign Currency]: Deposit is not covered by Deposit Insurance. In the case where the principal is converted to Yen, it is covered by Deposit Insurance after the principal is deposited into PRESTIA MultiMoney Yen Savings Account.
    [Cross Currency Type]: Deposits are not covered by Deposit Insurance during deposit or after maturity.
  • Interest rates and exchange rates may fluctuate due to market conditions. Please check the latest information at our branches or via the bank's Website, 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.
  • The payment will be made by crediting the proceeds of the principal and interest as of the maturity date into the PRESTIA MultiMoney Savings Account of the respective currency on the maturity date or the following bank business day. The savings interest rate will apply to the deposit on and after the maturity date.
  • In case of US residents, we may not be able to accept your application.
  • 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. It's required that you conduct Personal Profiling and have the Risk Score 2 or higher within one year before investing in this product.

Other considerations

  • 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.
  • Deposit Insurance
    [Deposit in Yen]: Deposit is covered by Deposit Insurance and only the principal up to 10 million yen totalling all deposits you have with us that are in the scope of Deposit Insurance and interest until the insurable contingency are covered by Deposit Insurance. The right of FX Option will be extinguished and this product will be converted to the Yen time deposit with the interest rate for which is separately stipulated mentioned above. In the case where the principal is converted to foreign currency, it is not covered by Deposit Insurance after the principal is deposited into Foreign Currency Savings Account.
    [Deposit in Foreign Currency]: Deposit is not covered by Deposit Insurance. In the case where the principal is converted to Yen, it is covered by Deposit Insurance after the principal is deposited into PRESTIA MultiMoney Yen Savings Account.
    [Cross Currency Type]: Deposits are not covered by Deposit Insurance during deposit or after maturity.
  • Interest rates and exchange rates may fluctuate due to market conditions. Please check the latest information at our branches or via the bank's Website, 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.
  • The payment will be made by crediting the proceeds of the principal and interest as of the maturity date into the PRESTIA MultiMoney Savings Account of the respective currency on the maturity date or the following bank business day. The savings interest rate will apply to the deposit on and after the maturity date.
  • In case of US residents, we may not be able to accept your application.
  • 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. It's required that you conduct Personal Profiling and have the Risk Score 2 or higher within one year before investing in this product.