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*1 Buy / Sell FX *2 Foreign Currency Time Deposits /
Foreign Currency Deposit Service*2
Order Watch*2 Premium Deposit <Structured Deposit with FX Option>*2 Overseas Remittance
Currencies USD Prevailing Market Rate*3 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
*5
8:00 Monday-5:00 Saturday (Excluding 0:00-24:00 holidays)
*6
Hours of Service for Overseas Remittance
AUD
NZD
GBP
CAD
EUR
CHF
SGD NA NA*7
HKD Hours of Service for Overseas Remittance
CNY Publicly-Announced Rate*4 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*7
THB Prevailing Market Rate*3 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
ZAR 0:00-24:00
(Excluding maintenance hours)
*5
Hours of Service for Overseas Remittance
TRY NA NA*7
MXN Publicly-Announced Rate*4 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*3 0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
0:00-24:00
(Excluding maintenance hours)
*5
Hours of Service for Overseas Remittance
SEK Publicly-Announced Rate*4 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*7
DKK
  • *1Order Watch and Premium Deposit (Structured Deposit) are not available via PRESTIA Mobile.
  • *2Transactions for any amount greater than 50 million yen equivalent which is deposited from another currency cannot be executed at PRESTIA Online / PRESTIA Mobile.
  • *3Publicly-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.
  • *4The 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.
  • *5Transaction 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)
  • *6Excluding certain time periods, Japanese national holidays and December 31 through January 3. Transaction may be unavailable on overseas holidays due to market condition.
  • *7For further details regarding overseas remittance in THB, SGD, CNY, TRY, MXN, SEK and DKK, please contact our branch or PRESTIA Phone Banking.

Please note

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 and mini branches or by mail. The application process will take a few business days to conclude the contract.

Company Name: SMBC Trust Bank Ltd.

  • 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 obtained date.