【IMPORTANT NOTICE】Purpose of Remittance regarding Registered Overseas Payee

December 25, 2023

Dear Customer,

Thank you very much for banking with SMBC Trust Bank.

In light of the increasing demand for enhanced measures against money laundering and the financing of terrorism, when requesting an overseas remittance via PRESTIA Online, PRESTIA Mobile or SMBC Trust Banking App (hereafter online banking) after the middle of March in 2024, remittance other than the registered remittance purpose will no longer be accepted. Even if the payee is already registered but the purpose of remittance is different, you need to register the same payee with the applicable purpose of remittance.

Until August 2019, we did not require customers to register the remittance of purpose when registering an overseas remittance payee. However, after the middle of March 2024, we will register "Purpose of this Remittance" you select when making an overseas remittance via online banking to such a payee. Thereafter, even if the payee is the same but the purpose of remittance is different, you need to register the payee, separately. You can register the overseas remittance via online banking or mail. For more information, please press here.

We may ask you the details of the purpose when we accept the remittance.
Please note that the process may take some time as we confirm the details of the remittance.

We appreciate your understanding.

SMBC Trust Bank Ltd.