Summary of Foreign Currency Deposits

Deposit which is to be deposited in foreign currency. The interest rate is determined by deposit currency, term, etc. and interest is paid in deposited foreign currency. Depositing / Withdrawal is to be made from / to foreign currency in principle. Starting / Withdrawing the deposit from / to Yen is also accepted.

Commission

  • The rate at which Yen is converted to another currency (TTS rate) and the rate at which a foreign currency is converted to Yen (TTB rate) for each includes the foreign exchange commission prescribed by SMBC Trust Bank (Please refer to the following description of commission). As a result, loss of principal and interest may occur when the Yen does not fall against the foreign currency by a margin that exceeds the foreign exchange commission, not only in the case that deposit currency depreciates against Yen.
  • When you deposit / withdraw foreign currency cash, handling charges (2 yen per US dollar, 3 yen per euro) will be applied. For more details, please refer to Service Fee List.

Foreign Exchange commission (Yen per 1 foreign currency)

USD / AUD / NZD / GBP / CAD / CHF / EUR / SGD / TRY
1 yen for conversion to or from 1 foreign currency;
2 yen for conversion to and from 1 foreign currency
HKD / ZAR / CNY
0.40 yen for conversion to or from 1 foreign currency;
0.80 yen for conversion to and from 1 foreign currency
NOK / SEK / DKK / MXN
0.30 yen for conversion to or from 1 foreign currency;
0.60 yen for conversion to and from 1 foreign currency
THB
0.08 yen for conversion to or from 1 foreign currency;
0.16 yen for conversion to and from 1 foreign currency
  • *Commission is subject to change without notice any time.
  • *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.

Designated Dispute Resolution Organization

Japanese Bankers Association
Contact : JBA Customer Relations Center Phone : 0570-017109 or 03-5252-3772

Related Approved Investor Protection Association

None

Other important notice

  • 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.
  • Deposit to emerging-market countries' currencies has relatively higher risks than those of the 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.

SMBC Trust Bank Ltd.
1-3-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005 (Inside of SMBC East Tower)