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This product entails some risks such as loss of principal. Please see here for the details.
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PRESTIA MultiMoney Foreign Currency Savings Deposit Navigator
Features of PRESTIA MultiMoney Foreign Currency Savings Deposit
Zero FX Commission
With online banking, no foreign exchange commission applies when purchasing foreign currencies from yen − free for all 17 currencies.*
- *For purchases from yen to foreign currency made at branches or by phone, the foreign exchange commission is waived for transactions of 3 million yen or more.
17 Currencies Available
Manage your assets in a variety of currencies, including US Dollar, Australian Dollar, New Zealand Dollar, British Pound, Canadian Dollar, Euro, Swiss Franc, Singapore Dollar, Hong Kong Dollar, Chinese Yuan Offshore, Thai Baht, and more.
Global Settlement Account
Use this account for overseas shopping payments, ATM withdrawals abroad, and sending or receiving foreign currencies. Enjoy convenient access to your funds for international transactions and travel.
Recommended For
Buy/sell or withdraw foreign currencies anytime
Shop in foreign currencies or withdraw at overseas ATMs
Send or receive funds
in foreign currencies
Transactions
Example of Managing a Foreign Currency Savings Deposit
Assumptions
Initial amount in yen: 1,500,000 yen
Currency: US Dollar
TTS rate at the time of deposit (rate for exchanging yen to foreign currency): 1 USD = 150 yen
01
Initial Deposit
Starting Amount
02
Deposit into US Dollar Savings Account
(Initial yen amount ÷ TTS rate at time of purchase)
Deposit Amount
03
TTB rate at the Time of Withdrawal
If yen weakens
TTB rate at the time of withdrawal
(rate for exchanging foreign currency to yen)
1 USD = 160 yen
Gain : 100,000yen
Calculation example :
10,000 USD × 160 yen = 1,600,000 yen
1,600,000 yen - 1,500,000 yen= 100,000 yen
If yen strengthens
TTB rate at the time of withdrawal
(rate for exchanging foreign currency to yen)
1 USD = 140 yen
Loss : 100,000yen
Calculation example :
10,000 USD × 140 yen = 1,400,000 yen
1,400,000 yen - 1,500,000 yen = △100,000 yen
Smart Ways to Use Your Foreign Currency
How to Utilize Foreign Currency Deposits
Manage Assets in Foreign Currency
Even after maturity, you can keep your funds in foreign currency and put them to work in a range of foreign currency deposits. Managing your assets in foreign currency lets you pursue return opportunities while managing exchange rate risk.
Spend Foreign Currency without Exchanging
With GLOBAL PASS®, you can make payments in foreign currency when shopping overseas and withdraw foreign currency cash from ATMs. Using foreign currency directly helps reduce foreign exchange costs.
Brief Description of Product
17 types of currency available. Useful for pooling your assets.
- Applicable currencies
-
USD, AUD, NZD, GBP, CAD, CHF, EUR, SGD, HKD, CNY*, THB, ZAR, TRY, MXN, NOK, SEK, DKK (Please note that there are cases where some currencies may not be offered due to the country's regulations and / or market conditions.)
*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. - Term availability
- No fixed deposit term.
- Deposit amount
- The second decimal place of one unit of the deposited foreign currency or above.
- Withdrawals
- Funds can be withdrawn at any time.
- Interest - Applicable rates
- Applicable interest rate will be changed according to market conditions without notice at any time and the new rate will be applied from the day on which the applicable rate is changed (Savings interest rate is floating rate.).
please refer to the link below.
- Interest payment method
- The interest due is added to the deposited principal every month.
The interest of the current month * is paid on the first business day of the following month. Withdrawing is available from the interest payment date.- *Interest calculation term is from the interest payment date of previous month to a previous date of the interest payment date of the current month.
For non-account holders
Available 24/7
FAQ
Please read before making any transactions.
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.
Please see here for the details of Risk of loss of principal, Commissions, Other considerations and available currencies, etc.