Overseas Fund Transfer (Electronic transfers)

There are various fees which may apply to your fund transfer.
Please refer to the explanation and illustration below to learn about the basic structure and fee that involve in an overseas fund transfer.

1. Overseas Fund Transfer Fee
   This is a handling fee paid to SMBC Trust Bank.
   The amount will vary depending on your account status and/or chosen channel.
   Overseas Fund Transfer (Electronic transfers) Fee
2. Foreign Exchange Fee
   This is a transaction fee for currency conversions.
   The TTS rate which is applied to currency conversion from Japanese yen to a foreign currency includes a foreign exchange fee.
   Foreign Currency Exchange Rates
3. Bank charges for the Banks Concerned
   This is a processing fee often charged by beneficiary and/or intermediary banks. In principle, it will be borne by the recipient as it is deducted from your remittance amount. The exact amount of the fee is unknown until it is actually processed as it may vary based on: the currency, policies of correspondent bank(s) involved, country and etc.
   As shown in the illustration below, funds sent from your account will go through a domestic intermediary bank before being passed on to an overseas correspondent bank. Therefore it may take several days for your funds to arrive in the beneficiary account.
   

Structure of making overseas fund transfers

• ※1Overseas fund transfer fees will be waived for PRESTIA DIGITAL GOLD, PRESTIA GOLD and PRESTIA GOLD PREMIUM customers.
  (For PRESTIA DIGITAL GOLD customers, the fee waiver is limited to online banking only.)
• ※2There are no foreign exchange fees when transferring funds in currencies already held in your account.
• ※3Bank charges for the Bank Concerned will not be waived since they are not our handling fee.
• ※4There may be more than one intermediary bank.

1. Charges for fund transfer
   This is a handling fee paid to the originating bank in overseas.
   Fees vary by financial institutions.
2. Foreign Exchange Fee
   This is a foreign exchange transaction fee for currency conversions.
   The TTB Rate which is applied to currency conversion from foreign currencies to Japanese yen includes a foreign exchange fee. If the fund is transferred in foreign currency to the Japanese yen savings account, the fund will be converted into Japanese yen at the TTB rate mentioned above.
3. Bank charges for the Banks Concerned
   This is a processing fee often charged by intermediary banks. In principle, it will be borne by the recipient as it is deducted from your remittance amount. The exact amount of the fee is unknown until it is actually processed as it may vary based on: the currency, policies of correspondent bank(s) involved, country and etc.
   As shown in the illustration below, funds sent from overseas account will go through an overseas intermediary bank before being passed on to a domestic intermediary bank. Therefore it may take several days for your funds to arrive to your account.

Structure of receiving overseas fund transfers

• ※1There is no exchange fee if you receive your funds in your PRESTIA MultiMoney Account in currencies available. Please be sure to have signed a PRESTIA MultiMoney Foreign Currency Saving Deposit contract in advance.
• ※2Bank charges for the Banks Concerned will not be waived since they are not our handling fee.
• ※3In principle, please provide the originating bank the domestic intermediary bank information when you make a fund transfer from overseas. For further information, please refer to "Required Information for Receiving Overseas Telegraphic Transfer" for details.
• ※4There may be more than one intermediary bank.

Countermeasures against "money laundering prevention," "terrorist financing prevention," and "economic sanctions"

Preventing the acts of money laundering, financing terrorists and responding to measures related to various economic sanctions in a world where the threats of terror against international communities is rising is becoming more and more important.
As the threat of organized crime and terrorist activities grows, the international community, including Japan, is working together to prevent and eradicate them.
We appreciate your understanding.

• Based on the relevant laws and regulations and their purpose, we may ask you about the background and details of your transaction, and review contracts and other documents related to your transaction.
• We may not be able to respond to your request or depending on the content of your confirmation, and it may take some time (in some cases more than one month) to review the details of your transaction.
• When responding to a request from the Bank, an employee has engaged in violence, intimidation, threats, coercion or other conduct that is deemed to be significantly inappropriate in terms of its content or nature in light of accepted social standards, or has engaged in other conduct that may be harmful to the safety or mental health of the employee in question, we may not be able to accept your request.

When you make overseas fund transfers, we may ask you to note the following points.

• We may ask you to show identification documents of the requester and the visitor.
• We may check the client's occupation and business content, details of the purpose of the transaction, the relationship with the recipient, the date of birth and nationality of the recipient, etc.
• Regarding the remittance fund funds, we may check the documents certifying the contents. More details..
• As a general rule, we ask that you record or copy the contents of your inquiry and the documents you submit.
• The payer/receiver (hereinafter referred to as the true remittance requestor/true remittance recipient) regarding the contract or transaction that causes the foreign remittance (hereinafter referred to as the original transaction), and the remittance requester or remittance recipient on the remittance request form if there is a discrepancy, we will confirm the details of the remittance by asking you to present documents that show the details of the original transaction.
• As a result of checking the remittance details, if there is no reasonable reason for the remittance requester or remittance recipient on the remittance request form to conduct the remittance transaction on behalf of the true remittance requester or the true remittance recipient, the remittance will be canceled.
• Thank you for your understanding as we may not be able to accept your request. Please note that in principle, we cannot accept remittances to financial institutions if there is a true recipient of the remittance.
• Please note that we may not be able to respond to your request or depending on the content of your confirmation.

When you receive overseas fund transfers,Please note that we will refuse your deposit and return your funds to remittance requester if any of the following conditions apply.

• If we are unable to contact the recipient
• If the Bank determines that the following circumstances apply to the information we have inquired about:
  - It falls under the prohibited acts of our deposit regulations (violating domestic and international laws and regulations (*1), using the account for a third party (*2), etc.).
  - We can't get a specific, rational (consistent and uncontradictory) answer.
  - You are unable to provide supporting documentation for your answer. More details.

• (*1)Including evasion of the law
• (*2)Including the relationship between you and the company you manage yourself

In order to comply with applicable laws and regulations such as the Foreign Exchange and Foreign Trade Act, SMBC Trust Bank takes measures to confirm that your overseas fund transfer transaction does not violate "regulations on trade-related payments" or "regulations on the purpose of use of funds".
For details on these regulations, please see the following links to the websites of the Ministry of Finance (Only in Japanese) and the Ministry of Economy, Trade and Industry.

Ministry of Finance Website

Ministry of Economy, Trade and Industry Website

In order to comply with the regulations of the U.S. Treasury Department's Office of Foreign Assets Control (OFAC), SMBC Trust Bank takes measures to confirm that your overseas fund transfer transaction does not violate OFAC regulations.
For details on these regulations, please see the following link to the OFAC website (in English).

OFAC Website