SBI SHINSEI BANK

This campaign has ended at 17:00 on December 17, 2021.
Please check our current campaigns or programs (Japanese only).

Special Offer

(Inquiry number: 2013)

Withdrawals from PowerBuilder and currency exchanges from JPY to target currencies for PowerSupport Plus are not applicable.

Summary of the campaign

During the campaign period (excluding the period from 7:00 a.m. Saturday to 9:00 a.m. Monday), foreign exchange fees for exchanging yen to US dollars, Australian dollars, and New Zealand dollars via telephone banking (PowerCall) or Internet banking (PowerDirect) will be 0 yen.

Campaign period : 9:00 a.m. Monday, December 6, 2021 - 17:00 Friday, December 17, 2021

Please note that the transactions from 7:00 a.m. Saturday to 9:00 a.m. Monday are not applicable.

- The foreign exchange fee for exchanging yen per basic currency unit to the target three currencies (one-way) will be 0 yen. (Regular foreign exchange fees will apply for conversions from the target three currencies to yen.)

- There are no limits on the amount or number of transactions during the campaign period.

- If you currently have a PowerFlex account, you can start foreign currency deposit transactions anytime without any special procedures.

Applicable currencies (target currencies) for this campaign

Foreign exchange fees for exchanging from yen savings deposit to foreign currency deposit of the three target currencies will be 0 yen.

1. Exchanging funds from yen savings deposit to foreign currency deposit for the three target currencies.

2. Deposit funds from yen savings deposit to the 2 weeks maturity foreign currency deposit or foreign currency time deposit*for the designated 3 currencies.

* The following foreign currency time deposits are applicable for this campaign.
Foreign currency time deposit, Foreign currency time deposit with special interest rate plan, Large amount foreign currency time deposit (Japanese only), Power Support Plus

- Withdrawals from PowerBuilder and currency exchanges from JPY to target currencies for PowerSupport Plus are not applicable.

- If you would like to make a transaction via internet banking (PowerDirect), please transfer your funds from yen savings deposit to 2 weeks maturity foreign currency deposit or foreign currency time deposit directly. Refer to our operation guide for details.

- For foreign currency time deposit, 2 weeks maturity foreign currency deposit or Power Support Plus, make sure to choose your Yen Savings Deposit account for the Debit account.

Foreign exchange fees for transactions from Yen to a target currency per one basic currency unit

(As of December 6, 2021)

Target currencies and
transactions
Per one basic currency,
one-way
Campaign period Regular Time
Platinum Gold Standard
Yen → USD

0yen

0.07yen 0.09yen 0.15yen
Yen → AUD 0.10yen 0.16yen 0.20yen
Yen → NZD 0.10yen 0.16yen 0.20yen

- Our regular foreign exchange fees will be applied to transactions other than the aforementioned transactions.
- This campaign does not recommend or suggest any suitable time for currency trading to our customers.
Transactions must therefore be conducted at the customers' own discretion.

Eligibility requirements for Step Up Program →

Check our current exchange rate and interest rate

Channels

■ Internet banking (PowerDirect)

Click here for foreign currency deposits

- For Foreign currency time deposit, 2 weeks maturity foreign currency deposit or Power Support Plus, make sure to choose Yen savings deposit account for the debit account.
- The maximum amount allowed for the transaction between Yen and Foreign Currency via Internet (PowerDirect) is the equivalent of 5 million yen per transaction. There is no daily maximum limit to the number of transactions you can make. Minimum amount of at least 1,000 yen is required per transaction.

■ Telephone Bankng (PowerCall)

Customer identification is required. Please have your branch number, account number and 4-digit PIN code at hand.

1.Exchange yen savings deposit to foreign currency deposit for the three target currencies
Automated voice system (Foreign currency buying and selling)

0120-456-507 (24hrs/365days, Toll-free )

The following transactions listed below are not available via Automated voice system (Foreign currency buying and selling)

(Not available via automated voice system)
Deposit funds from yen deposit to the 2 weeks maturity foreign currency deposit or foreign currency time deposit for the three target currencies

- The maximum amount allowed per single transaction between Yen and Foreign Currency via PowerCall (Automated Voice System) is the equivalent of 5 million yen per transaction. There is no daily maximum limit to the number of transactions you can make. Minimum amount per transaction should be at least 1,000 yen.

Other channels, Telephone Banking (PowerCall by operators) and Branches are only available in Japanese.
Please check Japanese page for other channels.

Please note: When purchasing or selling foreign currency via PowerDirect or PowerCall (automated voice), there is a maximum volume limit per single transaction. There is no daily maximum limit to the number of transactions you can make.

Transactions between Yen and Foreign Currency

- Minimum amount of at least 1,000 yen
- For PowerDirect and PowerCall (automated voice), the maximum amount allowed is the equivalent of 5 million yen (or the equivalent of 2 million yen when foreign currency markets are closed). For PowerCall (operator), there is no maximum amount.

However, this does not apply to cases including termination of a Foreign Currency Savings Deposit through PowerCall (operators).

【Notes for this offer(inquiry number:2013)】

  • US dollars, Australian dollars and New Zealand dollars are the target currencies of the campaign. Foreign exchange fees for exchanging yen to the foreign currencies will be 0 yen.
  • The foreign exchange fee for exchanging yen per basic currency unit to the target three currencies (one-way) will be zero. (A regular foreign exchange fee will be charged to conversions of the target three currencies to yen.)
  • Withdrawals from PowerBuilder and currency exchanges from JPY to target currencies for PowerSupport Plus are not applicable.
  • Please note that the transactions from 7:00 a.m. Saturday to 9:00 a.m. Monday are not applicable.
  • The contents of and conditions for this campaign are as of December 6, 2021. The terms of this campaign may change or be terminated based on market conditions.
  • You can concurrently enjoy the Point Program "Foreign currency deposit points that can be earned through exchanges from yen to foreign currencies "(inquiry number: 5054)(Japanese only).
  • You can concurrently enjoy Course B of the Yen Time Deposit Set Plan (inquiry number: 5014)(Japanese only).
  • When you have multiple offers/ programs available for your transaction, in principle you are requested to select one campaigns/ programs of your choosing. However, they may be some cases in which multiple campaigns/ programs may apply.
  • There are some cases where other branches or online campaign/ programs offer different conditions other than this offer. In some cases better conditions/ premiums may apply for some campaigns/ programs.
  • For more details about this campaign or other campaigns and programs, please check our campaign list or program list on our website (Japanese only) or contact our contact center (PowerCall).

Regarding foreign currency deposits

  • As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign exchange deposits carry a risk of loss of yen denominated principal resulting from exchange rate fluctuations when converting foreign currencies back into yen.
  • In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates. Customers are urged to confirm the foreign exchange rates to be applied to any such transactions.
  • Foreign exchange fees apply when depositing/withdrawing yen into/out of foreign currency accounts. Unconventional currency exchange fees may be applied in the event of drastic foreign exchange rate fluctuations or when major markets are closed. The maximum rates of such one-way exchange fees and round-turn exchange fees are 5.5 yen per unit and 11 yen per unit respectively. For a direct non-yen cross currency exchange, the foreign exchange fees will be 0.02 multiplied by one of the currencies.
  • There is a risk of loss of yen denominated principal due to the application of foreign currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate.
  • Preferred rates of Step Up program are applied to transactions changing yen to a foreign currency and vice versa. (n.b. Preferred rates are not applicable to transactions between non yen foreign currencies or when the outstanding foreign currencies balance is converted to yen as part of closing an account. Additionally, preferred rates are not applicable in exchanging currencies or paying interest in the PowerSupport Plus program, or purchasing foreign currencies through the PowerBuilder program.)
  • Foreign currency deposits are not guaranteed by deposit insurance.
  • In principle, foreign currency denominated time deposits may not be cancelled before maturity. However, in the event the Bank recognizes extraordinary circumstances and deems the cancellation of foreign currency denominated time deposits before maturity as unavoidable, only principal amounts will be refunded (interest thereon will not be honored).
  • Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%). The fractional figure of the after-tax interest rate shall be rounded down.
  • Principal and interest of foreign currency time deposits shall be credited into PowerFlex savings deposits of the same currency on the maturity date without converting into another currency. The savings deposit interest rate for the same currency will be applied on and after the maturity date.
  • Cash in foreign currencies and foreign currency remittances are not available at our branches.
  • Fees will be charged for foreign currency remittances.
  • Handling Fee will be charged for incoming foreign exchange remittances.
  • Application to GoRemit overseas remittance service must be made before making foreign currency remittances.
  • Before investing in foreign currency deposits customers should carefully read the product description of foreign currency deposits (pre-contract document) that is available in the Bank branches and online so that they can fully understand characteristics of the foreign currency deposits.