Foreign Currency Term Deposits

Fees and applicable rates

Since the amount of fees differ depending on the method of deposit / withdrawal or type of currency, the Bank cannot present in advance the amount and maximum amount of fees, or the method of calculation.

For more details, please refer to “Fees and Applicable Rates concerning Deposit and Withdrawal of Foreign Currency Deposits” as described below. 

Handling of early withdrawal

In principle, the Bank does not accept early withdrawals.   However, if the Bank deems it unavoidable and accepts to conduct early withdrawals due to unavoidable circumstances, the early withdrawal rate prescribed by the Bank will be applied and the customer will be charged a handling fees (if the Bank bears any financial costs, then those costs will be charged separately).  No interest will accrue if the period of deposit is less than one (1) month (Please note that withdrawals prior to the first maturity date are unacceptable in case the application to establish the relevant deposit was made during a campaign).  The early withdrawal rate and handling fees are as follows:

   * Applicable interest rate: interest rate of the deposit - 3% (it will be 0% if the calculated result is less than 0%)

   * Handling fees: JPY 5,250

   * Applicable interest rate: 0%

   * In addition to the above, foreign currency handling fees at a rate of 0.2% of the principal and interest withdrawn will be charged.

   * Handling fees: JPY 5,250

Other referential issues

This deposit is the Bank’s liability.   There is a possibility that all or a part of the principal will not be refunded if the Bank becomes unable to perform its liabilities due to its own financial conditions. 

Method of deposit and withdrawal

Fees, interest rates, etc.

Deposit

Deposit by way of cash denominated in yen

Money transfer from yen-denominated deposit

When yen-denominated amount is converted to foreign currency (at the time of deposit), TTS rate, which is the exchange rate inclusive of fees, will apply.   Foreign exchange fees are included in TTS rate. 

There are two (2) types of foreign exchange fees:

(1) Standard foreign exchange fee: This applies to ordinary foreign exchange transactions.   Specifically, the amount will be: JPY 0.95 per AUD 1, JPY 0.95 per NZD 1, JPY 0.95 per GBP 1, JPY 0.80 per USD 1, JPY 0.80 per EUR 1, JPY 0.80 per CHF 1 and JPY 0.80 per CAD 1. 

(2) Official discount foreign exchange fee (Rate B): This rate applies to a) foreign exchange transactions worth JPY 10 million or more; b) yen amount which are credited to foreign currency ordinary deposit; or c) deposits which are made to the foreign currency ordinary deposit and are converted to yen after elapse of three (3) months or more from the deposit.   Specifically, the amount will be: JPY 0.75 per AUD 1, JPY 0.75 per NZD 1, JPY 0.75 per GBP 1, JPY 0.50 per USD 1, JPY 0.50 per EUR 1, JPY 0.50 per CHF 1, and JPY 0.50 per CAD 1.

For more specific details please refer to the exchange rate chart the Bank’s website.   Please note that foreign exchange fees will be revised from time to time.

During campaigns, the Bank may apply special terms and conditions for exchange purchase fees at the time of establishment of the foreign currency term deposit, and those terms and conditions will vary depending on each campaign.   The foreign exchange fees applicable during the campaign will only apply to purchasing transactions, and foreign exchange fees described in either (1) or (2) above will apply for selling transactions.

Deposit by way of cash denominated in foreign currency

The Bank does not accept deposit by way of cash denominated in foreign currency.

Deposit by way of foreign currency T/C

The Bank does not accept deposit by way of foreign currency T/C.

Transfer from the customer’s own foreign currency deposit

No fees will be charged for the money transfer using the same-currency denominated amount in the customer’s foreign currency deposit.  

Cross-currency fees will be charged for money transfers to other foreign currencies within the customer’s account.   The cross-currency fees apply when the money in one foreign currency is directly converted to another foreign currency, and the amounts are: 0.0075 USD per AUD 1, 0.0100 USD per EUR1, 0.0116 USD per GBP 1, 0.0075 USD per NZD 1, 0.0110 CAD per USD 1, and 0.0080 CHF per USD 1 (these are one-way exchange fees incurred at the time of deposit and withdrawal, respectively).

The foreign exchange fees will be automatically calculated for other currency combinations in accordance with the above rates.   For more details, please contact the Bank.

Deposit by foreign currency remittance from other financial institutions

The Bank does not charge any remittance fees upon acceptance of deposit.

If the remitted foreign currency is deposited after converting to a different foreign currency, the customer is required to pay cross-currency fees.   The cross-currency fees apply when the money in one foreign currency is directly converted to another foreign currency, and the amounts are: 0.0075 USD per AUD 1, 0.0100 USD per EUR 1, 0.0116 USD per GBP 1, 0.0075 USD per NZD 1, 0.0110 CAD per USD 1, and 0.0080 CHF per USD 1 (these are one-way exchange fees incurred at the time of deposit and withdrawal, respectively).

The foreign exchange fees will be automatically calculated for other currency combinations in accordance with the above rates.   For more details, please contact the Bank.

With-

drawal

Withdrawal by transfer to designated account in yen

When foreign currency-denominated amount is converted to yen (at the time of withdrawal), TTB rate, which is the exchange rate inclusive of fees, will apply.   Foreign exchange fees are included in TTB rate. 

There are two (2) types of foreign exchange fees:

(1) Standard foreign exchange fee: This applies to ordinary foreign exchange transactions.   Specifically, the amount will be: JPY 0.95 per AUD 1, JPY 0.95 per NZD 1, JPY 0.95 per GBP 1, JPY 0.80 per USD 1, JPY 0.80 per EUR 1, JPY 0.80 per CHF 1 and JPY 0.80 per CAD 1. 

(2) Official discount foreign exchange fee (Rate B): This rate applies to a) foreign exchange transactions worth JPY 10 million or more; b) yen amount which are credited to foreign currency ordinary deposit; or c) deposits which are made to the foreign currency ordinary deposit and are converted to yen after elapse of three (3) months or more from the deposit.   Specifically, the amount will be: JPY 0.75 per AUD 1, JPY 0.75 per NZD 1, JPY 0.75 per GBP 1, JPY 0.50 per USD 1, JPY 0.50 per EUR 1, JPY 0.50 per CHF 1, and JPY 0.50 per CAD 1.

For more specific details please refer to the exchange rate chart published on the Bank’s website.   Please note that foreign exchange fees are revised from time to time.

In addition, transfer fees will be charged separately.

During campaigns, the Bank may apply special terms and conditions for exchange purchase fees at the time of establishment of the foreign currency term deposit, and those terms and conditions will vary depending on each campaign.   The foreign exchange fees applicable during the campaign will only apply to purchasing transactions, and foreign exchange fees described in either (1) or (2) above will apply for selling transactions.

Withdrawal by way of cash denominated in foreign currency

The Bank does not accept withdrawal by way of cash denominated in foreign currency.

Withdrawal by way of foreign currency T/C

The Bank does not accept withdrawal by way of foreign currency T/C.

Transfer to the customer’s foreign currency deposit

No fees will be charged for the money transfer using the same-currency denominated amount in the customer’s foreign currency deposit.   

Cross-currency fees will be charged for money transfers to other foreign currencies within the customer’s account.   The cross-currency fees apply when the money in one foreign currency is directly converted to another foreign currency, and the amounts are: 0.0075 USD per AUD 1, 0.0100 USD per EUR1, 0.0116 USD per GBP 1, 0.0075 USD per NZD 1, 0.0110 CAD per USD 1, and 0.0080 CHF per USD 1 (these are one-way exchange fees incurred at the time of deposit and withdrawal, respectively).

The foreign exchange fees will be automatically calculated for other currency combinations in accordance with the above rates.   For more details, please contact the Bank.

Withdrawal by foreign currency remittance

If the withdrawal is made by remittance of foreign currency, remittance fees and foreign currency handling fees will be charged (in case of withdrawal at maturity, the larger of (i) 0.05% of the remitted amount or (ii) the amount equivalent to JPY 1,500).
If the withdrawal is made by foreign currency remittance after converting the foreign currency deposit to a different foreign currency, the customer is required to pay cross-currency fees in lieu of the foreign currency handling fees.   The cross-currency fees apply when the money in one foreign currency is directly converted to another foreign currency, and the amounts are: 0.0075 USD per AUD 1, 0.0100 USD per EUR 1, 0.0116 USD per GBP 1, 0.0075 USD per NZD 1, 0.0110 CAD per USD 1, and 0.0080 CHF per USD 1 (these are one-way exchange fees incurred at the time of deposit and withdrawal, respectively).

The foreign exchange fees will be automatically calculated for other currency combinations in accordance with the above rates.   For more details, please contact the Bank.