As of January 4, 2023

Product Description of Foreign Currency Deposits
to be confirmed prior to concluding
the Customer Agreement on Foreign Currency Savings Deposit for PowerFlex Account(This is the document to be delivered based on the laws and ordinances before concluding the forementioned
Agreement, and doubles as the product description of foreign currency deposits, etc.)
Please read this document carefully.
Characteristic of Foreign Currency Savings Deposit for PowerFlex Account:● This deposit is a foreign currency savings deposit. Foreign currency savings deposit is defined as a deposit
in foreign currency (currencies other than yen) whose term or maturity is not specified.
● For deposit currency, there is a choice among US dollar, Euro, Australian dollar, New Zealand dollar, andother currencies designated by SBI Shinsei Bank (hereinafter referred to as “the Bank”).
● Deposit in foreign currency cash is not accepted. Withdrawal in foreign currency cash is not accepted at the
Bank branches, provided however, that the Bank accepts foreign currency cash withdrawal in the way
prescribed by the Bank.
Matters to be noted:● Foreign currency deposits entail the risk of foreign exchange rate fluctuation. When a customer places adeposit by exchanging yen into a foreign currency, the customer may incur exchange losses - in terms ofyen - depending on the trends in the foreign exchange market, with the result that the funds to be repaid when translated into yen using the exchange rate as of the repayment date - would be smaller than the yenamount initially deposited.
When a customer places a deposit in a foreign currency, and converts the deposit into another currency
eligible for a direct non-JPY cross currency exchange, the customer may suffer exchange losses - in termsof the initially deposited currency - depending on the trends in the foreign exchange market, with the resultthat the funds to be repaid - when translated into the initially deposited currency using the exchange rate asof the repayment date - would be smaller than the initially deposited currency amount.
Fees and charges:● When a customer starts a foreign currency deposit in yen, the Bank-designated telegraphic transfer
selling rate (TTS rate) which includes foreign exchange fee will apply to exchange a yen original investment
to a foreign currency deposit principal. Then, the Bank-designated telegraphic transfer buying rate (TTBrate) which includes foreign exchange fee will apply to exchange withdrawal or interest amount from aforeign currency to yen. Therefore, there is a risk of principal less than the original investment even if
foreign exchange rates do not fluctuate.
● A customer is allowed to switch a foreign currency deposited with a foreign currency savings account toanother foreign currency, however, provided that those foreign currencies shall be currencies eligible for a
direct non-JPY cross currency exchange. The Bank-designated foreign exchange rate which includes
foreign exchange fee will apply when switching a currency. Therefore, there is a risk of principal less thanthe original investment.
● Foreign exchange fee depends on a pair of currencies. For details, refer to the after- mentioned “Feesand Charges relating to Foreign Currency Deposits”.
Risk of principal less than the original investment due to exchange rate fluctuation:● When a customer places a deposit by exchanging yen into a foreign currency, the customer may incurexchange losses - in terms of yen - depending on the trends in the foreign exchange market, with the resultthat the funds to be repaid - when translated into yen using the exchange rate as of the repayment date would be smaller than the yen amount initially deposited.
● When a customer places a deposit in a foreign currency, and converts the deposit into another currency(provided, however, that such currency is limited to those handled by the Bank), the customer may suffer
exchange losses - in terms of the initially deposited currency - depending on the trends in the foreignexchange market, with the result that the funds to be repaid - when translated into the initially deposited
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登録 No.7745-E.23.01

currency using the exchange rate as of the repayment date - would be smaller than the initially depositedcurrency amount.
Bank Name: SBI Shinsei Bank, Limited
Address: 4-3, Nihonbashi-muromachi 2-chome, Chuo-ku, Tokyo
Product description (Please read carefully and understand fully this product description before application.)
1.
2.
3.
4.
5.

Product nameProduct outline
Eligibility
Term
Deposit method,
Currency, Minimum
deposit amount, Unit

6.

Withdrawal method

7.

Interest

FSA 2 / 5

PowerFlex Foreign Currency Savings Deposit
Foreign currency deposit (other than yen currency) without term or maturity
Individual customers with PowerFlex accountNo term designated1) Deposit will be made anytime in the manner described below.
・A foreign currency which is exchanged from a PowerFlex yen savings deposit is remitted to a
PowerFlex foreign currency savings deposit in the same currency.
・A currency of a PowerFlex foreign currency savings deposit is exchanged and remitted into a
PowerFlex another foreign currency savings deposit, which is eligible for a direct non-JPY crosscurrency exchange.
・A currency of a PowerFlex foreign currency deposit is remitted into a PowerFlex foreign currency
savings deposit in the same foreign currency.
・Inward fund transfer in a currency eligible for a direct non-JPY cross currency exchange is settled toremit into a PowerFlex foreign currency savings deposit in the same currency.
Some currencies are unavailable for deposits through inward fund transfer.
2) Currency eligible for foreign currency savings deposit:
United States dollar (USD), Euro (EUR), Canadian dollar (CAD), Great Britain pound (GBP),
Australian dollar (AUD), New Zealand dollar (NZD), Hong Kong dollar (HKD), Singapore dollar(SGD) and other currencies designated by the Bank.
Please confirm the available currencies on the Bank website at http://www.sbishinseibank.co.jp, by
the call center, PowerCall, on 0120-456-860, or at the Bank counter.
3) Currency eligible for a direct non-JPY cross currency exchange transactions:
USD, EUR, CAD, GBP, AUD, and NZD4) Minimum deposit amountAt least 1 fractional currency
5) Unit of deposit
Unit of 1 fractional currency
Withdrawal will be made anytime in the manner described below..
・A withdrawal currency is exchanged to yen and remitted to a PowerFlex yen savings account. (Afterthe remittance, fund transfer and cash withdrawal are available in yen.)・A withdrawal currency eligible for a direct non-JPY cross currency exchange is exchanged intoanother foreign currency eligible for a direct non-JPY cross currency exchange and remitted to a
PowerFlex foreign currency savings deposit in the same currency.
・A withdrawal currency is remitted into a PowerFlex foreign currency deposit in the same
currency, or remitted to purchase an investment trust in the same currency.
・A withdrawal currency is transferred in the same currency.
However, some currencies are unavailable for withdrawals through fund transfer.
・Some currencies designated by the Bank can be withdrawn in cash only via “Foreign Currency
Deposit Cash Delivery Service” whose contract is needed to be separately entered into.
1) Applicable interest rate
・Variable interest rates which are posted daily at the Bank counters will apply.
・Variable interest rates quoted by 4 layers of final account balance on the end of every day
will apply. (There may be the case where the same interest rate will apply for some or all layers.)
From 1 fractional currency to less than 10,000 basic currency units
From 10,000 basic currency units to less than 30,000 basic currency units
From 30,000 basic currency units to less than 100,000 basic currency units
100,000 basic currency units or more
・For accurate interest rates, please contact the call center, PowerCall, or the Bank
counter.
2) Frequency of interest payment and Payment method of interest・Interest shall be credited to a foreign currency savings account with the Bank designated date of
every month.
・For specific date of interest payment, please contact the call center, PowerCall, or
the Bank counter.
3) Calculation method
The interest unit shall be 1 fractional currency unit. The interest shall be calculated daily for the final
account balance on a pro-rata basis based on a year of 365 days. The fractional figure shall be
rounded off.
登録 No.7745-E.23.01

8.

Foreign-exchange
rate fluctuation to be
noted

9.

Exchange fee andexchange rate

10. Other fees
11. Foreign exchange
forward contracts
12. Overdraft service
13. Special contracts
to be added
14. Tax

15. Deposit insurance
16. Designated dispute
resolution body

17. Certified
investor-protection
association
18. Others
19. Contact

FSA 3 / 5・When a customer places a deposit by exchanging yen into a foreign currency, the customer may
incur exchange losses - in terms of yen - depending on the trends in the foreign exchange market,
with the result that the funds to be repaid - when translated into yen using the exchange rate as of
the repayment date - would be smaller than the yen amount initially deposited.
・When a customer places a deposit in a foreign currency, and converts the deposit into anothercurrency (provided, however, that such currency is limited to those handled by the Bank), thecustomer may suffer exchange losses - in terms of the initially deposited currency - depending on
the trends in the foreign exchange market, with the result that the funds to be repaid - whentranslated into the initially deposited currency using the exchange rate as of the repayment date would be smaller than the initially deposited currency amount.
・When a customer starts a foreign currency deposit with yen, the Bank-designated telegraphictransfer selling rate (TTS rate) which includes foreign exchange fee will apply to exchange a yen
original investment to a foreign currency deposit principal. Then, the Bank-designated telegraphictransfer buying rate (TTB rate) which includes foreign exchange fee will apply to exchange
withdrawal or interest amount from foreign currency to yen. Therefore, there is a risk of principal
less than the customer’s original investment even if foreign exchange rates do not fluctuate.
・Foreign currency deposited with a foreign currency savings account can be exchanged to anotherforeign currency which is eligible for a direct non-JPY cross currency exchange. The
Bank-designated foreign exchange rate which includes foreign exchange fee will apply whenswitching a currency eligible for a direct non-JPY cross currency exchange to another currency
eligible for a direct non-JPY cross currency exchange. Therefore, there is a risk of principal lessthan the customer’s original investment even if foreign exchange rates do not fluctuate.
・Foreign exchange fee depends on a pair of currencies. For details, refer to the after-mentioned“Fees and Charges relating to Foreign Currency Deposits”, or contact the call center, PowerCall or
the Bank counter.
Depending on deposit method and withdrawal method, other fees may be charged. For details,
please refer to the after-mentioned “Fees and Charges relating to Foreign Currency Deposits”, orplease contact the call center, PowerCall, or the Bank counter.
N/A
N/A
N/A

・Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%)・Foreign exchange gain is subject to aggregate taxation as miscellaneous income by filing an
individual income tax return.
・Foreign exchange loss is deductible from miscellaneous income.
・Maru-yu (Tax exempt treatment on interest of small-size savings of certain people): N/A
For more details, please consult a certified public accountant or a certified tax accountant on yourown.
Not covered by deposit insurance
In case of trouble at financial transactions, dispute resolution organizations which are certified by the
Financial Alternative Dispute Resolution System provides a resolution support framework for handlingconsumers' complaints and resolving disputes. Financial Alternative Dispute Resolution System is thesystem to settle disputes outside the court. Neutral mediators work for dispute parties to settle without
judicial procedures.
Japanese Bankers Association
Contact: Consumer Relations Office
Phone numbers: 0570-017109, 03-5252-3772
N/A
There are some limitations in services of foreign currency deposit and withdrawal.
For details, refer to the “Fees and Charges relating to Foreign Currency Deposits”.
Please visit our branch or call to our call center, PowerCall, toll-free at 0120-456-860 .

登録 No.7745-E.23.01

Fees and Charges relating to Foreign Currency Deposit(1) Deposit / Withdrawal method and fees
● Deposit
Deposit method
Fees
Deposits of yen in cash
Yen cash is not acceptable. Yen cash will be deposited to a PowerFlex yen savings
account to be remitted to a PowerFlex foreign currency savings account.
Remittance from PowerFlex yen
・ The Bank-designated telegraphic transfer selling rate (TTS rate) whichsavings deposit
includes foreign exchange fee will apply when exchanging yen to foreign
currency.
・ Refer to “(2) Foreign exchange fee” in this document, for foreign exchange
fees which are included in TTS rate.
Deposits of foreign currency in cash, N/A
by traveler’s check or check
Remittance from PowerFlex
・ Currency is limited to currencies eligible for a direct non-JPY cross currency
another foreign currency deposit
exchange.
・ The Bank-designated foreign exchange rate which includes foreign exchange
fee will apply when exchanging foreign currency to another foreign currency.
Refer to “(2) Foreign exchange fee” in this document, for foreign exchange
fees which are included in foreign exchange rate.
Remittance from the PowerFlex foreign ・No fees and charges
currency deposits with the same
currency
Deposit of a foreign currency you have ・No fees and charges. However, receiving funds transferred from overseas needs
received by fund transfer
to pay an administrative fee designated by the Bank. For details, please contact● Withdrawal
Withdrawal method
Withdrawals of yen in cash
Remittance to yen savings deposit

the call center, PowerCall, or the Bank counter.

Fees
・ The Bank-designated telegraphic transfer buying rate (TTB rate) which
includes foreign exchange fee will apply when exchanging foreign currency toyen.
・ Refer to “(2) Foreign exchange fee”, for foreign exchange fees which areincluded in TTB rate.
Withdrawals of foreign currency in cash ・ Some currencies designated by the Bank can be withdrawn in cash only via“Foreign Currency Deposit Cash Delivery Service” whose contract is needed to
be separately entered into.
・ Handling fee which is calculated at the Bank-designated rate for each currency
and delivery fee will be charged for “Foreign Currency Deposit Cash Delivery
Service”. The fees are subject to change depending on a contract agreed
between the Bank and a delivery outsourcing company, postal charges, etc.,
therefore exact or maximum amount and calculation formula are not detailed
here. Each time customers use “Foreign Currency Deposit Cash Delivery
Service”, they are advised to call the Bank call center, PowerCall, to confirm thetotal amount of fees that will be charged.
Withdrawals of foreign currency by N/A
traveler’s check or check
Remittance to a PowerFlex another ・ Currency is limited to currencies eligible for a direct non-JPY cross currency
foreign currency deposit
exchange.
・ The Bank-designated foreign exchange rate which includes foreign exchange
fee will apply when exchanging foreign currency to another foreign currency.
Refer to “(2) Foreign exchange fee”, for foreign exchange fees which areincluded in foreign exchange rate.
Remittance to a PowerFlex foreign No fees and charges
currency deposit in the same currency
Remittance to purchase an investment No fees and charges
trust in the same foreign currency(Investment trust sales fee will be separately charged.)
Fund transfer in foreign currency
・ Fund transfer in foreign currency is not available at branches.
・ Application to GoRemit overseas remittance service must be made before
making the remittances.
・ Remittance fees will be charged.

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登録 No.7745-E.23.01

(2) Foreign exchange fee● Exchange between Japanese yen and foreign currency
Maximum exchange fees for converting each currency are as follows;
5 yen per 1 U.S. dollar, 5 yen per 1 Euro, 5 yen per 1 Australian dollar, 5 yen per 1 New Zealand dollar, 5 yen per 1 Canadiandollar, 5.5 yen per Great Britain Pound, and 5.5 yen per 1 currency unit of other currencies.
When converting currency at the time of deposit or withdrawal, please confirm the Bank-designated telegraphic transfer sellingrate (TTS rate) or the Bank-designated telegraphic transfer buying rate (TTB rate) which includes foreign exchange fee.

● Exchange between currencies eligible for a direct non-JPY cross currency exchange
Currency pairExchange fee per transaction
EUR
GBP
1 EUR
0.01 GBP
EUR
AUD
1 EUR
0.02 AUD
EUR
NZD
1 EUR
0.02 NZD
EUR
USD
1 EUR
0.01 USD
EUR
CAD
1 EUR
0.02 CAD
GBP
AUD
1 GBP
0.02 AUD
GBP
NZD
1 GBP
0.02 NZD
GBP
USD
1 GBP
0.02 USD
GBP
CAD
1 GBP
0.02 CAD
AUD
NZD
1 AUD
0.01 NZD
AUD
USD
1 AUD
0.01 USD
AUD
CAD
1 AUD
0.01 CAD
NZD
USD
1 NZD
0.01 USD
NZD
CAD
1 NZD
0.01 CAD
USD
CAD
1 USD
0.01 CAD- Fees mentioned above are the upper limit on foreign exchange fees. Lower amount of fees may be quoted and applied.
- The maximum amount of fees mentioned above will apply in case of rapid movement of foreign exchange market or in case of
sharp increase in the number of currency exchange order in market closed day such as weekend.
Foreign exchange fees different from ones mentioned above will apply due to campaign, program etc. the Bank offers, but will
not exceed the level of foreign exchange fees mentioned above. Customers are advised to confirm foreign exchange fees and
TTS or TTB rate being applied when engaging in foreign exchange transactions.
- Foreign exchange fees and charges are subject to change.
- Consumption tax is not levied on the fees and charges above.
The English translation used in the product descriptions are intended solely for customer convenience, and shall be used as forreference only. Should there be any discrepancy between the Japanese and the English text, the Japanese text shall takeprecedence.

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登録 No.7745-E.23.01