Notice on Revisions to Fund Transfer Fees
Effective October 1, 2021, fees applicable to fund transfers made by individual customers to accounts with other banks or Shinsei Bank's other branches will be lowered by 100 yen, with some exceptions. Please refer to the table below.
Applicable fees for fund transfers to other banks
The fees shown above include the 10% consumption and local consumption taxes.
*For a limited number of fund transfers made through PowerDirect, no fees are charged, depending on the customer's stage under the Shinsei Step Up Program.
Applicable fees for fund transfers between Shinsei Bank accounts
The fees shown above include the 10% consumption and local consumption taxes.
Shinsei Bank has traditionally provided free-of-charge services for a limited number of internet-based fund transfers through the Shinsei Step Up Program. Furthermore, the Bank has applied one of the lowest fees* for fund transfers to our Platinum Stage or the Gold Stage customers.
The current revision is aimed to provide customers with better services, in terms of both quality and price, by alleviating the customers' burden through refund of benefits of cost reduction resulting from the downward revision of inter-bank fees for transactions on the Japanese Banks’ Payment Clearing Network, effective October 2021. (* according to a survey conducted by Shinsei Bank on August 2, 2021)
Shinsei Bank aims to provide customers with better experience in investment management and daily settlement services. To this end, the Bank will promptly capture the customers' needs in the "new normal" environment and introduce new services by further enhancing the Shinsei Step Up Program and by making use of digital technology.
We will continue our endeavors to be a "bank of choice" for our customers by providing services that meet their needs.
August 2021
Shinsei Bank, Ltd.
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