Foreign currency time deposit accounts (for Non-Residents of Japan)
Having an account will enable you to deposit funds in a foreign currency (US dollars, Euros, Australian dollars) for a fixed period of time, spanning a minimum of one month to a maximum of five years.
We recommend foreign currency time deposit accounts when you have no immediate plans to use your money.
Features of Foreign currency time deposit accounts (for Non-Residents of Japan)
-
Freely choose between three
different currencies -
Choose between three currencies, US dollars, Euros and Australian dollars, thereby enabling you to manage your money according to your objectives.
-
We offer a wide range of terms
ranging from one month to
five years -
You can choose from a wide range of deposit terms. Accounts cannot be cancelled before reaching maturity. The interest rate at the time of deposit will remain unchanged until the maturity date.
Please read the description carefully before applying to open an account
Who can apply for a Foreign currency time deposit accounts
(for Non-Residents of Japan)
- *Company employees who have been living in Japan for less than six months but are scheduled to work in Japan for at least one year and their family members are considered to be residents.
Deposit Method and Term
For the redemption period you can choose either “fixed term” or “designated maturity date” (which allows you to designate the maturity date within a predetermined period of time).
| Deposit Method | Deposit Term | |
|---|---|---|
| Fixed-Term Deposit |
In the case of Fixed-Term Deposits, you will need to select either Automatic Renewal type (renewal of principal and interest, or renewal of principal only) or Receipt at Maturity type.
|
1 month, 3 months, 6 months or one year |
| Maturity-Designated Deposit | You can designate a maturity date within a predetermined period. Your account will be cancelled upon reaching maturity. We do not offer automatic renewal. | 1 month to 5 years or less |
- *Deposit interest rate: please contact us for information
- *Foreign Currency Time Deposits are not covered by deposit insurance
- *Please check the Account Guide for information on the risks involved, how to deposit and withdraw funds, how interest is paid, and the various fees we charge, etc.
Applicable Currencies
US dollars, Euros, Australian dollars
Foreign Exchange Commission (at branches)
| US dollar | Euro | Australian dollar |
|---|---|---|
| 1 yen | 1 yen | 1 yen |
As of March 1, 2017
- *No consumption tax is levied on the above commissions.
- *As the foreign exchange commission is subject to change at the discretion of the Bank, please confirm for each transaction.
Foreign currency ordinary deposit accounts
- Foreign Currency Ordinary Deposits entail exchange fluctuation risk. There is a risk that, due to exchange rate fluctuations, the amount you receive upon conversion of the principal and interest from the foreign currency into JPY may be less than the JPY amount you initially deposit when the foreign currency deposit is created (a loss of principal on a Yen basis).
- Foreign Currency Ordinary Deposits are not covered by deposit insurance.
- Please check the Account Guide for information on the risks involved, how to deposit and withdraw funds, how interest is paid, and the various fees we charge, etc.
Foreign currency time deposit accounts (for Non-Residents of Japan)
- Foreign Currency Time Deposits entail exchange fluctuation risk. There is a risk that, due to exchange rate fluctuations, the amount you receive at maturity, upon conversion of the principal and interest from foreign currency into JPY, may be less than the JPY amount you initially deposit when the Foreign Currency Time Deposit is created (a loss of principal on a Yen basis).
- A foreign exchange commission fee applies upon conversion of JPY into foreign currency (at the time of deposit) and conversion of foreign currency into JPY (at the time of withdrawal) (1 Yen per currency unit) (for deposit and withdrawal respectively, the applicable conversion rate, including the commission fee, will be the telegraphic transfer selling rate (TTS rate) (at the time of deposit) and the telegraphic transfer buying rate (TTB rate) (at the time of withdrawal), as determined by the Bank with reference to market rates).Therefore, even where there is no change in the foreign exchange rate, there is a risk that, as a result of foreign exchange commission fee to be incurred both at withdrawal and deposit (2 Yen per currency unit), the amount you receive upon conversion of the foreign currency into JPY may be less than the JPY amount you initially deposit when the Foreign Currency Time Deposit is created (a loss of principal on a Yen basis).
- Please make a final decision on whether to apply for a contract by yourself.
Tokyo Star Bank
Tokyo Star Bank is a subsidiary of CTBC Bank Co., Ltd. (CTBC Bank), one of the largest private financial institutions in Taiwan
Our relationship with CTBC Bank helps us meet the diverse needs of our customers.
Our shareholder, CTBC Bank (official name: CTBC Bank Co., Ltd.), is Taiwan's largest private bank and the primary subsidiary of CTBC Financial Holding, a major financial group in Taiwan. Operating globally through its worldwide network, Tokyo Star Bank continues to achieve tremendous growth.
