- Campaigns & Offers
- Earn Up to 5,000 Yen in Cash Rewards on Foreign Currency Deposits Balance
No entry is required
Starting from December 2023, a cash reward program has been launched exclusively for new Sony Bank customers. You can earn cash rewards on your Foreign currency deposits balance as of the end of the second month following the month in which your account is opened!
Start Foreign Currency Savings Upon Opening Your Bank Account!
For a limited time, you can earn an additional cash reward!
Account Opening Period
December 1, 2023 (Fri) to March 31, 2024 (Sun)
Eligible Products
Foreign currency deposits
Eligibility Criteria
Customers who meet all of the following criteria:
- Complete a new account opening (Yen savings account).
- Have a Foreign currency deposits balance of 100,000 yen or more as of 11:59 PM on the last day of the second month following the month in which the account was opened.
| Account Opening Month | The End of the Second Month After the Month in Which Your Bank Account Was Opened |
|---|---|
| December 2023 | February 29, 2024 (Thu) |
| January 2024 | March 31, 2024 (Sun) |
| February 2024 | April 30, 2024 (Tue) |
| March 2024 | May 31, 2024 (Fri) |
Confirmation Method:
For account opening, an email will be sent to your registered email address after the procedure is completed.
Subject: [Sony Bank] Notification: Account Opening Procedure has been completed
- Foreign currency deposit balance is the total balance of eligible products.
The rate used for Yen conversion is the TTB rate as of 12:00 AM on the last day of the second month following the month in which the account was opened.
If the last day of the month falls on a Sunday or Monday, the rate will be calculated based on the rate on the preceding Saturday. The TTB rate will be calculated using the standard exchange fee regardless of your Club S level. - Deposit by Incoming foreign currency remittances to Sony Bank are subject to verification. Please note that if the verification process takes a long time, the funds may not be deposited by the assessment date.
Cash Reward Amount
For Foreign currency deposit balance of 100,000 yen or more
1,000 yen will be added to the regular 1,000 yen offer.
Total 2,000 yen cash reward!
For Foreign currency deposit balance of 1,000,000 yen or more
3,000 yen will be added to the regular 2,000 yen offer.
Total 5,000 yen cash reward!
Example: If your account is opened by December 31, 2023, your Foreign currency deposit balance as of February 29, 2024 at 11:59 PM will be converted into Yen at the TTB rate as of February 29, 2024 at 12:00 AM, and you will earn 2,000 yen if the converted amount of your Foreign currency deposits balance is 100,000 yen or more, and 5,000 yen if it is 1,000,000 yen or more.
Cash Reward Payment Timing and Method
The reward will be credited into the Sony Bank Yen savings account of eligible customers in accordance with the following schedule.
| Account opened by December 31, 2023 (Sun) | Deposit in late March 2024 |
|---|---|
| Account opened between January 1, 2024 (Mon) and March 31, 2024 (Sun) | Deposit in late June 2024 |
An email notification will be sent to eligible customers in advance of the cash reward payment. Please note that the email may not be delivered due to issues with your email address or email provider.
If you don't have a Sony Bank account
If you don't have a Foreign currency saving account
Important
- Regarding this campaign
-
- This campaign is subject to change or cancelation without notice.
- If the customer's Yen Savings account is cancelled at the time of the cash reward payment, the customer will not be eligible for the campaign.
- Even if all eligibility requirements are met, if Sony Bank deems a transaction to be fraudulent, the customer will not be eligible for a cash reward.
- Please note the following policies regarding Foreign currency remittances
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Foreign currency deposits are available to customers who are at least 15 years old. However, there are restrictions on transactions available to customers under the age of 20.
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Trading foreign currency at Sony Bank is available 24 hours a day (*), but there are certain trading hours on certain days of the week when transactions are not available.
except during system maintenance.
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If you are not yet a Sony Bank account holder, you will need to open an account first.
- It takes approximately 10 business days to receive your cash card after completing the account opening application. Foreign currency savings accounts can be opened after signing into our English online banking.
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- Risks associated with Foreign currency deposits
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- Foreign currency deposits involve the risk of loss of principal. Before making a transaction, please make sure to fully understand the products, risks, and other important matters concerning foreign currency deposits and use your own judgment.
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Foreign currency deposits involve the risk of exchange rate fluctuation. Since the foreign exchange rate fluctuates in accordance with movements in the foreign exchange market, the principal amount may change when the amount you deposited and the amount you receive at the time of withdrawal are converted into the same currency. In addition, when you buy or sell foreign currency, you will bear the difference between TTB (rate when you sell foreign currency) / TTS (rate when you buy foreign currency) and TTM (reference rate) as the foreign exchange fee, respectively. Therefore, even when the foreign exchange market price does not fluctuate between the time of deposit and the time of withdrawal, the amount you receive at withdrawal may be less than the amount you have deposited. Foreign currency deposits are not covered by deposit insurance.