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Total Average Monthly Relationship Balance

This is how the total average monthly relationship balance is calculated.

Your "total average monthly relationship balance" is the standard used to determine eligibility for a waiver of the account maintenance fee or discount fee services. The "total average monthly relationship balance" is calculated by combining the daily balance of deposits, mutual funds, annuities, bonds/notes(Intermediary) and 25% of loan products at Citibank (including foreign currency-based balance) from the first to the last day of the month and dividing this total by the number of days in the month. This calculation is illustrated below(is to be stated in monthly statement).

The total of all average balance calculated by this fomula is the total average monthly relationship balance for the month.

*1	30 in months with 30 days, 31 in months with 31 days.
*2	If month end is either a holiday or weekend, number of days is until last business day.
*3	Balance information for annuity products and bonds/notes (intermediary) are provided by the insurance company or securities company based on contract and investment status. As a result, it may take several day s before the Total Average Monthly Balance reflects the balance information. Please pay careful attention to the confirmation. This balance cannot be changed once determined.

• This is not the same as the balance on the last day of the month.
• Later transaction after 16:50(Japan time) on weekdays and all transaction on Saturdays, Sundays and holidays are dated on next available business day.

What is the Account Maintenance Fee?

Normally, Citibank automatically withdraws a monthly account maintenance fee in the amount of 2,100 yen (including tax) from your account on the first business day of each month. However, this fee is waived if any of the conditions below apply:

• If your Total Average Monthly Relationship Balance in foreign currency for the previous month* is equivalent to 200,000 yen or more.
• If your Total Average Monthly Relationship Balance for the previous month* is equivalent to 500,000 yen or more.
• If you have a housing loan balance (including mortgage loan) as of the end of the previous month.*
• If your average monthly loan balance for Advance Money or card loans for the previous month* is 4 yen or more.
• If, as of the 25th of the previous month* (or if the 25th falls on a Saturday, Sunday or holiday, the previous business day), you are a member of a Gold Card or a Platinum Card (credit card) issued by Citi Cards Japan, Inc. (including Citi Gold Card, Delta SkyMiles Citi Gold VISA Card, Citi Elite, Citi Dollar Card, Delta SkyMiles Citi Platinum VISA Card, and Citi Select VISA Platinum Card), and you have designated a Citibank account to pay card balances.
• If, as of the 25th of the previous month* (or if the 25th falls on a Saturday, Sunday or holiday, the previous business day), you are a member of a Citibank credit card issued by Citi Cards Japan, Inc.
• If your first account with Citibank was an e-Savings Account.

*If the previous month is the month you opened your account, or the month after you opened your account, there is no fee, regardless of the above conditions.

• Foreign currency balances are converted to Yen for this calculation. The exchange rate used is the TTB rate set by Citibank on the final business day of the previous month.
• The combined average monthly balance for all foreign currency deposits held, such as Monthly Smile, the Step-Up Time Deposit, and Structured Deposits is shown as a MultiMoney foreign currency time deposit calculation.
• The balance of mutual funds (Yen-denominated, foreign currency denominated) is calculated by the standard price on the final business day of the previous month multiplied by the number of units owned on that day.
• Foreign currency denominated mutual funds are converted to Yen in the same manner as foreign currency deposits, using the TTB rate set by Citibank on the final business day of the previous month.
• There is a delay of about 2 to 4 days from the time of application to the commitment of mutual funds. For pre-committed mutual funds, the price on the day of purchase is used as the daily balance. Note that service fees and sales tax are deducted from the purchase price.

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