MultiMoney Foreign Currency Savings Deposit
MultiMoney Foreign Currency Savings Deposit Information Memorandum and Pre-Contract Document (PDF file 121.64KB)
Brief Description of Product
10 types of currency available.
Useful for pooling your assets.
| Applicable currencies |
USD, AUD, NZD, GBP, CAD, CHF, EUR, HKD, NOK and ZAR (Please note that there are cases where some currencies may not be offered due to the country's regulations and / or market conditions.) |
| Term availability |
No fixed deposit term.
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| Deposit amount |
The second decimal place of one unit of the deposited foreign currency or above.
(The minimum amount required for the initial deposit is 10,000 yen equivalent. However, there is no minimum deposit amount required if said funds are transferred from another MultiMoney Account deposit.) |
| Withdrawals |
Possible at any time. |
| Interest - Applicable rates |
Applicable interest rate will be changed according to market conditions without notice at any time and the new rate will be applied from the day on which the applicable rate is changed.
For the latest rates, please inquire at our branches or CitiPhone Banking. |
| Interest payment method |
Interest is calculated daily and added to the deposited principal every day. |
| Transaction Channels and Contact Number |
Branches and mini branches of Citibank Japan Ltd. (belonging to the Retail Banking Division) that are set up to handle said transactions. Certain branches and mini branches do not handle cash or check transactions.
Certain transactions may not be available via Citibank Online, Citibank Mobile, and CitiPhone Banking.
For details, please inquire at our branches, mini branches, or via CitiPhone Banking (Domestic (toll-free): 0120-110-330; From overseas (toll-charged):81-45-330-2880). |
MultiMoney Foreign Currency Savings Deposit Information Memorandum and Pre-Contract Document (PDF file 121.64KB)
- Risk of loss of principal
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There is no risk of loss of principal in the deposited foreign currency, but there is a possibility that the Yen-equivalent value you receive including interest may be less than the original Yen-equivalent value of the deposited foreign currency in case the exchange rate of the deposited foreign currency against Yen fluctuates and results in Yen appreciation.
Commissions
- Foreign exchange commission: The exchange rate at which yen is converted into foreign currency (TTS rate) and vice-versa (TTB rate) includes a foreign exchange commission set by Citibank. (For US dollars, the foreign exchange commission is 1 yen per dollar when converting one way (i.e., from yen to dollar or dollar to yen) and 2 yen per dollar if converting into and subsequently out of yen or dollar.)
- Foreign currency cash handling charge: A foreign currency cash handling is charged on each deposit or withdrawal of cash in a foreign currency (2 yen per US dollar, and 3 yen per Euro). Please see the Service Fee List for more information.
Other considerations
- Foreign Currency Deposits are not covered by any deposit insurance.
- Transactions in currencies of emerging countries are riskier than those of developed countries.
- In principle, interest is subject to a 20.315% withholding tax (National tax 15.315% and Local tax 5%)*. Foreign exchange gains are treated as miscellaneous income under the Japanese tax laws.
- *The tax rate etc. may change in the future due to reasons such as revision of tax laws.
- Interest and exchange rates change according to market conditions. Please be sure to contact a Citibank branch or access Citibank Online etc. for the most up-to-date information.
- Please read "Information Memorandum and Pre-Contract Document" carefully and make sure you have full understanding of the product before making transaction. To obtain this document, inquire at a Citibank branch or via CitiPhone Banking.
- Customers performing foreign currency deposit transactions for the first time (including receiving transfers in foreign currency) will be required to submit a MultiMoney Foreign Currency Savings Deposit application. Applications can be submitted at Citibank branches and mini-branches, by mail, or via Citibank Online.
- At Citibank, we use profiling (a series of questions related to asset management) to understand the amount of risk you are able to accept. The answers received in profiling, and the risk acceptable to the customer, are expressed numerically as a "customer risk tolerance (risk score)".
Please be aware that investment in a product is not possible if the customer risk score is below the product risk level.
- Citibank charges a monthly account maintenance fee of 2,100 yen to your account on the first business day of each month. Please note, however, that no such fee will be charged for the month in question if your Total Average Monthly Relationship Balance or other conditions satisfy specific requirements.
- Products and services featured here may not be purchasable or able to be provided to customers for various reasons determined by Citibank. We kindly request your understanding in advance.
- Account Holders
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Applications are accepted using the following methods:
- *Depending on the transaction channel, some transactions / services may not be accepted. For more information, call CitiPhone Banking.
- *You must go through the user registration process before using Citibank Online.
- Non Account Holders
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