Sumishin SBI Net Bank Co., Ltd.
Launch of MATSUI Bank, a banking service that makes securities transactions more comfortable with sweep deposits – Supporting customers’ asset building with the industry’s highest Yen savings deposit interest rate of 0.20% per year –
SBI Sumishin Net Bank, Ltd. (head office: Minato-ku, Tokyo, CEO: Noriaki Maruyama, hereinafter referred to as “Sumishin SBI Net Bank”) is a subsidiary of Matsui Securities Co., Ltd. (head office: Chiyoda-ku, Tokyo, Representative Director and President: Satoshi Warita (hereinafter referred to as “Matsui Securities”) and Sumishin SBI Net Bank will launch “MATSUI Bank,” a new financial service that utilizes “NEOBANK” *1 provided by SBI Net Bank, on October 1, 2023. We are pleased to inform you that it will be available from Sunday (scheduled).
With “MATSUI Bank,” a banking service for Matsui Securities customers, you can receive the industry’s highest*2 deposit interest rate of 0.20% per year (0.1593% per year after tax) by depositing into a yen savings account. A variety of services are available, including:
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*1 “NEOBANK” is a registered trademark of SBI Sumishin Net Bank. Registered trademark No. 5953666.
*2 Interest rates as of September 1, 2023, based on research by Sumishin SBI Net Bank and Matsui Securities. Compare yen savings deposit interest rates (not preferential or additional interest rates).
1. About the aim of launching “MATSUI Bank” service
SBI Sumishin Net Bank leverages the cutting-edge IT and financial know-how it has cultivated since its establishment to create new added value in financial services through BaaS (Banking as a Service), which provides banking functions to partner companies. We are promoting the provision of the “NEOBANK” service, which aims to create new products, to the customers of our partner companies.
Matsui Securities is the first securities company in Japan to introduce full-fledged Internet transactions. Based on our corporate philosophy of “supporting the enrichment of our customers’ lives,” Matsui Securities is a pioneer in Internet securities and is a financial company that meets the various needs of individual investors. We have strived to provide products and services. As the shift from saving to investing accelerates, with the revision of the NISA system starting in January 2024 and the expansion of financial education into high school curriculum guidelines, it is possible to lower the hurdles to start investing and feel more familiar with investing. We believe it is essential to create a customer experience that is possible.
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“MATSUI Bank,” which we have recently started offering, is a service for Matsui Securities customers. For those who have a Matsui Securities account, in addition to the securities services previously provided by Matsui Securities, by incorporating SBI Sumishin Net Bank’s “NEOBANK” function, seamless linkage of securities accounts and bank accounts will be realized. To do. With this, we will eliminate the hassle of depositing and withdrawing money from securities accounts and provide a customer experience that makes investing more familiar.
2. About “MATSUI Bank” services
■ Automatic transfer (sweep deposit) and instant deposit/withdrawal service from your “MATSUI Bank” account to your Matsui Securities account!
Money deposited into a MATSUI Bank account is automatically
transferred when a customer trades with Matsui Securities*3 and can be used as funds for trading stocks, etc. You can also make instant deposits and withdrawals between your MATSUI Bank account and your Matsui Securities account.
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*3 Currently, it can only be used for stock products. The number of compatible products will be expanded gradually.
■ “MATSUI Bank” has the highest interest rate in the industry! The interest rate for yen savings deposits at MATSUI Bank is the highest in the industry, 0.20% per year (0.1593% per year after tax). Funds that are not used for securities transactions can be deposited into a yen savings account in a MATSUI Bank account, and a high interest rate will be applied.
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*4 “MATSUI Bank” is the interest rate scheduled to be applied as of October 1, 2023. Megabank interest rates are as of September 1, 2023. Megabanks include Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank. Before annual interest rate and tax. For individual customers, interest will be withheld at a rate of 20.315% (national tax 15.315% (including special income tax for
reconstruction), local tax 5%) (separate withholding tax). Maruyu is not available. The interest rate on Yen savings deposits is a floating rate.
■ Earn 1% Matsui Securities points by using “MATSUI Bank Debit”! “MATSUI Bank Debit” allows you to issue cards for free, and you can also use smartphone debit, which allows you to make touch payments by simply holding your smartphone over a terminal at a store. Accumulated Matsui Securities points can be exchanged for PayPay points, d points, Amazon gift cards, over 3,000 types of products, or used to accumulate in eligible investment trusts.
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■ Banking transactions and services can be used on the “MATSUI Bank” app! Bank transactions can be performed using a dedicated app. If you are using an affiliated ATM, you can make transactions at the ATM by using a smartphone app instead of a cash card with “ATM with an app”*5.
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*5 The “ATM with app” service is a feature that allows you to make transactions at some affiliated ATMs using a smartphone app instead of a cash card.
■ You can use ATM/bank transfer up to 5 times a month with no fees! ATM usage fees and bank transfer fees are free up to 5 times a month. Bank transfers between SBI Sumishin Net Bank and Sumitomo Mitsui Trust Bank are free of charge no matter how many times you use the service. 3. Announcement of “MATSUI Bank” release commemorative campaign schedule To commemorate the release of “MATSUI Bank,” we are planning to hold a campaign targeting customers who have newly opened a “MATSUI Bank” account. Details will be announced at a later date.
Four. Overview of each company
Overview of SBI Sumishin Net Bank
[Table 3: https://prtimes.jp/data/corp/37968/table/237_1_5b9e9b80bd8e6ddcc4e55c7c25573f84.jpg] Overview of Matsui Securities
[Table 4: https://prtimes.jp/data/corp/37968/table/237_2_96014bf09c287ed2bfc14725e4bcf2a6.jpg] SBI Sumishin Net Bank aims to transform financial services and make society more comfortable and convenient by utilizing cutting-edge technology based on a customer-centric approach.
Matsui Securities aims to provide products and services full of ideas that make investing fun, in order to support customers’ enriching lives through investment experiences.
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Sumishin SBI Net Bank Co., Ltd.