Press Release

December 2, 2024
SBI Sumishin Net Bank, Ltd.
SBI FXTRADE Co.,Ltd.

SBI Sumishin Net Bank and SBI FX Trade Launch New Financial Service "SBI FX Trade NEOBANK"

SBI Sumishin Net Bank, Ltd. (Head Office: Minato-ku,Tokyo; President & CEO: Noriaki Maruyama; henceforth referred to as “SSNB”) is pleased to announce that it has launched a new financial service "SBI FX Trade NEOBANK" utilizing "NEOBANK®"*1 with SBI FX Trade Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Yukio Fujita, hereinafter referred to as "SBI FX Trade"), which provides the FX trading service "SBI FXTRADE".

Image of the “SBI FX Trade NEOBANK” service launch

About the purpose of the launch of the service

SSNB is promoting the provision of new added value to its partner customers through BaaS (Banking as a Service), which provides banking functions to partner companies, by utilizing the cutting-edge IT and financial know-how that it has cultivated through its efforts since its establishment.
SBI FX Trade specializes in foreign exchange margin trading (FX) and provides meticulous services that can only be done because it specializes in Forex, such as advanced transactions that are easy to understand even for beginners and can be satisfied by advanced users, and has won the first place in the 2024 Oricon Customer Satisfaction ® Survey FX beginners for five consecutive years. We also focus on providing information such as economic indicators, market reports, and risks related to FX trading, and play a role in the FX business of the SBI Group, which boasts one of the largest number of accounts among domestic Forex traders.

SBI FX Trade NEOBANK Logo

SBI FX Trade NEOBANK, which SBI FX Trade will begin to handle, is a banking service for SBI FX Trade customers.

In February 2025, SSNB's over-the-counter foreign exchange margin trading business "Oh! Since the business of "FX" will be transferred to SBI FX Trade, we will realize seamless linkage between FX accounts and bank accounts by incorporating the "NEOBANK" function, and will provide new financial services that leverage the strengths of both parties.

Features of "SBI FX Trade NEOBANK"

1. Smooth transactions with instant deposits and withdrawals

Instant deposits and withdrawals are available between the "SBI FX Trade NEOBANK" account and the SBI FX Trade account, enabling smooth transactions.

2. Effective use of standby funds with yen deposits with favorable interest rates

The interest rate on yen savings deposits at SBI FX Trade NEOBANK is 0.30% per annum (0.239% per annum after tax), which is the highest level of any Internet-only bank*2.Standby funds for FX trading can also be deposited in the yen savings account of the "SBI FX Trade NEOBANK" account, and a favorable interest rate will be applied, allowing you to make effective use of your funds.

Smooth transactions with instant deposits and withdrawals

After opening an account, customers who wish to do so will be issued a cash card with an original design with a convenient debit function free of charge.
Cash cards with debit cards can be used at partner ATMs nationwide.
In addition, ATM usage fees and transfer fees to other banks are waived up to 5 times per month.

SBI FX Trade Debit Card

"SBI FX Trade NEOBANK Service Launch Commemorative Campaign"

During the campaign period, we will conduct a campaign to give away 1,500 yen to all customers who open a new SBI FX Trade NEOBANK and have a yen savings account balance of 30,000 yen or more as of the end of February 2025.

Company Profile

Overview of SSNB

Overview of SBIFX Trade

• ※ *１ "NEOBANK®" is a registered trademark of SSNB.Registered Trademark No. 5953666.
• ※ *２ Interest rates as of November 2024 are based on SSNB's research.Compare with yen savings account interest rates (not preferential or top-up interest rates).The Internet-only banks are SSNB, Rakuten Bank, PayPay Bank, GMO Aozora Net Bank, au Jibun Bank, Sony Bank, UI Bank, Minna no Bank, and Daiwa Next Bank.

About SBI Sumishin Net Bank

SBI Sumishin Net Bank (“SSNB”) is an online bank that was founded in 2007 and became the first Japanese internet bank to be listed on the Tokyo Stock Exchange Standard Market in March 2023. By leveraging the most advanced technology solutions, SSNB offers safe, secure and convenient banking experience to its customers.

In the digital bank business, SSNB has now over 7 million customer accounts with over 9 trillion yen (*1) in deposits. It consistently ranks high in customer satisfaction by recognizing individual needs of different lifestyles and life stages as well as by offering a well-designed user interface and experience.

Its mortgage business, which has built on a unique business model, is the largest among Japanese banks in terms of the amount of newly originated mortgage loans (*2).

SSNB’s NEOBANK® is a full-service BaaS (banking as a service) product offering that enables its brand partners to offer a full range of banking services to their customers. As a pioneer in the sector, it boasts a number of BaaS partnerships with Japan’s leading brands and businesses.

SSNB is vigorously engaged in non-financial activities as well including data initiatives and carbon credit trading in an endeavor to balance business growth with social responsibility.

Moving forward, SSNB will remain committed to embracing corporate social responsibility and sustainable growth as a fintech that goes beyond banking services to realize a society where prosperity and abundance circulate driven by the power of technology and a spirit of fairness.
To learn more about SBI Sumishin Net Bank, please visit: www.netbk.co.jp/contents/company/en/

(*1) The number of deposit accounts is as of February 7, 2024, and the balance of deposits is as of December 11, 2023.
(*2) This statement is base on our research as of March 31, 2023, using data disclosed by multiple domestic banks including Resona Holdings, Sumitomo Mitsui Financial Group, Sumitomo Mitsui Trust Holdings, and Mizuho Financial Group, as well as our own.
(*3) NEOBANK® is a registered trademark of SBI Sumishin Net Bank. The Registered trademark number is 5953666.

Contact

For further information about this press release, please contact:
SBI Sumishin Net Bank, Public Relations
ir_csr_sdgs@netbk.co.jp

Note: This content has been translated from the Japanese original using artificial intelligence (AI) or machine translation technology for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

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