Sumitomo Mitsui Banking Corporation to set new fees Promotion of digitization of transactions October 7, 4:29

Sumitomo Mitsui Banking Corporation, a major bank, will charge a new fee from customers who have opened accounts since April next year and who do not use Internet banking.

Our policy is to encourage the use of online banking and further digitize transactions.

Sumitomo Mitsui Banking Corporation has put together a new measure to encourage the digitization of transactions so that transfers can be made without visiting stores, as it is required to prevent infection with the new coronavirus.



According to this, among customers aged 18 to 74 who opened an account after April 1st next year, those who do not use Internet banking will be charged a new fee.



The fee is 1100 yen per year from an account with no deposits and withdrawals and a balance of less than 10,000 yen for 2 years or more, and 550 yen per year when a paper passbook is issued.



This is the first time for three Mega Banks to collect fees from accounts that have not been deposited or withdrawn for a long period of time.



On the other hand, we will further expand our online banking service and free the fees for transferring money to other banks until the end of March 2022.



At Sumitomo Mitsui Banking Corporation, employees want to explain carefully to elderly people who are not accustomed to using online banking, and as one of the three Mega Banks introduces a new fee, other banks will move in the same way. It may spread.