#Japan #Tokyo #Olive #Mitsui Sumitomo Bank #Foreign Currency

Mitsui Sumitomo Bank's Innovative Foreign Currency Savings Service

Mitsui Sumitomo Bank has recently unveiled a groundbreaking service in Japan—the Foreign Currency Credit Card Automated Savings. Starting from January 19, 2026, this innovative offering is designed to aid individual customers in creating diversified financial assets through convenient credit card payments.

Overview of the New Service

The new service, offered through the bank's comprehensive financial platform, Olive, will allow clients to set up automated savings in foreign currencies using credit card transactions. This service is particularly beneficial as it provides a risk diversification strategy via currency investments, minimizing the foreign exchange risks typically associated with such transactions.

Key Features

• - Target Audience: The service is tailored for individual clients only, as minors and corporate accounts are excluded.
• - Supported Currencies: Customers can choose from six major currencies: US Dollar, Euro, British Pound, Swiss Franc, Australian Dollar, and New Zealand Dollar.
• - Credit Card: Only credit cards issued by Mitsui Sumitomo can be used for this service.
• - Savings Amount: Users can set an automated savings range from 500 Japanese Yen up to 100,000 Yen each month, in increments of 100 Yen.
• - No Exchange Fees: There are no currency exchange fees for setting up savings in foreign currencies, making it a cost-effective choice for clients.
• - Savings Application Deadline: Clients must apply by 4 PM on the 11th of every month to start their savings cycle from the 26th of the month.
• - Exchange Rates: The foreign currency purchase rate will be based on the publicly available rates on the designated savings day.
• - Reward System: Clients will earn up to 3% V Points based on their savings contributions, providing an additional incentive to engage in foreign currency savings.

Earn Rewards with V Points

One of the most appealing aspects of the new service is that it allows clients to accumulate V Points. When clients utilize the Foreign Currency Credit Card Automated Savings, they can earn rewards based on their monthly contributions. The exact points awarded may vary depending on the type of credit card held.

To celebrate the launch, the bank is introducing a special promotional campaign dubbed the “Foreign Currency Double Campaign,” starting from January 19, 2026. Under this campaign, clients who complete specific actions, such as setting up a foreign currency deposit account and making automated savings contributions, can receive bonuses of up to 3,000 Yen worth of V Points.

Campaign Overview

The Foreign Currency Double Campaign comprises two major promotions:
1. Clients who open a new foreign currency deposition account and deposit an equivalent of at least 200 US Dollars will receive 3,000 Yen worth of V Points. If their account balance exceeds 10,000 US Dollars, the reward increases to 50,000 Yen.
2. Clients who set up automated savings for their foreign currency account and complete six transactions of at least 10,000 Yen each will also be eligible for 3,000 Yen worth of V Points.

Both campaigns run simultaneously from January 19, 2026, to April 17, 2026, and are open to Olive account holders. New clients who register during this period will also qualify for these rewards.

Olive—More Than Just Banking

Launched in March 2023, Olive is a comprehensive financial service platform that integrates bank accounts, card payments, financing, online securities, and online insurance functionalities into a seamless app experience. Mitsui Sumitomo Bank continues to enhance the platform, responding to customer feedback by introducing new features like automatic deposits and family card options.

For more detailed information about the new Foreign Currency Credit Card Automated Savings service and its associated campaigns, customers can visit the links provided:

• - Foreign Currency Automated Savings
• - Foreign Currency Double Campaign

In summary, Mitsui Sumitomo Bank's initiative not only presents a novel approach for individuals to save in foreign currencies but also rewards them through its innovative point system, making wealth creation more accessible than ever before.