WEBSITE TERMS OF USE

 

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE AND ANY PAGES THEREIN, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, PLEASE DO NOT ACCESS THIS SITE OR ANY PAGES THEREIN.

Unauthorized use of SMBC's Websites and systems, including but not limited to unauthorized entry into SMBC's systems, misuse of passwords, or misuse of any information posted to a site, is strictly prohibited.

SMBC TERMS OF USE

 

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE AND ANY PAGES THEREIN, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, PLEASE DO NOT ACCESS THIS SITE OR ANY PAGES THEREIN.

Unauthorized use of SMBC's Websites and systems, including but not limited to unauthorized entry into SMBC's systems, misuse of passwords, or misuse of any information posted to a site, is strictly prohibited.

COPYRIGHT NOTICES

Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used in whole or in part in any manner without SMBC's prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. § 107), as amended, and then, only with notices of SMBC's proprietary rights provided that you may download information and print out hard copies for your personal use, so long as you do not remove any copyright or other notice as may be contained in information, as downloaded.

USE OF INFORMATION AND MATERIALS

The information and materials contained in these pages, and the terms, conditions, and descriptions that appear, are subject to change. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to final determination by SMBC and/or its affiliates. Investment services are not bank deposits or insured by the FDIC or other entity, and are subject to investment risks, including possible loss of principal amount invested.

LINKS

Links to non-SMBC Websites are provided solely as pointers to information on topics that may be useful, and SMBC has no control over the content on such non-SMBC Websites. SMBC makes no warranties, either express or implied, concerning the content of a Website not controlled by SMBC, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does SMBC warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. SMBC does not guarantee the authenticity of documents on the Internet generally. Links on the website pointing to non-SMBC sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites.

NO WARRANTY

THE INFORMATION AND MATERIALS CONTAINED IN THIS SITE, INCLUDING TEXT, GRAPHICS, LINKS OR OTHER ITEMS ARE PROVIDED "AS IS", "AS AVAILABLE". SMBC DOES NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THIS INFORMATION AND MATERIALS AND EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THIS INFORMATION AND MATERIALS. NO WARRANTY OF ANY KIND, IMPLIED, EXPRESSED OR STATUTORY INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF NON-INFRINGEMENT OF THIRD PARTY RIGHTS, TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND FREEDOM FROM COMPUTER VIRUS, IS GIVEN IN CONJUNCTION WITH THE INFORMATION AND MATERIALS.

LIMITATION OF LIABILITY

IN NO EVENT WILL SMBC BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES ARISING IN CONNECTION WITH THIS SITE OR ANY LINKED SITE OR USE THEREOF OR INABILITY TO USE BY ANY PARTY, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE, EVEN IF SMBC, OR REPRESENTATIVES THEREOF, ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES.

SUBMISSIONS

All information submitted to SMBC or its affiliates via this website shall be deemed and remain the property of SMBC and SMBC shall be free to use, for any purpose, any idea, concepts, know-how or techniques contained in information a visitor to this site submits or provides through this website. SMBC shall not be subject to any obligations of confidentiality regarding submitted information except as agreed by the SMBC entity having the direct customer relationship or as otherwise specifically agreed or required by law.

AVAILABILITY

This site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

ADDITIONAL TERMS

Certain sections or pages on this site may contain separate terms and conditions, which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions will govern for those sections or pages.

GOVERNING LAW

Use of this site shall be governed by all applicable Federal laws and the laws of the State of New York.

TRANSPARENCY & REPORTING


Pursuant to the Financial Instruments and Exchange Law of Japan, effective as of March 1, 2016, a person who has submitted a notification regarding Specially Permitted Businesses for Qualified Institutional Investors, etc. is required to make available to the public certain information. Information on the following entities can be obtained upon request:
If you would like to obtain information, please send an email to WaterLily@smbcgroup.com.

- Water Lily GP, LLC

Disclosure of Terms of Dealing for Foreign Exchange Transactions

 

SMBC Disclosures

 

Notice to all customers regarding the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006


The Unlawful Internet Gambling Act (UIGEA) of 2006 prohibits the U.S. branches of Sumitomo Mitsui Banking Corporation (SMBC) from processing restricted transactions through your business account. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling.

The UIGEA, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The United States Department of the Treasury and the Federal Reserve Board has issued a joint final rule, Regulation GG, to implement this Act.

As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable federal or state law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made.”

As a customer of SMBC, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.

Please contact your relationship manager if you have any questions.

Deposits are not insured by the FDIC
 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT


To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.

SMBC, CANADA BRANCH DISCLOSURES

We Can Help – Resolving Your Complaints
Please let us know if you have any questions, complaints or concerns about your dealings with Sumitomo Mitsui Banking Corporation, Canada Branch.

1) Talk to us

You may address your complaint or problem to your Account Officer or our Senior Compliance Officer.

Senior Compliance Officer
Sumitomo Mitsui Banking Corporation, Canada Branch
222 Bay Street, Suite 1400, P.O. Box 172
Toronto, ON M5K 1H6

If you are not satisfied with the action taken by Sumitomo Mitsui Banking Corporation, Canada Branch to resolve your concern, we encourage you to call or write to the relevant external independent body.

2) Resolution through external bodies

Ombudsman for Banking Services and Investments (OBSI)

Sumitomo Mitsui Banking Corporation, Canada Branch is a member of the Ombudsman for Banking Services and Investments. This is an independent external complaints body, approved by the Ministry of Finance, responsible for assisting banking customers with their concerns.

The Ombudsman for Banking Services and Investments will accept your request:

  • If you are not satisfied with the action taken by us to resolve your complaint;
  • If we have taken longer than 90 days to investigate and respond to your concern from the date it was received by our Senior Compliance Officer.

Once you have provided the relevant consent to the OBSI, we will fully co-operate with their investigation and provide them with all the information we have related to your complaint. You may contact the OBSI in writing at 401 Bay Street, Suite 1505, P.O. Box 5, Toronto, ON M5H 2Y4; by email at ombudsman@obsi.ca; by calling 1-888-451-4519 or through its website at www.obsi.ca.

Financial Consumer Agency of Canada (FCAC)
Financial Consumer Agency of Canada is responsible for ensuring that all financial institutions comply with federal consumer legislation and will investigate any complaint or concern that relates to a possible breach of that legislation. You may contact the FCAC in writing at 427 Laurier Ave. West, 6th Floor, Ottawa, Ontario K1R 1B9; by calling 1-866-461-3222 or through its website at www.fcac-acfc.gc.ca .


Customer Complaints Resolution
As required by the Complaints (Banks, Authorized Foreign Banks and External Complaints Bodies) Regulations SOR/2013-48, Sumitomo Mitsui Banking Corporation, Canada Branch confirms that we did not receive any complaints in 2017.


Deposits with the Sumitomo Mitsui Banking Corporation, Canada Branch are not insured by the Canada Deposit Insurance Corporation (CDIC).

Coercive Tied Selling

The Bank Act requires banks to inform customers in plain language that coercive tied selling is illegal.

What is Coercive Tied Selling?

Section 576.1 of the Bank Act prohibits banks from practicing coercive tied selling. More specifically, it is against the law for a bank to “impose undue pressure on, or coerce, a person to obtain a product or service from a particular person, including the bank and any of its affiliates, as a condition for obtaining another product or service from the bank.” You cannot be unduly pressured to buy a product or service that you don’t want, from an authorized foreign bank or one of its affiliates, to obtain another bank product or service from the authorized foreign bank.

The following two examples will help to explain coercive tied selling and what is not allowed.

Your bank’s mortgage specialist tells you that you qualify for a home mortgage. However, you are also told that the bank will approve your mortgage only if you transfer your investments to the bank or its affiliates. You want the mortgage, but you do not want to move your investments.

Your bank’s credit officer tells you that you qualify for a Registered Retirement Savings Plan (RRSP) loan. However, you are also told that the bank will approve the loan only if you use the money to buy the bank’s mutual funds. You want the loan, but you want to invest the money somewhere else.

Both of the above practices are against the law. If you qualify for a product, a banking representative is not allowed to excessively pressure you to buy another unwanted product or service as a condition of obtaining the product you want.

What is Our Commitment to You?

We expect all employees at Sumitomo Mitsui Banking Corporation, Canada Branch to comply with the law by not practicing coercive tied selling. We urge you to let us know if you believe that you have experienced coercive tied selling in any dealings with us. You can find out how to contact us below

What is NOT Coercive Tied Selling?

Most businesses, including Sumitomo Mitsui Banking Corporation, Canada Branch, look for tangible ways to show their interest in your business and appreciation for your loyalty. Sales practices, such as preferential pricing and bundling of products and services, offer potential and existing customers better prices or more favourable terms. These practices should not be confused with coercive tied selling, as defined by the Bank Act. Many of these practices will be familiar to you in your dealings with other businesses.

What is Preferential Pricing?

Preferential pricing means offering customers a better price or rate on all or part of their business. For example, a printer offers a lower price for each business card if you buy a thousand cards instead of a hundred. A shoe store offers a second pair of shoes at half price.

Similarly, a bank may be able to offer you preferential pricing – a higher interest rate on investments or a lower interest rate on loans – if you use more of its products or services. The following two examples will help to explain preferential pricing in banks.

After approving your application for a home mortgage from the bank, your bank’s mortgage specialist tells you that this mortgage would be available at a lower interest rate if you transferred your investments to the bank or its affiliates.

After approving your application for an RRSP loan, your bank’s credit officer offers you a lower interest rate if you use the loan to buy the bank’s mutual funds.

The above practices are acceptable. The approval of your mortgage and RRSP loan is not conditional on your taking another bank product or service. Rather you are offered preferential pricing to encourage you to give the bank more business.

What is Bundling of Products and Services ?

Products or services are often combined to give consumers better prices, incentives or more favourable terms. By linking or bundling their products or services, businesses are often able to offer them to you at a lower combined price than if you bought each product on its own. For example, a fast-food chain advertises a meal combination that includes a hamburger, fries and a drink. The overall price is lower than if you bought the three items separately.

Similarly, banks may offer you bundled financial services or products so that you can take advantage of package prices that are less than the sum of the individual items.

The following example will help to explain the bundling of bank products and services.

You plan to open a bank account that charges you for individual transactions. The banking representative offers you a package of services that includes a comparable bank account, a credit card with no annual fee and a discount on purchasing traveller’s cheques. The total price for the package is less than if you purchased each part of the package separately.

Bundling products in this way is permitted because you have the choice of buying the items individually or in a package.

How Do We Manage Our Credit Risk?

To ensure the safety of their depositors, creditors and shareholders, banks must carefully manage the risk on the loans and credit cards they approve. Therefore the law allows us to impose certain requirements on borrowers as a condition for granting a loan - but only to the extent necessary for us to manage our risk.

The following example will help to explain how banks manage such risk.

You apply for an operating loan for your business. To manage the risk associated with the loan, your bank requires your business to have an operating account with the bank as a condition for obtaining the loan.

The above example is legal and appropriate. Having your business’ operating account at the bank allows your bank to assess possible risks associated with your business’ cash flow and manage the risk associated with the loan.

At Sumitomo Mitsui Banking Corporation, Canada Branch, our requirements for borrowers will be reasonable and consistent with our level of risk.

How Can You Contact Us?

Please let us know if you have any questions, complaints or concerns about your dealings with Sumitomo Mitsui Banking Corporation, Canada Branch.

You may address your complaint to your Account Officer or our Senior Compliance Officer.
Senior Compliance Officer
Sumitomo Mitsui Banking Corporation, Canada Branch
222 Bay Street, Suite 1400, P.O. Box 172
Toronto, ON M5K 1H6

If your complaint involves a legislated consumer provision, you may contact the Financial Consumer Agency of Canada (FCAC) toll-free at 1-866-461-3222, or in writing
(a) at its office at 427 Laurier Ave. West, 6th Floor, Ottawa, Ontario K1R 1B9; or
(b) through its website at www.fcac-acfc.gc.ca.

Please see Customer Compliant Information for more details.

SUMITOMO MITSUI BANKING CORPORATION, CANADA BRANCH

STANDARD FEE SCHEDULE FOR BUSINESS ACCOUNT SERVICES

*All fees are in Canadian Dollars with exception for those who only hold USD accounts (fees in US Dollar).

(1) Deposit Effective: June 1, 2017

ITEM

STANDARD FEE

Official cheque issue

$15.00 per cheque

NSF cheque (cheque returned)

$20.00 per cheque

Stop payment

$35.00 per cheque

Cheque drawing on own account

$ 0.75 per cheque

Deposit cheque on account

Nil

Monthly statement by mail

Nil

Monthly statement by fax/email

$10.00 per month

Special statement on request

$10.00 per account

Daily account movement advice by fax/email

$30.00 per month

Daily account movement advice by SWIFT (MT940/950)

$50.00 per month

Early cancellation of term deposit / loan

$50.00 per month + interest cost

Overdraft administration

$25.00 prime + 2% interest

Certificate of balance / confirmation

$25.00 other-negotiable


(2) Transfer Remittance

ITEM

STANDARD FEE

Outgoing transfer*

$30.00

Cable advice*

$10.00

Internal transfer – between accounts held at SMBC, Canada Branch

$10.00

Stop payment / cancellation

$40.00

* Payments that are in settlement of Loan, Deposit or Foreign Exchange transactions made with our Bank for the Customer’s own account will not be subject to Outgoing Transfer Fee and Cable Advice Fee.

 

STANDARD FEE SCHEDULE FOR TRADE-RELATED SERVICES

(1) Import Letters of Credit, Acceptances & Collections

ITEM

STANDARD FEE*

L/C Opening

0.25%, min $100

L/C Amendment

$50

L/C Cancellation

$100

Sight Payment

0.125%, min $75

Usance Payment

0.25% per month, min $75

L/G

Negotiable

Collection Items Paid (Sight)

0.25%. min $75, max $250

Collection Items Paid (Usance)

Above plus $15

Cable (additional to above fees)

$25


(2) Export Letters of Credit & Collections

ITEM

STANDARD FEE*

L/C Advising

$50

L/C Confirming

Negotiable, min $100

L/C Amendment

$50

L/C Cancellation

$50

Transfer

0.125%, min $250

Payment Commission

0.125%, min $75

Acceptance Commission

0.125%, min $75

Collection Commission

0.3%, min $75, max $250

Tracer

$25

*Standard fees are charged in the currency of the transaction.

December 1, 2016

 

Fee Schedule

E-MONEYGER® Online Banking Services

 

Basic

(No Fund Transfers)

Standard

(With Fund Transfers)

One time Set up Fee

Waived

Waived

Monthly Maintenance Fee

C$50.00

C$70.00

Initial System Administrator Token

Includes 1

Includes 1

Initial User Token

Includes 1

Includes 2

Additional User Token

Actual Cost

Actual Cost

Fund Transfers(outgoing)

N/A

C$25.00

 

Sumitomo Mitsui Banking Corporation, Canada Branch

Toronto Dominion Centre

222 Bay Street, Suite 1400, P.O. Box 172

Toronto, Ontario M5K 1H6, Canada

Main Tel: 416-368-4766

Fax: 416-367-3565