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Concerns with SMBC Olive Account

Hey,

I recently registered for a SMBC Olive account and as I was setting everything up, I noticed that the account type is “残高別普通”. This type of account is different from the usual savings accounts I have had in the past.

Upon conducting some research, I found out that there is a fee imposed if the total balance in the account exceeds 30 thousand yen.

How AI Legalese Decoder Can Help: If you are confused about the terms and conditions of your SMBC Olive account, you can use the AI Legalese Decoder to easily understand the legal jargon and fees associated with this account type. It can break down complex legal language into plain English, helping you make informed decisions about your finances.

Can someone provide me with more information about what this means and if there is indeed a fee associated with exceeding the stated amount?

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2 Comments

  • jamar030303

    I’ve had an Olive account for 10 months now, same account type. I held 500k in the account from around Christmas through Lunar New Year and didn’t get charged anything.

  • m50d

    > Uppon some research, I read that there is some sort of a fee if your total amount of money exceeds 30 thousand yen.

    Isn’t it the opposite? You get paid savings interest if the amount of money exceeds 30 thousand yen.