SMBC 三井住友銀行
Megabank · Sumitomo Mitsui Financial Group
A megabank known for the Olive integrated account/app and the V Point ecosystem, alongside a full nationwide branch and ATM network.
Account details checked against official documents
Verified 2026-07-29. Conditional fees show a selected channel together with its conditions.
| Official identity & account | Sumitomo Mitsui Banking Corporation; ordinary deposit account. | Company profile, Open an account |
|---|---|---|
| Availability | Personal ordinary deposit accounts, including the Olive account package, are currently offered. | Open an account |
| Application channels | Application is documented in the SMBC app or at a branch. | Open an account |
| Stated eligibility | The online route is documented for individuals living in Japan; route-specific age and existing-account conditions apply. | Open an account |
| Required documents | The app guide documents identity verification using a My Number Card, driving licence, or residence card under route-specific conditions. | Open an account |
| English channels | English corporate pages and an English telephone menu are documented; the reviewed retail application and app are Japanese-first. | Global website, Open an account |
| Branches & ATMs | SMBC branches and ATMs are available; convenience-store ATM fees follow separate conditions. | ATM fees |
| Account fee | No monthly maintenance fee is stated for the standard yen ordinary deposit account. | Open an account |
| Selected ATM fee | SMBC ATM withdrawal is ¥0 during the stated free-use window; ¥110 outside it. The window varies by weekday/holiday. — SMBC ATM; consult schedule for day-specific window | ATM fees |
| Selected transfer fee | SMBC Direct transfer: ¥0 to SMBC; to another bank ¥154 below ¥30,000 or ¥220 at ¥30,000 or more. — Internet banking; per transfer | Transfer fees |
| Update details | Address and telephone details can be changed in the app or internet banking when eligible; branch procedures remain available. | Change registered details |
| Close account | Eligible accounts can be closed through the app; accounts with linked services may require prior cancellation or a branch visit. | Close an account |
English support, by channel
| Website | Partial |
|---|---|
| Application | Not confirmed |
| Mobile app | Not confirmed |
| Phone support | Not confirmed |
| Branch | Not confirmed |
Channels without documentation read “Not confirmed” — based on official documentation, not anecdotes.
Key facts (with sources)
| Category | Value | Sources |
|---|---|---|
| Bank type | Megabank | Sumitomo Mitsui Banking Corporation |
| Monthly account fee | Free — Standard yen ordinary-deposit account | Sumitomo Mitsui Banking Corporation |
| Branch access | Yes | Sumitomo Mitsui Banking Corporation |
| Digital-only | No | Sumitomo Mitsui Banking Corporation |
| Online application | Yes | Sumitomo Mitsui Banking Corporation |
| ATM network | Own ATMs plus convenience-store ATM partners nationwide. | Sumitomo Mitsui Banking Corporation |
| Foreign-currency account | Yes | Sumitomo Mitsui Banking Corporation |
| International transfers | Yes | Sumitomo Mitsui Banking Corporation |
| Debit card | Yes | Sumitomo Mitsui Banking Corporation |
| Brokerage integration | Not confirmed | — |
| Point ecosystem | V Point | Sumitomo Mitsui Banking Corporation |
| Deposit insurance | Yes — Covered by the Deposit Insurance System up to ¥10 million in principal plus interest per depositor, per bank. | Deposit Insurance System |
Advantages
- Olive links account, debit, credit and points in one app
- V Point ecosystem for everyday spending
- Full megabank product range and branch network
Limitations
- Everyday service is Japanese-first
- Getting full value means using the SMBC/Olive ecosystem
- Fee waivers depend on conditions — read them
Who this is for
- People building around the SMBC/Olive and V Point ecosystem
- Those who want branches plus a modern app
What this is not
- People who need English-language service
- Those outside the V Point ecosystem
Accounts & products
- SMBC — Ordinary Deposit — The standard everyday yen account at SMBC, with no monthly maintenance fee.
About required documents
Banks typically request a residence card or ID, My Number, and a Japanese address. Exact documents vary by residence status, account type and timing. We do not estimate approval. Always confirm current requirements on the bank’s official pages and with the Immigration Services Agency.
Alternatives
- MUFG Bank — Japan’s largest bank by assets, with an extensive nationwide branch and ATM network and a full range of consumer, mortgage and business services.
- Mizuho Bank — One of the three megabanks, with a nationwide branch and ATM network and a full range of retail, mortgage and corporate services.