SBI securities currency exchange

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Kiro
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Joined: Wed Apr 28, 2021 7:49 am

SBI securities currency exchange

Post by Kiro »

I just realized today that SBI securities is now offering under their "0 Kakumei" strategy, a currency exchange spread of 0 (used to be .25) when doing real time currency exchange USD<>JPY. Am I reading this correctly?
I'm probably late to the party since apparently they started at the end of last year (they're doing this via cash back of their fee for now, and once the system is in place it will be effectively 0).

I used to exchange via the SBI net bank in order to benefit from the 0.06 spread, then send the proceeds to the brokerage account. If I'm not missing anything (like a small hidden text somewhere...), does this mean it's just better to use the brokerage account now for USD<>JPY currency exchange?
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adamu
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Re: SBI securities currency exchange

Post by adamu »

Good find. I'll need to read the small print too.
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