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Current Position:HOMENotification

Notice

September 7, 2021

Partial Revision to the Seven Bank Account Terms and Conditions

The Seven Bank Account Terms and Conditions will be partially revised as follows.

[Terms and conditions revised]

- Seven Bank Banking Terms and Conditions

[Details of revision]

- Introduction of Article 23 (Unused Account Management Fee)
Providing for the definition of the term "unused account," withdrawal of the unused account management fee, and termination of unused accounts
Moving forward current Article 23 and subsequent Articles.

[Comparison table]

Before revision

After revision

Article 23 (Unused Account Management Fee)
1.Unused account
Accounts which have not been in use for a certain period specified by the Bank for transactions prescribed by the Bank, such as deposits other than the settlement of interest or withdrawals other than the withdrawal of the unused account management fee under this Article, shall be treated as unused accounts.

2. Unused account management fee
(1) If a customer's Account becomes an unused account, the Bank may withdraw the unused account management fee from the unused account by the method prescribed by the Bank, without notifying the customer and without the submission of a written request for refund.
(2) The unused account management fee once withdrawn shall not be returned.

3.Termination of unused accounts
(1) If the balance of an unused account is less than the amount of the unused account management fee, the Bank may appropriate the entire amount of balance for the unused account management fee and terminate the account, without notifying the customer.
(2) The unused account once terminated shall no longer be available for use.

Article 23 (Outsourcing of Back-office Operations)

Article 24 (Outsourcing of Back-office Operations)

Article 24 (Notification of Guardian, etc.)

Article 25 (Notification of Guardian, etc.)

Article 25 (Disclaimer)

Article 26 (Disclaimer)

Article 26 (Language)

Article 27 (Language)

Article 27 (Mutatis Mutandis Application of Other Provisions)

Article 28 (Mutatis Mutandis Application of Other Provisions)

Article 28 (Revision to Terms and Conditions)

Article 29 (Revision to Terms and Conditions)

Article 29 (Governing Law and Jurisdiction)

Article 30(Governing Law and Jurisdiction)

[Date of revision]

April 1, 2022

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