When will SBI take first 100,000 yen for new t-NISA?

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Roger Van Zant
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Location: Kyushu

When will SBI take first 100,000 yen for new t-NISA?

Post by Roger Van Zant »

SBI took my final 30,000 yen today for the old ~2023 t-NISA.

I also thought I had set it up so that my first monthly 100,000 yen of the new t-NISA would also be taken today (December 18th).
However, I just logged into SBI and see that the cash is still there.
And it looks like the next time they will take money will be January 18th 2024.
https://ibb.co/r4Y2H8J

Is my understanding correct?

Also, do I have to manually cancel my old t-NISA?
According to the above screenshot, SBI will take 30,000 yen on January 18th for this....
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Tsumitate Wrestler
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Posts: 655
Joined: Wed Oct 04, 2023 1:06 pm

Re: When will SBI take first 100,000 yen for new t-NISA?

Post by Tsumitate Wrestler »

Roger Van Zant wrote: Mon Dec 18, 2023 8:26 am SBI took my final 30,000 yen today for the old ~2023 t-NISA.

I also thought I had set it up so that my first monthly 100,000 yen of the new t-NISA would also be taken today (December 18th).
However, I just logged into SBI and see that the cash is still there.
And it looks like the next time they will take money will be January 18th 2024.
https://ibb.co/r4Y2H8J

Is my understanding correct?

Also, do I have to manually cancel my old t-NISA?
According to the above screenshot, SBI will take 30,000 yen on January 18th for this....
Is it a bank sweep or a securities account?

Credit card sweeps are done a month in advance. Bank sweeps are usually done on a set day monthly, security account sweeps are customizable.

Also, do I have to manually cancel my old t-NISA?

It says "old/former" Tsumitate Nisa. However, If the last transaction has been completed you might as well cancel it to be safe.
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