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

Posted: Mon Dec 18, 2023 8:26 am
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....

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

Posted: Mon Dec 18, 2023 2:19 pm
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.