Features
Korea Exchange Bank, the best Foreign Exchange Bank in Korea, has been providing customers with 36 years of know-how and specialty in foreign exchange.
Avoid foreign exchange fee! You can enjoy the benefit of no charge of foreign exchange rate.
As soon as you open this New Dream foreign currency deposits, you can enjoy a new level of foreign currency services. No Bank fees or charges are directly applicable to this product.
Eligibility
No limitation
Currencies
Current Acc. : All currencies whose exchange rates officially quoted. (19 currencies)
Fixed Deposit Acc. & Time Deposit Acc. : Currencies whose interest rates are quoted.
Minimum Deposit Requirement
No Limit
(Korean resident can deposit foreign currency purchased with Korean won without restrictions on the amount)
Applicable Deposit Account
Fixed Deposit Acc. & Time Deposit Acc. : Foreign currency Time deposit, HiFi2000 Free installment foreign currency deposits, F/X Risk Hedged Foreign Currency Time Deposit
Current Acc. : Foreign Currency Ordinary Deposit, Foreign Currency Current Deposits, Jump 2000 Foreign Currency Deposit
Preferential Services
Service 1 : Exemption of Exchange Commissions
Who can get exemption?
Individual making foreign currency transactions on his or her verifiable real name should have:
An average balance of USD 10,000 or more for the last 3 months in his or her ordinary foreign currency A/Cs or,
An average balance of USD 50,000 or more for the last 3 months in his or her foreign currency time A/Cs.
Commissions that are totally exempted are:
Commission on foreign exchange, Commission on traveler's check purchase
Commission on the purchase of foreign currency check
Commission on overseas remittance
Service 2
Extended Limit of Loans in Korean won
100% of average balance of a foreign currency deposit for the last 3 months will be added to the revolving credit line of 'Hangajok Pyongsaeng Bankbook' or '21C business account',?when calculating won denominated loan limit.