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Features |
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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. |
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Avoid foreign exchange fee! You can enjoy the benefit of no charge of foreign exchange rate. |
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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. |
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Current Acc. : All currencies whose exchange rates officially quoted. (19 currencies) |
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Fixed Deposit Acc. & Time Deposit Acc. : Currencies whose interest rates are quoted. |
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Minimum Deposit Requirement |
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No Limit
(Korean resident can deposit foreign currency purchased with Korean won without restrictions on the amount) |
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Applicable Deposit Account |
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Fixed Deposit Acc. & Time Deposit Acc. : Foreign currency Time deposit, HiFi2000 Free installment foreign currency deposits, F/X Risk Hedged Foreign Currency Time Deposit |
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Current Acc. : Foreign Currency Ordinary Deposit, Foreign Currency Current Deposits, Jump 2000 Foreign Currency Deposit |
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Service 1 : Exemption of Exchange Commissions |
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Who can get exemption?
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Individual making foreign currency transactions on his or her verifiable real name should have: |
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An average balance of USD 10,000 or more for the last 3 months in his or her ordinary foreign currency A/Cs or, |
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An average balance of USD 50,000 or more for the last 3 months in his or her foreign currency time A/Cs. |
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Commissions that are totally exempted are:
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Commission on foreign exchange, Commission on traveler's check purchase |
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Commission on the purchase of foreign currency check |
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Commission on overseas remittance |
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Service 2 |
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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. |
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