Deposits
Yen denominated Deposits
Ordinary Deposit - Eligibility : Residents and non-residents
- Interest Rate : 0.02%
- Deposit period : No limit
- Minimum deposit : No limit
Time deposit - Eligibility : Residents and non-residents
- Placement periods : Available from 3 to 36 months on a monthly basis.
- Minimum deposit : 1,000
Notice Deposit - Eligibility : Residents and non-residents
- Interest Rate : 0.04%
- Deposit period : A minimum lock-up period of a week. 2 days notice is
required for closing an account
- Minimum deposit : 50,000
Current Account - Eligibility : Residents and non-residents
- Interest Rate : None
- Deposit period : No limit
- Minimum deposit : No limit
US dollar denominated Deposits
Ordinary Deposit - Eligibility : Residents and non-residents
- Interest Rate : 0.2%
- Deposit period : No limit
- Minimum deposit : No limit
Time deposit - Eligibility : Residents and non-residents
- Placement periods : Available in the range from 1 month to 36 months on
a monthly basis.
- Minimum deposit : U$ 10
WON denominated Deposits
Currently, our branch doesn't offer our clients won-denominated deposit facilities, but we plan to introduce products denominated in won in the near future, which will make us the first foreign bank in Tokyo to do so.
Upon request, we play an intermediary role by providing a wide range of products and services on behalf of KEB branches in Korea. Services offered include account openings, deposits and withdrawals.
Required documents for opening an account :
Individual : Identification such as a passport, driver's license, foreign resident card, and insurance certificate and seal
Corporation : Corporate registration (within 6 months from the issue date), company seal certificate (within 3 months from the issue date), and company seal.
Remittance
Outbound remittance to Korea
Handling charges Remittance in yen - 100,000 yen or below : 2,500 yen.
- 100,001 - 500,000 yen : 3,800 yen.
- 500,001 - 3 million yen : 4,300.yen.
- above 3 million : remitted fund x 1 / 20 % + 2,800 yen.
example) 5 million yen /2500 ( 1 / 20 % ) + 2,800 yen
= 5,300 yen
Required documents - Individual : An identification card such as a passport, driver's license,
insurance certificate or foreign resident card.
- Corporate : Corporate registration (within 6 months from the issue date)
Note : Charges for inbound remittances from Korea Up to 3 million yen: 1,500 yen-
Above 3 million yen: remitted fund x 1 / 20 %
MAIL ORDER SERVICE
Feature :
Once your application for the service is received by mail, you can instruct your remittance needs via telephone, fax or email.
Individual/Corporation are equally eligible.
corporations are required to visit our branch to use this service.
Requirement for Service Application
Individual : Identification such as a passport, driver's license, insurance certificate foreign resident card. You can mail a copy of your identification along with the application form.
Corporate : Corporate registration (within 6 months of the issue date), company seal certificate
(within 6 months of the issue date), and company seal
How to apply
Choose a convenient access channel among telephone, fax or e-mail and call us on the following contact numbers. Mail Order Service, Korea Exchange Bank Tokyo Branch
TEL : 03-3216-3565
FAX : 03-3216-3640
e-mail : kebtkcom@cb.mbn.or.jp
Foreign Exchange
Available currency : Korean won, US dollar and Japanese yen
We offer competitive exchange rates that are the same as those quoted in Korea.
Loans
Eligibility - Corporate : Japanese enterprises and Japanese subsidiaries of Korean
companies
- Individual : Korean Japanese, Japanese and Koreans working at Korean
companies in Japan.
Category - General loans : Working capital loan, current account overdraft and loans in
foreign currency
- Trade finance : Purchase of bills of exchange or discount
- Others : Import financing, purchase of export bills under D/P,D/A produced
between a head office and its subsidiary, and a variety of guarantees
Term - Working capital and household loan : within 5 years
- Facilities¡¯ loan : Within 10 years
- Loan for the purchase of residential and commercial real estate : Within 30 years
Loan rate Our standard lending rates, which are adjusted in line with the prevailing market rate, will apply according to your loan period and credit rating.
Repayment Requirement - Equal installment repayment must be made at least once a year for loans
whose terms exceed a year.(Monthly redemption plus interest is used for the purchase of residential and commercial real estale)
- You can have a grace period matching up to a third of your loan period if you
adopt an equal installment repayment schedule.
- A grace period does not apply to household loans and real estate-secured loans.
Others
Export-Import Trade Services
A wide range of services related to export-import trade transactions.
DEALING ROOM
As the first Korean bank in Tokyo, we operate a DEALING ROOM independently.
Our dealing room mainly offers valuable information about international financial markets in a timely manner to clients involved in exports and imports as well as advisory services for risk management.
Advantages
Speedy Remittance Service
Korea ¡æ Japan
Money can be deposited to your account with us or you can claim it over-the-counter within half an hour after the money is sent through the 'lightening remittance service' in Korea
Money transfers to other banks in Japan : we contact each receiving bank to provide the necessary information in an effort to provide a quick transaction process.
Japan ¡æ Korea
Quick deposit: Within half an hour by using the 'lightening service.'
Competitive charges: Our branch - 2,500, Japanese banks- around 7,000