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| Current Deposit |
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Deposit account with unrestricted deposits and withdrawals |
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Interest bearing account (No interest : less than EUR(USD)50,000.-) |
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No passbook/checkbook is issued (Statement is sent regularly) |
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Available currencies : EUR,USD,GBP |
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| Time Deposit |
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Minimum deposit amount : no limitation |
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Period : from 1 week to 1 year
(Preference : not less than EUR5,000.-/USD10,000.-, Longer than 1month) |
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Interest rate : varies depending on the amount and period |
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Available currencies : EUR,USD |
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| ¢Ñ Current accounts, savings and deposits held at Korea Exchange Bank Amsterdam Branch do not fall under the Dutch Deposit Guarantee Scheme. However these deposits are covered by deposit insurance system of Korea. |
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Required documents to open an account
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Individual (Residents in NL) |
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| Current Deposit |
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Application form (bank form) |
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Specimen signatures (bank form) |
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Passport copy or ID card or driver's license |
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Evidence of home address, sofi-number |
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CDD procedures |
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| Time Deposit |
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Current deposit account holder
(You must first open a current deposit account before you can open a time deposit account)
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Application for Time Deposit (bank form) |
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Corporate (Dutch registered legal entities) |
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| Current Deposit |
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Application form (bank form) |
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Specimen signatures (bank form) |
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Original or certified copy of the Certificate of Incorporation |
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Resolution of the board of directors to open an account (if applicable) |
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Certified excerpt from the Chamber of Commerce |
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Annual report |
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Passport copy or ID card or driver's license of authorized person |
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Evidence of home address, sofi-number of authorized person |
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CDD procedures |
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| Time Deposit |
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Current deposit account holder
(You must first open a current deposit account before you can open a time deposit account) |
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Application for Time Deposit (bank form) |
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¢Ñ Inquiry Desk :
Mr. S.G Lee (S.Mgr, XX-31-20-546-9371),
Mrs. Soonnam Kwen (Clerk, XX-31-20-546-9372) |
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| Corporate Loans |
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Target customers : Korea-based conglomerates as well as multi-national
companies (including subsidiaries and branches) |
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Type : Term loan, Revolving loan, Over draft facilities, and various kinds of
guarantees |
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Approval : on the basis of credit evaluation, credit rating, and collateral |
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Qualified collateral : local(Korea) collateral, a qualified guarantee, secured
account receivables, etc |
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Currency : USD, EURO |
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| Individual Loans |
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Target customers : Koreans resident in the Netherlands as well as Dutch citizens |
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Type : Term loan, Over draft facilities, and various kinds of guarantees |
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Approval : on the basis of credit evaluation, credit rating and collateral |
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Qualified collateral : local(Korea) collateral, a qualified guarantee, etc |
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Currency : USD, EURO |
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| Deposit Secured Loans |
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| [Local deposit-secured loan] |
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Target customers : Companies and individuals who have time deposits at our branch |
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Term : Up to the maturity date of the time deposit, Max. 5 years |
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Amount : 100% of the time deposit balance (Fluctuations of FX rates will be taken into account for loan payments) |
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Interest rate : Time deposit interest rate + 2% |
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Currency : USD, EURO |
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| [Deposit(Korea) secured loan] |
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Target customers : Companies and individuals who have time deposits with KEB branches in Korea |
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Term : Up to the maturity date of the time deposit, Max. 5 years |
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Amount(USD/EUR) : Up to the balance of the time deposit (Fluctuations in FX rates will be taken into consideration when the loan is disbursed in different currencies) |
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Amount(Korean Won) : Up to 80% of the time deposit balance |
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| Other Loans |
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In the primary as well as secondary market, KEB Amsterdam branch is actively seeking to participate in Syndicated facilities |
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Credit facilities will be provided to an applicant company, depending on the basis of the possible volumes of insured A/R, and on the basis of credit evaluation of an applicant company |
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¢Ñ Inquiry Desk :
Mr. S.W Yoon (S.Mgr, XX-31-20-546-9331),
Mrs. Hyoyun Park (Clerk, XX-31-20-546-9352) |
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Export(l/C)
Documents
Handling Service |
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Target customers : Dutch and Korean companies which have export businesses under the condition of Letter of Credit |
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Type : Both "Collection" and "Bills discount" are available |
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We operate a special desk which provides a high quality of service to both Dutch and Korean clients in terms of document handling. |
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| ¢Ñ KEB Specialists at the Special Desk : |
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(Dutch) Mr. Barney Sterrenburg (S.Mgr, XX-31-20-546-9351),
/ Mr. Hans Warps(Supervisor, XX-31-20-546-9378)
(Korean) Mr. S.G.Lee (Mgr, XX-31-20-546-9371)
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Import (l/C,D/A,D/P)
Documents
Handling Service
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Target customers : Dutch and Korean companies which have import business under the condition of Letter of Credit, Document against Acceptance, or Document against Payment |
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L/C Opening, D/A, D/P Settlement services are available |
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We operate a special desk which provides a high quality of service to both Dutch and Korean clients in terms of document handling.
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| ¢Ñ KEB Specialists at the Special Desk : |
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(Dutch) Mr. Barney Sterrenburg (S.Mgr, XX-31-20-546-9351),
Mrs Ji Yoon Kang (Clerk, xx-31-20-546-9334)
(Korean) Mr. S.G.Lee (Mgr, XX-31-20-546-9371) |
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Remittance / Foreign Exchange |
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| Inward Remittance |
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From KEB branches in Korea(or other countries) : The fund can be credited to your account on the same day it is remitted |
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From other banks in Korea(or other countries) : At least 2~3 days is required for the funds to be credited |
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Remitted funds can be claimed over the counter with the appropriate photo identification(passport) if you have no account with our branch |
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Local Anti Money Laundering Act (CDD Procedure) is always applicable |
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| Outward Remittance |
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To KEB branches in Korea(or other countries) : The fund can be credited to the beneficiary's account on the same day it is remitted |
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To other banks in Korea(or other countries) : At least 2~3 days is required for the funds to be credited |
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Remittances to accounts of banks other than KEB in Korea would subject you to additional charges |
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Local Anti Money Laundering Act (CDD Procedure) is always applicable |
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¢Ñ Inquiry Desk :
Mr. S.G Lee (S.Mgr, XX-31-20-546-9371),
Mrs. Soonnam Kwen (Clerk, XX-31-20-546-9372),
Mr. Ramon W.(S.Clerk, XX-31-20-546-9333) |
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Anti-Money Laundering Act in the Netherlands
The Act enforces the disclosure of any transaction that involves deposits and withdrawals of EUR15,000 or more in cash (or the equivalent in another currency), if the transaction is unclarified. Any suspicious transactions will be reported to the Gov¡¯t regulatory body. (The Act does not apply to the general public, but is aimed at preventing money laundering by drugs or weapons dealers.) |
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| Available Currency
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| Charge |
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Money transfers between accounts in the branch : Free |
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Cash withdrawal charge (only USD) : the amount x 2.0% |
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¡Ø Cash withdrawal : Only USD and EUR are available |
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| Exchange Rate |
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In principal, The exchange rate will be applied by our H/O's exchange rate system. However, it can be applied a little differently according to local circumstances. |
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| ¢Ñ Inquiry Desk : |
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Mr. A.J.M Smorenburg (DGM,XX-31-20-546-9341),
Mr. S.G Lee (S.Mgr, XX-31-20-546-9371),
Mrs Soon Nam Kwen (Clerk, xx-31-20-546-9372)
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