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| Time Deposit |
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Minimum
deposit: GBP 2,000 / US$5,000 |
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Placement
periods: 1 month, 3 months, 6 months, 1 year. |
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Interest
rate: Dependent on deposit amount and term. |
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| Current Deposit |
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A non-interest
bearing account. |
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Checkbooks
are issued. |
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Foreign
students are eligible to open an account with a
passport and school admission. |
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Required documents to open an account |
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| Individual |
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Passport. |
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Proof of residence confirmation (example, utility bills for the last three months). |
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Statement of existing bank |
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Employment certificate |
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| Foreign students |
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Passport. |
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School letter (Expirations of visa and school letter should be at least 1 year away. Language school letter is also acceptable.) |
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Proof of residence confirmation |
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| Corporation |
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Corporate registration. |
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Board's resolution. |
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Passport of authorized directors. |
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Place of residence confirmation of authorized directors. |
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Financial statements. |
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Inquiry Desk : Mrs. HJ Kim (Kim Hae-Jin) |
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Tel : 44 (0) 207 606 0191 (ext. 613), 44 (0) 207 325 6613 (direct) |
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| Category |
Coverage |
Term |
Remark |
| Line of Credit |
Trade Financing |
T/R Loan |
Pre-shipment import financing and post-shipment financing to cover shipping charges, insurance and customs duty |
Within 1 year |
| Working Capital Loans |
S/T working capital fund |
| Term Loan |
L/T working capital fund |
L/T working capital fund |
Within 5years |
Equal installment repayments |
| Equipment / Facilities Loans |
Purchase/building-up facilities |
Within 10years |
Monthly installment repayments |
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Loan rates will vary depending on a borrower's credit ratings. |
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Your interest rate will be decided after consultation with you. |
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Enquiry
Desk : Senior Manager Sam Moon, Kim |
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Tel: 44 (0) 207 606 0191 (ext. 622), 44 (0) 207 325 6622 (Direct) |
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Remittance / Foreign Exchange |
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Remittance |
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Inbound Remittance |
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Remitted funds can be deposited to your account on the same day the money is remitted. |
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A handling
charge of 5 pounds will be charged for remittances up to 500 pounds,10
pounds for remittances up to 10,000 pounds and 15 pounds for remittances over 10,000
pounds. |
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If you do not have an account with us, you will have to pay a surcharge for amounts up to 500 pounds, 20 pounds for amounts up to 10,000 and 25 pounds for amounts over 10,000. |
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For funds remitted to other banks, the charges are as follows: 15 pounds for remittances up to 500 pounds,18 pounds for remittances up to 18 pounds, 22pounds for remittances up to 10,000 pounds
and 25 pounds for remittances over 10,000 pounds.
In the case of Euros, 10euros for remittances up to 500 euros,15euros for remittances
up to 5,000 euros, 20 euros for remittances up to 10,000 euros and
25 euros for remittances over 10,000 euros. |
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Outbound Remittance |
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Handling
charge of 15 pounds will be charged up to 500 pounds,25
pounds up to 5,000 pounds, 30 pounds up to 10,000
pounds and 40 pounds over 10,000 pounds when you
remit funds to banks outside of the U.K. |
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Money transfers to bank accounts other than KEB in Korea will subject you to additional charges, so
receiving remittances through a KEB account will reduce the costs. |
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Foreign Exchange |
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USD, GBP, EUR are available for foreign exchange. |
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Small amount of won can be exchanged into foreign currency. |
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A
1.5% charge will be imposed on conversion with T/C
issued by non-KEB. |
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Inquiry Desk: Mrs. HJ Kim (Kim Hae-Jin) |
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Tel: 44 (0) 207 606 0191 (ext. 613), 44 (0) 207 325 6613 (direct) |
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