"Easy and Fast Overseas Remittance" Busan Bank Launches 'WU Anytime Remittance' Service

[Asia Economy Reporter Kim Min-young] BNK Busan Bank announced on the 23rd that it has launched the 'Busan Bank-WU Anytime Remittance' service, which allows sending and receiving Western Union remittances to over 200 countries worldwide through its mobile banking application (app) without visiting a branch.

By using this service, even without the recipient's account number, users can simply enter the recipient's English name, destination country, and amount to send money overseas conveniently 24 hours a day, 365 days a year via the mobile banking app.

When receiving remittances, entering information such as the 10-digit remittance number (MTCN) received from the sender allows funds to be received in real-time during bank business hours.

The service is available to individual customers (including foreigners) with a maximum daily limit of USD 7,000. The remittance fee is a flat $5 regardless of the amount sent, and there is no separate fee for receiving remittances.