OK Savings Bank "Just Change Your Account for Simple Remittance Apps like KakaoPay and Toss"

OK Savings Bank Launches Specialized Deposit for Easy Remittance and Simple Payment

[Asia Economy Reporter Kim Min-young] OK Savings Bank announced on the 25th that it has launched the ‘Easy Remittance OK Account,’ a free deposit and withdrawal savings account.

The Easy Remittance OK Account, which allows free deposits and withdrawals, is a product specialized for the recently spreading easy remittance and easy payment services. Customers can register their opened account with the easy remittance and payment services of ▲KakaoPay ▲Toss ▲Payco ▲Naver Pay, and if they use easy remittance and payment services more than 10 times a month, they can receive preferential interest rates. The number of transactions is calculated as the total sum of easy remittance and payment performances regardless of the affiliated platform.

The basic interest rate is 1.5% per annum (before tax) for amounts up to 1 million KRW, and 1.0% per annum (before tax) for amounts exceeding 1 million KRW. When preferential conditions are met, an additional 0.5 percentage points are applied the following month, resulting in 2.0% per annum (before tax) for amounts up to 1 million KRW and 1.5% per annum (before tax) for amounts exceeding 1 million KRW. This product has a variable interest rate, which is applied based on the change date when the basic interest rate changes. The preferential interest rate varies monthly depending on the previous month’s performance.

Sales are limited to the first 1,000 customers, and accounts can be opened by visiting OK Savings Bank branches or through the OK Savings Bank mobile banking app.