Woori Bank Launches First Non-Face-to-Face Child Account Inquiry Service in Financial Sector

Real-time Remote Viewing of Children's Transaction History and Account Balance by Parents

[Asia Economy Reporter Kwangho Lee] Woori Bank announced on the 8th that it has launched the 'Woori Eye Account Inquiry Service,' the first in the financial sector to allow parents to check their children's accounts non-face-to-face.

The Woori Eye Account Inquiry Service enables parents to easily and quickly check transaction details and account balances of deposit and savings accounts, fixed deposits, and comprehensive housing subscription savings products for children under 14 years old through the parent's name WON Banking.

The service is available to legal representatives who simultaneously meet the criteria of being a parent and having parental authority, and can be used after logging in and accessing the Woori Eye Account Inquiry.

In particular, legal representatives can conveniently check accounts in real-time through WON Banking by consenting to the service and verifying submitted documents using scraping technology, without the hassle of visiting a branch with verification documents.

A Woori Bank official said, "This service was launched in response to recent changes in the financial environment such as the increase in non-face-to-face transactions and reflecting customer needs," adding, "We will continue to provide innovative financial services centered on customer experience."