Kookmin Bank Opens KB Foreign Currency Money Box Service... Exchange Rate Discount Up to 90%

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 29th that it has launched the ‘KB Foreign Currency Money Box’ service.

The KB Foreign Currency Money Box is a service that allows currency exchange 24/7, 365 days a year through KB Star Banking for 20 foreign currencies including the US dollar, Japanese yen, and European Union currencies, with a daily limit of less than USD 10,000 equivalent and an annual limit of up to USD 300,000 equivalent. The service is available to individual residents who are Korean nationals, and preferential exchange rates are applied differentially by currency up to 90% for up to KRW 1,000,000 per day without any transaction performance conditions.

The foreign currency cash applied for can be received anytime in cash by visiting any KB Kookmin Bank branch when needed, such as for overseas travel. Additionally, in the case of US dollars, if the customer wishes to transfer to a foreign currency account in their name, the cash can be deposited without a storage fee, and foreign currency ATMs can be used for cash withdrawals.

A KB Kookmin Bank official stated, “This service allows customers to exchange currency in advance when exchange rates are low, making it an essential item for customers planning overseas travel in the post-COVID-19 era,” and added, “We hope many customers will use this service as it enables easy and convenient currency exchange and even currency investment.”