‘Opening Savings Accounts Even in Military Units’… Hana Bank Launches Non-Face-to-Face Enrollment Service for Jangbyeong Naeil Junbi Savings Account

Up to 5.7% Annual Interest Rate Offered via App Without Visiting Branches

Hana Bank Launches Non-Face-to-Face Enrollment Service for Hana Soldiers' Tomorrow Preparation Savings Account

Hana Bank announced on the 5th that it will implement a non-face-to-face subscription service for the ‘Hana Soldier Tomorrow Preparation Savings’ to enhance convenience for military personnel.

To implement this non-face-to-face subscription service, Hana Bank signed a business agreement on the 20th of last month with the Military Mutual Aid Association C&C and the Korea Financial Telecommunications & Clearings Institute to establish a ‘Non-face-to-face Subscription System for Soldier Tomorrow Preparation Savings’ using blockchain-based digital identity verification. Among the 14 implementing banks, Hana Bank is the first to start the non-face-to-face subscription service for this product, excluding the National Love Card operator.

Military personnel can receive a ‘Soldier Tomorrow Preparation Savings Subscription Eligibility Certificate’ in the form of a digital certificate instead of a paper certificate through the ‘Nara Sarang Portal’ application and subscribe to the Hana Soldier Tomorrow Preparation Savings product via the Hana Bank mobile app ‘Hana One Q’. The bank explained that this eliminates the inconvenience of having to obtain a paper certificate and visit a bank branch in person. Additionally, non-face-to-face subscription is possible even at training camps before unit assignment, allowing support funds related to savings deposits throughout the entire service period.

The Soldier Tomorrow Preparation Savings is a tax-exempt product designed to help those fulfilling their military service obligations prepare a lump sum for social advancement after discharge. Savings of up to KRW 200,000 per month are possible per bank, with a combined maximum monthly deposit limit of KRW 400,000 across banks.

Hana Bank applies a basic interest rate of 3.5% to 5.0% depending on the period and offers a maximum annual interest rate of 5.7%, including a 0.5 percentage point preferential rate for holding a comprehensive housing subscription savings account and a 0.2 percentage point preferential rate for military salary transfers or card payments. Upon maturity after discharge, as part of the national support asset formation project, a 1% interest subsidy and a matching subsidy equivalent to 71% of the maturity principal and interest are provided. Based on an 18-month service period in the Army, if an individual deposits the maximum monthly amount of KRW 400,000, it is possible to prepare approximately KRW 13 million at discharge.

A Hana Bank official stated, “With the significant increase in soldiers’ salaries from 2023, interest in the Soldier Tomorrow Preparation Savings is growing,” adding, “Through the implementation of this non-face-to-face subscription service for Hana Soldier Tomorrow Preparation Savings, Hana Bank will do its best not only to improve convenience in soldiers’ financial transactions but also to support military personnel in preparing lump sums and advancing into society.”