N-Euro Also OK... Kookmin Bank Expands Currencies for 'Barobone Foreign Currency Account'

KB Kookmin Bank's foreign exchange tech-exclusive account, the ‘Baroboneun Foreign Currency Account,’ will now be available in Japanese Yen and Euro as well.

On the 20th, Kookmin Bank announced that it is expanding the currencies available for the Baroboneun Foreign Currency Account to include US Dollar (USD), Japanese Yen (JPY), and Euro (EUR). Previously, only US Dollars were available.

The Baroboneun Foreign Currency Account is a foreign exchange tech-exclusive account that provides a service allowing users to check real-time profits based on exchange rate fluctuations through dedicated screens for each currency. It can be easily opened via mobile banking without visiting a branch.

The Baroboneun Foreign Currency Account offers a preferential exchange rate of 90% for USD and 80% for JPY and EUR on deposits and withdrawals. When the exchanged foreign currency is deposited into KB Kookmin Bank’s foreign exchange service ‘Foreign Currency Money Box,’ customers can receive foreign currency cash at a nearby branch, and foreign currency cash withdrawal fees are waived.

A KB Kookmin Bank official stated, “Due to the recent continued depreciation of the yen and increased customer demand for yen tech and other foreign exchange tech services, we have expanded the available currencies,” adding, “We will continue to actively launch customer-friendly products.”