"We'll Make a Salary Account for Bosses Too"... BNK Busan Bank Launches Exclusive Account for Sole Proprietors

Non-face-to-face Deposit and Withdrawal Product for Effortless and Automatic Business Fund Management
Preferential Interest Rate Up to 1.80% Per Annum, Accumulation Limit of 10 Million KRW

BNK Busan Bank has launched a non-face-to-face deposit and withdrawal product for sole proprietors called the 'Boss Salary Account'.

This account is designed to allow business owners to automatically separate and accumulate designated business funds?such as representative salaries, value-added tax, and interior expenses?through an automatic savings feature. Enrollment is only available through the Busan Bank personal mobile banking app, and each person can open only one account per business registration number.

The automatic savings feature transfers a set percentage (5, 10, or 15%) or a specified amount (from 1,000 KRW to 1 million KRW) daily from the sole proprietor's deposit and withdrawal account. Manual deposits are not allowed, and the maximum amount that can be accumulated is 10 million KRW.

The base interest rate is 1.60% per annum. If payment amounts from four or more affiliated merchants among nine major card companies, including BC Card, are deposited, a preferential rate of up to 1.80% per annum is applied.

To commemorate the launch, an event will be held until July 31. The first 1,000 new customers will receive a 5,000 KRW cashback. Among customers who register their deposit and withdrawal linked account as a card merchant payment account and link it with four or more card companies, the first 300 will receive 30,000 KRW, and 10 will be selected by lottery to receive 200,000 KRW in cashback.

Kang Seokrae, Head of the Corporate Customer Group at Busan Bank, said, "We have developed a specialized product to help sole proprietors manage their funds predictably," adding, "We will continue to introduce a variety of financial services for small business owners."

BNK Busan Bank Headquarters.