iM Bank Launches Foreign Currency Delivery Service and Signs Business Agreement with Partner Institutions

iM Bank announced the launch of a new foreign exchange service, 'iM Foreign Currency Delivery Service,' to strengthen its competitiveness in the foreign exchange market. On July 29, a signing ceremony was also held at the iM Finance Center in Jung-gu, Seoul, to ensure stable service provision and to establish a customer-centric financial ecosystem.

This service allows customers to choose the location and time to receive foreign currency. Customers can designate a specific location or opt for in-person pickup at CU convenience stores nationwide. Through the iM Bank application (app), users can set the location and time as desired to have foreign currency delivered (delivery fees apply). The service is divided into two types: delivery to the user directly, and delivery to another person.

(From left) Jooyong Jung, CEO of Jeniel System; Junghoo Oh, Executive Director of BGF Retail; Sangsoo Choi, Vice President of iM Bank; Donghwa Jung, CEO of Ufin Tech Hub

For in-person pickup, it is possible to set addresses in military areas and metropolitan cities. The CU convenience store pickup service is available at 217 CU stores located in the Seoul metropolitan area, Daegu, and the Gyeongbuk region (Gumi, Pohang, Gyeongsan), with plans to expand nationwide in the future. The maximum application amount is $2,000 (approximately KRW 2,763,600) for in-person pickup, and KRW 1,000,000 for deliveries to others or pickup at CU convenience stores.

To ensure smooth service operation, on July 29, a signing ceremony was held at the iM Finance Center with iM Bank as the consigned institution, online currency exchange operator Upintech Hub, and delivery and distribution partners Jenniel System and BGF Retail.

Hwang Byungwoo, president of iM Bank, stated, "iM Bank is collaborating with various industries to enhance customer convenience not only in financial life but also in everyday life. Through this agreement, we will work to provide even more convenient foreign exchange services." He added, "As we enter the vacation and holiday season, when demand for foreign exchange services increases, we hope this will make currency exchange more convenient for our customers. We will continue to strive to develop a wide range of financial services in the future."