Gwangju Bank Launches ‘NaeTongjang’ Offering Benefits with Simple Financial Transactions

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 19th that it will start selling the ‘Naetongjang’ from the 20th, a deposit and withdrawal account that allows free transactions and exempts various financial fees.

‘Naetongjang’ is a demand deposit account that integrates the previously varied fee discount conditions for each Gwangju Bank deposit and withdrawal account into a simple system, providing fee exemption benefits for various fees even with routine financial transactions.

By meeting just one of the seven preferential conditions, transactions through the ‘Naetongjang’ account are eligible for unlimited exemption of electronic financial (internet/phone/smart banking) transfer fees, Gwangju Bank automated machine usage fees, and payer automatic transfer (including other bank automatic transfers) fees.

Additionally, subscribers holding a ‘Naetongjang’ receive a 50% discount each on overseas (outward) remittance fees, remittance exchange rates, and cash exchange rates when transacting in major foreign currencies (USD, JPY, EUR).

Park Ki-won, Head of Sales Planning at Gwangju Bank, said, “We launched ‘Naetongjang’ to reduce the inconvenience of having to subscribe to different products depending on customers’ occupations or transaction types in order to receive financial fee exemptions for existing deposit and withdrawal accounts. ‘Naetongjang,’ which practices customer-centered financial services, offers fee exemption benefits by fulfilling just one simple financial transaction in daily life, and anyone?whether salaried workers, self-employed, or housewives?can conduct convenient and economical financial transactions with just one ‘Naetongjang’.”

This content was produced with the assistance of AI translation services.