Saemaeul Geumgo Raises MG Sangsang Bank Easy Transfer Limit from 2 Million to 5 Million Won per Day
[Asia Economy Reporter Minyoung Kim] Saemaeul Geumgo announced on the 9th that it has raised the daily limit for simple remittances on its mobile banking service ‘MG Sangsang Bank’ to 5 million KRW per day.
The MG Sangsang Bank application’s simple remittance limit is set at 2 million KRW per transaction and 5 million KRW per day with no monthly limit, and there are no separate remittance (transfer) fees. Notably, transactions can be made using a simple password or fingerprint authentication without a public certificate.
An official from the Saemaeul Geumgo Central Association stated, “The number of MG Sangsang Bank users and transaction amounts are continuously increasing, so we are listening closely to the needs of financial consumers,” adding, “We will continue to improve the user experience across all Saemaeul Geumgo electronic financial services, including MG Sangsang Bank, to enhance customer satisfaction.”
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Saemaeul Geumgo plans to release a renewed version of the MG Smart Banking app by the end of this month.
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