Suhyup Bank Launches Corporate Fund Management Account... Fee Waiver Benefits

[Asia Economy Reporter Kim Min-young] Sh Suhyup Bank announced on the 29th that it has newly launched the ‘Shda!Moa Corporate Fund Management Account,’ which offers various fee discount benefits to small business owners, self-employed individuals, and corporate business operators.

This account is a corporate-exclusive deposit product with free deposits and withdrawals, providing various fee discount benefits if ▲the average monthly balance is 1 million KRW or more, ▲the customer subscribes to Sh Suhyup Bank’s Gyeongrinara fund management system, or ▲applies for automatic transfer of three or more of the four major social insurance premiums.

The benefits include exemption from electronic financial transfer fees for up to 30 transactions per month, exemption from cash withdrawal fees at other banks’ ATMs for up to 5 transactions per month, exemption from off-hours cash withdrawal fees at Suhyup Bank ATMs, exemption from transfer fees to other banks at Suhyup Bank ATMs for up to 10 transactions per month, and exemption from passbook reissuance fees.

A representative from Suhyup Bank said, “This account will greatly help small business owners and self-employed individuals manage their operating funds,” adding, “We will continue to launch financial products with customized benefits reflecting corporate needs.”

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