Release of English Version of Bank Transfer Service 'Send'

Photo by Send App initial screen

[Asia Economy Reporter Heo Midam] The English version of the bank transfer service 'SEND' has been launched. Foreigners will be able to freely and conveniently make deposits at convenience stores.

SEND partnered with the convenience store CU in February to launch the 24-hour bank transfer service SEND. It is a convenient service that allows cash to be deposited directly into a bank account at CU store counters without public certification or identity verification.

To use the service, install the SEND app on your smartphone, sign up using mobile phone verification, then enter the transfer amount and recipient account number. A barcode will be generated, which you present to the store staff and hand over the cash amount you wish to deposit.

Like making a bank transfer at a bank counter, deposits can be made down to the exact change, and there are no time restrictions. The fee is 500 KRW per transaction up to 500,000 KRW, which is about one-third of the 1,500 KRW ATM bank transfer fee charged by VAN companies.

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