NongHyup Bank Launches 'NH PayMoa Account' Offering Preferential Interest Rates with Just 100,000 KRW in Pay Performance

Providing Up to 1.50% Annual Interest Rate Benefits and Waiving Electronic Financial Transaction Fees

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced on the 20th that it has launched a digital-only deposit and withdrawal product called 'NH Paymoa Account,' which offers interest rate benefits and fee waivers based on simple payment (pay) performance.

This product can be subscribed to through NH Smart Banking, All One Bank, and NH Link, and customers can use one account as the withdrawal account for 20 different pays, including ▲Naver Pay ▲Baemin Pay ▲L Pay ▲SSG Pay ▲Zero Pay ▲local currency, among others.

Customers with a combined simple payment (charging) performance averaging over 100,000 KRW per month through this product will receive an interest rate benefit of up to 1.50% per annum (base interest rate 0.10%, preferential interest rate 1.40%) on a daily balance up to 1,000,000 KRW. Customers who meet at least one of the following conditions: ▲simple payment (charging) performance of 100,000 KRW or more per month ▲monthly deposit of 100,000 KRW or more in NH Nonghyup Bank installment savings ▲registered NH Nonghyup Bank open banking account with at least one transfer per month, will receive an electronic financial fee waiver benefit.

To commemorate the product launch, the Paymoa event will be held for about two weeks from today until September 2. All customers who subscribe to this account and apply for the event will receive a banana milk mobile coupon (upgraded to a Starbucks mobile coupon if the number of subscribers during the period exceeds 1,000). Among customers who have registered for open banking and those with simple payment performance, one person each will be selected by lottery, and two people will receive 500,000 KRW in cash.

NH Nonghyup Bank's social network service (SNS) channels will also hold a webtoon quiz event, where 50 customers who answer correctly will be selected by lottery to receive Starbucks mobile coupons.

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