Hana Bank Launches Foreign Currency Savings Starting at 1 Dollar

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 8th that it has launched a 1-dollar foreign currency savings product that can be started with a small amount without burden and offers asset management features such as automatic transfers and exchange rate alerts.

This foreign currency savings account has a subscription period of 6 months, allowing free deposits from 1 USD to a maximum of 1,000 USD each month without any limit on the number of transactions, and permits up to 5 partial withdrawals.

The bank explained that this product was prepared in response to the increased demand for US dollar assets, the key global currency, due to COVID-19, and the growing need to transfer funds directly to stock accounts related to overseas stock investments.

After just one month of subscription, customers can withdraw dollar bills immediately without cash handling fees, and smart asset management is possible through the exchange rate alert feature that notifies customers of their designated exchange rates.

Subscriptions are limited to one account per individual, and if subscribed by March 2 of next year, an additional event interest rate of 0.10% per annum will be provided.

To commemorate the product launch, Hana Bank will deposit 1 USD as a subscription congratulatory amount regardless of the subscription amount, and if the savings are paid via automatic transfer, up to 3,000 Hana Money will be provided through Hana Members, the integrated membership program of Hana Financial Group.

This savings product will also be serviced to allow customers to conveniently use functions such as subscription, additional deposits, and partial withdrawals at affiliated companies where they mainly conduct transactions.

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