Busan Bank Launches Overseas Remittance Service 'Busan Bank-WU Anytime Remittance'

International Remittance Fee Fixed at $5 Regardless of Amount

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 22nd that it has launched the ‘Busan Bank-WU Anytime Remittance’ service, which allows sending and receiving Western Union remittances to over 200 countries worldwide through its mobile banking app without visiting a branch.

By using the ‘Busan Bank-WU Anytime Remittance’ service, users can send money overseas easily 24/7 by simply entering the recipient’s English name, destination country, and amount to send in the mobile banking app, even without the recipient’s account number.

When receiving remittances, entering information such as the 10-digit remittance number (MTCN) received from the sender allows funds to be received in real-time during bank business hours.

The service is available to individual customers with a maximum daily limit of USD 7,000. The remittance fee is a flat rate of USD 5 regardless of the amount sent, and there is no separate fee when receiving money.

Busan Bank is running a promotion until the end of December, offering a 50% preferential exchange rate to customers who transact USD 500 or more using the ‘Busan Bank-WU Anytime Remittance’ service.

Additionally, during the event period, the first 100 customers who use the ‘Busan Bank-WU Anytime Remittance’ service will receive free remittance fee coupons, and foreign currency gifticons redeemable for cash will be provided as prizes through a lottery.

Jung Jae-ha, head of the Foreign Exchange Business Department at Busan Bank, stated, “This service was launched for customers who prefer non-face-to-face channels in the untact era. We will continue to strive to provide various benefits and convenient foreign exchange services.”

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