Shinhan Bank, Electronic Trade Service Usage Fee Waiver Event

Fee Waiver for New Electronic Trade Service Contract Customers
Contracting Possible Non-Face-to-Face Without Visiting Bank

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 5th that it will hold a new electronic trade service subscription event in collaboration with Korea Trade Network (KTNET).

Customers who newly subscribe to the electronic trade service through Shinhan Bank or KTNET by the end of December and designate Shinhan Bank as their electronic trade transaction bank will be exempt from the monthly service basic fee of 20,000 KRW and electronic document transmission fee (479 KRW per 1KB) for three months including the subscription month.

The electronic trade service subscription can be done non-face-to-face via the foreign exchange electronic trade menu of Shinhan Bank's corporate internet banking or the uTradeHub site operated by KTNET. After signing up as a member and registering a digital certificate, customers can complete the electronic transaction agreement and receive the benefits.

The electronic trade service allows non-face-to-face processing of export and import tasks such as export letter of credit notification or import letter of credit issuance, paperless trade remittance without submission of supporting documents, issuance of purchase confirmation, and domestic letter of credit without visiting the bank. This shortens work time, reduces costs, and improves efficiency. Customers can also receive a 50% discount on bank fees such as letter of credit notification fees and issuance telegraph fees.

A Shinhan Bank official said, "In the untact era, customers can conveniently use export and import services without visiting the bank by utilizing electronic trade service (EDI). We encourage customers to actively take advantage of this opportunity where the service basic fee and transmission fee are waived."

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