Dollar-Saving Tech of the 2040 Generation... Hana Bank's 'One Dollar Foreign Currency Savings' Attracts 1 Million Dollars

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 8th that its 'Daily Dollar Foreign Currency Installment Savings' surpassed 10,000 accounts and $1 million in deposits just over a month after its launch.

The bank stated that this is the fastest-selling foreign currency installment savings product they have ever released.

Launched on the 3rd of last month, this foreign currency installment savings account has a 6-month subscription period, allowing unlimited monthly deposits of up to $1,000 without restrictions, and permits up to 5 partial withdrawals.

Additionally, after just one month of subscription, customers can withdraw US dollar bills without any cash handling fees. The product also features an exchange rate alert function that notifies customers of their designated exchange rates, enabling smart asset management, and it can be subscribed to remotely via mobile.

According to the bank, about 77% of subscribers are in their 20s to 40s, and the ease of small-amount, non-face-to-face subscription aligns well with the saving trends in the era of Jjantech (frugal + investment) and Untact (non-face-to-face).

A Hana Bank official said, “The Daily Dollar Foreign Currency Installment Savings is gaining popularity due to increased demand for dollar investments driven by a preference for safe assets and the fresh experience that foreign currency installment savings are not difficult. Since there are no cash handling fees after just one month of subscription, saving dollars and then withdrawing them for overseas travel in the post-COVID era is a good investment strategy.”

The bank is running an event until the end of this month, offering $1 as a congratulatory deposit regardless of the subscription amount to customers who open this savings account, and providing up to 3,000 Hana Money through Hana Members, Hana Financial Group’s integrated membership program, when paying the installment savings via automatic transfer.

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