Gwangju Bank Smart Banking Launches 'Smart ATM Withdrawal Service'

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 28th that it will implement a ‘Smart ATM Withdrawal Service’ that allows cash withdrawal from ATMs without a card through its smart banking app.

The ‘Smart ATM Withdrawal Service’ enables cash withdrawal from ATMs using only login to Gwangju Bank’s smart banking without a card. When using Gwangju Bank’s open banking, users can also withdraw cash without a card from other registered bank deposit and withdrawal accounts through the ‘Smart ATM Withdrawal Service’.

Android smartphone users can select the ‘ATM Withdrawal’ service after logging into the Gwangju Bank smart banking app, and by bringing their smartphone close to the ATM’s NFC (Near Field Communication) area, the authentication number and other information are automatically transmitted to the ATM, allowing cash withdrawal.

However, iPhone (iOS) users are required to enter the withdrawal account number and authentication number.

Additionally, Gwangju Bank’s smart banking offers a new service called ‘Doraewa Na’ (Peers and Me).

This service allows users to compare the proportion of asset management such as savings, funds, and retirement preparation investments with peers of similar age groups. The system is designed to enable self-diagnosis of asset management status, comparison, and easy access to necessary product subscriptions.

Jung Chan-am, Vice President of Gwangju Bank, said, “In the increasingly evolving digital finance era, we will do our best to provide products and services that lead financial trends for the convenient financial life of our customers.”

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