Payment Application Possible to Own Account for Dormant Deposits Under 10 Million KRW
Payment Within 10 Minutes Upon Application

"Seogeumwon Dormant Deposits Can Also Be Claimed via Account Info" View original image

[Asia Economy Reporter Kim Hyo-jin] Starting from the 10th, users will be able to check and claim dormant deposits contributed to the Korea Inclusive Finance Agency through the AccountInfo app, an integrated account information management application.


On the 9th, the Financial Services Commission announced that after identity verification, dormant deposits contributed to the Korea Inclusive Finance Agency can now be viewed on AccountInfo. For dormant deposits under 10 million KRW, users can apply for payment to their own accounts. It is explained that payments will be made within 10 minutes after the application.


Until now, AccountInfo, which allows users to check accounts scattered across the financial sector at once, did not support viewing dormant deposits contributed to the Korea Inclusive Finance Agency, causing inconvenience as users had to check separately.


If the amount exceeds 10 million KRW, payment applications can be made at the financial institution branch that contributed the dormant deposit or at any nationwide Korea Inclusive Finance Integrated Support Center.


The financial authorities plan to improve the service by the end of the year to allow payment applications through 'Government24,' where dormant deposits contributed to the Korea Inclusive Finance Agency can also be checked.



For more details on using AccountInfo, please refer to the Financial Settlement Service's internet homepage guide or contact them by phone.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing