Shinhan Bank Launches New Someday Foreign Currency Savings Account

Non-face-to-face USD Foreign Currency Savings for Overseas Travel Expenses
Up to 90% Exchange Rate Preferential for Deposits from 1 to 10,000 Dollars

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 24th that it has newly launched the Someday Foreign Currency Savings Account to help prepare funds for overseas travel.

The Someday Foreign Currency Savings Account is a non-face-to-face exclusive USD foreign currency savings product that allows deposits from a minimum of 1 dollar up to a maximum of 10,000 dollars with no limit on the number of deposits, and the automatic transfer cycle and amount can be freely set.

Subscription to the product is available through the Shinhan SOL application (app), and the interest rate is announced daily and can be checked at the time of subscription. Additionally, the savings period can be set from 6 months to 12 months, and partial withdrawal is allowed up to 3 times.

In particular, deposits can receive up to 90% exchange rate preferential treatment, and upon cancellation, foreign currency cash can be withdrawn without cash handling fees, making it a suitable product for customers interested in exchange rate arbitrage and holding USD cash.

Shinhan Bank is also conducting a launch event for the Someday Foreign Currency Savings Account. Until January 29 next year, 3,000 customers who subscribe to the Someday Foreign Currency Savings Account and participate in the event will be given 10,000 won points for Yanolja or Jeju Air, or a banana milk exchange coupon on a first-come, first-served basis.

A Shinhan Bank official said, "We hope this product will help customers preparing for overseas travel someday after the COVID-19 pandemic," and added, "We will continue to develop various foreign currency products that meet customer needs."

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