"Find Sleeping Money Through Pine and Use Points as Cash"…10 Useful Financial Tips

The Financial Supervisory Service Provides Various Information Including Consumer Data and Financial Product Comparisons Through Fine

[Asia Economy Reporter Park Sun-mi] Finding my sleeping money, checking card points in one place and using them like cash, managing all my accounts at a glance...

On the 28th, the Financial Supervisory Service (FSS) selected and announced 10 key financial information items that have a high frequency of complaints and inquiries through the Financial Consumer Information Portal (Fine), which consumers can find useful to know and use.

Financial consumers can easily find their sleeping money held by financial companies. The FSS provides a service through Fine to check dormant financial assets that have not been claimed for a long time after transactions. Some small assets such as dormant deposits under 10 million won managed by the Korea Inclusive Finance Agency and unclaimed public charges can be applied for refund immediately after inquiry.

It is also possible to check and use integrated card points. Unused points from each card company can be checked in one place and, if necessary, converted to cash (1 point = 1 won) and transferred collectively to the consumer’s account. A bulk inquiry service is also provided for financial assets and debt information of deceased persons (including minors under guardianship, limited guardianship, missing persons, etc.) remaining in financial companies. By visiting the FSS or financial companies and submitting an application form, confirmation is possible through Fine within 20 days from the application date.

Managing financial assets also becomes easier through Fine. With a single identity verification and login, consumers can perform a one-stop inquiry of their accounts across all financial sectors and organize small or inactive accounts (closure or balance transfer). Additionally, it is possible to check all insurance contracts (life and non-life insurance) where the consumer is the policyholder or insured, as well as unclaimed insurance benefits.

Fine also provides a financial product comparison disclosure service that allows easy comparison and selection of financial products from multiple financial companies (a total of 850 products including savings, deposits, and loans). It offers integrated information on public and private pensions, including pension subscription details, expected pension amounts, and retirement financial diagnosis services. Information necessary for the entire process of automobile insurance, from subscription to accident occurrence and compensation processing, is also available for bulk inquiry.

Prevention of financial accidents is also possible through Fine.

If personal information leakage is registered on Fine, it is transmitted in real time to financial companies, blocking financial transactions attempted using the leaked personal information. To prevent and remedy damages from illegal finance such as voice phishing, illegal investment advice, and quasi-lending, Fine provides guidance on how to report damages, the latest damage cases, and prevention methods. Consumers can verify whether a company is licensed or registered under the Financial Business Act through the integrated management service for regulated financial companies and registered lending companies.

An FSS official stated, "We provide various information such as consumer information, financial product comparison, and financial transaction history inquiry through Fine," adding, "We hope it will be of great help to financial consumers planning face-to-face or non-face-to-face financial transactions in the future."

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