Woori Bank Expands Affordable Overseas Remittance Service to 8 Countries

Canada, Germany, Spain and 3 More Countries Added

[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 27th that it will expand the target countries for its mobile-only small-amount overseas remittance service, ‘Altteul Overseas Remittance,’ from the existing 5 countries (United States, Australia, Indonesia, Vietnam, Philippines) to 8 countries. The newly added countries are Canada, Germany, and Spain.

Along with the country expansion, a foreign bank code verification process has been introduced, where entering the foreign bank code as numbers automatically displays the bank information, greatly improving convenience.

Launched in July last year, ‘Altteul Overseas Remittance’ is a simple and affordable mobile-only overseas remittance service. It features the ability to send overseas remittances easily 24/7 throughout the year via Woori One Banking without the need to designate a ‘foreign exchange bank for transactions.’ The single remittance limit is 3,000 USD for Indonesia and 5,000 USD for the other 7 countries.

The total fee actually borne by customers when using Altteul Overseas Remittance is about 5,000 to 8,000 KRW per country, which is up to approximately 30,000 KRW cheaper than existing services.

Woori Bank stated, “We will continue to expand the service countries so that more customers can use the remittance service conveniently and affordably.”

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