KakaoBank Extends ATM Usage Fee Waiver for 6 Months
[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 28th that it will extend its cash deposit and withdrawal machine (CD·ATM, hereafter ATM) fee waiver policy until December 31 of this year.
KakaoBank account holders and KakaoBank 'Mini' customers can use withdrawal, deposit, and transfer services free of charge at all ATMs installed nationwide in convenience stores, banks, and other locations.
Since launching customer services in July 2017, KakaoBank has maintained a policy of waiving ATM usage fees.
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As of the end of the first quarter of this year, the ATM usage fees paid by KakaoBank on behalf of customers amount to 146.4 billion KRW. Fees are also waived for KRW transfers and remittances made through the KakaoBank mobile application.
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