Gwangju Bank's 'Happy Life Travel Sketch Foreign Currency Savings' Surpasses 10,000 Accounts

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Bank (President Song Jongwook) announced on the 28th that its ‘Happy Life Travel Sketch Foreign Currency Installment Savings’ has surpassed 10,000 accounts.

The Happy Life Travel Sketch Foreign Currency Installment Savings offers various benefits such as preferential foreign currency-related fees and cashback, with the concept of ‘the meeting of finance and travel,’ helping customers save a lump sum for overseas travel.

As travel bubbles have expanded?agreements between countries considered relatively safe from COVID-19 infection risks allowing free travel limited to the agreement countries?customer expectations for overseas travel have increased, boosting subscriptions to the ‘Happy Life Travel Sketch Foreign Currency Installment Savings.’

Additionally, amid global economic downturn and ongoing uncertainty, investors preferring safe assets have increased, making foreign currency deposits a favored financial tool. Recently, with the decline in the KRW-USD exchange rate, demand from customers wanting to buy dollars while they are cheap has risen, further fueling the currency exchange investment trend.

Subscriptions are available from a minimum of 50 USD to a maximum of 5,000 USD, for periods between 6 months and 2 years. The basic interest rate is 0.12% per annum.

Moreover, the subscription method, previously limited to branch counters and internet banking, has been expanded to include smart banking and mobile web, enhancing customer accessibility. Up to 70% exchange rate preferential treatment is provided upon installment.

Kim Hyunseong, Head of the Foreign Exchange Business Department, stated, “We will continue to do our best to provide various services and products in line with changing foreign exchange demands and trends.”

Meanwhile, Gwangju Bank has been capturing customer interest by continuously launching products reflecting customer needs and trends. Recently, reflecting the preference for safe assets and the craze for fractional investment, it launched ‘Dollajin (DOLLAR 眞) Foreign Currency Installment Savings,’ allowing customers to easily participate in currency exchange investment with just 1 USD.

It also renewed and launched ‘Happy Life Travel Sketch Installment Savings IV,’ which offers various benefits such as travel-related cashback and exchange rate preferential treatment, in addition to interest income, to prepare for the post-COVID-19 era and respond to the low-interest-rate environment.

By releasing story-driven products such as ‘Sangsaeng Savings,’ which contributes to both local residents’ lump-sum savings and the activation of the Gwangju Sangsaeng Card, the ‘Burning Youth’ package product supporting the second youth of senior customers aged 50 and above, the ‘KIA Tigers Victory Commemoration Savings and Installment Savings,’ and the ‘Neok-it Account,’ Gwangju Bank reflects customer lifestyle demands and gains empathy, building a solid customer base from youth to senior customers.

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