Woori Bank Launches Creator Preferred Account... Fee Waivers and Preferential Exchange Rates
Reflecting the Era of Solo Media Content, Customized New Product Launch for Domestic YouTube Creators
Full Waiver of Correspondent Bank Fees and 80% Exchange Rate Discount on Earnings Deposited via 'Receiving Overseas Remittances'
[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 30th that it will launch a new product tailored for domestic YouTube creators, reflecting the era of one-person media content, called the ‘Woori Creator Preferential Account’.
YouTube creators upload video content they produce to YouTube and receive revenue generated from content views and embedded advertisements via overseas remittances from Google.
Launching on July 1, this account offers benefits such as ▲ full exemption of outward remittance fees ▲ 80% preferential exchange rate when the revenue received via overseas remittance is directly deposited through the non-face-to-face ‘Receive Overseas Remittance’ service. Additionally, preferential benefits are provided 12 times during the first year of subscription, and from the following year, the same benefits can be received if the number of deposits in the past year is nine or more.
‘Receive Overseas Remittance’ is a service that allows users to directly check overseas remittances of up to USD 50,000 per individual and per sender through Woori Bank’s internet banking and Woori WON banking, and immediately deposit the funds into their own account. When deposited into the ‘Woori Creator Preferential Account,’ preferential benefits are automatically applied. The service is available on weekdays from 9 a.m. to 4 p.m.
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A Woori Bank official stated, “With the rapid growth of the one-person media market, the number of domestic customers generating content revenue is expected to increase, which led to the launch of this new product,” and added, “We will continue to release financial products and services that reflect digital trends.”
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