Hana Bank Launches 'Million Dollar Account' Investing in Overseas Stocks and Dollars

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 18th that it will launch the 'Hana Million Dollar Account,' which allows direct investment in overseas stocks in connection with Samsung Securities and enables investment in the safe asset of the US dollar.

The 'Hana Million Dollar Account' is a foreign currency multi-currency deposit and withdrawal account that can hold up to 10 currencies out of 27 available currencies. Through partnerships with securities firms, it allows management of overseas stock trading, foreign currency payments with a check card, and preparations for overseas travel and studying abroad, which are expected to increase after COVID-19, all within a single account.

Without separate transfer or currency exchange procedures for investing in overseas stocks, customers can directly invest the US dollars held at the bank into overseas stocks, reducing potential losses caused by exchange rate fluctuations and greatly enhancing convenience. The securities firms partnered for overseas stock investment will start with Samsung Securities and gradually expand.

To commemorate the product launch, various events such as preferential exchange rates and exemption from outward remittance fees will be held for customers who newly open a Hana Million Dollar Account.

First, a 90% preferential exchange rate event will be held until the 30th of next month for customers depositing or withdrawing US dollars, and remittance fees will be waived once per month for outward remittances of up to 500 US dollars per transaction until December 31st.

Additionally, for customers who open an additional account linked with Samsung Securities, the following events will be held until September 30th: ▲ 10,000 customers with an account balance of 10 US dollars or more will receive 10 US dollars, ▲ 1,000 customers who have traded overseas stocks totaling 1,000 US dollars or more through the account will receive 20 US dollars, and ▲ a weekly drawing of one winner for a total of six winners will receive a ‘Dyson Airwrap Styler’ as a prize. Detailed information can be found on the website.

A representative of Hana Bank’s Foreign Exchange Business Division said, “As Korea’s leading foreign exchange specialized bank, we will continuously add services so that every citizen can hold one Hana Million Dollar Account per person, just like a won account.”

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