Tuition Fee Notification and Payment via App... Full Expansion of 'Smart School Banking'

Smart School Banking Introduced Nationwide in Preschools, Elementary, Middle, and High Schools
Education Fees Can Now Be Billed and Paid via AllOneBank App

[Asia Economy Reporter Han Jinju] The 'Smart School Banking' service, which allows parents to receive and pay education fees via a mobile app instead of paper, will be fully implemented in all schools.

On the 1st, the Ministry of Education announced that it will expand the 'K-EduFine Smart School Banking' service, developed in collaboration with the Korea Education and Research Information Service and NH Nonghyup Bank, to all kindergartens, elementary, middle, and high schools nationwide starting from the 2nd.

Smart School Banking is an electronic payment service where education fees that parents must pay, such as after-school program fees, experiential learning fees, and graduation album fees, are notified through the All One Bank app, allowing parents to check the notification details and make payments via the app.

The Smart School Banking service can be accessed through Nonghyup Bank's All One Bank app. With the addition of the education fee payment notification function, users can check notification details and payment history anytime. Open banking is applied, enabling payments from accounts other than Nonghyup accounts, according to parents' preferences.

After downloading the All One Bank app from Google Play or the Apple App Store, parents can apply for Smart School Banking by searching for and entering student information, then proceed to pay and verify education fees.

The Smart School Banking service began as a pilot in 2020, was applied to 28 schools last year, and will be introduced to all schools starting this year.

Schools can voluntarily choose whether to use the Smart School Banking service. Parents can use the method most convenient for them among existing electronic payment services (School Banking, Bulk Fund Transfer Service (CMS), Electronic Funds Transfer (EFT), credit card) and Smart School Banking.

The Ministry of Education has introduced K-EduFine Bulk Fund Transfer Service, School Banking, Electronic Funds Transfer, and credit card payment methods to enhance convenience in education fee payments, and has now applied mobile app payment methods as well.

As of February, the electronic payment services used by schools nationwide are Electronic Funds Transfer (11,572 schools), automatic credit card payment (9,110 schools), and Bulk Fund Transfer Service (2,857 schools), in that order.

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