Hana Bank Offers 30,000 Hana Money for Signing Up for 'Discretionary ISA'

[Asia Economy Reporter Song Seung-seop] Hana Bank announced on the 21st that it will hold an event to give 30,000 Hana Money to new customers (including contract transfers) who sign up for the ‘Discretionary ISA’.

The Individual Savings Account (ISA) allows deposits of up to 20 million KRW per year for 5 years, totaling a maximum of 100 million KRW. If maintained for more than 3 years, a tax exemption benefit of up to 4 million KRW on net profits is provided. For profits exceeding 4 million KRW, a separate tax rate of 9.9% applies. The Discretionary ISA is an investment product where a model portfolio suitable for the subscriber’s risk investment propensity is proposed, and the subscriber selects the investment products accordingly.

The event applies to customers who newly subscribe to the ‘Discretionary ISA’ product with at least 100,000 KRW and register automatic transfers for more than one year, or maintain a balance of at least 1 million KRW until the event ends. Contract transfers are also allowed, not just new subscriptions. Upon meeting the conditions, 30,000 Hana Money, the integrated membership points of Hana Financial Group, will be given. The event runs until the end of November.

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