Gieun Waives Non-Face-to-Face Transfer Fees for Corporate Customers

IBK Industrial Bank announced that starting from the 11th, it will waive all transfer fees for corporate internet banking and corporate smart banking for all corporate customers (individual business owners and corporations).

Recently, some banks have waived internet and mobile interbank transfer fees for certain corporate customers, but IBK Industrial Bank plans to waive all non-face-to-face transfer fees unconditionally for all corporate customers.

Previously, a fee of 500 KRW per transaction was charged for transfers to other banks via internet and mobile banking, and 300 KRW per transaction for automatic transfers, with fee waivers only granted to some customers who met criteria such as the VIP program.

An IBK Industrial Bank official stated, "This full waiver policy for non-face-to-face transfer fees for corporate customers reflects the management philosophy of President Kim Seong-tae, who aims to uphold trust with customers and promote ‘upright finance’ that enhances social value. We will continue to seek ways to foster innovative growth with small and medium-sized enterprises and return profits to them to realize value-based finance."

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