Gwangju Bank, Token-type OTP Issuance Fee Waiver Event

Gwangju Bank announced on the 10th that it will hold an event waiving OTP issuance fees for corporate customers until December 31.

This event offers corporate customers who visit branches and open a Corporate Partner Account and electronic banking services a waiver of the token-type OTP (one-time password generator) issuance fee (5,000 KRW per device).

The Corporate Partner Account sold by Gwangju Bank is a product available only to corporate customers (excluding individual customers). If the monthly average balance of this account is 3 million KRW or more as of the last day of each month, from the 11th of the following month to the 10th of the month after next, fees essential for corporations such as electronic banking interbank transfer fees (up to 200 transactions), certificate of deposit balance issuance fees, and automatic notification (SMS notification) fees for deposit and withdrawal details are waived. It is a deposit product that allows free deposits and withdrawals.

For more details about the product subscription and the event, customers can visit the nearest branch or contact the customer center.

Kim Jae-seung, Head of the Deposit Strategy Department, stated, “By implementing this event, we expect a twofold effect of attracting new local corporations and reducing fee burdens, albeit small.” He added, “We will continue to do our best to repay local businesses with financial services that support them.”

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