Korea Post: "Standard Chartered Bank Financial Services Now Available at Post Offices"

Standard Chartered Bank financial services can now be handled at nearby post offices without any additional fees.

The Korea Post (Korea Post Headquarters) announced on November 10 that it will begin offering Standard Chartered Bank financial services at post office financial counters.

From the 10th, the Korea Post will offer Standard Chartered Bank financial services at post office financial counters. Provided by the Postal Service Headquarters

This service has become possible through a "joint use of post office counter network business partnership" between Korea Post and Standard Chartered Bank. Previously, in December last year, Korea Post signed a business agreement with Standard Chartered Bank to provide financial services through post office counters and ATMs.

As a result, the number of banks offering financial services at post offices has increased to a total of 11. Since 1998, Korea Post has provided deposit and withdrawal services for Citibank, as well as for Industrial Bank of Korea, Korea Development Bank, and Jeonbuk Bank. In November 2022, the partnership expanded to include KB Kookmin Bank, Shinhan Bank, Woori Bank, and Hana Bank, followed by Kyongnam Bank and iM Bank last year.

Korea Post’s handling of banking services is significant in that it supports in-person financial work for the elderly and other digitally vulnerable groups, especially as more bank branches are closing.

Kwak Byungjin, Acting Director General of Korea Post Headquarters, stated, "We will continue to strengthen the role of post offices as financial service hubs so that residents in rural and fishing communities, as well as the elderly and other financially vulnerable groups, do not experience inconvenience when using banking services."

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