NH Nonghyup Bank Launches Non-Face-to-Face MMT Subscription Service... 'Sign Up via Video Call'

First in the Banking Industry: Non-Face-to-Face Subscription Now Available

On May 18, NH Nonghyup Bank announced that it has launched the bank industry’s first-ever “Money Market Trust (MMT) personal non-face-to-face subscription service” in order to respond to changes in the digital financial environment and to enhance convenience for customers who have difficulty visiting branches.

MMT is a product that mainly invests in short-term financial instruments such as repurchase agreements (RP) and issued promissory notes, aiming for stable returns. It offers high liquidity, allowing customers to deposit and withdraw funds at any time.

In particular, MMTs are in steady demand among both individual and corporate customers because they are highly useful as a vehicle for short-term fund management, especially in a financial environment marked by high interest rate volatility.

With the introduction of this service, individual customers can conveniently complete the MMT subscription process via video call without visiting a branch, using non-face-to-face channels such as NH Nonghyup Bank’s Smart Banking and All One Bank apps.

A representative from NH Nonghyup Bank stated, “We have launched this service to improve financial accessibility for customers who find it difficult to visit a branch and to provide a more convenient product subscription environment,” adding, “We will continue to expand our digital services to remain a reliable financial partner that prioritizes customer satisfaction.”

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