Woori Bank introduces tailor-made services for foreign customers

By Yi Whan-woo

Woori Bank has introduced tailor-made services for foreign customers living in Korea, including exemptions on overseas remittance fees, the lender said Thursday.

Woori Bank headquarters in central Seoul / Korea Times file
Woori Bank headquarters in central Seoul / Korea Times file

It said “Woori Global Package” offers no transaction fees for foreign customers who open new bank accounts, as well as waived remittance fees for wire transfers outside Korea and debit card benefits.

“We expect our foreign customers to take better advantage of our banking services,” the lender said, adding 200 new customers will be offered a gift card worth 20,000 won on a first come, first served basis.

The lender operates 29 branches that cater to foreign customers.

In May, the bank opened five branches nationwide _ Gwanghui-dong, Jung District, in central Seoul, Ansan, Uijeongbu, Baran-ri in Gyeonggi Province and Gimhae in South Gyeongsang Province _ to provide offline banking services on Sundays.

Woori Bank’s move came despite the continued shortening of operating hours at offline branches in the bank industry, as lenders increasingly adopt online transactions.

Source: Korea Times