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Finance

Hana Bank launches non-face-to-face small loans for public pension recipients

Hana Bank has launched a mobile-only small credit loan for customers receiving public pensions, allowing applications and disbursement through its app without visiting a branch. The product targets recipients of four major public pensions and expands an in-person offering to non-face-to-face channels. It carries a fixed annual interest rate of 1.0 percent and provides a single credit limit of 500,000 won for customers who receive public pensions at Hana Bank.

Fintech

Woori Bank expands non-face-to-face changes to public pension payment accounts

Woori Bank is expanding its non-face-to-face service for changing public pension payment accounts to improve convenience for senior customers. The bank said on Tuesday it has expanded the “four major public pension payment account non-face-to-face change service” on WooriWON Banking. The update allows recipients of the Government Employees Pension, Military Pension and Private School Teachers’ Pension to switch their pension payment account to a Woori Bank account without visiting a branch or using phone consultations.

Finance

NH NongHyup Bank signs contract to handle overseas remittances for military pensions

NH NongHyup Bank said on Tuesday it signed an outsourcing agreement with the Armed Forces Financial Management Agency for overseas remittance services for military pensions at its headquarters in central Seoul. Under the agreement, the bank will provide overseas remittance services to ensure stable pension payments to military pension recipients living abroad. It plans to strengthen military-related financial services following its selection as the dedicated bank for the service.