Search results for military pension
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.
Finance
Sh Suhyup Bank launches Sh Golden Day Pension Account
Sh Suhyup Bank said on Jan. 27 it will launch the Sh Golden Day Pension Account for pension recipients in an ageing society. Although it is a demand deposit account, it offers up to 3.2 percent annual interest on daily ending balances up to 2 million won if requirements are met. Preferential-rate conditions include public pension deposits, benefits for fisheries customers and a special bonus rate for new customers. The bank also offers fee waivers, exchange-rate benefits and a cashback event.
