KB Kookmin Bank to launch express money transfer service
Published: 02 Jun. 2016, 20:41
With this system, customers can transfer a fixed amount of foreign currency on a specified day and can also send their balance in one-hour intervals during the bank’s open hours, while being restricted to a daily transfer of $5,000.
Customers will get the benefits of a money transfer service that does not require the receivers to have a bank account, as they can collect the money from any one of the 50,0000 Western Union stores worldwide within 30 minutes. Furthermore, it has a lower transaction cost than Western Union’s express money transfer service.
with the Korea JoongAng Daily
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