Industrial Bank of Korea

Service Info.

IBK ANYTIME Foreign Currency Remittance Service Summary

Foreign currency remittance service that allows the customer to freely designate the transfer currency, the transfer amount, and the transfer date and transfer domestically and internationally.

Preference System

• Exchange Rate: automatic preference of 30% on transaction margin rate
• Transfer Fee: automatic reduction of 30% on automatic transfers

Target Transactions and Transfer Limits

Target Transactions and Transfer Limits

Transaction Category	Remittance limit
Remittance of residents who do not submit proof of payment	Before change: Less than USD 50,000 per year After change: Less than USD 100,000 per year
Remittance of expenses for overseas residents and overseas students	Less than USD 100,000 per year
Remittance of domestic remuneration for foreign workers	Less than USD 50,000 per year
Foreign currency fund transfer in Korea	Unlimited

*There is a fluctuation possibility due to local and related bank circumstances based on the final recipient bank in China.

Automatic Transfer Types and Processing Standard

Automatic Transfer Types and Processing Standard

Automatic Transfer Types	Processing Standard
Simultaneous designation of transfer date and amount (fixed amount)	Automatic transfer of transfer amount on transfer date
Designated transfer date (unrestricted)	Automatic transfer within the balance of the withdrawal account on the transfer date Automatic transfer of the total bank balance of the designated automatic transfer account
Designated transfer amount (fixed amount)	Automatic transfer when the transfer amount is reached *once a day automatic transfer
Transfer date, transfer amount Both not decided	For over 50,000 won Transfer of all balance (transfer once a day)
Domestic foreign currency fund transfer	Unlimited

* There is a fluctuation possibility due to local and related bank circumstances based on the final recipient bank in China.

Combined Products

ANYTIME

Designate the transfer date, amount, and currency for an automatic overseas money transfer

Plus

Payroll account

Received salary more than 700,000won

Plus

Option

(China) 快低 Remittance
(Indonesia) Ampuh IDR Remittance
(Philippine) Mabilis PHP Remittance
(Nepal, Sri Lanka, Mogolia, Uzbekistan, Bangladesh,Cambodia) I-VARO Remittance

Equal

Benefit

• Maximum 5,000 won (cable charge)
• Exemption or discount on Intermediary Bank fees