Korean American Banks Launch Free Chuseok Wire Transfer Services

Brian Choi
By Brian Choi

From Sept. 15 through Oct. 3, available to account holders only

  기간   대상 국가
  뱅크오브호프   9월30일~10월 3일   한국,   홍콩,   중국,   베트남,   대만
  한미은행   9월 29일~10월 3일   한국,   홍콩,   중국,   베트남,   인도,   파키스탄
  PCB뱅크   9월 29일~10월 3일   한국
  오픈뱅크   9월 29일~10월 3일   한국
  CBB뱅크   9월 29일~10월 3일   한국
  US메트로뱅크   9월 29일~10월 3일   한국,   중국,   베트남,   홍콩
  우리아메리크은행   9월 29일~10월 3일   한국
  하나은행   9월 15일~10월6일   한국,   중국,   전세계 하나은행 지점망

Several major Korean American banks will offer free wire transfer services this Chuseok holiday season, beginning Sept. 15.

Hana Bank, which recently opened a branch in Los Angeles, will start its promotion on Sept. 15 and run through Oct. 6. Most other banks will launch their free transfer services between Sept. 29 and Sept. 30, with the program ending on Oct. 3.

Starting Sept. 30, Bank of Hope will provide free transfers to South Korea, Hong Kong, China, Vietnam and Taiwan. Hanmi Bank will extend its service further, also covering India and Pakistan.

The free remittance program applies only to personal transfers between individuals who are existing account holders at the respective banks. Transfer fees will be waived during the promotion period.

As of Sept. 4, the U.S. dollar-to-Korean won exchange rate stood at 1,393 won, with analysts expecting the rate to remain in the mid-to-upper 1,300 range in the near term.

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