Busan Bank Sets Up Financial Counters at 2,400 Post Offices Nationwide

Financial services at post offices in areas without bank branches

Lower ATM fee burden... starting Oct. 29

BNK Busan Bank is expanding the reach of its financial transaction services to around 2,400 post offices nationwide. The move effectively brings banking services to post offices in areas where bank branches are hard to find.

Busan Bank, headed by CEO Kim Seongju, announced that it will launch a joint-use service for the nationwide post office financial counter network on October 29.

The service will be available at around 2,400 post offices nationwide. Customers can make deposits and withdrawals and check their account details at post office counters. They can also reduce fees at post office automated teller machines (ATMs), depending on the type of transaction and the time of use.

The service is expected to improve access for customers who find it inconvenient to visit bank branches, as well as older adults and other financially vulnerable groups, by allowing them to access financial services outside Busan and South Gyeongsang Province.

On August 28, Busan Bank signed a business agreement related to the service with the Korea Post under the Ministry of Science and ICT, the Korea Financial Telecommunications & Clearings Institute, and Gwangju Bank. It has since been preparing to launch the service, including by building the necessary IT systems.

A Busan Bank official said, "Customers can now access financial services more conveniently wherever they are in the country," adding, "We will continue our efforts to improve access to financial services."

BNK Busan Bank.

This content was produced with the assistance of AI translation services.