2023-08-08 11:21:16
© Archyde.com. Bank overregulations such as ‘restriction on new account transaction limit of 300,000 won’ are lifted
[알파경제=김다나 기자] The ‘300,000 won limit on new account transactions’, which was implemented to prevent the opening of a Daepo bankbook, will disappear and various documents for identification will be simplified.
The Regulatory Judgment Department of the Office for Government Policy Coordination made this recommendation to the Financial Services Commission and the Financial Supervisory Service through a regulatory adjudication meeting on the ‘rationalization of limits on financial transactions’ on the 8th.
First of all, the Regulatory Tribunal recommended that the government improve the system to alleviate public inconvenience and improve access to financial services within the scope of minimizing the impact of the eradication of Daepo Bankbook.
Currently, in order to open an account, various documents that can prove the purpose of financial transactions, such as salary or business, must be submitted. It is a system introduced in 2016 to eradicate the Daepo bankbook, and if documents are not submitted, the transaction limit is limited.
As a result, the daily limit for financial transactions (transfer and withdrawal) is 300,000 won for Internet banking and automated teller machines (ATMs) and 1 million won for over-the-counter transactions.
In particular, the threshold for lifting the limit is even higher for the financially vulnerable, such as full-time housewives, young people, the elderly, and new entrepreneurs, who have difficulty verifying income or have relatively poor transaction performance.
Evidence documents for lifting the limit were also different for each window, which continued to confuse consumers. Excessive demands for documentary evidence or long-term (3 to 12 months) transaction records are also requested. It was also pointed out that some banks require subscription to loans and installment savings as a condition of lifting the limit.
The Regulatory Tribunal said, “Even following seven years of introduction of the system, there has been no analysis of policy effects or review of supplementary/improvement items. Therefore, we recommend promoting system improvement to alleviate public inconvenience and improve financial services.” “Considering that the system limits
The increase in the transaction limit will be promoted in consideration of overseas cases and the economic level, but the specific size of the limit will be decided within the year following consultation with the banking sector and consultation with the regulatory adjudication department.
In addition, guidelines were prepared to enhance the predictability of the people, and representative documents were presented to strengthen advance guidance and publicity.
In order to increase the convenience of evidence, it was also ordered to establish a system using related data (public my data, etc.) and to prepare measures to activate it.
In addition, the Regulatory Judgment Department requested the Financial Services Commission and the Financial Supervisory Service to review measures to strengthen financial transaction sanctions once morest electronic financial fraud criminals and suspicious transactions, and the National Police Agency to strengthen crackdowns on cannon bankbooks.
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