At Shinhan Bank, customers can receive a 90% exchange rate discount when converting dollars to won through the end of next month.
Shinhan Bank said on the 19th that it will run a "Foreign Currency Change-Up deposits 90% exchange rate discount" promotion for individual and sole proprietor customers from the 26th to the 25th of next month.
"Foreign Currency Change-Up deposits" is a foreign currency checking account that allows free deposits and withdrawals in 21 foreign currency denominations. Customers can sign up at offline branches and via mobile channels such as Shinhan SOL Bank.
The promotion offers a 90% preferential exchange rate, with no limit on the number of times, for every transaction converting U.S. dollars (USD) held in "Foreign Currency Change-Up deposits" into won through the Shinhan SOL Bank and Shinhan Super SOL apps.
In addition, customers who subscribe to "Shinhan My Plus time deposits" with the amount converted from U.S. dollars to won will receive an additional 0.1 percentage point preferential rate. The benefit is offered to the first 10,000 people.
A Shinhan Bank official said, "We plan to continue preparing a range of foreign currency-related customer support programs so we can help ease exchange rate volatility and stabilize the market in line with government policy directions."