Business MMDA
- Overview
- Flexible to deposit/withdraw money plus earn bonus interest on greater remaining balance in your account balance in your account
- Product characteristics
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- Highly profitable product that allows flexible access to deposit/withdrawal
- Suitable for a short-term surplus funds by stable management
- Differentiated application of the interest rate, depending on the deposit amount
- Depositor protection
- This deposit account is protected by the Depositor Protection Act but the protection limit is “KRW 50 million” per person, which combines the principal and prescribed interest of all financial products protected by the Act in Woori Bank. The amount that exceeds KRW 50 million will not be protected.
- Interest payment method
- Interest settlement 4 times a year (the third Friday of March, June, September, and December). If the settlement day is a holiday, the interest will be settled on the day before the business day
- Interest principal type : Principal on the next day based on the interest calculation date
- Interest payment type : Paid when the pricipal is paid
- Miscellaneous
- This passbook can be switched to a flexible business savings account, however, the method of interest payment cannot be changed in the process.
- Subscriber qualification
- Government agencies, local bodies, corporations (including non-profit entities) assigned with a unique number, and a sole trader having the business registration certificate
- Subscription period
- No limitations
- Subscription amount
- No limitations
- Inquiry
- For more information on the product, please contact a nearby Woori Bank's branch or customer center (1588-5000, 1599-5000).
