[Find dormant deposits] 3 ways to search for dormant accounts (find hidden money)
It is said that there are 9 trillion won in financial assets that customers have not visited, such as deposits and insurance money in Korea. Among them, the money in the dormant account deposits and savings accounts is 5 trillion won! Below we will show you how to find money sleeping in your bank account with a dormant account consolidated inquiry. 휴면예금 찾아줌
Dormant deposits refer to accounts with no transactions for 5 to 10 years based on bank deposits and 3 years for insurance. If it is separated as a dormant deposit, there is no way for an individual to verify it because online transactions are impossible and the financial company has it separately. This time, several institutions, including the People’s Financial Promotion Agency, are implementing an integrated inquiry into dormant accounts to return the sleeping money to customers.
In the first half of 2019 alone, about 140,000 dormant deposits were viewed, and a total of 72.6 billion won was paid. There are a total of 3 ways to check dormant accounts. 좋은뉴스
1) Microfinance Promotion Agency [Find dormant deposits]
The People’s Financial Promotion Agency (Seogeumwon) is an institution that supports the independence of traditional markets, small business owners, social enterprises, low-income children, and vulnerable groups based on interest income from dormant deposits. You can check your account 24 hours a day, 24 hours a day, and find your sleeping money through the online service for finding dormant deposits conducted by the People’s Finance Agency.
People’s Finance Agency [Find dormant deposits]
You can apply for immediate payment online for up to 500,000 won for the dormant account balance. (9:00 to 20:00 on business days) If your dormant deposit is more than 500,000 won or it is difficult to apply online, please bring your ID and go to the nearest Financial Integration Support Center or the branch of the relevant financial company. If an agent or heir other than the principal applies, additional documents may be required to confirm the relationship.
[Go to Dormant Deposit Finder]
2) Korea Financial Telecommunications and Clearings Institute [Integrated Account Information Management Service]
Another way to find your sleeping money can be found on the Korea Financial Telecommunications and Clearings Institute (KFTC) Account Info website. In the integrated account information management service, you can retrieve financial assets by searching dormant accounts that have not been used for a long time.
Korea Financial Telecommunications & Clearings Institute [Integrated Account Information Management Service]
In the Account Info account information integrated management service, you can view not only bank notes, but also credit card companies and loans at once. In addition, you can also provide banking services such as transferring the balance, canceling a passbook, or changing a direct debit account for a small inactive account with no transaction for more than 1 year. Please note that the Korea Financial Telecommunications and Clearings Institute Account Info can also be accessed through a smartphone application.
[Go to Account Information Integrated Management Service]
3) National Association of Banks [Inquiry of dormant account integration]
There is a dormant account integrated inquiry service provided by the National Banking Association. In addition to bank accounts, you can search all dormant accounts through post offices and insurance companies. Bank accounts can be inquired about non-trading dormant deposits for more than 5 years since 2003, and accounts currently in use are not searched.
National Federation of Banks [Inquiry of dormant account integration]
If you have money to be paid to your dormant account, you can visit the relevant financial institution for a refund. If the dormant account is not found within the specified period after checking in the dormant account integration inquiry, it will be converted to state ownership. (Insurance 2 years, Bank 5 years, Post office 10 years)
[Go to dormant account integration inquiry]
We showed you how to find hidden money that you put in the bank and forgot. Although each service seems to be similar, the search scope is slightly different, so please visit the desired site and check the dormant account.