South Korea’s largest internet-only bank, launched in 2017 with over 20 million users. Its clean app and products like the 26-week savings plan made it a national favourite, with everything handled online.
Fully online, done in minutes; valid residence permit or visa required; residents only
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Partially. Foreigners holding long-term residence and an ARC can apply, provided they have a Korean mobile number in their own name. Visitors on short-stay visas such as C-3 without an ARC cannot open an account.
No initial deposit and no minimum balance — the account can be opened and kept at zero.
Prepare a Korean mobile number in your name, your ARC, a Korean bank account for the small verification transfer, and a smartphone for face verification.
In-app eKYC takes about 5–10 minutes; ARC checks for foreigners can extend it to 1–3 working days.
Common reasons: no Korean number in your own name, an expired ARC or mismatched details, failed face verification, inability to complete the small transfer check, or being classified as a non-resident.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.