How much money is sleeping in Korea because the owner is not looking for it? It is said to be close to 15 trillion won. Despite this, I don’t know where my money is and I can’t even use it. Among them, some money is returned to the national treasury, so I think it would be good for fathers and mothers generation to try to find dormant deposits at least once. In the past, there were no restrictions on issuing bankbooks, and many bankbooks were considered as a symbol of wealth.
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What is dormant deposit?
Dormant deposit extinction prescription
Find dormant deposits
Find dormant deposits/insurance funds with Kakao Bank
Find with the AccountInfo app
Find dormant deposit service
Dormant deposits that will be returned to the national treasury if not found by June 3
Summary of finding money in dormant deposits
What is dormant deposit?
Literally a sleeping deposit. To be precise, it refers to ‘a deposit that is not retrieved for a certain period of time after making a deposit’. If the bankbooks you don’t know when they were created are hidden all over the bank, you have no choice but to forget them. It’s hard to remember how much money I deposited into my account a month ago, but it’s almost impossible to remember how much I have in my account five years ago. So, if you do a dormant deposit inquiry, it is often unexpected that more than 1 million won comes out of a bankbook you didn’t know about. 휴면예금 찾아줌
Dormant deposit extinction prescription 좋은뉴스
Isn’t it surprising that the owner’s unclaimed money is close to 15 trillion won? On what basis were these funds classified as dormant deposits? Currently, the statute of limitations for bank deposits is 5 years, and for post office deposits, 10 years. If there is no deposit transaction history for 5-10 years, and if you leave it in the bank without visiting it, it becomes a dormant deposit.
Expiration prescription for bank deposits: 5 years without transaction
The statute of limitations of the post office: 10 years without transaction
Expiration prescription of insurance: 3 years
So, are there only dormant deposits? Although the nature of deposits is different, insurance also has dormant insurance. If claims such as insurance cancellation refunds, effective refunds, maturity insurance money, and policyholders’ dividends are not returned even after 3 years have elapsed, they are classified as dormant insurance money and are collectively referred to as dormant deposits. When classified as dormant deposits, it is transferred to the Microfinance Promotion Agency and used as a financial resource for low-income financial products.
Find dormant deposits past the statute of limitations at the People’s Finance Agency
Find dormant deposits
‘My money is being used as a source of finance for low-income financial products? Then you can’t find it?’ You might think. Even if the dormant deposit is transferred to the Financial Services Agency, you do not have to worry about it as it will be paid immediately if the owner of the money applies for a refund. The problem is that there are a lot of dormant deposits that have been transferred to the People’s Financial Promotion Agency, so it must have been that there was a lot of money sleeping. I’ve been promoting it a lot since a few years ago, but it seems that there are still few people looking for it. You can easily apply for dormant deposits through multiple channels as long as you have authentication methods such as joint certificates and mobile phone identification.
Find dormant deposits/insurance funds with Kakao Bank
Kakao Bank
One of the most used financial apps in Korea is Kabang. With the dormant deposit/insurance finding service launched by Kakao Bank, about 100 billion won of sleeping money went to the owner last year alone. It is easy to verify your identity and requires just a few clicks, so many people have found your money.
Kakao Bank’s ‘Finding Dormant Deposits/Insurance Deposit Service’ can be used by any customer who opens a Kavain account. You can view it 24 hours a day, and if you apply for payment from 01:00 to 23:00 on weekdays, it will be deposited directly into your Kakao Bank account.
Find with the AccountInfo app
account info
Install the ‘AccountInfo’ app from the Google Play Store app. For reference, the app is made by the Korea Financial Telecommunications and Clearings Institute, so you can use it with confidence. It is a useful application that allows you to see your financial information at a glance. When you install the app, you must register for biometric authentication. As much as you can inquire about financial information, it must be a mobile phone in your name, and you are limited to one per person, and you must also register your fingerprint. If you have registered, you can check not only dormant deposits, but also all financial institution information such as banks, insurance companies, and credit card companies that are currently open.
Find dormant deposit service
Find dormant deposits at the People’s Financial Promotion Agency
Find Dormant Deposits is a service managed by the Financial Services Agency for the Commonwealth. If you enter your resident registration number and authenticate yourself with a joint certificate, you can inquire about the sleeping deposit. And if the payment application is normally registered, the payment will be made immediately to the account confirmed in the name of the account holder (the person).
We recommend Kakao Bank as the most convenient way to check dormant deposits and apply for payment. If you want to check the various financial information you have signed up for, it is also a good choice to install the AccountInfo app. And the service to find dormant deposits is recommended only for those who are looking for dormant deposits for the heirs because it is somewhat inconvenient to install a joint certificate.
Go to Kakao Bank to find dormant deposits/insurance money
Dormant deposits that will be returned to the national treasury if not found by June 3
As I mentioned earlier, in the case of post offices, the statute of limitations is 10 years. Post office deposits that have not been transacted for more than 10 years will be returned to the national treasury if they are not retrieved by June 3, 2022. Once it is transferred to the national treasury, it cannot be found. It is said that the post office will notify the depositor in advance. If you have a dormant deposit at the post office, you can collect the money by visiting the post office with your bankbook, seal certificate (signature), and ID by June 3rd.
Summary of finding money in dormant deposits
I looked into how to find a dormant deposit that I did not know. Bank deposits with no transaction history for 5 years are transferred to the Financial Services Agency for the common people and used as a source of financial products for the common people. In the meantime, several trillion won of dormant deposits have been accumulated, and although more and more people are looking for their money, there is still a lot of money sleeping. You can easily find dormant deposits through Kakao Bank, Account Info, and Find Zoom. Post office deposits will be returned to the national treasury after June 3, so be sure to pick them up. If it was helpful, please share the URL with people around you.