Busan Bank

A local bank in South Korea is called Busan Bank. The business was founded in 1967 to support the local economy. The bank has its base and headquarters in the thriving port city of Busan, South Korea, and its Seomyeon main branch provides a full range of retail banking services, including foreign exchange. There are 229 branches of the bank throughout Korea. Among of its major owners are Parkland, Templeton, National Pension Service, Lotte Group, Capital Research & Global Investors, and Aberdeen Asset Management Asia Ltd.

A participant in the BC Card Network is Busan Bank. Regardless of the product category, you are exempt from paying an annual fee for the following year if you have used more than 2.4 million won annually. There is no cash back scheme like Daegu Bank, but there is a 1,000 KRW issuance cost and no fee for reissuing a check card due to damage or renewal. The SUM Bank BC Master Check Card, which was introduced in February 2020, does not charge an issue fee at all. Instead, an event is arranged to promote new products and waive the issuance price.

Only China UnionPay, BC Global, and MasterCard are supported by check cards; MasterCard debuted in February 2018. The BC Global Check Card may only be used at ATMs and does not offer any credit abroad. Maestro, a MasterCard check card network, is available through High Check Global Card. Also, you can link your Busan Bank account to Lotte Card and other credit card providers as a payment account.

Founded: 1967
Headquarters: Busan, South Korea
Website: https://gbank.busanbank.co.kr/