Raising [Korea sinyuncheol financial newspaper reporter] a year ago, banks have realized the problem and proceeded to charge fees reshuffle. Hayounggu Korea Federation of Banks said, "I think it imperative to improve profitability for it in the bank the economy should be increased above a certain level of assets to the bloodstream role properly" in the New Year's press conference early last year and "revenue is not 10% of the total revenue there is a need to really worry applied the proper level, "he said. The overall banking industry was the time of the release of the need for fee hikes soybeans. Bank fee income was also a trend gradually giving.
◇ notice overseas remittance fee competition
Foreign transfer fees also did the same. Typically, Shinhan Bank had entered a foreign currency transfer fee scheme broken down in May last year. Previously, but how much you charge more than $ 5,000 Whether you are sending a batch of 10,002 yuan, the change fee is imposed upon the second charge of 15,000 won more than $ 20,000. At the time, Shinhan Bank official said that "unconditional different impression as well as a look at the reform movement to widen the range of choice of the customer." In fact, over the past decade it has had its own fee structure came the necessity to change the fees did not realize problems are constantly raised.
But the competition is scheduled to begin a justification separate from the advent of the Internet bank. Will be a welcomed addition to other practical problems that commercial banks charge their realization argued that market competition.
Cacao comes into the bank to open in June is because the three overseas remittance fee cuts by major business strategy. No. 2 domestic banks internet banks of cacao has a bar Given the past five days, banking boninga approval and said "julyigetda foreign transfer fees to a level of 10% of the banks'.
Overseas remittance fee structure is divided into exchange fees, transfer fees, jeonsinryo. The Bank of cocoa means hagetdaneun lower the transfer fee and jeonsinryo compete with commercial banks. In the case of commercial banks to charge a fee, on average, $ 500 more than the amount by money transfer overseas remittance period when the counter fee is 5,000 won, 8,000 won is jeonsinryo. If this is the Internet bank receives fees 10,001 10 minutes could save more than 10,000 won the customer. But if you proceed with the transfer abroad of commercial banks as a mobile jeonsinryo it does not apply. To date, banks have devised a 4% to 5% of the transfer amount and fee income was up against the 500 billion won per year. But Internet banks in addition to the market and pin-tech companies also changed to enable this transfer to small-scale implementation in accordance with the amendments to the Foreign Exchange Act from July.
◇ selection If you do not change
The domestic bank charges are the concept of 'free' dominant as the existing commercial banks in non-interest income to reap the profit share is only 10% to 15% of total profits. Compared with the large US banks up to 40% less significant. Banks are not the reason to raise the claim that such 'restructuring', 'normalized'.
2011, the Financial Supervisory Service (FSS) 'unreasonable fees improved practices' fees by the unprecedented policy artificially lowered, but the recent trend is the financial authorities would not intervene in bank interest rates and fee calculation process, commercial banks showed a fee hike moves.
However, the advent of the Internet bank to change the paradigm of the traditional market is expected to reduce the difficult perception survive unchanged even if the banks. In addition, banks were also assertive behavior far does not reveal trade secrets as the fee calculation method. Consumer groups do not disclose the fee cost is difficult to understand the position that banks have voluntarily impression.
Financial consumer organization representative pointed out that "there is that burden is passed on to the consumer," said "banks are down, lift the deposit rate and the lending fees increased funding costs."
Whether the Internet bank to be a catfish to promote competition for existing banks is expected to be able to look at the foreign remittance charge competitors.
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