서울--(뉴스와이어)--Citibank Korea (CEO Yung-Ku Ha, www.citibank.co.kr) launches a service that offers 100% discount on FX rate and remittance fee waiver to help parents of overseas students reduce their financial burden. The ongoing economic downturn and strong dollars have been putting pressure on those families.

The service will be available until the students abroad graduate from their schools based on the evidential documents submitted to the Bank.

Students who want to benefit from the service just have to designate Citibank Korea as their foreign exchange bank and open accounts of their own and the agent for remittance. Money transfer is made through the bank counters. Period for foreign exchange bank registration will last for two months starting from Sep. 28 till Nov. 30, 2009.

Those who have been using other banks can also enjoy the same benefits by just switching their foreign exchange bank to Citibank.

“We believe our offer of 100% discount on FX rate and remittance fee waiver will be of good help to families who are struggling with high won-dollar rate,” says EVP Heung-Joo Lee of Citibank who led the launch of this service. “Citibank is committed to continuously developing products and services that will bring success to our customers.”

Since customers should visit branches for registration as overseas student or switch of their foreign exchange bank, they are recommended to come to branches before noon to avoid peak hours.

For more details, please visit CKI branches or its website at www.citibank.co.kr.

About Citibank Korea Inc.
Citibank had opened its first branch in Korea in 1967, and was born newly as Citibank Korea Inc. (CKI) through integration with KorAm Bank in 2004. CKI serves customers at 231 branches (as of end of March in 2009) in Korea by providing a wide range of premier financial products and services with strengths as in-depth know-how and global network of Citi as well as more than 100 years of history and 200 million customers in more than 100 countries. CKI delivers new financial world to its customers through development of innovative financial products and services that encompass corporate and investment banking to consumer banking, private banking, and wealth management. Furthermore, Citibank Korea Inc., as a responsible corporate citizen, conducts diverse community activities in the areas of financial education, next generation education, women, diversity, community, and environment consistently in cooperation with sound non-profit organizations.

한국씨티은행 개요
씨티은행은 1967년 최초로 한국에 진출한 이래 45년 동안 선진 금융 서비스를 국내 고객에게 제공해 왔으며, 2008년 글로벌 금융위기 때 8억불을 증자해 국내 외환시장 안정에 기여했고, 1970년대 석유 파동시 2억불 차관 제공으로 한국의 무역수지 개선에 기여한 공로로 수교훈장 ‘숭례장’을, 1997년 외환위기 당시 240억불 대외 부채 상환 연장에 기여한 공로로 수교훈장 ‘흥인장’을 받는 등 한국 경제가 어려움에 처할 때에 곁에서 힘이 돼 준 친구 같은 은행이다.

웹사이트: http://www.citibank.co.kr

연락처

Seung-Kwon Chang
Liability/Banca Product Dept. Deputy Head
+82 2 2004 1814