How to Check for Dormant Deposits with the Korea Inclusive Finance Agency

Hello everyone! Today, we're going to dive into the methods for checking dormant deposits with the Korea Inclusive Finance Agency, a topic many of you are likely curious about. Have you ever taken the time to check if you have any forgotten dormant deposits? Dormant deposits refer to funds that customers haven't claimed for a certain period, typically including demand deposits and savings deposits from banks and savings institutions. Specifically, deposits that have had no activity for over 5 years are legally considered dormant. So, shall we explore in detail how to check and apply for these through the Korea Inclusive Finance Agency's Dormant Deposit Finder website?

Dormant Deposit Inquiry Procedure

The Dormant Deposit Finder website provided by the Korea Inclusive Finance Agency is designed for very simple use. First, try accessing it through the following methods:

• Search for '휴면예금 찾아줌' (Dormant Deposit Finder) on a search engine.
• Visit the Korea Inclusive Finance Agency's official website.
• Click on the Dormant Deposit Management section in the top menu.

After selecting the Dormant Deposit Inquiry and Payout Application option, you'll need to agree to the collection and use of personal information for the inquiry. You must check all boxes in this step to proceed to the next.

Inquiry and Payout Application Method

Once you've agreed to the personal information terms, you'll need to proceed with public certificate authentication. After successful authentication, you can view the details of your dormant deposit accounts. Here, you can check the financial institution that transferred the funds, the status, and the amount transferred. If dormant deposits are found, you can then apply for a payout.

• If you wish to receive the funds, select your own bank account.
• If you wish to donate, check the donation option.

After entering the payout application information, click the confirm button to review your application details. Subsequently, identity verification will be conducted through an electronic signature process. Once all steps are completed, you can view your dormant deposit payout application history and request a certificate.

Other Useful Information

Besides the Korea Inclusive Finance Agency, dormant deposits can be inquired about through various other channels. You can check dormant deposits managed by the Korea Federation of Banks through their integrated inquiry service, or via AccountInfo from the Financial Supervisory Service and Korea Financial Telecommunications and Clearings Institute, as well as through Government24. Notably, dormant deposits under 10 million KRW can be checked 24 hours a day on weekdays without needing to visit a branch.

If online access is difficult, you can inquire about and apply for dormant deposit payouts through the 1397 Korea Inclusive Finance Call Center. Heirs or legal representatives can also visit a branch of the financial institution that holds the dormant deposit or a Korea Inclusive Finance Support Center to inquire and apply.

Conclusion

Everyone, you've now learned how to easily check for and claim your dormant deposits through the Korea Inclusive Finance Agency's Dormant Deposit Finder website, haven't you? If you happen to have any forgotten assets, be sure to check them out. I hope this information helps many of you find your valuable assets!