Introducing KB Kookmin Bank's New Service: Finding Dormant Deposits and Insurance Claims

Hello everyone! Today, we're diving into a topic many of you might be curious about: KB Kookmin Bank's service for finding dormant deposits and insurance claims. KB Kookmin Bank recently announced the launch of a new service through KB Star Banking that allows you to easily locate dormant insurance payouts and deposits. This service kicked off on June 30th. Shall we explore this service in more detail?

What Are Dormant Deposits and Insurance Claims?

First, let's briefly clarify what dormant deposits and dormant insurance claims are. Dormant deposits are funds that haven't been accessed for a certain period, reaching their statute of limitations, and are now managed by the bank. On the other hand, dormant insurance claims refer to amounts that were due but not paid after an insurance contract ended. These assets are typically transferred to and managed by the Korea Deposit Insurance Corporation (KDIC) or similar financial authorities.

Key Features of KB Kookmin Bank's Service

This new service from KB Kookmin Bank comes with several distinct features. Firstly, it's a system that allows you to inquire about and claim dormant deposits and insurance payouts totaling approximately 1 trillion KRW, contributed by over 100 financial institutions, all in one place. Secondly, customers must be individuals aged 14 or older who hold a checking or savings account with KB Kookmin Bank to use this service. Lastly, any claimed dormant deposits or insurance funds are immediately credited to your account, making it incredibly convenient!

How to Use the Service

Now, let's walk through how to use the service. You can access it via the KB Star Banking app by following these steps:

• Launch the KB Star Banking app.
• Select 'Banking' from the menu.
• Click on the 'Inquiry' menu.
• Choose 'Find Dormant Deposits/Insurance Claims'.

It's that simple to find your dormant deposits and insurance claims! Inquiries are available 24 hours a day, and actual claims can be processed from 1 AM to 11 PM on business days, so please keep that in mind!

Expected Impact of the Service Launch

With the introduction of this service, it's anticipated that many customers will be able to easily recover their dormant deposits and insurance claims. Reclaiming assets you may have forgotten about can be a significant help, and the ability to conveniently check and claim funds held by entities like the Korea Deposit Insurance Corporation is likely welcome news for many. KB Kookmin Bank plans to continuously offer various services for customer convenience, so stay tuned!

Services like this offer a great opportunity to reclaim assets we might have overlooked. Why not check it out for yourself and see if you can find any valuable assets you've forgotten about!