Application Description

Welcome to the NO.1 digital banking savings bank! We offer a comprehensive suite of financial services including deposits, cards, loans, credit management, and life services. Our commitment to innovation and customer satisfaction has earned us the top spot in cumulative app downloads and users in the savings bank sector, as reported by App Annie as of December 31, 2023.

Experience the unique 'Well Bang Walking Savings' program, where you can earn interest rates of up to 10% per annum simply by walking. We offer preferential rates based on the number of steps you achieve during the subscription period. New customers can also enjoy a special welcome offer with a preferential interest rate of up to 7% per year on their first transaction, available for 30 days after opening an account.

Managing your assets and liabilities is made easy with our 'Welcome My Data' service. We've already helped customers save an estimated KRW 8,334.98 million through our nationwide interest reduction project as of March 14, 2024. We collect and manage all your debts, informing you of potential transfer loan opportunities and helping you with credit management through our 'credit weather' feature.

Opening an account with us is simple and convenient. You can open a non-face-to-face account anytime, anywhere, 24 hours a day, even without a public certificate. Just use pattern or fingerprint authentication along with a 6-digit authentication number. We also offer dedicated accounts tailored for payers, office workers, and bosses, complete with special benefits.

Don't miss out on the exclusive benefits of our 'Wellbang Lounge'. Loan customers can earn up to 100 won per day and up to 3,000 won per month by walking, while receiving customers can earn up to 40 won per day and up to 1,240 won per month. Participate in our 'Well Bang Lotto' and 'Well Bang Odd or Even' games for a chance to win exciting prizes.

Our convenient financial services enhance your everyday life. Easily transfer funds by dragging and dropping between accounts, monitor your total assets and savings goals on a single page, check your car's value with just its license plate number, and use our automatic payment service for utility bills. We also offer 'free credit management' without impacting your credit score.

We prioritize your security with our electronic financial fraud prevention services, including PC designation, 2-channel authentication, and one-time authentication numbers, in line with the Financial Supervisory Service's guidelines.

Product Information

[Well-Bang Working Savings]

• Subscription target: Individual customers
• Contract period: 12 months
• Payment amount: Monthly payments between 10,000 won and 200,000 won
• Interest payment: Lump sum at maturity
• Basic interest rate: 1.0% per year + preferential interest rate up to 9.0% per year
• Preferential interest rate conditions:
  • Differential payment based on annual step count (up to 8.0%):
    • Over 1 million steps: 1.0%p per year
    • Over 2 million steps: 2.0%p per year
    • Over 3 million steps: 3.0%p per year
    • Over 4 million steps: 8.0%p per year
  • Automatic transfers through our bank account at least 6 times: 1.0%p

[WELCOME first transaction preferential m term savings]

• Subscription target: Individual customers
• Contract period: 12 months
• Payment amount: Monthly payments between 10,000 won and 200,000 won
• Subscription conditions: Within 30 days from the first deposit
• Interest payment: Lump sum at maturity
• Basic interest rate: 3.7% per year + preferential interest rate up to 3.3% per year
• Preferential interest rate conditions:
  • Automatic transfers through our bank account at least 8 times: 1.8%p per year
  • Average account balance of 500,000 won or more: 1.5%p per year

Please note that in accordance with the Depositor Protection Act, this deposit is protected up to 50 million won per person, including principal and interest. Always review the product description and terms before signing the contract. Interest rates are subject to change, so check our website or app for the latest information.

Customer Center Operating Hours

• Loan: 1661-0001 (Weekdays 08:30 - 18:00)
• Deposit/Withdrawal: 1661-9400 (Weekdays 09:00 - 18:00)
• Business operator: 1661-9300 (Weekdays 09:00 - 18:00)
• Financial fraud reporting night call center: 02-397-8600/8800

Wellbang App Permissions and Purposes

Required Access Rights:

• Storage space: For storing joint certificates, checking for OS tampering, document submission, and storing photos.
• Phone: For identity and device verification, and consultation calls.
• App activity: To collect app information and detect malicious apps.

Optional Access Rights:

• Contacts/Address Book: For contact transfer, SMS sending, coupon purchase, and friend recommendation. Functionality may be limited if not granted.
• Camera: For photo identification, face authentication, and document submission. Functionality may be limited if not granted.
• Photos and videos: To save and collect photos as supporting documents. Functionality may be limited if not granted.
• Notification: To receive important notices, events, and promotions. Functionality may be limited if not granted.

Items for Investigation of Credit Disorderly Conduct

• Malicious app detection information and diagnostic information on detected malicious apps

Welcome Savings Bank Co., Ltd.
CEO: Daewoong Kim
Business registration number: 120-87-93876
Welcome Savings Bank Compliance Officer Deliberation No. 3765 (2024.08.08 - 2025.08.07)
Reviewed by the Korea Federation of Savings Banks 2023-00710 (2023.06.22 - 2024.06.21)

What's New in the Latest Version 3.4.9

Last updated on Oct 22, 2024

1. Improved and stabilized app usage environment

Finance