Recently, if you create a new transaction account at a bank, you can see that it says so.
There are slight differences between banks, but if you register with a limited account like this, withdrawals or transfers are limited to 1 million won and 300,000 won per time.
But there’s also a way to release it.This time, I will test it myself and let you know how to cancel Shinhan Bank’s limited account.
What is a Limit Account?
You need to know what a limited account is.In the case of accounts that are restricted from transactions such as withdrawal or transfer, but are not normally used as payroll accounts or business accounts, it is a system used to prevent illegal transactions.
Even if it’s your main bank, anyone who creates a new account will come out with these limits.
Follow the Unlimited Account
Looking at how to cancel this limit-limited account, it can be classified into a method of releasing it through checking the purpose of financial transactions and a method of releasing it through bank usage performance.
First of all, you must submit the financial transaction purpose confirmation document necessary to cancel the limitation account as follows.
1. When used as a salary bankbook ▶ Employment-related documents such as employment certificates and salary statements or receipts for withholding earned income
2. In the case of opening a bankbook for receiving pensions ▶ Pension certificate and pension beneficiary certificate
3. When opening with a business account ▶ VAT Certificate Certificate of Origin Tax Payment Confirmation, Commodity Supply Agreement, Electronic Tax Statement, etc.
4. Meeting bankbook ▶ Membership list and regulations related documents
5. When using it as a utility bill management account ▶ Receipt of administrative expenses, etc.
In addition, various evidence documents may be needed to cancel the limited account.
If you want to open a bank account for reasons other than the conditions listed above, please refer to it as you can visit the bank in person or solve the problem through a consultation call.
Shinhan Bank Limit Account Rescission Procedure
If you look at the types of Shinhan Bank’s limited accounts, you can classify them into two types.It’s divided into limited account 1 and limited account 2.
In the case of Limit-Limited Account 1, 300,000 won per time is limited to 1 million won per day, and the limit of transfer limit 2 is set at 1.5 million won per time and 5 million won per day.
First of all, there are many ways to get from the limited account 1 to 2, but I solved it through the method of cancellation through the transaction record.
As a result of inquiring with Shinhan Bank, you can cancel it through automatic transfer of utility bills including credit card payments (cards other than Shinhan Bank are allowed) or products such as Shinhan Bank installment savings for more than 3 months.
Currently, I have automatically transferred my savings and my card for more than 3 months, so I have been raised to the limit account 2.
Next, if you want to go up to the limit account 2, you can cancel it if you transfer your salary for more than a year or if you use the automatic credit card transfer for more than a certain amount (500,000 won) for 6 months.
In addition to Shinhan Bank, Woori Bank and Kookmin Bank were the ones who lifted the limit.
In the case of Kookmin Bank, it can be canceled through the business account, and the VAT payment certificate and electronic tax invoice for more than 3 months can be released through Kookmin Bank using transactions.
In the case of Woori Bank, it was used to open a meeting bankbook, and it was used by more than 15 people and the regulations.
In the case of membership, please note that we have prepared about two rules based on A4, submitted them through a bank visit, and we can cancel the limited account through a confirmation phone call of the number of members of the group.
In this session, we looked at how to cancel the limitation account and how to cancel the limitation of Shinhan Bank’s limitation account in a little step-by-step order.