ENP Newswire -
Release date- 25022014 -
Under this service, available from today, transfer recipients do not need to have any bank deposit accounts, while emphasis is placed on convenience and safety for retail customers.
Mr. Chatchai Payuhanaveechai, Executive Vice President of
Under this service, K-Debit or K-ATM Cardholders are eligible to make 24-hour funds transfers through more than 7,800 K-ATMs nationwide, while funds recipients can receive the cash transfers at any of more than 7,600 7-Eleven branches with counter service across the country during
For funds transferors, they need to choose 'Funds Transfer' item at K-ATMs before choosing '7-Eleven Counter Service'. Transfer recipients' national ID number as well as the amount of money to be transferred must be entered. Maximum funds allowed total
K-ATM to 7-Eleven service ensures customers of security in money transfers with authentication processes that requires recipients' ID card and security codes which are supplied by KBank customers making the transfer. In case of the wrong code being entered three times, the system will hold back that fund transfer on the day, although transfer recipients may conduct the transaction again the following day. However, if there is no cash received within five calendar days, the system will automatically credit the money back into the original account.
Mr. Chatchai added that the new service provides convenience to customers with KBank deposit accounts to make funds transfers to those in the provincial areas where commercial banks' branches are not in abundance. Transfer recipients will conveniently access funds through more than 7,600 7-Eleven branches across the country.
Funds transfer transactions through the banking system among retail customers involve a large market, with an average annual growth of 15 percent; the figure registered approximately
According to Mr. Weeradej Ackapolpanich, Assistant Vice President of
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