Business · Companies · 27 mins ago
KB Kookmin Bank launches mobile inheritance service for small deposits
KB Kookmin Bank has launched a mobile service for inheritance claims in South Korea.
It lets customers handle paperwork and deposit payments through the KB Star Banking app instead of visiting a branch.
The service is for inherited KB deposits totaling no more than 10 million won.
An heir aged 19 or older can apply as the representative for the other heirs.
They can submit documents through the app’s Kookmin Wallet feature, and the service also connects the process for getting co-heirs’ consent.
The bank says it is the first in the sector to link these steps online, from obtaining documents to paying out deposits.
This may make smaller inheritance claims easier to complete, while claims above the limit are not covered by the stated eligibility.
The bank did not provide further details about what happens next.
KB Kookmin Bank launched a mobile service for applying to receive inherited deposits without visiting a branch.
The service covers the submission of inheritance documents, consent from co-heirs and the payment application through KB Star Banking.
It is available when the deceased’s total inherited deposits at KB Kookmin Bank are no more than 10 million won.
One heir aged 19 or older can apply as the representative.
Some financial products may not be eligible for applications through the service.
- Who
- KB Kookmin Bank launched the service for heirs aged 19 or older.
- What
- The service lets heirs apply by mobile for inherited deposits, including submitting documents and co-heir consent.
- When
- KB Kookmin Bank announced the launch on November 15, 2026.
- Where
- Through KB Star Banking, using its Kookmin Wallet feature.
- Why
- To reduce the inconvenience of visiting a branch to handle inheritance procedures.
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- Deposit limit
- 10 million won or less in inherited deposits at KB Kookmin Bank
- Minimum age
- 19 years old for the representative heir
- Application channel
- KB Star Banking
- Document feature
- Kookmin Wallet
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