NH Nonghyup Bank has launched a service that allows users to easily make donations to the Hometown Love Donation Program through its mobile banking application, NH All One Bank.
The bank announced on August 5 that it has introduced the "Hometown Love Donation Program Easy Integration Service." This service links local government websites with the NH All One Bank app, enabling users to make donations and request thank-you gifts without needing to log in or go through authentication procedures.
The service will initially be available in Daejeon and Goseong County in Gangwon Province. NH Nonghyup Bank plans to gradually expand the service to additional regions.
The Hometown Love Donation Program allows individuals to donate to local governments other than their current residence and receive tax deductions and local specialty gifts in return. Starting this year, tax benefits have been expanded, allowing for a full tax deduction on donations up to 100,000 won. For donations exceeding 100,000 won and up to 200,000 won, a 44% deduction rate applies.
A representative from NH Nonghyup Bank stated, "In line with the expanded tax deduction benefits, we have prepared a collaborative service with local governments to make it easier for customers to participate in donations. We will continue to expand the regions where this service is available."
* This article has been translated by AI.
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