Shinhan Bank announced on September 21 that it will implement a 'same-day trading service for retirement pension ETFs' to enhance investment convenience for its clients. This service allows customers with defined contribution (DC) and individual retirement pension (IRP) accounts to purchase another ETF on the same day after selling an existing one, without waiting for settlement. The results of ETF sales will be reflected in account balances within a minimum of 2 minutes to a maximum of 10 minutes, according to the system.
Shinhan Bank has also introduced a 'continue trading' feature, the first of its kind in the banking sector, which allows clients to proceed directly to the next purchase step without navigating back to a separate menu after selling an ETF.
Additionally, clients can switch between ETFs and other retirement pension products, including deposits, funds, and target date funds (TDFs). This means they can transfer funds from deposits, funds, or TDFs to ETFs or vice versa.
Starting this month, Shinhan Bank is also providing a service through Shinhan Super SOL that allows clients to check real-time prices and key information for ETFs of interest.
A Shinhan Bank official stated, “We have improved the overall trading process so that retirement pension customers can change products more quickly and conveniently based on market conditions and investment judgments.”
As of the end of the second quarter of this year, Shinhan Bank's retirement pension reserves amounted to 58.8888 trillion won, ranking first among all retirement pension providers.
* This article has been translated by AI.
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