Official guide to finding dormant deposits and insurance benefits held by the Korea Inclusive Finance Agency (KINFA). Bank deposits go dormant after 5 years of inactivity, insurance benefits after 3 years.
This guide is based on April 2026 official notices from Korea Inclusive Finance Agency and Korea FSS. Dormancy rules, payout procedures, and statutes of limitations may change with Korean law amendments. This service bears no financial transaction responsibility. For accurate amounts, call KINFA at ☎1397.
Moving, lost passbooks, missed policy maturity notices — various reasons cause Korean consumers to lose track of money. Under Korea's Act on Financial Life Support for the Underprivileged, inactive bank deposits (5 years) and insurance benefits (3 years) are transferred from financial institutions to KINFA. Transferred funds support financial inclusion programs but are paid out in full upon owner request. Cumulative holdings exceed KRW 2 trillion as of end-2024.
No. Only the principal at the time of dormancy transfer moves to KINFA; no interest accrues afterward. Claiming earlier is financially better.
Yes. Parents (legal guardians) can visit a Korean branch with a family relation certificate and their ID. Children's accounts and matured child insurance policies are common examples.
Heirs use Korea FSS's inheritor financial transaction inquiry to find all financial assets, then apply at KINFA with the inheritance/family/death certificates.
Korean government, public agencies, and banks provide this service FREE. Companies charging fees to 'find dormant money' may be scams. Never share your ID or OTP with such agencies.
Step-by-step 2026 guide to finding and claiming dormant deposits and insurance benefits held by Korea Inclusive Finance Agency (KINFA). Covers 5-year deposit / 3-year insurance dormancy rules, online payouts under KRW 500K, heir lookup, and scam prevention in South Korea.