KakaoBank Surpasses 50,000 Accounts for National Living Expense Account in 10 Days

KakaoBank announced on June 1 that the number of accounts opened for its 'National Living Expense Account' has surpassed 50,000 just ten days after its launch.

According to KakaoBank, six out of ten customers using the living expense account have linked it to the Friends Check Card. Customers who use the KakaoBank Friends Check Card can enjoy cashback benefits and free ATM withdrawal fees.

The National Living Expense Account is available to anyone aged 14 and older and can only be opened at one financial institution. It is designed to allow deposits up to 2.5 million won per month, providing a secure way to protect essential living expenses. A base interest rate of 2% will be offered until the end of the year.

The account also includes differentiated features for customer convenience. Each month on the first day, a new deposit limit is assigned, and customers are notified when the total limit of 2.5 million won is reached. Users can easily access transaction statements and balance certificates through the 'Certificate Issuance' menu in the app.