KakaoBank
KakaoBank: A mobile-only personal bank built around KakaoTalk transfers and savings options. Ranked #6 of 55 in Neobank Apps by our editors (8.6/10); pricing: Free plan; best for kakaoTalk users seeking transfers and savings options.
At a glance
- Editor score8.6 / 10
- PricingFree plan
- Best forKakaoTalk users seeking transfers and savings options
- Free planYes
- Paid fromFree
- Account scopePersonal
- Facts checked14 Nov 2026
Where it wins
- Send money to KakaoTalk friends without entering an account number
- Choose scheduled or multiple transfers and manage group accounts
- Remit through bank transfers to 22 countries or Western Union to about 200
Where it doesn't
- Available through mobile apps only
- Support is limited to phone and is not available 24/7
- Fees and eligibility vary by transaction and product
Our verdict on KakaoBank
KakaoBank is a Korea-based digital bank for personal banking through iOS and Android apps. It combines checking with savings products, time deposits, installment savings, debit cards, loans, and international remittances. It is particularly suited to people who already use KakaoTalk and want mobile banking that includes friend-to-friend transfers and shared group accounts. Account eligibility and terms depend on the product and Korean requirements.
The app links checking to a Safe Box for setting aside money, with balance and transaction-history views. KakaoTalk friend transfers do not require entering an account number, and the app also supports scheduled and multiple transfers. Group accounts let members share balance and deposit/withdrawal history. The checking-account page shows a Safe Box rate of 1.80% annual pretax. For international transfers, KakaoBank offers overseas bank-account remittance to 22 countries and Western Union fast remittance to approximately 200 countries. The range makes it relevant to customers with domestic and international transfer needs, though fees can vary by transaction and product.
KakaoBank is free and mobile-only, so it suits customers comfortable handling banking in an app rather than through a desktop service. Cash deposits are supported via ATM guidance. Support is by phone, not 24/7; customers who need round-the-clock help may prefer a bank with broader support availability. The English site lists older overseas-remittance fees, so customers should check current charges in-app before transferring. Choose KakaoBank for its KakaoTalk-linked transfers, savings choices, and group-account features; it is a weaker fit for anyone who needs desktop access or more extensive support channels.
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KakaoBank pricing
KakaoBank fact sheet
| Free plan | Yes |
|---|---|
| Paid from | Free |
| Account scope | Personal |
| Early pay access | Not verified |
| Cash deposit support | Yes |
| International transfers | Yes |
| Savings yield | 1.80% annual pretax for Safe Box (rate shown on checking-account page) |
| Supported currencies | Not verified |
| Deployment | Mobile |
| Platforms | iOS, Android |
| Support | Phone |
| Built for | Solo, Small business (editorial estimate) |
| Integrations | 2 integrations: KakaoTalk, Western Union |
| Pricing | Free plan |
| Website | kakaobank.com |
| Facts checked | 14 Nov 2026 |
KakaoBank integrations
KakaoBank lists 2 integrations on its own site.
- KakaoTalk
- Western Union
Alternatives to KakaoBank
- Starling BankA no-monthly-fee UK bank account with budgeting, payments and savings tools.9.3
- bunqFlexible European banking with personal and business accounts, cards, and international transfers.9.2
- MonzoA free UK current account with budgeting tools, card controls and paid feature tiers.9.1
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KakaoBank vs the competition
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Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
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