K Bank, Plus Box Renewal... "Split and Use Your Parking Account Too"

[Asia Economy Reporter Kiho Sung] K Bank announced on the 22nd that it has significantly improved and renewed the functions of its popular parking account ‘Plus Box,’ which pays an annual interest rate of 0.5% even if deposited for just one day.

With this renewal, K Bank customers can create up to 10 ‘Plus Boxes’ according to their purposes to manage their assets. This function helps with planned savings by allowing the creation of various Plus Boxes for different purposes, such as ‘Allowance Account’ and ‘Emergency Fund Account.’

By applying the popular ‘account splitting’ feature in the financial sector to the parking account, convenience is maintained while interest benefits have increased.

As with the existing Plus Box, an annual interest rate of 0.5% (as of the 22nd) is applied even if deposited for just one day, and the total balance of up to 10 Plus Box accounts can reach up to 100 million KRW.

A new feature has been added to assist automatic transfers from the deposit and withdrawal account to various Plus Boxes on desired dates. This function allows transferring a fixed amount on the same day of the week every week or the same date every month.

The benefit of accumulated interest that builds up daily can be checked at a glance, adding more enjoyment to managing spare funds.

Unlike installment savings, additional transfers of spare funds can be made at any time, and conversely, funds can be withdrawn urgently if needed. Even if funds are withdrawn midway, there are no disadvantages such as cancellation fees.

Meanwhile, according to K Bank’s survey, ‘Plus Box’ was identified as the product with the most subscribers across all age groups, including the 2030 generation interested in investment and the 4050 generation seeking stable fund management.

A K Bank official said, “We improved ‘Plus Box,’ a product loved by all age groups, by adding the account splitting function to make it easier to manage spare funds,” and added, “K Bank will continue to launch innovative products and services to promote non-face-to-face finance.”

This content was produced with the assistance of AI translation services.