KB Kookmin Bank said on the 26th that it will launch a Starbucks-linked account called "KB Byeolbyeol Account 2" on the 1st of next month.
The account is a partnership product that combines financial and lifestyle benefits for frequent Starbucks customers. It is a follow-up to "KB Byeolbyeol Account," which debuted last April with a cap of 200,000 accounts, and will be sold to a total of 300,000 accounts.
For the first year, the account offers an interest rate of up to 2.0% on balances of 3 million won ($2,160) or less. The base rate is 0.1%, with preferential rates of up to 1.9 percentage points.
After registering "KB Byeolbyeol Account 2" in the Starbucks app, customers who make simple account payments of 3,000 won or more, including for handcrafted beverages, can receive up to 15 "Star" rewards each month. Those who meet certain conditions, such as making deposits and paying card bills from the account, can also receive up to 24 Starbucks Americano coupons (two per month).
When using simple account payments in the Starbucks app, a KB Kookmin Bank account can be registered as a payment method without entering a separate account number.
Ahead of the launch, the bank will run a pre-event in the Starbucks app. Through October 12, it will hold a "100% Winning Roulette Event" for the first 100,000 applicants, offering prizes such as a multi-padding bag and up to 60 "Star" rewards.
"This is a product limited to 300,000 accounts," a KB Kookmin Bank official said. "We will continue to introduce a variety of partnership products that offer customers tangible benefits."
