KakaoBank Launches "Woori Ai Account" and "Woori Ai Savings"

"Woori Ai Savings" Offers Up to 7% Annual Interest Rate
12-Month Subscription Period, Maximum Monthly Deposit of 200,000 Won
"Feeding Love to Our Child" Event Begins on September 22

On September 15, KakaoBank announced the launch of "Woori Ai Account" and "Woori Ai Savings," which allow parents with minor children to open accounts in their children's names.

The "Woori Ai Account" is available for children from newborns up to 16 years old. Parents, as legal guardians, can open the account entirely online using their own mobile phones. The process is simple, utilizing the conversational "Jjorudi" chatbot, and does not require complicated documents such as a family relationship certificate.

A key feature is that both the father and mother can participate together and jointly check the child's account details. For example, if the father opens a "Woori Ai Account," he can send an invitation link to the mother so they can both join, and afterward, each can use the account on their respective mobile phones. If the child has a mobile phone under their own name, they can also directly check and use the account.

Parents can also leave messages of love for their child. When making deposits or withdrawals, parents can add messages such as "First Steps Day" or "First New Year's Allowance" along with emojis, which the child can see and respond to with a "like," enabling family members to interact and bond. In addition, the service page screen in the "Woori Ai" tab can be customized with the child's photo, allowing families to record their child's growth in a special way.

The "Woori Ai Savings" product offers a high interest rate as its main benefit. The base annual interest rate is 3%, and an additional 4 percentage points are provided when automatic transfer is set up, offering a maximum annual rate of 7%. The subscription period is 12 months, with a maximum monthly deposit of 200,000 won. If the child is still under 18 at maturity, the account can be automatically renewed, making it useful for long-term asset management for children.

To commemorate the launch, KakaoBank will hold the "Feeding Love to Our Child" event from September 22 until the end of the year. Parents who participate in a simple event and earn points can receive up to 12,000 won in cashback, which will be deposited into the "Woori Ai Account."

KakaoBank stated, "The Woori Ai service was designed not only to help parents manage their children's financial assets together but also to allow them to share love and memories with their children," adding, "We plan to continue introducing a variety of products that will help with children's financial management in the future."