Finance · 5 sources combined
Kakao Bank launches Stealth Account
November 9 debut, 1.19% annual rate
In short
Kakao Bank launched a new 'Stealth Account' on November 9.
Your account is only visible at times and places you set.
You can hide your account by designating up to three locations like home or work.
Key facts
| When | It launched on November 9. |
|---|---|
| Who | Kakao Bank issued it and anyone age 19 or older can open one. |
| What | A deposit and withdrawal account viewable only at up to 3 GPS-based locations like home or work within 100 meters. |
| How | It does not connect to other banks' open banking or other Kakao Bank products, and debit card or ATM withdrawals are not allowed. |
What it means for me
If you have money you want to hide from family or acquaintances, you can choose a restricted viewing account.
