KB Kookmin Bank to Launch Starbucks Co-Branded “KB Star-Star Account 2” Starting in September
Limited to 300,000 Accounts
Enhanced Partnership Benefits Including “Star” Rewards
KB Kookmin Bank announced on August 26 that it will launch the “KB Star-Star Account 2,” a co-branded savings account in partnership with Starbucks, on September 1.
The KB Star-Star Account 2 is a partnership product that offers both financial and lifestyle benefits to customers who frequently use Starbucks. It is a follow-up to last year’s KB Star-Star Account, which was limited to 200,000 accounts as of April. The new product will be offered with a total cap of 300,000 accounts.
The KB Star-Star Account 2 provides an annual interest rate of up to 2.0% for the first year.
When a customer registers their KB Star-Star Account 2 in the Starbucks application and makes a simple account payment of at least 3,000 won — including handcrafted beverages — they can earn up to 15 Starbucks “Star” rewards per month. If certain conditions such as deposits or credit card payments are met, customers are also offered up to 24 coupons (2 per month) for a Starbucks Americano tall size.
In addition, for simple account payments within the Starbucks app, KB Kookmin Bank accounts can be registered as a payment method conveniently, without entering a separate account number. Customers can open the account through the KB Kookmin Bank webpage, which is linked to KB Star Banking and the Starbucks app.
In advance of the new account launch, a pre-release event is currently being conducted in the Starbucks app. Until October 12, the first 100,000 participants can take part in a “100% Prize Roulette Event,” which offers various prizes such as a multipurpose padded bag and Star rewards (up to 60 Stars).
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A KB Kookmin Bank representative said, “We will continue to present various partnership products that can provide tangible benefits to our customers.”
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