Updated September 29, 2026 · VaultCue Editorial Team
KakaoBank vs Mox Bank
KakaoBank
Higher score in this comparison
Mox Bank
Where KakaoBank and Mox Bank differ
| Compare | KakaoBankReviewSee alternativesSee alternatives | Mox BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₩0 | HK$0 |
| Currencies | 9 | 17Higher |
| Transfer fee | 0 KRW - interbank transfer and automatic transfer fees waived, plus all-bank and convenience-store ATM deposit, transfer and withdrawal fees | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 |
| Currency conversion fee | 0% | Not confirmed |
| Free ATM withdrawals | ₩0 | Not confirmed |
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Key differences
- KakaoBank scores higher overall: 8.9 vs 8.6.
- Founded is lower at KakaoBank: 2016 vs 2020.
- Currencies is higher at Mox Bank: 17 vs 9.
- Support channels: only KakaoBank offers Chat.
- Support channels: only Mox Bank offers Email, Community.
- Pricing model: only Mox Bank offers Low FX.
- Features: only KakaoBank offers Free ATM.
Our verdict on each
KakaoBank
KakaoBank suits Korean residents, businesses and teens who want a fee-free everyday account run from an app, with a currency conversion fee of 0% and a variable rate of 0.1%. The 2016 bank is licensed by the Financial Services Commission (Korea), so money sits with a regulated bank rather than an e-money firm.
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
Score breakdown
| Area | KakaoBank | Mox Bank |
|---|---|---|
| Cost | 9.4HigherMonthly fee of KRW 0, currency conversion fee of 0% and interbank and ATM fees waived. | 9.1 |
| Offer | 9.1HigherVariable interest at 0.1% on easy access terms, 9 currencies, 1-3 days remittance. | 8.9A variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. |
| Trust | 8.4Higher | 8.1 |
How they place
| Ranking | KakaoBank | Mox Bank |
|---|---|---|
| Savings accounts | 408 of 1420 | 559 of 1420 |
| Money transfer services | 302 of 1564 | 425 of 1564 |
| Online banks | 124 of 402 | 190 of 402 |
Every fact side by side
| Fact | KakaoBank | Mox Bank |
|---|---|---|
| Audience | Business, Teen | Not confirmed |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Free ATM, Digital onlyCovers more | Digital only |
| Legal entity | KakaoBank Corp. (주)카카오뱅크 | Mox Bank Limited |
| Headquarters | South Korea | Hong Kong |
| Founded | 2016Lower | 2020 |
| Support channels | Phone, Help centre, Chat | Email, Phone, Help centre, Community |
Savings
| Fact | KakaoBank | Mox Bank |
|---|---|---|
| Headline rate | 0.1%Higher | 0.001% |
| Rate type | Variable | Variable |
| Access terms | No contract period and no deposit limit; domestic residents aged 14+; interest settled monthly and paid the following day | Interest credited daily to the Mox Account; savings balance usable for daily purchases |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | KakaoBank | Mox Bank |
|---|---|---|
| Delivery time | 1-3 days | 20 seconds to 1 week |
| Payout methods | Bank, Cash pickup | Bank, Wallet |
| Fee to send 1,000 | ₩4,900 | HK$0 |
Where each stands against the rest
| Fact | KakaoBank | Mox Bank | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | Not confirmed | 0.5% |
| Currencies | 9above the median | 17highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
KakaoBank
Pros
- No monthly charge, with interbank, automatic transfer and all-bank ATM fees waived on transfers
- Currency conversion fee of 0%, which ranks joint top of 312 brands on cost
- Free ATM access and a digital-only service, with interest settled monthly and paid the next day
Cons
- Interest is modest, at a variable 0.1% against a 3% median
- Currencies are limited to 9, behind the 9 median for everyday accounts
- Remittances cost KRW 4,900 and take 1-3 days
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
Who each suits
KakaoBank
Who it suits
- Domestic residents who want everyday banking with no monthly charge
- Small businesses that need business and teen banking and frequent transfers
- Teens opening a first account at a minimum age
Who should look elsewhere
- Anyone holding a single currency, since 9 is short of the 350 seen site wide
- Savings seekers, because a variable 0.1% sits well under the 3% median
- People wanting cash abroad fast, since remittances take 1-3 days and cost KRW 4,900
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
Current offers
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
Source, checked September 26, 2026
Country by country
| Country | KakaoBank | Mox Bank |
|---|---|---|
| Hong Kong | No | Yes |
| South Korea | Yes | No |
Questions about each
KakaoBank
Is there a monthly fee for a KakaoBank account?+
There is no monthly charge on the account, which ranks joint top of 500 brands on that measure. Transfers are also free: interbank and automatic transfer fees are waived, together with deposit, transfer and withdrawal fees at all-bank and convenience-store ATMs. The balance earns a variable 0.1%, settled monthly and paid the following day.
What interest does the account pay and is it fixed?+
The rate is variable at 0.1%, and it moves rather than being locked in. That is well under the 3% median across the site, and there is no notice period to serve and no cap on the balance, so money can be taken out whenever. It is a spending and payment account rather than a home for savings.
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
Other options to compare
Other matchups
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KakaoBank
Mox Bank