Toss Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Toss Bank suits savers who want a fixed rate of 1% to 10% paid the moment money lands. Its currency conversion fee of 0% also makes the debit card cheaper abroad than bunq at 0.5% to 3% or Wise at 0.1%, and the 1 month term keeps the commitment short.
Key facts
- Best for
- A fixed-rate saver who wants interest paid the moment money lands and can still take some out early.
- Currency conversion fee
- 0%↗
- Card type
- Debit↗
- Legal entity
- Toss Bank Co., Ltd. (토스뱅크㈜), business registration number 462-86-01671↗
- Headquarters
- South Korea↗
- Founded
- 2013↗
- Support channels
- Email, Phone, Help-centre↗
- Features
- Travel
- Official website
- tossbank.com
Loans
Pros and cons
Pros
- Currency conversion costs 0%, with travel listed among the debit card's features.
- Deposits pay interest immediately, and savings allow an early partial withdrawal when money is needed urgently.
- A fixed rate of 1% to 10% on fixed terms keeps the return predictable.
- Support covers email, phone and help centre, so help is available by phone, by email or in the help centre.
Cons
- The account is fixed for 1 months at a fixed rate, so the 1% to 10% return is committed for the whole term.
- Headquarters sit in South Korea, outside the UK and euro area, so the products listed are built for that home market.
- Support runs on email, phone and help centre only, with no live chat or branch listed.
Who it suits
- Savers who want a fixed rate of 1% to 10% paid the moment money lands.
- People who pay in other currencies and want the conversion cost held at 0% on a debit card.
- Borrowers who want a direct lender and can clear a personal loan early without a charge.
Who should look elsewhere
- Wise, for readers who would rather pay a 0.1% conversion fee and skip the fixed savings side of the offer.
- Readers who want more than a debit card, with bunq at 0.5% to 3% and Upgrade OneCard™ at 3% as the other card accounts to weigh.
Rates and card terms
The account pays a fixed rate of 1% to 10%, so the return is set when you open it rather than moving with the market. The account kind is fixed and the term runs 1 months, which keeps the commitment short for a product that pays the same rate throughout.
The company behind it
The legal entity behind the accounts is Toss Bank Co., Ltd. Headquarters sit in South Korea, and the company has been trading since 2013. Help is available by phone, by email or in the help centre for account and card questions as well as loan enquiries, so most questions do not need a branch visit.
How Toss Bank compares
9.2 vs 9.4
9.2 vs 9.0
9.2 vs 8.9
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9.2 vs 8.0- 9.2 vs 8.0
Where Toss Bank is available
- Available
- South Korea
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest rate does Toss Bank pay, and is it fixed?+
The headline rate is 1% to 10% and the rate type is fixed, so the return is set when you open the account rather than drifting with the market. Because the account kind is fixed, treat that figure as the rate you get for the period you sign up for.
How long do I have to leave my money in?+
The term runs 1 months and the account kind is fixed. That is a short commitment for a fixed-rate product, and the savings terms also allow an early partial withdrawal when money is needed urgently, so the term is not an all-or-nothing lock.
What does the card cost when I spend in another currency?+
The currency conversion fee is 0%, and the card is a debit card with travel listed among its features. bunq charges 0.5% to 3% and Wise charges 0.1% on conversion, so foreign spending costs less here than with either.
Can I repay a loan early without a fee?+
Early repayment is free on these loans, so a balance can be cleared sooner without a charge. Toss Bank is a direct lender offering personal loans, which means the loan is arranged with the bank itself rather than through an intermediary.
What types of loan does it make?+
The lending is personal lending arranged as a direct lender, so applications go to the bank rather than to a broker who passes the deal on. If you want to compare borrowing with a different kind of lender, that direct lender model is the detail to check first.
Where is Toss Bank based and how established is it?+
Headquarters sit in KR and the company has been trading since 2013, so it is a young bank next to long-established institutions. The accounts, card and loans listed here are designed for its home market rather than for UK or euro-area customers.
How do I get help if something goes wrong?+
Support runs on email, phone and help centre, so you can call, email or use the help centre. There is no live chat in that list, which makes questions that need back and forth easier by phone or email, especially about a debit card used abroad.
Sources
- theinvestor.co.kr/article/3317622 checked September 26, 2026
Backs: Founded
“Founded in 2013, Viva Republic launched Toss”
- tossbank.com checked September 26, 2026
Backs: Access terms, Account kind, Card type, Features, Free early repayment, Currency conversion fee, Headline rate, Headquarters, Legal entity, Pricing model, Rate type, Support channels, Term
- tossbank.com/product-service/loans/loan checked September 26, 2026
Backs: Lender type, Loan types
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Free ATM withdrawals, Protection.
Related by the facts
Toss Bank
A fixed-rate saver who wants interest paid the moment money lands and can still take some out early.