Toss review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Toss suits people who want a set rate and a short commitment: a term of 1 with a headline rate of 1% to 10%. The savings sit with a bank rather than an app wrapper, and the return is set in advance rather than tracking the market.
Key facts
- Best for
- A short fixed-rate pot for travellers who need part of their money back early.
- Headline rate
- 1% to 10%↗
- Rate type
- Fixed↗
- Term
- 1 month↗
- Access terms
- Deposits pay interest immediately; savings allow early partial withdrawal when money is needed urgently↗
- Account kind
- Fixed↗
- Legal entity
- Toss Bank Co., Ltd. (토스뱅크㈜), business registration number 462-86-01671↗
- Headquarters
- South Korea↗
- Founded
- 2013↗
- Support channels
- Phone, Email, Help-centre↗
- Pricing model
- Fixed rate
- Official website
- tossbank.com
Pros and cons
Pros
- Part of the balance can be withdrawn early when the money is needed urgently, so the pot is not sealed for the whole term
- The currency conversion fee on the debit card is 0%, and a travel feature comes with it
- Support runs on phone, email and help centre, with a phone line and a help centre behind the app
Cons
- The term is 1, so there is no longer fixed period to hold cash in
- The headline rate of 1% to 10% sits below 3.29% at Wise and 3.01% at bunq
Who it suits
- People who want a set rate and still expect to need part of their savings before the term ends
- Travellers, with a debit card carrying a travel feature and a currency conversion fee of 0%
- Savers who also want personal borrowing arranged by a direct lender under the same name
Who should look elsewhere
- Bunq, if the headline rate matters most, at 3.01% against 1% to 10% here
- Wise, which pays 3.29% for anyone with a larger balance to place
- Finteres, if a wider spread of rates matters, at 0% to 36%
Rates and card terms
The headline rate runs 1% to 10% and the rate type is fixed, so the return is set rather than tracked from month to month. The term is 1, which makes this a short commitment rather than a long tie. Savers who can leave money untouched for longer should compare a fixed product with a longer term elsewhere.
The company behind it
Toss Bank Co., Ltd. is the legal entity behind the brand, based in South Korea and founded in 2013. Support runs on phone, email and help centre, so a phone line, email and a help centre cover questions about the account, the card and early withdrawals.
How Toss compares
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Frequently asked questions
What interest rate does Toss pay on savings?+
The headline rate runs 1% to 10% and the rate type is fixed, so the return is set when the account opens. Deposits earn interest as soon as the money lands, and there is no charge for taking money out early.
How long does money stay in a Toss savings account?+
The term is 1 and the account kind is fixed, which makes this a short commitment rather than a long fixed deposit. Savers can make a partial withdrawal when money is needed urgently, so the balance does not have to stay untouched for the whole term.
What does it cost to use the card abroad?+
The currency conversion fee is 0% and the card is a debit card with a travel feature, which suits anyone holding money in more than one currency. Support on card and fee questions runs on phone, email and help centre.
Can I borrow from Toss as well as save?+
Toss lends as a direct lender in personal loans, so the lending sits with the same provider rather than a broker or marketplace. That suits anyone who wants savings and borrowing handled in one place without a third-party intermediary.
Who runs Toss and where is it based?+
The legal entity is Toss Bank Co., Ltd., based in South Korea and founded in 2013. It is a bank, not a budgeting app paired with a separate lender, and support runs on phone, email and help centre for account, card and withdrawal questions.
Is this a fixed or variable savings account?+
The account kind is fixed and the rate type is fixed, so the rate holds for the term rather than moving. The term of 1 keeps it short, and the travel feature on the card suits travel spending from the same balance.
How does the rate compare with bunq, Wise and Finteres?+
bunq pays 3.01% and Wise pays 3.29%, both above the 1% to 10% range at Toss, while Finteres advertises 0% to 36%. Toss competes on access rather than the top figure, with interest credited on arrival and early partial withdrawal when needed.
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: Minimum deposit, Deposit protection.
Toss
A short fixed-rate pot for travellers who need part of their money back early.