Toss Bank Launching Soon, Pre-Registration Begins... 'No Conditions, 2% Annual Interest' Account Also Available

For Toss Customers Aged 17 and Over
Check Card Service Also Launched

[Asia Economy Reporter Kiho Sung] Toss Bank, the third internet-only bank, announced on the 10th that it will begin accepting pre-registrations ahead of its official launch in October. Toss Bank plans to sequentially open services such as an unrestricted 2% annual interest account to pre-registrants before the official launch.

Starting today, Toss Bank is accepting pre-use applications for banking services from all Toss users aged 17 and older. Applications can be made through the home screen banner within the Toss application (app) or the ‘Toss Bank Pre-Registration’ menu in the full tab. Those who receive notifications in the order of application can proceed with the account and check card subscription process and experience Toss Bank’s new banking services before the official launch. Sharing the pre-registration page with friends will speed up your turn. There will also be opportunities to access loan products, which will be announced later, earlier than general customers.

For the first time today, Toss Bank unveiled the ‘2% annual interest with no conditions’ Toss Bank account. This product pays 2% interest annually on a demand deposit account without any restrictions on subscription period or deposit amount. If you open a Toss Bank account first through pre-registration, 2% interest will be calculated from the date the money is deposited and paid monthly.

The Toss Bank check card is also designed to offer various benefits without any monthly spending conditions. When using the card in five major categories (coffee, fast food, convenience stores, taxis, and public transportation), you receive an immediate cashback of 300 KRW per category daily (next day for public transportation). You can get up to 46,500 KRW back per month. Overseas, 3% cashback is given immediately on spending both online and offline. This is among the highest benefits offered by check cards released domestically. Transfer fees, as well as domestic and international ATM withdrawal and deposit fees, are unlimited and free. These are the first season benefits applied until January 2 next year, and new benefits tailored to customers’ consumption patterns will be provided each season.

Hong Min-taek, CEO of Toss Bank, said, “We focused on designing products so that customers depositing money do not need to compare and worry about which bank or product is better. Users will be able to experience banking services newly designed from their perspective.”

This content was produced with the assistance of AI translation services.