"Get US Stocks When You Pay"... Toss Bank, Korea's First Stock Cashback

Payment Made Each Time for Transactions of Blue-Chip Companies and ETFs like Apple and Tesla

[Asia Economy Reporter Minwoo Lee] If you make a payment of 5,000 KRW or more with a Toss Bank check card, you can receive U.S. stocks.

Toss Bank announced that starting from the 24th, it will implement the country's first "check card stock cashback" promotional event.

Participating customers will receive approximately 100 KRW worth of "overseas stocks and exchange-traded funds (ETFs)" immediately each time they make a payment of 5,000 KRW or more at any domestic or international merchant using their Toss Bank check card. Since there is no restriction on overlapping merchants, benefits can be received every time for all transactions of 5,000 KRW or more.

There are no restrictions such as previous month’s spending requirements. Customers who newly issue a check card can receive the promotional benefits immediately. The stocks granted can be checked in the customer's Toss Securities account. However, for payments under 5,000 KRW, a 1% cash cashback benefit applies. The cashback is deposited immediately into the customer's Toss Bank account upon card payment.

The stocks available include 30 items such as leading U.S. companies like Apple, Tesla, Amazon, Nvidia, and ETFs. If you specify three preferred stocks, each time you pay with the check card, a fractional share of one randomly selected stock from the designated stocks will be granted. Preferred stocks can be freely changed at any time. If no stocks are specified, popular stocks will be automatically selected.

The event period lasts until the end of February next year. During this period, customers can either continue to receive the existing "check card cashback" benefits or participate in the "stock cashback" event. If participation in the "stock cashback" promotion is canceled, the existing "check card cashback" benefits will apply. However, reapplication is not possible once the "stock cashback" promotion is canceled.

The option can be selected within the Toss Bank section of the Toss application (app). Detailed information can also be confirmed through the Toss Bank service screen or customer center.

A Toss Bank official said, "Through the 'check card stock cashback' promotion, we will provide customers with a new experience where 'consumption directly leads to investment,'" adding, "It will lower the entry barriers to investment for customers who have been interested in overseas stock investment and provide a good opportunity to invest easily and conveniently in leading overseas companies."

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