Toss Bank's 'Receive Interest Now' Benefits 6.5 Million People with 610 Billion Won

Usage Rate Highest Among Those in Their 40s at 23.2%

Toss Bank announced on the 19th that it has provided interest benefits totaling 610 billion KRW to 6.5 million customers through the ‘Receive Interest Now’ service, the first of its kind in the domestic banking sector.

This service allows customers holding the ‘Toss Bank Account,’ a demand deposit account, to receive interest once daily at their desired time. A daily compound interest structure is applied.

Since the service launch, the interest delivered to 6.5 million customers amounts to 610 billion KRW. On average, each customer received about 94,000 KRW. Customers used the service 710 million times, and the customer with the highest usage frequency utilized ‘Receive Interest Now’ every day throughout the year.

The service is used evenly across all generations. The age group with the highest usage is those in their 40s, accounting for 23.2%. This is followed by people in their 20s (23.03%), 50s (19.73%), 30s (19.21%), 60 and above (8.10%), and teenagers and under 10 years old (6.71%).

A Toss Bank representative said, “The ‘Receive Interest Now’ service is designed to help customers actively utilize their financial assets,” adding, “Toss Bank will continue to strive to strengthen customers’ financial sovereignty through innovations that surpass existing practices in the financial sector.”

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