Toss Bank Acquires Government Revenue Collection Agency Status... Launches Government Fund Disbursement Services

Expanding the Scope of Public Financial Services with Toss Bank Accounts

Toss Bank announced on May 8 that it has directly integrated with the Bank of Korea to obtain the status of a government revenue collection agency, and will be significantly expanding its government fund disbursement services.

With the acquisition of the government revenue collection agency status, Toss Bank will now be able to handle not only the existing government fund payment services but also government fund disbursement operations. Government fund disbursement refers to the process by which state institutions, such as the National Tax Service, transfer refunds or other payments directly to a customer's account.

Since 2024, Toss Bank has provided a service that allows customers to view and pay government fund bills—such as national taxes, customs duties, fines from the National Police Agency, penalty surcharges, and patent fees—directly through the Toss application.

With the newly acquired agency status, Toss Bank's service coverage will expand to include government fund refunds and other disbursements, broadening the range of public financial services available through Toss Bank accounts.

Customers can now register their Toss Bank account as a refund account when applying for government fund refunds or payments with the National Tax Service, Korea Customs Service, or the courts, or when using tax refund platforms. In addition, government-type payments such as Earned Income Tax Credit and Child Tax Credit can also be received directly through Toss Bank accounts.

Toss Bank plans to further enhance its services so that customers can access public financial services encountered in everyday life in a more intuitive and convenient way.

A Toss Bank representative stated, "We will continue to expand our services so that customers can use everyday public financial services, such as tax payments and refund receipts, more easily and securely."

Toss Bank Headquarters, Gangnam-gu, Seoul. Photo by Jinhyung Kang aymsdream@

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