Toss Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Toss Bank is a Korean bank for people who hold money in several currencies and want to keep conversion costs down. It suits fixed-rate savers drawn to a headline rate of 1% to 10%, and cross-border users who face a currency conversion fee of 0% on the FX account.
Key facts
- Best for
- Free currency conversion on 17 currencies for people based in Korea.
- Currency conversion fee
- 0%↗
- Currencies
- 17↗
- Free ATM withdrawals
- ₩30↗
- Transfer fee
- Free: transfers and certificate issuance are completely free, up to KRW 1 billion per transfer↗
- Legal entity
- Toss Bank Co., Ltd. (Toss Bank Co., Ltd., business registration number 462-86-01671)↗
- Headquarters
- South Korea↗
- Support channels
- Phone, Chat, Email, Help-centre↗
- Pricing model
- Low FX fees
- Features
- Free ATM withdrawals
- Official website
- tossbank.com
Savings
Money transfer
- Delivery time
- Usually within a few hours; may be delayed on weekends and public holidays↗
- Payout methods
- Bank, Cash-pickup↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataXLinkedInyoutube.com
Pros and cons
Pros
- Currency conversion is free on the FX account, where PayPal Colombia charges 3% to 4% and Skrill charges 3.99%.
- The FX account holds 17 currencies, ahead of the site median 5.
- Interest is paid as soon as deposits land, and the savings account allows an early partial withdrawal when money is needed urgently.
- Free ATM use on the savings account, with a monthly free allowance of KRW 30 for cash withdrawals.
Cons
- A fixed rate over a term of 1 month means a rise in market rates is not passed on to savers.
- Cross-border transfers usually land within a few hours but can be delayed over weekends and on public holidays.
- The currency list of 17 is far short of the site maximum of 350.
Who it suits
- People based in Korea who earn or spend in another currency and need to convert often, given a conversion fee of 0%.
- Savers who want a set rate of 1% to 10% for a short term rather than a return that follows the market.
- Anyone sending money overseas who wants the recipient paid into a bank account or collecting the money in cash.
Who should look elsewhere
- People who make only occasional international payments and are content with a 3% to 4% conversion fee, the rate PayPal Colombia charges.
- Users who want an e-money balance and will accept 3.99% for conversion, the fee Skrill applies.
- Anyone after a currency list built around trading, where eToro covers 5 currencies.
Fees and currency costs
The currency conversion fee on the FX account is 0%, so exchanging money adds no charge to the transfer itself. On the savings account, transfers and certificate issuance are free, and that cost does not rise with the size of the payment. Between them, the two products give this bank the strongest cost case in the group.
Where it sits among rivals
On currency count, the account sits at position 68 of 379 brands compared on the site, so the list is broad without being the longest. On currency conversion fee it holds position 1 of 312, which puts the cost side ahead of the field. That split is why the account gets compared on price rather than on range.
How Toss Bank compares
9.6 vs 8.7
Toss Bank vs Airwallex9.6 vs 8.6
9.6 vs 8.0
9.6 vs 8.9eToro lists 5 currencies, a smaller range than the FX account.
9.6 vs 9.1
9.6 vs 9.2
9.6 vs 8.7
9.6 vs 8.7
9.6 vs 8.7
9.6 vs 9.0Skrill applies 3.99% to conversion, a clear step above the fee here.
9.6 vs 8.7
9.6 vs 9.5
9.6 vs 9.4
9.6 vs 9.3
9.6 vs 9.2
9.6 vs 9.2
9.6 vs 9.2
9.6 vs 9.2
9.6 vs 9.2
9.6 vs 9.2
9.6 vs 9.1
9.6 vs 9.0
9.6 vs 9.0
9.6 vs 8.9
9.6 vs 8.9- 9.6 vs 8.9
9.6 vs 8.7
9.6 vs 8.5
9.6 vs 8.5
9.6 vs 8.5
9.6 vs 8.4
9.6 vs 8.3
9.6 vs 8.2
9.6 vs 8.1- 9.6 vs 8.1
9.6 vs 8.0
9.6 vs 8.0
9.6 vs 8.0
9.6 vs 9.1
Where Toss Bank is available
- Available
- South Korea
- Licence in South Korea
- Financial Services Commission (Republic of Korea), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to convert money at Toss Bank?+
The currency conversion fee on the FX account is 0%, so exchanging between the supported currencies adds nothing to the amount sent. Transfers and certificate issuance on the savings account are free as well, which keeps the running cost of an everyday account low.
Who regulates Toss Bank?+
Toss Bank is a bank licensed in the Republic of Korea, where the Financial Services Commission is the regulator, and it is headquartered in South Korea. The legal entity behind the account is Toss Bank Co., Ltd. It is a bank account rather than an e-money or payment institution balance.
Can I take money out of the savings account early?+
Deposits pay interest immediately, and the savings account allows an early partial withdrawal when money is needed urgently. The same account carries free ATM use, with a monthly free allowance of KRW 30 for cash withdrawals.
What kind of savings account is this?+
The savings product is a fixed account with a set rate of 1% to 10% over a term of 1 month. A separate FX account holds and converts 17 currencies for anyone dealing in more than one market.
How quickly do cross-border transfers arrive?+
Cross-border transfers usually arrive within a few hours, though deliveries can be delayed over weekends and on public holidays. The recipient is paid into a bank account or collects the money in cash, using the low-cost pricing model on the FX account.
Who does Toss Bank suit?+
It fits people based in Korea who earn or spend in another currency, since converting costs 0%. It also fits savers who want a known rate of 1% to 10% for a set term, with interest credited as soon as a deposit lands.
What support is available?+
Support runs through phone, chat and email, so there is a phone line, live chat, email and a help centre with written guides. The same set covers everyday account questions and cross-border transfers, so there is no need to move between channels mid-problem.
Sources
- tossbank.com checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Headquarters, Legal entity, Rate type, Term, Licences
“Address: 06133 13F, Teheran-ro 131, Gangnam-gu, Seoul, Republic of Korea”
- tossbank.com/customer/guide checked September 26, 2026
Backs: Support channels
“Customer centre: phone 1661-7654 (24 hours, year-round), overseas phone +82-2-6975-9000, email help@tossbank.com; phone consultation 24 hours / chat consultation”
- tossbank.com/product-service/fx/account checked September 26, 2026
Backs: Currencies, Currency conversion fee, Pricing model
“Buy and sell 17 countries' currencies in one account”
- tossbank.com/product-service/fx/cross-border-transfer checked September 26, 2026
Backs: Delivery time, Payout methods
- tossbank.com/product-service/savings/account checked September 26, 2026
Backs: Free ATM withdrawals, Features, Transfer fee
“ATM fees free anywhere, up to 30 times a month”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Licence type, Deposit protection.