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South Korea · Banking & Payments
Toss
Toss is a leading Korean fintech app for payments, transfers, and banking, known for its simple interface and broad range of financial services in one app.
What it helps with
- A bank account without a branchOpened in the app.
- Free transfersTo any Korean bank.
- A debit cardCheck card.
About Toss
Starting as a simple peer-to-peer money transfer app, Toss has grown into a comprehensive financial super-app covering banking, insurance, stock trading, and credit score tracking, valued for consolidating services that would otherwise require several separate bank apps.
Key Features
- Money Transfers: Send money instantly to other Korean bank accounts using just a phone number.
- Toss Bank: Access full digital banking services including accounts and cards.
- Credit Score Tracking: Check and monitor your Korean credit score for free.
- Investment & Insurance: Trade stocks and manage insurance products from the same app.
How to Get Started
- Download Toss from Google Play or the App Store.
- Register with a Korean phone number and verify your identity per Korean banking regulations.
- Link a Korean bank account to enable transfers and payments.
- Explore banking, investment, and other financial features from the main dashboard.
Before you use it
- Sign-up: Opening a Toss account as a foreigner needs an ARC and a phone number in your own name.
- Limits: New accounts often have low transfer limits until you prove income or employment.
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Frequently Asked Questions
- Does Toss work with a foreign bank card in South Korea?
- Not reliably - a foreign card may be declined. Check the notice above, or plan to use a local payment method.
- Is Toss available in English?
- Not officially - the interface is mainly in the local language.
- Do I need a local phone number to use Toss?
- No, an international phone number generally works for Toss.
- Do I need local ID or residency for Toss?
- No, Toss doesn't require local ID or residency for visitors.
- Where can I use Toss?
- iOS · Android
- How much does Toss cost?
- No account fees; free transfers
