Third Korean internet-only bank licence (FSC, 2021). Toss super-app heritage — ~25M Korean users. Free Toss Bank account.
Toss Bank is a chartered Korean bank — KFSC licence, KDIC cover, super-app distribution. Not a wallet on top of someone else's bank.
Korean internet-only bank, FSC-licensed since 2021. Sits inside the Toss super-app from Viva Republica. ~25M users across the Toss ecosystem.
Direct FSC bank licence; KDIC member with KRW 100,000,000 per-depositor cover.
Use Toss Bank if: you're a Korean resident inside the Toss super-app wanting a chartered digital bank. Use Kakao Bank for the longer track record + KakaoTalk integration.
Toss Bank received its Korean internet-only banking licence from the FSC in 2021 — the third such licence after Kakao Bank (2017) and K Bank (2017). Sits inside the Toss super-app (~25M Korean users), which spans payments, brokerage, insurance, and lending. Free Toss Bank account, savings products, KDIC cover up to KRW 100,000,000 per depositor. Backed by Viva Republica (Toss parent). Use Toss Bank if you're a Korean resident already inside the Toss app and want a chartered KR digital bank. Use Kakao Bank if you want the longer track record + KakaoTalk integration.
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Edition №07 · Updated 11 March 2026