Toss Bank
A dentist-turned-founder failed eight startups before Toss; the bank arm now anchors Korea's super-app.
Part of the Toss super-app.
- Who holds it
- The company itself — it holds a full banking licence — Internet-only bank license (KR).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Toss Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI underwriting in production |
| HQ | Seoul, KR |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Internet-only bank license (KR) |
| Card | No card |
| Yield | Daily-interest account |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Countries | South Korea |
| Founders | Lee Seung-gun (Viva Republica) |
| Funding | Viva Republica ~$1.7B raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @toss_bank ↗
Common questions about Toss Bank
What is Toss Bank?
Toss Bank is a fiat neobank, headquartered in Seoul, KR and founded in 2021. Your money is held custodially, so Toss Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Internet-only bank license (KR)).
Does Toss Bank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does Toss Bank require KYC?
Yes. Toss Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Toss Bank cost?
From the verified fields: yield Daily-interest account. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Toss Bank before relying on them.
Early investors
Head-to-head
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Toss Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.