‘Lifetime Free Currency Exchange’ Toss Bank Foreign Currency Account and Check Card Popularity

Surpassing 600,000 Units and 500,000 Sheets Each

Toss Bank announced on the 8th that it has recorded 600,000 foreign currency account openings just three weeks after its launch. The number of customers linking their existing check cards to these accounts has also surpassed 500,000, showing a clear growth trend.

On the 18th of last month, Toss Bank launched the foreign currency account. Promoting zero exchange fees, the number of accounts opened exceeded 600,000 within 21 days. The average daily new account openings are about 28,500, meaning one new customer every approximately 3 seconds.

The number of customers linking the foreign currency account with Toss Bank check cards has exceeded 500,000. Customers can use their existing cards without separate issuance. With this card, foreign currency payments are possible during overseas travel or international online shopping. There is no recharge limit, and it can be used anywhere in the world, according to Toss Bank. Within three weeks of launch, it has been used in 103 countries. The country with the highest number of transactions is Japan, accounting for 44% of total payments. The United States (7%), Vietnam (6%), Austria (5%), and the United Kingdom (4%) followed.

Japan is also the country where cash withdrawals from local ATMs were most frequently used, accounting for 42% of the total. Vietnam (18%), the Philippines (6%), and Thailand (4%) also had many withdrawals.

Online foreign currency payments are also increasing. When paying with the Toss Bank check card linked to the foreign currency account on platforms offering foreign currency payment options, exchange and payment fees are free. It is widely used on travel platforms such as accommodation services and overseas direct purchase platforms like Amazon.

A Toss Bank official stated, “We are completely resolving the inconvenience and complexity of the exchange process, creating a sensation among customers. Within three weeks of launch, check card usage is increasing mainly among travelers using payments and ATM withdrawals at travel destinations and customers using online foreign currency payments domestically.”