Toss Bank Launches Club Account Service

Club Account Now Offers Custom Features for Groups
Chance to Win Group T-Shirt Production Support When Opening an Account

On April 29, Toss Bank announced the launch of its 'Club Account' service, designed specifically for groups where membership fees are frequently exchanged, as well as its 'Group Settlement' service, which makes it easy to split expenses.

The Club Account maximizes convenience for treasurers compared to the existing group account. The treasurer only needs to enter the fee name, amount per person, and payment deadline. An automatic transfer link is then generated, which can be shared in group chat rooms or on notice boards. Those who have paid and those who have not are automatically distinguished, allowing the treasurer to check the payment status at a glance without the need for separate Excel management.

In addition, the 'Co-Organizer' feature, introduced by Toss Bank for the first time in the industry, is also applied. This allows not only the group leader but also any group member to be issued a 'Toss Bank Group Card,' enabling them to share payment responsibilities or make transfers.

The 'Club Account Event' is also being held, offering coupons for custom group T-shirts. Until May 9, ten groups that open a Club Account will be randomly selected to receive funding to produce up to 50 group T-shirts for free.

The 'Group Settlement' service, launched last month, allows each member to simply enter their individual payment amounts during trips, workshops, or company dinners. The service then automatically calculates who needs to transfer how much to whom, making it easy to share expense details with a single link.

A Toss Bank representative stated, "The Club Account is focused on solving the most cumbersome tasks for treasurers, such as collecting and managing event fees and splitting card payments." The representative added, "Going forward, we will continue to expand innovative features that customers need, so that a single Toss Bank group account can provide all the financial services required for group activities."