Toss Bank Launches Exclusive 'Account, Safe, and Card' for Sole Proprietors

Categorize Income and Expenses Based on Transaction History
View Cash Flow at a Glance Without Separate Bookkeeping Software
Up to 30 Purpose-Specific Safes for Fund Management...
0.3% Instant Cashback on Check Card Payments

On January 14, Toss Bank announced that it would significantly strengthen its dedicated banking lineup for sole proprietors by simultaneously launching a 'Business Account' with sales and expense management features, a 'Safe' for purpose-specific fund management, and a 'Check Card' offering instant cashback, all designed to maximize financial convenience for individual business owners.

This new suite of products for sole proprietors has been designed so that even small business owners and self-employed individuals, who may find it difficult to use separate bookkeeping services, can manage their sales and expenses through a single account. The focus is on enabling business owners to concentrate solely on their core business activities.

The dedicated account for sole proprietors allows users to easily categorize sales and expenses based on transaction history, providing a clear overview of business cash flow at a glance. It can be opened easily without complicated paperwork, and enables business owners to manage all aspects of their operations on a single screen without the need for additional bookkeeping software, thereby enhancing the convenience of financial management.

Going forward, the dedicated account for sole proprietors will continue to be upgraded to connect various financial information arising from business operations, such as employee payroll and client settlements. This will enable sole proprietors to make more systematic management decisions based on data accumulated from their own businesses. Toss Bank also plans to provide financial insights that will help business owners in their operations.

In addition, an integrated management environment has been established for business owners who operate multiple locations. Rather than simply listing all accounts held by the customer, the system allows users to view and manage transaction histories and account statuses by business location, further enhancing management convenience.

The newly launched 'Sole Proprietor Safe' is a parking account service that allows users to divide funds into up to 30 separate categories, such as payroll, rent, and VAT, according to their intended purpose. It offers an annual interest rate of 1.4% (pre-tax) for on-demand deposits, and interest is paid even for funds deposited for just one day, making it efficient for short-term fund management.

A check card for sole proprietors, linked to the business account, is also being introduced. Through the 'Business Cashback Season 1' promotion, which runs until November 30, 2026, this check card instantly returns 0.3% of the payment amount to the business account when used at any domestic merchant. To further enhance practical convenience, a card engraving service has been introduced, allowing the business name to be printed on the back of the card so that owners with multiple businesses can easily distinguish between their cards.

A Toss Bank representative stated, "Although the financial sector is expanding its services for sole proprietors, dedicated business accounts have not been sufficient in supporting their business operations." The representative continued, "The goal of this new account is to enable business owners to manage sales, expenses, and cash flow at a glance with a single account." He added, "Through fundamental innovation of the account, Toss Bank aims to create an environment where business owners can focus solely on their core work, which is the productive finance we pursue."