Today we will learn about Toss Bank foreign currency account. It is said that Toss Bank is the first internet bank to offer a foreign currency account. If you use a foreign currency account at Toss Bank, you can exchange money for free.
For the time being, there are no fees for not only currency exchange but also overseas check card payments and ATM withdrawals. If you are planning to travel abroad, I strongly recommend that you make one.
Toss foreign currency account
Toss Bank is said to be able to support a total of 17 foreign currencies by expanding its foreign exchange business. I think it would be a great card to use when traveling if it supports foreign currency in 17 countries.
Also, in the automatic currency exchange service, when you cannot make a payment overseas due to insufficient balance in your foreign currency payment account, it is said that the insufficient amount can be automatically exchanged and deposited into the linked Korean won account.
👇 Go to Toss Bank (Android)
👇Go to Toss Bank (iPhone)
Advantages of Toss foreign currency account
Free currency exchange fee
Currency can be exchanged at any time
Instant exchange of currencies from 17 major countries
Free overseas payment fees, free withdrawals
Toss foreign currency account free exchange
Go to Toss Bank on the Toss app and open a foreign currency account.
Open after agreeing and verifying ID
Select the desired foreign currency from the opened Toss foreign currency account and fill it out.
After entering the amount, proceed with the exchange and check that ‘Lifetime Free’ appears in the fee column.
Go abroad and use Toss check card for free withdrawal and payment at local ATMs
17 types of foreign currency that can be exchanged
There are a total of 17 foreign currencies that can be exchanged without fees using a Toss foreign currency account. All types of foreign currencies commonly used by Koreans are included, so you can conveniently exchange money here.
Order Country Unit 1 US Dollar (USD) 2 Japanese Yen (JPY) 3 European Fee (EUR) 4 Chinese Yuan (CNY) 5 Hong Kong Dollar (HKD) 6 Taiwanese Dollar (TWD) 7 Vietnamese Dong (VND) 8 Thai Baht (THB) ) 9 Singapore Dollar (SGD) 10 Philippine Peso (PHP) 11 Indonesian Rupiah (IDR) 12 Malaysian Ringgit (MYR) 13 British Pound (GBP) 14 Canadian Dollar (CAD) 15 Australian Dollar (AUD) 16 New Zealand Dollar (NZD) 17 Swiss Franc (CHF)
Overseas payment and ATM withdrawal fee benefits
It is said that the fee is also exempted when converting money to a Toss foreign currency account for free into a payment abroad or withdrawing money from an ATM. It has not been confirmed whether the fee will continue to be free, but it is said to be free until July 31, 2024.
To learn more, if you issue a Toss check card and designate the overseas payment account as the foreign currency account you created, the 1% international brand fee and $0.50 per transaction fee will be exempted. Even when making ATM withdrawals, the international brand fee of 1% and the withdrawal fee of $3 per transaction are said to be exempt. (Only local bank ATM fee charged)
caution
Foreign currency account depositors are also protected up to a maximum of 50 million won per person.
Losses due to exchange rate fluctuations
Send money only to the Toss Bank KRW account in your name.
Unable to retrieve foreign currency domestically, withdraw only from overseas local ATMs
finish
We have learned about the Toss foreign currency account above. If you are going abroad or are interested in foreign exchange technology, this is a service you must make. If you are a person doing currency exchange, this service may be helpful.
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