# Toss Bank

> Source: https://docs.barcoder.ai/docs/wallets/toss-bank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Toss Bank — official](https://www.tossbank.com/)

## Overview

**Toss Bank** is **South Korea's third internet-only bank** (after KakaoBank + K Bank), launched **October 2021** by **Viva Republica (operator of Toss app)** <sup>[1][1], [2][2], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>. **End-2025 baseline** (Toss Bank's fixed-deposit-with-upfront-interest product) <sup>[1][1]</sup>:
- **Subscribers**: **700,000**
- **Cumulative accounts opened**: **2.24 million**
- **Total cumulative deposit amount**: **44.6751 trillion won (~$33.8B)**
- **Interest paid out to customers**: **435.1 billion won (~$330M)**
- **Reinvestment rate**: **47%** (nearly half re-enrolled after maturity)

**Distinctive Toss Bank vs Toss app (covered Batch 3)**: Toss Bank is the **internet-only banking-license subsidiary** of Viva Republica; Toss app is the consumer-finance-super-app sister product. Both operate under Viva Republica.

**Demographics 2025**: 40s = 26.1%; 50s = 24.1%; 30s = 22.4% — distinctive multi-generational adoption.

## History

**October 2021 — Toss Bank launches** <sup>[2][2]</sup> as Viva Republica's internet-only banking-license subsidiary.

**2021-2024 — Multi-million Korean adoption**: Fixed-deposit product with upfront-interest innovation.

**End-2025 — 2.24M cumulative accounts + 44.7T won (~$33.8B) cumulative deposits + 47% reinvestment rate** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **Toss Bank Co., Ltd.** (Viva Republica subsidiary).

**Parent**: **Viva Republica Inc.** (Korean fintech mega-startup; Toss app + Toss Bank + Toss Securities + Toss Insurance + Toss Place).

**Major investors (Viva Republica)**: **Kleiner Perkins + Altos Ventures + Goodwater Capital + Sequoia Capital + Greyhound Capital + GIC Singapore + Bessemer Venture Partners + KB Investment + Tencent + others**.

**Regulators**: **FSC (Financial Services Commission Korea) + FSS (Financial Supervisory Service Korea)** — internet-only bank license.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Toss Bank mobile app (iOS + Android) + Toss Bank cards |
| **Identifiers** | Phone + Korean Resident Registration Number + card number |
| **License** | Internet-only bank (FSC-licensed; Korea's 3rd after KakaoBank + K Bank) |
| **Sub-products** | Toss Bank Account + Toss Bank Card + Fixed Deposits (upfront-interest innovation) + Toss Bank Loans + Toss Bank Foreign Exchange |
| **Distinctive product**: Fixed-deposit with upfront-interest payment to customers |

## Users & growth

**End-2025 baseline (Fixed Deposit Product metric)** <sup>[1][1]</sup>:
- **Subscribers**: 700,000
- **Cumulative accounts opened**: 2.24 million
- **Total cumulative deposits**: 44.6751T won (~$33.8B)
- **Interest paid to customers**: 435.1B won (~$330M)
- **Reinvestment rate**: 47%
- **Age demographics**: 40s = 26.1%; 50s = 24.1%; 30s = 22.4%

## Use cases

Korean retail digital banking (deposits + cards + loans + foreign exchange); fixed-deposits with upfront-interest payment innovation; Toss app + Toss Bank super-app + internet-only banking integration; Viva Republica multi-product Korean fintech ecosystem (Toss app + Toss Bank + Toss Securities + Toss Insurance + Toss Place).

## Implementations & partners

**Operator**: **Toss Bank Co., Ltd.** (Viva Republica subsidiary).

**Parent**: **Viva Republica Inc.** (Korean fintech mega-startup).

**Sister entities** (under Viva Republica): **Toss app** (covered Batch 3) + **Toss Securities** + **Toss Insurance** + **Toss Place**.

**Major Korean internet-only bank competitors**:
- **KakaoBank** (Kakao-affiliated; KOSDAQ: 323410; Korea's #1 internet bank by users)
- **K Bank** (KT Corporation + Woori Bank-affiliated; Korea's first internet-only bank)
- **KOMSCO Bank** (planned)

**Major Korean consumer-finance competitors**:
- **[KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay)** (Batch 2; Kakao Pay; KakaoBank sister)
- **[Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-pay)** (Batch 3; Naver Financial)
- **[Toss](https://docs.barcoder.ai/docs/wallets/toss)** (Batch 3; Viva Republica Toss app sister to Toss Bank)
- **PayCo** (NHN PayCo)

**Regulators**: **FSC + FSS**.

## Fun facts

- **Korea's 3rd internet-only bank** (after KakaoBank + K Bank); launched October 2021.
- **End-2025 baseline (Fixed Deposit Product metric)**: 700K subscribers + 2.24M cumulative accounts + 44.7T won (~$33.8B) cumulative deposits + 435.1B won (~$330M) interest paid + 47% reinvestment rate.
- **Distinctive product**: Fixed-deposit with **upfront-interest payment** innovation.
- **Demographics**: 40s = 26.1%; 50s = 24.1%; 30s = 22.4% — multi-generational.
- **Viva Republica multi-product ecosystem**: Toss app + Toss Bank + Toss Securities + Toss Insurance + Toss Place.
- **Investors include Kleiner Perkins + Altos Ventures + Goodwater Capital + Sequoia + GIC + KB Investment + Tencent**.

## Comparison

| Feature | Toss Bank | KakaoBank (KR #1 internet-only bank rival) | K Bank (KR 1st internet-only bank rival) | [KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay) (KR consumer-finance rival; Batch 2) | [Toss](https://docs.barcoder.ai/docs/wallets/toss) (sister consumer app; Batch 3) |
|---|---|---|---|---|---|
| Operator | **Toss Bank Co., Ltd. (Viva Republica subsidiary)** | KakaoBank (Kakao-affiliated; KOSDAQ: 323410) | K Bank (KT Corporation + Woori Bank-affiliated) | Kakao Pay | Toss (Viva Republica) |
| Type | **KR 3rd internet-only bank + fixed-deposit upfront-interest innovation** | KR #1 internet-only bank by users; Kakao-anchored | KR first internet-only bank (2017); KT + Woori-anchored | KR consumer-finance super-app + KakaoBank sister | KR consumer-finance super-app + Toss Bank sister |
| Country | South Korea | South Korea | South Korea | South Korea | South Korea |
| Users | **End-2025**: 2.24M cumulative accounts (Fixed Deposit metric) + 44.7T won (~$33.8B) deposits | Korea's largest internet bank by users | Major Korean internet bank | Major Kakao-ecosystem | Major Toss-ecosystem |
| Distinctive | **3rd KR internet bank; fixed-deposit upfront-interest innovation; 47% reinvestment rate; Viva Republica multi-product ecosystem; Kleiner Perkins + Sequoia + GIC + Tencent backed** | KR #1 internet-only bank by users; KOSDAQ-listed | KR first internet-only bank (2017) | Kakao Pay super-app | Toss super-app |

## Status

**Active, Korea's 3rd internet-only bank with distinctive upfront-interest fixed-deposit innovation** <sup>[1][1], [2][2]</sup>:
- **Toss Bank Co., Ltd. (Viva Republica subsidiary)** since October 2021.
- **End-2025 Fixed Deposit Product metrics**: 700K subscribers + 2.24M cumulative accounts + 44.7T won (~$33.8B) deposits + 435.1B won (~$330M) interest paid + 47% reinvestment rate.
- **Multi-generational demographics**: 40s = 26.1%; 50s = 24.1%; 30s = 22.4%.
- **Viva Republica multi-product ecosystem**: Toss app + Toss Bank + Toss Securities + Toss Insurance + Toss Place.
- **FSC + FSS regulated** internet-only bank.

## Sources

[1]: https://cm.asiae.co.kr/en/article/2025121708390633779 "Toss Bank Fixed Deposit + 2.24M accounts + 44.7T won — Asia Economy"
[2]: https://www.crunchbase.com/organization/toss "Toss Crunchbase profile (Viva Republica + Toss Bank)"
[3]: https://www.instagram.com/p/DQEGDUngeC-/ "Open Toss Bank account from Korea — Instagram"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [Toss Bank Fixed Deposit + 2.24M accounts — Asia Economy][1]
- [2] [Toss Crunchbase profile][2]
- [3] [Open Toss Bank account from Korea — Instagram][3]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-south-korea.md`

## Source

Biography extracted from [toss-bank.md](https://docs.barcoder.ai/source/wallets/toss-bank). See `matrix.md` for standards-support matrix if present.