토스 외화통장 알아보기 Find out about Toss foreign currency account

Toss Bank Foreign Exchange Account is a service that allows you to freely trade 17 currencies with a single account.

토스 외화통장

토스 외화통장

Customers who hold a Toss Bank account can open one foreign exchange account per person.

Overseas payments and withdrawals are also possible by linking with the Toss Bank check card.

You can only sign up for Toss Bank Foreign Exchange Account if you are over 17 years old and a citizen of the Republic of Korea.

Foreign customers cannot use the service. Monthly transaction limit is $300,000 (USD)

 

 

 

ㅣ2. Summary of benefits (+ linked to Toss Bank Card)

Toss Bank foreign currency account exempts all fees related to foreign currency exchange for life.

For both buying and selling, you can always receive a 0 won exchange fee and a 100% preferential exchange rate.

 

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By additionally linking your Toss Bank check card, you can enjoy your overseas travel more economically and conveniently.

Payment fees are waived when you buy something at an overseas store, and there are no withdrawal fees when you withdraw cash from an overseas ATM.

 

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To receive payment and withdrawal fee waiver benefits, you must select the “Cashback Anywhere” benefit.

Please refer to the image above for detailed selection methods.

[Toss Bank Account] → [Card] → [Change Benefits] → [Apply Cashback Anywhere]

 

 

 

ㅣ3. Free foreign currency receiving event

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From January 22nd to 25th, 2024, Toss Bank will dispense foreign currency for free.

To participate in the event, you must have a Toss Bank foreign currency account.

The event location is in the “Menu” at the bottom right.

If you want to conveniently receive foreign currency, please click the link below.

 

We give away foreign currency to 17 countries 🌏

https://tossbank.com/_ul/9iIXUNo

Toss Bank

Meet a whole new bank

toss.onelink.me

 

 

ㅣ4. How to create a foreign currency account

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①. Run the Toss Bank application and select [All] at the bottom right.

②. Scroll down and select [Create Toss Bank foreign currency account].

③. Anyone can easily create one by selecting [Create a foreign currency account] and following the instructions.

 

 

 

ㅣ5. Honest review

1️⃣ The cashback benefits of the existing Toss Bank Card have been reduced.

Toss Bank Card, which provides unconditional 3% cashback when traveling abroad

Table of Contents 1. Introduction to Toss Bank Card benefits 2. Precautions regarding cashback 3. Foreign currency payment blocking (DCC) ㅣ1. Introduction to Toss Bank Card benefits Introducing the card that received great cashback during this trip to Hawaii. Toss Bank Card

bohemihan.tistory.com

The existing Toss Bank card offered 2% cashback when making payments at overseas stores.

Even considering the 1% MasterCard fee and $0.5 foreign service fee, cashback was more advantageous for purchases of $60 or more.

However, if you link it to Toss Bank’s foreign currency account, the cashback disappears and only the fee is waived.

I liked it because it had a distinct charm compared to the ‘Travel Wallet Woori Card’, but I personally found it disappointing.

 

 

2️⃣ It feels like real-time exchange rates are not applied like investing. (cf. Kiwoom Securities)

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Kiwoom Securities Global (overseas stocks) applies real-time published exchange rates.

It provides a lower preferential exchange rate (95%) than Toss Bank’s foreign currency account, but there are times when it is a loss because the real-time exchange rate is not reflected.

If you take advantage of that and trade, you can save on commissions and make more profits.