For parents’ birthdays and family trips, the mother-in-law has been managing family installment savings and membership fees by opening a Kakao Bank meeting account for 7 years, and the in-laws this year.
It is useful because it prepares large and small items that can spend a lot of money in advance, can be used and shared whenever necessary, but it was regrettable that there was no option other than Kakao Bank.
Check out how the Toss Gathering Bankbook, which complemented the shortcomings of Kavin, has been improved, compare the two Gathering Bankbooks, and think about switching.
What are the advantages of a meeting passbook?
Membership fees can be collected and spent at all gatherings of couples, friends, and clubs.
Installing the app and registering as a member are required, but anyone can participate, even if they do not have an account, unless they are the meeting owner or co-manager.
It is transparent as everyone can immediately check the details of membership fee deposit and withdrawal.
The user experience (UX) is intuitive and convenient, so even first-time users can use it easily. 토스뱅크 모임카드
What are the materials to sign up for?
Identification card, mobile phone authentication, other bank account for identity verification 이베이스매뉴얼
Account opening restrictions?
Regulations to limit the opening of multiple accounts for a short period of time also apply to meeting bankbooks.
If you open a new bankbook without a Kabbin or Toss bankbook, you can only create a new bankbook after 20 business days, so be careful if you plan to open a bankbook at another bank.
division
Kakao Bank
Toss Bank
meeting room
1 person
no limit
meeting member
up to 100 people
no limit
interest rate
0.10% per annum
(2.6% when connected to Safebox)
2.3% per annum
card issuance
1 account holder
unlimited
Dues management
meeting room only
common meeting room
What are the pros and cons of Kakao Bank?
You can set a budget for living expenses and check the real-time spending status on a monthly basis to use it as a savings account for managing living expenses for a couple.
On the day the meeting owner pays the dues, set the amount rule to automatically notify and ask the unpaid members at once.
You can easily invite friends with KakaoTalk, and even friends without an account can participate in the meeting account.
Only the meeting room can manage the account and own the card, which is burdensome and makes payment inconvenient as card sharing is not possible.
What are the pros and cons of Toss Bank?
Unlike Kabang, where only one person at the meeting room could manage the account, Toss Meeting Bankbook allows anyone in the meeting room to issue, withdraw, and pay by card.
Even if you leave it for just one day, it provides an annual interest rate of 2.3%, which is higher than Kakao Bank, which provides 0.1%.
Every time a membership fee is used, a notification message is sent to all members, and a push notification is automatically sent to members who do not pay membership fees.
There is no limit on the number of people unlike Kabang, which can only join up to 100 members.
I haven’t used it yet, so I don’t know the downside, but the interest rate and ease of use are higher than Kabang.
Kakao Bank or Toss Bank?
Kakao Bank provides new year meeting support funds by lottery if you create a new meeting by February 14th, and Tossbank offers support funds up to 10,000 won to everyone who opens an account for the first time as a meeting support fund event until March 31st.
I want to move to Toss, where the interest rate is high and anyone can manage the account, but I think I will have to discuss it with the members because I have to open a new bank account and I can’t decide alone and I have to move the bank book.