The internet-only bank from Korean fintech unicorn Toss (Viva Republica), launched in 2021. It is known for fee-free transfers and high-yield deposits, deeply integrated with the Toss super-app.
Requires a Korean number plus an ARC. Visitors cannot apply; long-term residents can once they hold an ARC.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Partially. Long-term foreign residents with an ARC can apply; short-stay visitors cannot.
No initial deposit and no minimum balance — the account can be opened at zero.
A Korean number in your name, your ARC, an account at another Korean bank for verification, and a smartphone.
About 5–10 minutes in the app; verification for foreigners may take 1–3 working days.
Common reasons: a number not in your name, an expired ARC or mismatched details, failed face verification, or an incomplete verification transfer.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.