Using a Toast Checking Account to Onboard to Toast: FAQ

In this article:

• Does the Toast Checking account have a monthly fee?
• What fees are there for a Toast Checking account?
• Do I get a debit card with a Toast Checking account?
• What kind of account is Toast Checking?
• How do I access my Toast Checking account?
• Can I change my bank account on file with Toast or add another bank account in the future?
• What documents do I need to apply for a Toast Checking account?
• I needed to upload documents. When can I expect my Toast Checking application to be reviewed?
• What is this Identity Verification process when applying for a Toast Checking account?
• Additional resources
  

1. Does the Toast Checking account have a monthly fee?

• No, there are no monthly service or maintenance fees.

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2. What fees are there for a Toast Checking account?

• Your Toast Checking account agreement contains up-to-date fees, such as wire fees and out-of-network ATM fees.

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3. Do I get a debit card with a Toast Checking account?

• Yes, the debit card typically arrives 7-10 business days after opening an account. It also comes with unlimited 1% cash back on eligible* debit purchases. 

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4. What kind of account is Toast Checking?

• Toast Checking is a business bank account and comes with a business debit card. Your primary account and any Jars have account numbers and a routing number, so you can use those for ACHs and wires. The Toast Checking Account is a checkless bank account that does not issue any physical or digital checks.

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5. How do I access my Toast Checking account?

• You can visit your Toast Checking dashboard here or through Toast Web, under Financial Products.

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6. Can I change my bank account on file with Toast or add another bank account in the future?

• Yes, you can choose to add or change your bank account after you finish onboarding and have access to Toast Web. Instructions can be found here: https://central.toasttab.com/s/article/Bank-Account-Changes.

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7. What documents do I need to apply for a Toast Checking account?

• It takes a couple minutes to apply—most customers won’t need any documents. In some cases, customers may be asked for documents to verify their identification (like a government-issued ID) and address (utility bill, bank statement, etc.). 

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8. I needed to upload documents. When can I expect my Toast Checking application to be reviewed?

• If you needed to upload documents, the application review should take 1-3 business days. However, sometimes it can be quicker, so keep an eye on your inbox!

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9. What is this Identity Verification process when applying for a Toast Checking account?

• It’s an added layer of security to make sure your Toast account is set up safely. You’ll need government issued identification and a quick facial scan using your device.

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10. Additional resources

• View full FAQ: Toast Checking: FAQ

• Questions? Email toastchecking@toasttab.com

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Toast is not a bank. Banking services provided by Thread Bank, Member FDIC. The Toast Checking Account Debit Mastercard is issued by Thread Bank pursuant to a license from Mastercard Inc. and may be used anywhere Mastercard is accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions.

The Toast Checking Account is a checkless bank account that does not issue any physical or digital checks.

*Only purchase transactions processed through the Mastercard network are eligible for cash back rewards. Ineligible transactions include transactions that are not processed through the Mastercard network, cash withdrawals, peer-to-peer debit transactions refunds, or any transaction that is not consistent with lawful use of your Toast Checking Account. We reserve the right to modify or terminate this rewards program at any time.