Send money to South Korea
OFX fee
+ $0.00 CAD
Amount to be converted
$10,000.00 CAD
Your customer rate
963.4944
Converted to
â‚©9,634,944.00 KRW
How to send money to South Korea from Canada
1. Registration.
We’ll ask for some personal details to create your account and verify your identity.
2. Verification.
Electronic verification keeps things moving before we give you a call to make sure you’re good to go.
3. Book your transfer.
Tell us the amount you want to send, or what your recipient needs to receive and see your rate.
4. Send your funds.
You’ll be notified when funds hit our intermediary account. Track your transfer online, in-app or via SMS.
What is the best way to send money to South Korea from Canada?
When you transfer money to South Korea with OFX the easiest option is Direct Debit. The agreed amount will be withdrawn from your nominated account and then sent to your recipient.
Otherwise, you can send a wire transfer and make your payment online or in-branch (bank fees apply).
In Canada, customers of select participating financial institutions, including RBC, BMO, Tangerine and Credit Unions, also have the option to pay via electronic bill payments.
Please note that payment methods vary based on the currency being sent. Once you lock in your transfer, we will inform you of available payment options.
How long does it take to transfer money to South Korea from Canada?
Our global network of banking partners enables us to move your money efficiently, through some of the fastest payment schemes available globally.
Most international money transfers to South Korea are completed within 3-5 business days of OFX receiving your funds.
Currency tools that could help you save
What’s driving the Canadian dollar right now?
Get up-to-date currency market insights from our OFXperts. It could help you save on your next money transfer to South Korea.
Your rate to send money to South Korea now
Need to send money now? Check your customer rate based on the live market.
CAD/KRW exchange rates
Not sure how the current market exchange rate for South Korean won stack up? Review past performance for your currency pair.
Rate alerts for South Korean won
Want to know the best time to transfer to South Korea? Set up a Rate Alert for your currency pair and we’ll let you know if the rate hits.
FAQs
Can I send money to South Korea with a mobile app?
Yes, you can send money to South Korea online using the OFX app available on Android and iOS. Download the app now.
Can I send money from an Canadian bank account to South Korea?
OFX can transfer funds to almost any bank in South Korea, including, but not limited to:
Citibank Korea, KEB Hana Bank, KB Kookmin Bank, Standard Chartered Korea, Shinhan Bank, Woori Bank, Daegu Bank, Busan Bank, Kwangju Bank, Jeonbuk Bank, Jeju Bank
How can I send money to a friend in South Korea from Canada?
Whether it’s a gift or a lifeline, when you transfer with OFX we can send money straight to your friend’s bank account.
They don’t need to sign up with OFX, all they have to do is share their bank account details with you.
What verification details do I need to provide as a Canadian resident?
Verification helps keep our platform safe from fraud, so we verify the identity of every person who requests an OFX account.
To verify your identity you’ll need your passport, driver’s license or identity card.
If you’re making a business money transfer, we’ll also ask for your business registration number. industry, and other additional documentation relevant to your business structure.
Is there any limit on how much money I can send to South Korea from Canada?
OFX does not enforce any limits on the amount of money you may wish to transfer to South Korea online.
Yes. OFX has implemented reasonable safeguards to help protect your personal information against loss or theft, as well as unauthorized access, disclosure, copying, use, or modification. These safeguards include physical, organizational, and technological measures. The specific safeguards used by us may differ based on our sole judgment as to the sensitivity of the information at issue and the format or location in which it is maintained.
For more information please view our Privacy Policy.