Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
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South Korea Money Transfers – FAQs
Is there any limit on how much money I can send to the South Korea?
No. OFX can transfer any amount over £250.
Can I send money from a South Korea bank account to the United Kingdom?
Unfortunately, we cannot send won from South Korea to the United Kingdom. However, if your South Korean account is in another currency such as AUD or USD, we can help.
Does OFX transfer money to all South Korea banks?
OFX can transfer funds to most banks in the South Korea, including, but not limited to:
KEB Hana Bank
KB Kookmin Bank
Standard Chartered Korea
The OFX-factor:You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you
How to Send Money to South Korea
Gather the relevant banking information including the name on the recipient’s bank account, the account number, the KRRN code, the SWIFT code, and the bank’s name.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to South Korea using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
What currency is used in South Korea?
The primary currency in South Korea is the Korean won.
How to send money to South Korea at a great exchange rate
If you want to read up on the factors that influence the value of the KRW or other currencies, head over to the Exchange Rates section of our site