How to Send Money to South Korea

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WAYS TO TRANSFER

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*This amount is calculated using our Customer Rate compared to the banks as at today’s date and are subject to change.

OFX fees

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Fee free*

OFX fees not included in the conversion amounts shown above.
*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.

Delivery time

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CCY Worldwide Delivery Times

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*Delivery times are indicative and measured in business days from the time your funds are received by OFX.

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

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 New Zealand?

Unfortunately, we cannot send won from South Korea to New Zealand. However, if your South Korean account is in another currency such as GBP 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:

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

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