Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (2024)

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (1)4.3/5 from 222,338 reviews

Fast, low-cost, and secure online money transfers from the USA to South Korea.

Millions of happy customers

See what they have to say

Is Wise safe?

Yes, here’s why

  • 2.79 USD

  • 8.24 USDOur fee

  • 11.03 USDTotal fees

  • =

    988.97 USDTotal amount we’ll convert

  • ×

Should arrive in 3 minutes

Get started

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (2)Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (3)

Save when you send money to South Korea

Sending 1,000 USD withRecipient gets(Total after fees)and transfer speedTransfer speed
CheapestSend Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (4)

1,365,945 KRW3-7 days

3-7 days

Transfer fee

0 USD

Exchange rate(1 USD KRW)

1,365.95

Exchange rate markup

8.33 USD

Cost of transfer

8.33 USD

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (5)

1,362,227 KRW- 3,718 KRW2 minutes

2 minutes

Transfer fee

11.03 USD

Exchange rate(1 USD KRW)

1,377.42

Exchange rate markup

0 USD

Cost of transfer

11.03 USD

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (6)

1,357,802 KRW- 8,144 KRWunavailable

unavailable

Transfer fee

0 USD

Exchange rate(1 USD KRW)

1,357.80

Exchange rate markup

14.24 USD

Cost of transfer

14.24 USD

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (7)

1,316,730 KRW- 49,215 KRW4-10 days

4-10 days

Transfer fee

0 USD

Exchange rate(1 USD KRW)

1,316.73

Exchange rate markup

44.06 USD

Cost of transfer

44.06 USD

The information above applies when you pay in via bank transfer or ACH payments. Information provided is not in real time and may be different from the actual rates and fees on the provider’s website. Transaction speed claimed depends on individual circ*mstances and may not be available for all transactions.

How do we collect this data?

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (8)

How to send money to South Korea in 3 easy steps

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (9)

Enter amount to send in USD.

Pay in USD with your debit card or credit card, or send the money from your online banking.

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (10)

Choose recipient in South Korea.

Select who you want to send money to and which pay-out method to use.

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (11)

Send USD, receive KRW.

The recipient gets money in KRW directly from Wise’s local bank account.

Create free account now

How much does it cost to transfer money to South Korea?

Pay a small, flat fee and percentage

To send money in USD to South Korea, you pay a small, flat fee of 7.71 USD + 0.67% of the amount that's converted (you'll always see the total cost upfront).


Fee depends on your chosen transfer type

Some transfer types have different fees which are usually tiny.


No hidden fees

No big fees, hidden or otherwise. So it's cheaper than what you're used to.

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (12)

Fees for our low cost transfers

Fixed fee

7.71 USD

Variable feeup to 127,165 USD/month

0.67%

Variable feemore than 127,165 USD/month

Discount applies

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (13)

How long will a money transfer to South Korea take?

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (14)

A money transfer from the USA (USD) to South Korea (KRW) should arrive in 3 minutes. Sometimes transfer times can differ based on payment methods or verification changes. We’ll always keep you updated, and you can track each step in your account.

On many popular routes, Wise can send your money within one day, as a same day transfer, or even an instant money transfer.

Your transfer route

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (15)

USD

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (16)

KRW

Should arrive

in 3 minutes

What you’ll need for your online money transfer to South Korea

1

Register for free.

Sign up online or in our app for free. All you need is an email address, or a Google or Facebook account.

2

Choose an amount to send.

Tell us how much you want to send. We’ll show you our fees upfront, and tell you when your money should arrive.

3

Add recipient’s bank details.

Fill in the details of your recipient’s bank account.

4

Verify your identity.

For some currencies, or for large transfers, we need a photo of your ID. This helps us keep your money safe.

5

Pay for your transfer.

Send your money with a bank debit (ACH), wire transfer, or a debit or credit card.

6

That’s it.

We’ll handle the rest. You can track your transfer in your account, and we'll tell your recipient it's coming.

Best ways to send money to South Korea

  • Direct Debit

    Direct Debit is a convenient option that lets us take money from your account once you have authorised the payment on our site. It takes a little more time for your money to reach Wise, and it can be more expensive than a bank transfer.

  • Bank Transfer

    Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money. Read more how to use bank transfers as a payment option.

  • Debit Card

    Paying for your transfer with a debit card is easy and fast. It’s also usually cheaper than credit card, as credit cards are more expensive to process. Read more about how to pay for your money transfer with a debit card.

  • Credit Card

    Paying for your transfer with a credit card is easy and fast. Wise accepts Visa, Mastercard and some Maestro cards. Read more about how to pay for your money transfer with a credit card.

Trust Wise with safe & secure money transfers to South Korea

Safeguarded with leading banks

We hold your money with established financial institutions, so it’s separate from our own accounts and in our normal course of business not accessible to our partners. Read more here.

Extra-secure transactions

We use 2-factor authentication to protect your account and transactions. That means you — and only you — can get to your money.

Data protection

We’re committed to keeping your personal data safe, and we’re transparent in how we collect, process, and store it.

Dedicated anti-fraud team

We work round the clock to keep your account and money protected from even the most sophisticated fraud.

Online scams are on the rise. Learn how to stay safe.

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (17)

Send money to South Korea from the USA with the Wise app

Looking for an app to send money to South Korea? Sending money is easy with Wise app.

  • Cheaper transfers abroad - free from hidden fees and exchange rate markups.
  • Check exchange rates - see on the app how exchange rates have changed over time.
  • Repeat your previous transfers - save the details, and make your monthly payments easier.

Learn more about the Wise app

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (18)

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (19)Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (20)

See what the world’s largest publications have to say

Wired

Smart tech and sharp thinking are disrupting high-street banks

Financial Times

Wise is looking to use the internet to spark a digital revolution in current financial services

The Economist

Wise takes a machete to the hefty fees that banks levy to send money across borders

Wise works nearly everywhere

Send money

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (21)

    Andorra

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (22)

    Argentina

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (23)

    Australia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (24)

    Austria

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (25)

    Bangladesh

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (26)

    Belgium

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (27)

    Botswana

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (28)

    Brazil

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (29)

    Bulgaria

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (30)

    Canada

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (31)

    Chile

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (32)

    China

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (33)

    Colombia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (34)

    Costa Rica

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (35)

    Croatia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (36)

    Cyprus

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (37)

    Czech Republic

  • Denmark

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (39)

    Egypt

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (40)

    Estonia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (41)

    Fiji

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (42)

    Finland

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (43)

    France

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (44)

    Georgia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (45)

    Germany

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (46)

    Ghana

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (47)

    Greece

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (48)

    Hong Kong

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (49)

    Hungary

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (50)

    India

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (51)

    Indonesia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (52)

    Ireland

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (53)

    Israel

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (54)

    Italy

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (55)

    Japan

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (56)

    Kenya

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (57)

    Latvia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (58)

    Liechtenstein

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (59)

    Lithuania

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (60)

    Luxembourg

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (61)

    Malaysia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (62)

    Malta

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (63)

    Mexico

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (64)

    Monaco

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (65)

    Morocco

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (66)

    Nepal

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (67)

    Netherlands

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (68)

    New Zealand

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (69)

    Nigeria

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (70)

    Norway

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (71)

    Pakistan

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (72)

    Philippines

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (73)

    Poland

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (74)

    Portugal

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (75)

    Romania

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (76)

    San Marino

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (77)

    Singapore

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (78)

    Slovakia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (79)

    Slovenia

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (80)

    South Africa

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (81)

    South Korea

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (82)

    Spain

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (83)

    Sri Lanka

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (84)

    Sweden

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (85)

    Switzerland

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (86)

    Tanzania

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (87)

    Thailand

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (88)

    Turkey

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (89)

    Uganda

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (90)

    Ukraine

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (91)

    United Arab Emirates

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (92)

    United Kingdom

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (93)

    United States

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (94)

    Uruguay

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (95)

    Vatican City

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (96)

    Vietnam

  • Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (97)

    Zambia

See why customers choose Wise for their international money transfers

It’s your money. You can trust us to get it where it needs to be, but don’t take our word for it.
Read our reviews at Trustpilot.com.

Reviews from:Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (98)

Let's answer some of your questions

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise (2024)

FAQs

Send Money to South Korea | Money Transfer to South Korea - Wise, formerly TransferWise? ›

Looking for an app to send money to South Korea? Sending money is easy with Wise app. Cheaper transfers abroad - free from hidden fees and exchange rate markups. Check exchange rates - see on the app how exchange rates have changed over time.

Can I use Wise to send money to South Korea? ›

Looking for an app to send money to South Korea? Sending money is easy with Wise app. Cheaper transfers abroad - free from hidden fees and exchange rate markups. Check exchange rates - see on the app how exchange rates have changed over time.

How to send money from the US to S. Korea? ›

It's easy to send money from the United States and receive money in South Korea with MoneyGram. Use your Visa or Mastercard debit card to send to a bank account, or for cash pickup in South Korea to thousands of places where you see the MoneyGram sign.

How much does Wise transfer to Korea cost? ›

To send money in USD to South Korea, you pay a small, flat fee of 7.71 USD + 0.61% of the amount that's converted (you'll always see the total cost upfront).

Does Wise support Korean won? ›

That means you can transact in South Korean wons from wherever you call home, without needing a local address overseas. Hold your funds in South Korean wons or 40 other currencies in your Wise account, send payments to 160 countries with fair and transparent fees.

What is the maximum you can send on Wise? ›

You can send up to 1 million GBP per transfer. Please keep in mind, if you want to send more than 1 million GBP, you'd need to transfer it from your Wise account. This means: You'll need to open an account for the currency you want to convert from and the currency to convert to (GBP).

How much money can I transfer to South Korea? ›

How much can I send to South Korea? You can send the equivalent of USD 5,000 per transfer and up to USD 50,000 per year.

What is the cheapest way to send money from USA to Korea? ›

Bank transfers are typically the cheapest way to get your money to South Korea.

Is Wise Money Transfer safe? ›

They're a provider that is regulated and licensed in the US, overseen by several bodies. Wise doesn't keep your money in a general pot either – it safeguards all customer funds by placing about 60% of your money in liquid assets and 40% in cash in reputable banks at reputable financial institutions.

Is Zelle available in South Korea? ›

No, you cannot use Zelle or Venmo for international money transfers. Both services are limited to the United States. They require both the sender and receiver to have US bank accounts.

Does Wise charge a fee for sending money? ›

It's free to send money from one balance to another, as long as they're the same currency. There's a fixed fee to send money from your balances to a bank account outside of Wise. Add money to your balances for free by making a bank transfer to your bank details.

Is Western Union cheaper than TransferWise? ›

Wise (formerly TransferWise) and Western Union are both popular money transfer services. However, there are some key differences between the two services. Fees: Wise usually charges fewer fees than Western Union.

Is TransferWise cheaper than wire transfer? ›

TransferWise vs international bank transfer: overview

On average, Wise is around 3.5% – 4% cheaper with better exchange rates and more transparent fees.

What Korean bank does Wise use? ›

Shinhan Bank integrates Wise Platform to bring cheaper, faster transfers to customers.

Which country owns Wise? ›

Wise (company)
Type of businessPublic company
HeadquartersLondon , United Kingdom
Country of originUnited Kingdom
Area served70+ countries
Founder(s)Taavet Hinrikus, Kristo Käärmann
14 more rows

What is the limit of remittance to South Korea? ›

How much money can be sent to South Korea from India? According to the RBI's LRS policy, Indians can transmit up to $250,000 (or its equivalent) per person per year to South Korea.

What countries are not supported by Wise? ›

Wise cards issued anywhere won't work here:
Where your card was issuedWhere your card won't work
Most places except Indonesia, Malaysia and the USBelarus, Crimea, Donetsk and Luhansk People's Republics (DNR and LNR), Kherson, Palestinian Territories, Zaporizhzhia
IndonesiaIndonesia (domestic payments)
3 more rows

What countries can you send money to with Wise? ›

What countries/regions can I send to?
New ZealandNorwayPhilippines
PolandRomaniaSouth Africa
South KoreaSri LankaSwitzerland and Liechtenstein
TanzaniaThailandUganda
UkraineUnited Arab EmiratesUnited States of America
9 more rows

Can I transfer internationally with Wise? ›

With a Wise Business account, you can send and receive international transfers at the mid-market rate.

Can I send USD internationally with Wise? ›

With a Wise account, you can also send US dollars internationally. It is one of the cheapest, easiest way to send, receive, hold, and convert money around the world — up to 6x cheaper than a bank. To send money internationally with Wise, just click the send money button on the left navigation bar.

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