Compare money transfers to South Korea

Find the best way to send money to South Korea without fees.
As of April 24, 2024 you have 16 options available with an exchange rate starting at 1370.1000 KRW per 1 USD.



The results were calculated a few hours ago

6 best ways to send money from the US to South Korea

How to send 2000 USD to KRW
Best
Fastest
No fees
Special rate for new customers
2000 USD = 2698703.00 KRW
Rate 1349.3515
Fees 0 USD
Speed
Within 24h
Payment options
Bank account Credit card Debit card
Receive options
Bank account
Easiest
No fees
First transfer is fee-free
2000 USD = 2696395.60 KRW
Rate 1348.1978
Fees 0 USD
Speed
2 days
Payment options
Debit card
Receive options
Bank account
Cheapest
$10 off first 2 transfers with code FROMTO
2000 USD = 2724084.40 KRW
Rate 1362.0422
Fees 0 USD
Speed
2 days
Payment options
Bank Debit (ACH) Payee Bank account
Receive options
Bank account

8 cheapest ways to transfer money from the UK to South Korea

How to transfer 2000 GBP to KRW
Best
Fastest
No fees
Special rate for new customers
2000 GBP = 3349066.60 KRW
Rate 1674.5333
Fees 0 GBP
Speed
Within 24h
Payment options
Bank account Credit card Debit card
Receive options
Bank account
Easiest
2000 GBP = 3324750.53 KRW
Rate 1665.6983
Fees 3.99 GBP
Speed
2 days
Payment options
Trustly
Receive options
Bank account
Cheapest
£20 off first 2 transfers with code FROMTO20X2
2000 GBP = 3398889.80 KRW
Rate 1699.4449
Fees 0 GBP
Speed
2 days
Payment options
Bank account
Receive options
Bank account

2 easiest ways to wire money from the US to South Korea

How to wire 2000 USD to KRW
Best
Fastest
No fees
Special rate for new customers
2000 USD = 2698703.00 KRW
Rate 1349.3515
Fees 0 USD
Speed
Within 24h
Payment options
Bank account Credit card Debit card
Receive options
Bank account
Cheapest
Fastest
2000 USD = 2715004.00 KRW
Rate 1370.1000
Fees 18.39 USD
Speed
A few minutes
Payment options
Bank Debit (ACH)
Receive options
Bank account

The Best Services To Transfer Money To South Korea

List of the best services to transfer money from the US to South Korea:

🪙 Cheapest to a bank accountInstaReM
💳 Best with credit card paymentRemitly and Xe
💶 Easiest cash pickupRemitly

The top three options for remitting money to South Korea include using the bank, going through online money transfer providers, or opting for services that offer in-person cash pick-up. Some options are cheaper than others, some get your money across really fast, some others are very convenient, while some offer a good combination of everything. Your preferred method should be based on factors like cost, reliability, accessibility, and transparency. Read on to learn more.

How to send money to South Korea online?

  1. Enter the country of departure – United States.
  2. Enter the country of receipt – South Korea.
  3. Select the departure currency - you can send money online from the US in USD and EUR.
  4. Enter the transfer amount in the selected currency - for example, 2000 USD.
  5. Select receipt currency - the recipient can receive money in South Korea in KRW, USD, EUR.
  6. Choose an appropriate option from the 8 proposed providers and follow the link to process a money transfer from the US to South Korea.

Available options for receiving remittances to South Korea

We have found several available options for receiving remittances in South Korea. Receiving a transfer in South Korea can be done to a bank account, mobile wallet or in cash.

How do I transfer money to South Korea to a bank account?

How do I send money to South Korea to a mobile wallet?

Different ways to pay for money transfers to South Korea

We have found a few convenient ways to pay for money transfers to South Korea. You can use a Bank Debit (ACH), Payee, Bank account, Debit card, Credit card, Cash at Location, Google Pay, WU Pay or Trustly to pay for transfers to South Korea.

How to transfer money to South Korea with a debit card?

How to send money to South Korea from a bank account?

How to remit money to South Korea by credit card?

How to send cash to South Korea?

How to wire money to South Korea using Bank Debit (ACH)?

How to easily process a money transfer to South Korea?

  1. Search for remittance services.
  2. Set up free account with any online transfer service of your choice. You can begin the transfer to South Korea once your account is verified.
  3. Complete the form you receive with the required transfer information.
  4. Keep your receipt for both tracking the transaction and collecting cash.

What are the different ways of transferring money to South Korea?

  • Bank Transfers. When sending money through the bank, consider using a Korean bank in your country that is devoted to the needs of Koreans living abroad as they may offer better services. However, bank-bank transfers can be costly even when you send large sums. It may also be much slower compared to other methods. Furthermore, the efficiency of a bank transfer service to Korea is determined by how extensive its network of service centers is. Generally, when doing a small transfer or if speed is important, banks are not the best option. You’ll be better off exploring other options.
  • Cash Collection Companies. Another option to consider for remitting funds to South Korea is money transfer operators with agent outlets that provide international cash payment services. And they can be the most suitable option, especially when an inter-bank transfer is unfavorable. Some of these financial service brands have support for cash transfers over the internet. Simply identify a provider that has a cash pick-up center in the recipient’s desired location. You can easily find their vendors in various traditional banks, independent shops, and self-service centers. Using this cash payment channel will incur some fees plus extra margin on the prevailing market exchange rate.
  • E Funds Transfer Platforms. Electronic funds transfer platforms are very popular for many people. Online services may be the most cost-effective choice for money transfer. Their charges are often low. They offer attractive conversion rate and the receiver's account can be credited almost immediately. Paying for transfers is easier when you opt for paying through debit or credit cards. These online services allow you the flexibility of sending cash straight to a traditional bank account or collecting cash in various locations in Korea. You are not required to open a bank account in the host pay through this service.

Top 6 money transfer providers for sending money to South Korea

The following chart is a calculation of the transfer of 2000 USD to KRW from the US to South Korea.
ProviderRateFees and special offers
InstaReM1362.0422 KRW$10 off first 2 transfers with code FROMTO
Remitly1357.9200 KRWSpecial rate and no fees on your first transfer
Wise1370.1000 KRWFees = 18.39 USD
Xe1349.3515 KRWSpecial rate for new customers
MoneyGram1348.1978 KRWFirst transfer is fee-free
OFX1339.8932 KRWNo fees

Which service should you use to send money to South Korea?

Pick a service that meet your needs in terms of the following factors:

  • Exchange rate margins.
  • Service charge & fees.
  • Network of banks.
  • Payment & withdrawal options.
  • Transfer speed
  • Limit on transfers

Reliable online remittance providers to South Korea

Here are the best providers for secure online transfers from the US to South Korea.

Send money from the US to South Korea with Wise

WiseWise (formerly TransferWise) offers some great options for sending money from the US to South Korea.
💱 Is it cheap?The exchange rate at Wise is 1370.1000 KRW for 1 USD. The fees and transfer speed depend on the payment option you choose and can vary.
💲 How to pay?The best way to pay is via Bank Debit (ACH). There is also the option of paying using Bank account, Debit card or Credit card, but the fees will be higher.
⌚ Is it fast?The fastest way to send money is via Bank Debit (ACH), Bank account, Debit card or Credit card. The transfer will then be processed instantly.
💰 How to receive?There is only one option available from Wise for transfers to South Korea - money can be received into a bank account.

Send money from the US to South Korea with Xe

XeXe has several good and reliable options to transfer money from the US to South Korea.
💱 Is it cheap?XE has set a special exchange rate for new customers - 1 KRW can be exchanged for 1349.3515 USD.
💲 How to pay?The best way to pay is via Bank account, Credit card, Debit card or Bank Debit (ACH), which does not charge any fees. You can also pay with a , but XE will charge you a fees.
⌚ Is it fast?If you pay via Bank account, Credit card or Debit card, the transfer will be delivered to South Korea within 24 hours. Alternatively, if you pay by Bank Debit (ACH), the recipient can see the money in 3 days
💰 How to receive?Using XE, the recipient will only be able to receive transfers from the US to their own bank account.
In addition to these providers, you can also use InstaReM, Remitly, MoneyGram, OFX and others. You can compare the offers of each of them in order to choose the most favourable option.

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

When transferring 2000 dollars to South Korea, the amount received is 2724084.40 KRW in InstaReM. You can also receive a money transfer from Remitly for the amount 2715840.00 KRW. And with Wise 2715004.00 KRW. There is still an option Xe , MoneyGram.

3398889.80 KRW - will be received by transferring 2000 pounds to South Korea via InstaReM. Or it is possible to recieve a transfer for 3392413.00 KRW with Western Union. With Wise, the recipient receives the amount of 3388700.00 KRW.

Why you should Use a Financial Service Provider From Our Site?

We’ve researched and carefully selected the best financial service providers. Use our tool to:

  • Compare conversion rates service charges and so much more in real-time to know exactly how much the receiver will get.
  • Find discounts and other bonuses to transfer money more cheaply.

FAQ

What is the best way to send money from the US to South Korea (USD → KRW)?

What is the fastest way to transfer money from the US to South Korea (USD → KRW)?

What is the cheapest way to transfer money from the UK to South Korea (GBP → KRW)?

How long does it take to send money from the UK to South Korea (GBP → KRW)?

What payment methods to use for transfers from the US to South Korea?

How to receive money transfer from the US in South Korea?

How to send money from the US to South Korea for free?

Popular destinations for transfers to South Korea