Send money to South Korea

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3 best ways to send 2000 USD from the US to South Korea

TransferWise
Recipient gets: 2329989.00 KRW
Rate: 1174.81,
Fees: 16.71 USD
Speed:
A few minets
Payment options:
Bank Debit (ACH)
Withdrawal options:
Bank account
MoneyGram
Recipient gets: 2329756.00 KRW
Rate: 1164.878,
Fees: 0 USD
Speed:
6 days
Payment options:
Bank account Cash at Location
Withdrawal options:
Bank account Cash Pickup
Ria
Recipient gets: 2327426.02 KRW
Rate: 1163.71301,
Fees: 0 USD*
First transfer is fee-free with promo code FREE
Speed:
4 days
Payment options:
Bank account Debit card Credit card
Withdrawal options:
Bank account Cash Pickup

3 cheapest ways to send 2000 GBP from the UK to South Korea

Remitly
Recipient gets: 3108280.00 KRW
Rate: 1554.14,
Fees: 0.00 GBP
Speed:
Instantly
Payment options:
Bank account Debit card Credit card
Withdrawal options:
Bank account Debit card
TransferWise
Recipient gets: 3083779.00 KRW
Rate: 1550.76,
Fees: 11.44 GBP
Speed:
A few minets
Payment options:
Bank account PISP
Withdrawal options:
Bank account
InstaReM
Recipient gets: 3082751.80 KRW
Rate: 1541.3759,
Fees: 0 GBP
Speed:
1-2 days
Payment options:
Bank account Debit card
Withdrawal options:
Bank account

3 easiest ways to send 2000 USD from Zimbabwe to South Korea

TransferWise
Recipient gets: 2329989.00 KRW
Rate: 1174.81,
Fees: 16.71 USD
Speed:
A few minets
Payment options:
Bank Debit (ACH)
Withdrawal options:
Bank account
Xoom
Recipient gets: 2103355.74 KRW
Rate: 1054.30837,
Fees: 4.99 USD
Speed:
2 days
Payment options:
Bank account Debit card Credit card
Withdrawal options:
Bank account Cash Pickup
Xe Money Transfer
Recipient gets: 2103355.74 KRW
Rate: 1164.9712,
Fees: 0 USD
Speed:
1-2 days
Payment options:
Bank account Debit card Credit card
Withdrawal options:
Bank account

The Best Services To Transfer Money To South Korea

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

  • 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.

How to do Online 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 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.

Which Company to Wire Funds 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

How Expensive Could it be?

What it’ll cost is determined by your preferences. Online platforms generally offer strong exchange rates and minimal service charge. Emergency cash transfer are usually costlier.

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 transfer money from the US to South Korea (USD→KRW)?

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

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

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

Popular destinations for transfers to South Korea