Compare money transfers to South Korea

Find the best way to send money to South Korea and save on fees and exchange rates!
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3 best ways to send 2000 USD from the US to South Korea

$20 off transfer of at least $250 with code NEW20
Recipient gets 2836653.48 KRW
Rate 1404.2839
Fees 0 USD
You pay 2000 USD
Speed
2 days
Payment options
Bank Debit (ACH) Payee Bank account
Receive options
Bank account
Special rate and no fees on your first transfer
Recipient gets 2820600.00 KRW
Rate 1410.3000
Fees 0 USD
You pay 2000 USD
Speed
Instantly
Payment options
Debit card Credit card
Receive options
Bank account Cash Pickup Home delivery Mobile wallet
Recipient gets 2816524.00 KRW
Rate 1422.8100
Fees 20.45 USD
You pay 2000 USD
Speed
2 days
Payment options
Bank account
Receive options
Bank account

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

Recipient gets 3149053.61 KRW
Rate 1582.439
Fees 10 GBP
You pay 2000 GBP
Speed
A few minets
Payment options
Bank account Debit card Credit card
Receive options
Bank account
Recipient gets 3145082.00 KRW
Rate 1572.5410
Fees 0 GBP
You pay 2000 GBP
Speed
2 days
Payment options
Apple Pay Debit card
Receive options
Bank account
Special rate and no fees on your first transfer
Recipient gets 3093360.00 KRW
Rate 1546.6800
Fees 0 GBP
You pay 2000 GBP
Speed
Instantly
Payment options
Debit card Credit card
Receive options
Bank account Cash Pickup Home delivery Mobile wallet

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

Recipient gets 2816524.00 KRW
Rate 1422.8100
Fees 20.45 USD
You pay 2000 USD
Speed
2 days
Payment options
Bank account
Receive options
Bank account
Special rate for new customers
Recipient gets 2635954.00 KRW
Rate 1317.9771
Fees 0 USD
You pay 2000 USD
Speed
3 days
Payment options
Bank Debit (ACH)
Receive options
Bank account
Recipient gets 2447043.60 KRW
Rate 1226.58212
Fees 4.99 USD
You pay 2000 USD
Speed
2 days
Payment options
Bank account Debit card Credit card
Receive options
Bank account Cash Pickup

The Best Services To Transfer Money To South Korea

List of the best services to transfer money from the US 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 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 EUR und USD.
  4. Enter the transfer amount in the selected currency - for example, 2000 USD.
  5. Select the currency of receipt - the recipient can receive money in South Korea in KRW, USD, EUR.
  6. Choose a suitable option from the 5 proposed providers and follow the link to process a money transfer from the US to South Korea.

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 8 money transfer services 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.

CompanyRateFees and special offers
InstaReM1 USD = 1404.2839 KRW$20 off transfer of at least $250 with code NEW20
Remitly1 USD = 1410.3000 KRWSpecial rate and no fees on your first transfer
TransferWise1 USD = 1422.8100 KRWFees = 20.45 USD
MoneyGram1 USD = 1408.1212 KRWNo fees
Ria1 USD = 1381.3642 KRWNo fees
Revolut1 USD = 1334.3759 KRW10 free transfers each month
PaySend1 USD = 1322.5103 KRWNo fees
Xe Money Transfer1 USD = 1317.9771 KRWSpecial rate for new customers

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.

TransferWiseTransferWise (formerly TransferWise) offers some great options for sending money from the US to South Korea.
Is it cheap?The exchange rate at Wise is 1422.8100 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 account. There is also the option of paying using Bank Debit (ACH), Debit card or Credit card, but the fees will be higher.
Is it fast?The fastest way to send money is via . The transfer will then be processed instantly.
How to receive?There is only one option available from TransferWise for transfers to South Korea - money can be received into a bank account.
PaySendPaySend is popular because it keeps the transfer fee from the US to South Korea to a minimum.
Is it cheap?PaySend has set an advantageous exchange rate - 1 USD equals 1322.5103 KRW and allows you to make the transfer without incurring any charges.
How to pay?The sender has the option of making the payment using the payment method - Debit card.
Is it fast?The transfer from the sender from the US will reach the recipient in 2 days.
How to receive?PaySend offers the only option to receive the transfer - Bank account.
Xe Money TransferXe Money Transfer 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 1317.9771 USD.
How to pay?The best way to pay is via Bank Debit (ACH), which does not charge any fees. You can also pay with a Debit card or Credit card, but XE will charge you a fees.
Is it fast?If you pay via , the transfer will be delivered to South Korea within 24 hours.
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, Ria, Revolut 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 will be 2820600.00 KRW in Remitly. You can also receive a money transfer from TransferWise for the amount 2816524.00 KRW.

3149053.61 KRW - will be received upon sending 2000 pounds to South Korea via Revolut. Or it is possible to recieve a money order for 3145082.00 KRW in PaySend. In Remitly, the recipient will get the amount of 3093360.00 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 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)?

What payment options can I use for transfers from the US to South Korea?

How can I receive money transfer from the US in South Korea?

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

Popular destinations for transfers to South Korea