Send money to South Korea

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

Special rate and 0 fees on your first transfer
Recipient gets 2529360.00 KRW
Rate 1264.6800,
Fees 0 USD
Speed
Instantly
Payment options
Bank account Debit card Credit card
Receive options
Bank account Debit card
Recipient gets 2527128.00 KRW
Rate 1274.2100,
Fees 16.71 USD
Speed
1 day
Payment options
Bank Debit (ACH)
Receive options
Bank account
Recipient gets 2526875.20 KRW
Rate 1263.4376,
Fees 0 USD
Speed
6 days
Payment options
Bank account Cash at Location
Receive options
Bank account Cash Pickup

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

Special rate and 0 fees on your first transfer
Recipient gets 3185440.00 KRW
Rate 1592.7200,
Fees 0 GBP
Speed
Instantly
Payment options
Bank account Debit card Credit card
Receive options
Bank account Debit card
Recipient gets 3163515.00 KRW
Rate 1591.8100,
Fees 12.63 GBP
Speed
A few minets
Payment options
Bank account PISP
Receive options
Bank account
Recipient gets 3160681.40 KRW
Rate 1580.3407,
Fees 0 GBP
Speed
Same day
Payment options
Bank account Debit card
Receive options
Bank account

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

Recipient gets 2527128.00 KRW
Rate 1274.2100,
Fees 16.71 USD
Speed
1 day
Payment options
Bank Debit (ACH)
Receive options
Bank account
Special rate for new customers
Recipient gets 2434827.00 KRW
Rate 1217.4136,
Fees 0 USD
Speed
Within 24h
Payment options
Bank account Debit card Credit card
Receive options
Bank account
Recipient gets 2195611.47 KRW
Rate 1100.55161,
Fees 4.99 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

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 and 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 6 proposed providers and follow the link to process a money transfer from the US to South Korea.

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.

Top 7 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
Remitly1 USD = 1264.6800 KRW0 USD
TransferWise1 USD = 1274.2100 KRW16.71 USD
MoneyGram1 USD = 1263.4376 KRW0 USD
Ria1 USD = 1262.1741 KRW0 USD
Revolut1 USD = 1261.0937 KRW0 USD
InstaReM1 USD = 1260.9354 KRW0 USD
Xe Money Transfer1 USD = 1217.4136 KRW0 USD

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)?

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?

Popular destinations for transfers to South Korea