How to send money to South Korea
Learn how to transfer money to South Korea with the best exchange rate with these 4 steps
1. Check the KRW interbank exchange rate against your own currency
Transfering money on a date when the mid-market is higher than usual means more money arrives. Follow the exchange rate and make your transfer when the KRW rate gets to a specific level.
2. Find the best deal by comparing the 10 available services.
We compare 10 companies to send money to South Korea, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. You will save big by comparing them all and find the most competitive option for your upcoming money transfer.
3. Select the best money transfer company for your specific needs
Select the money transfer provider with the overall cheapest cost, the faster transfer time, best reviews, or a good compromise.
In addition, it is important to consider the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most common payment methods to send money to South Korea online. On the recipient's side in South Korea, look at different options if you need the converted amount to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your money transfer with the company you selected
Visit the provider's website to sign up (you usually have to give some ID documents to prove your identity), and provide the details of your money transfer to South Korea.
Send money money to South Korea with the current cheapest provider for your next transfer
Questions you may have about your transfers %TO_COUNTRY%
Everyone wins, except expensive solutions
With our model, the only losers are the expensive banks or providers you’ll stop using!
To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.
We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.
We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.
You save money on your transfer by selecting the cheapest provider.
The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.
Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.