💸 Send Money Overseas from Korea — Banks vs Apps, Fees & What to Prepare (2025)
💸 Send Money Overseas from Korea — Banks vs Apps, Fees & What to Prepare (2025)
.jpg "Korea → Overseas remittance — banks, apps, fees, documents")
Supporting family or paying tuition abroad? This guide compares banks vs mobile apps, shows what to prepare, and offers safe phrases in Korean so your remittance goes smoothly.
▸ Open Contents (Overview • Banks • Apps • Docs • Fees • Dialogue • Tips • FAQ)
Overview methods at a glance
KEB Hana, Woori, KB, Shinhan
KakaoBank, Toss, Wise
Western Union (e.g., CU/GS25)
🏦 Major Banks remittance options
- KEB Hana Bank — strong global network, multi-currency options.
- Woori Bank — English channels; online remittance.
- KB Kookmin — internet banking + branches for large amounts.
- Shinhan — broad corridor coverage; ATM services.
Exact fees/limits vary by bank, corridor, and purpose. Confirm before you go.
📱 Mobile & Online Apps fast & transparent
- KakaoBank International Remittance — in-app process, competitive fees.
- Toss — simple flow; check country support and caps.
- Wise — mid-market rate + clear fee shown upfront.
📝 Required Documents & Limits what to prepare
- ARC (Alien Registration Card) + Passport
- Korean bank account details and recipient info (name, account, SWIFT/BIC, address)
- Purpose of remittance (e.g., family support, tuition, rent) — some banks request proof (invoice, school bill, lease, etc.)
- Annual/transaction caps: banks/apps impose their own limits; commonly quoted personal yearly threshold is around USD 50,000 before stricter checks, but rules differ by provider and purpose. Always confirm current FX policy.
💱 Fees & Exchange Rates how to compare
Flat fee + intermediary bank fees; rate margin may apply.
Lower fee; near mid-market rate; speed varies by corridor.
Convenient for receiver; fees/rates typically higher.
Rates move daily; set alerts and compare before you lock in.
Numbers change frequently. Check in-app quotes vs your bank’s total cost (fee + rate).
🗣 Practice Dialogue bank counter
A: 해외로 돈 보내고 싶어요. Haewero don bonaego sipeoyo. I want to send money overseas. B: 어느 나라로 보내세요? Eoneu nararo bonaeseyo? Which country are you sending it to? A: 미국으로 보내고 싶어요. 수수료랑 환율이 어떻게 되나요? Migug-euro bonaego sipeoyo. Susuryorang hwan-yuri eotteoke doenayo? To the U.S. What are the fees and exchange rate?
👩🏫 Teacher’s Tips — save money, stay safe
Compare the total cost.
Don’t look at fees only—rate margins matter more.
수수료만 보지 말고 환율 차이까지 꼭 비교하세요.
Keep documents.
Save receipts and reasons (family, tuition) for checks.
영수증·송금 사유 서류를 보관하면 확인 요청에 대비돼요.
Names must match.
Use the receiver’s legal name as on the bank account.
수취인 계정 이름과 일치해야 지연이 없어요.
❓ FAQ
Do I need SWIFT/BIC?
Yes for most bank wires. Apps may ask bank code or IBAN instead.
은행 송금은 보통 SWIFT/BIC가 필요해요. 앱은 IBAN/은행코드를 요구할 수 있어요.
How long does it take?
Apps: minutes–1 day (corridor-dependent); banks: 1–3 business days.
앱은 몇 분~1일, 은행은 보통 1~3영업일 걸려요.
Can I send without ARC?
Many providers require ARC for KYC. Check app/bank policy.
다수 기관이 신원확인을 위해 ARC를 요구해요. 제공처 정책을 확인하세요.
👋 Practice with me: Learn bank-counter phrases + fee/rate questions. italki → teacher/7916559
We’ll rehearse your exact corridor and documents.
Keep learning:
This guide is for general information. Fees, limits, and FX rules change—confirm with your bank/app before sending.
