Best Money Transfer Services in South Korea (August 2026)
Compare leading money transfer services for sending money from South Korea. Find the provider with the best exchange rate and lowest fees for your corridor.
There are 3 money transfer services available in South Korea.
Last updated August 2026
est. 2011
Money for here, there and everywhere.
Available in
South Korea and 176 other countriesAvailable for
est. 2015
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Which money transfer services are best for individuals in South Korea?
Money transfer services in South Korea let individuals send money abroad faster and cheaper than a traditional bank. With better exchange rates and lower fees, they are ideal for supporting family overseas, paying for travel, or moving money between your own accounts from South Korea.
- Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
- WorldRemit – Fast, flexible and secure international money transfers across the world. Save time and money when you send money internationally with WorldRemit.
- Western Union – Transfer money conveniently with Western Union. Begin your international money transfer online, on the app or pay in person, to receivers around the world.
- OFX – Make fast and secure international money transfers with OFX (formerly UKForex). Register today and save with better exchange rates than the big banks.
- Panda Remit – Transfer money worldwide with low-cost fees and better exchange rates than traditional banks. Receive funds at over 500 banks.
Which money transfer services are best for businesses in South Korea?
Business money transfer services in South Korea help companies pay suppliers, contractors, and staff abroad with competitive rates and low fees. Features often include multi-currency accounts, batch payments, and API access, making cross-border payments simpler for businesses in South Korea.
- Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
- OFX – Make fast and secure international money transfers with OFX (formerly UKForex). Register today and save with better exchange rates than the big banks.
- Airwallex – Grow your business faster with Airwallex - global business accounts, high speed transfers, multi-currency cards, online payments, embedded finance, and more.
Frequently asked questions about money transfers
Everything you need to know about sending money abroad — the essentials, answered.
What is a money transfer service?
A money transfer service lets you send money internationally, usually faster and cheaper than a traditional bank, through an app or website.
How do money transfer services make money?
Mainly through a margin on the exchange rate and a transfer fee. The cheapest providers keep both low.
How long does an international transfer take?
Anywhere from minutes to a few business days, depending on the provider, corridor, and payment method.
Are online money transfers safe?
Licensed providers are regulated and use encryption and identity checks to protect your money and data.
How do I get the best exchange rate?
Compare the total cost (exchange rate plus fees) across providers for your specific amount and corridor, rather than the headline rate alone.
Can businesses use money transfer services?
Yes. Many providers offer business accounts with multi-currency balances, batch payments, and API access.
What do I need to send money abroad?
Typically the recipient's account details, a valid ID for verification, and a funding method such as a card or bank transfer.
Why is a transfer service cheaper than my bank?
Specialist providers use the mid-market rate with transparent fees, while banks often add a hidden margin to the exchange rate.