About Remittance

Main Services

• 01. Avaliable for application 24 hours a day.
  • Customers can go online to remit funds overseas anytime, regardless of regular banking hours.
    (However, remittance requests made outside of regular business hours(09:00~16:00) on weekdays, or on Sat/Sun and public holidays, will be processed and sent on the next business day. The deposit may be delayed depending on the circumstances of the receiving bank.)
• 02. No remittance fees, regardless of amount sent
  • Customers who transfer funds overseas via the internet are not charged remittance fee.
    (Swift fee, Intermediary bank fee and Receiving fee excluded)
  • Receiving bank can charge additional fees (Receiving bank fee)
• 03. Purposes of Remittance
  • Remittance not requiring documentation.
    • You can transfer up to USD 100,000 a year without submitting any supporting documents for gift, trade payment and other capital transaction.
  • Remittance to a person studying abroad
    • You can make remittance to a student overseas by designating the student at a branch
  • Remittance to an overseas sojourner
    • If the purpose of a remittance is to support business, government or technology training or overseas training scheduled for less than 6 months, you can remit funds to a overseas sojourner by designating the transaction at a branch.
  • Remittance of income earned in Korea by foreigners/non-residents
    • For foreign or non-resident customers, you can remit your income or wage earned in Korea from the branch you’ve designated.
  • In the case of online remittance of income by foreigners/non-residents, transfer limit per transaction is USD 50,000.
    (When the funds are debited from an FCY account, transfer limit per transaction is USD 10,000.)
• 04. Preferential rate of 50%, regardless of amount sent.
  • If you use internet banking, the preferential rate of 50% will apply regardless of the amount sent.
    • Intermediary Bank fee : When transaction occurs, the applicant can decide if the applicant or beneficiary pays the fee.
      (If the applicant decides that he/she will pay the fee, it will be charged when the transaction occurs.)
    • Receiving bank can charge additional fees (Receiving bank fee.) Go to Remittance