Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From krKR you can also send money to

Sending money from SOUTH-KOREA to CHINA

Data collected on: Feb 17, 2025 - Feb 21, 2025
KRW | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (KRW)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Industrial Bank of Korea
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
5,000.00
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.03
7272.00
Korea Post Office
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
5,000.00
1.00
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.08
7392.00
Shinhan Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
5,000.00
1.06
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.14
7536.00
KEB Hana Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
5,000.00
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
3.16
7584.00
Kookmin Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
8,000.00
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
4.30
10320.00
Kookmin Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
8,000.00
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
4.30
10320.00
Citibank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
8,000.00
1.02
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
4.35
10440.00
Citibank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
8,000.00
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
4.41
10584.00
Korea Post Office
Firm type: Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High 
Receiving method
Agent
High 
10,000.00
1.00
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
5.17
12408.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
13,098.69
0.70
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.16
14784.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
13,095.09
0.73
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.19
14856.00
Kookmin Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
13,000.00
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.39
15336.00
Woori Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
Low 
13,000.00
1.00
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
6.42
15408.00
Industrial Bank of Korea
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
13,000.00
1.06
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.48
15552.00
KEB Hana Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
13,000.00
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.50
15600.00
Shinhan Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
13,000.00
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
6.52
15648.00
Citibank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
15,000.00
1.02
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
7.27
17448.00
Citibank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
15,000.00
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
7.35
17640.00
ICBC Korea
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Receiving method
Agent
High 
16,000.00
0.71
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
7.38
17712.00
ICBC Korea
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Receiving method
Agent
High 
16,000.00
0.71
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
7.38
17712.00
Industrial Bank of Korea via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
High 
21,801.00
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
10.03
24072.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Receiving method
Agent
High 
21,718.50
1.17
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
10.22
24528.00
Total Average First Quarter 2025
5.87
Total Average Fourth Quarter 2024
5.90
Total Average
Fee
11,759.69
Exchange Rate Margin (%)
0.97
Total Cost Percent (%)
5.87
Total Cost (KRW)
14,097.82
Non-Transparent records
Bank account transfer Cash
2 days 3-5 days Less than one hour
Bank account Own/partner bank account Cash