Remittance Prices Worldwide

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Sending money from SOUTH-KOREA to VIETNAM

Data collected on: Feb 17, 2025 - Feb 21, 2025
KRW | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
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.
Firm
Woori Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,500.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
2.14
Total cost (KRW)sort descending
5136.00
Firm
Woori Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,500.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
2.14
Total cost (KRW)sort descending
5136.00
Firm
Industrial Bank of Korea
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5,000.00
Exchange rate margin(%)
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
3.03
Total cost (KRW)sort descending
7272.00
Firm
Industrial Bank of Korea
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5,000.00
Exchange rate margin(%)
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
3.03
Total cost (KRW)sort descending
7272.00
Firm
Industrial Bank of Korea
Firm type: Bank
 
Payment instrument
Access point
ATM Network
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5,000.00
Exchange rate margin(%)
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
3.03
Total cost (KRW)sort descending
7272.00
Firm
Korea Post Office
Firm type: Post office
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5,000.00
Exchange rate margin(%)
1.00
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
3.08
Total cost (KRW)sort descending
7392.00
Firm
Shinhan Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5,000.00
Exchange rate margin(%)
1.06
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
3.14
Total cost (KRW)sort descending
7536.00
Firm
Kookmin Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.30
Total cost (KRW)sort descending
10320.00
Firm
Kookmin Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.30
Total cost (KRW)sort descending
10320.00
Firm
NH Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.41
Total cost (KRW)sort descending
10584.00
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.41
Total cost (KRW)sort descending
10584.00
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.41
Total cost (KRW)sort descending
10584.00
Firm
KEB Hana Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
4.41
Total cost (KRW)sort descending
10584.00
Firm
NH Bank
Firm type: Bank
 
Payment instrument
Access point
ATM Network
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
11,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
5.66
Total cost (KRW)sort descending
13584.00
Firm
Kookmin Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
0.97
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.39
Total cost (KRW)sort descending
15336.00
Firm
Industrial Bank of Korea
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.06
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.48
Total cost (KRW)sort descending
15552.00
Firm
NH Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.50
Total cost (KRW)sort descending
15600.00
Firm
KEB Hana Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.08
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.50
Total cost (KRW)sort descending
15600.00
Firm
Woori Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.52
Total cost (KRW)sort descending
15648.00
Firm
Woori Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.52
Total cost (KRW)sort descending
15648.00
Firm
Shinhan Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
13,000.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.52
Total cost (KRW)sort descending
15648.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
14,554.10
Exchange rate margin(%)
0.71
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.77
Total cost (KRW)sort descending
16248.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
14,554.10
Exchange rate margin(%)
0.71
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
6.77
Total cost (KRW)sort descending
16248.00
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
15,000.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
7.35
Total cost (KRW)sort descending
17640.00
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
15,000.00
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
7.35
Total cost (KRW)sort descending
17640.00
Firm
Industrial Bank of Korea via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
21,801.00
Exchange rate margin(%)
0.95
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
10.03
Total cost (KRW)sort descending
24072.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
21,718.50
Exchange rate margin(%)
1.05
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
Total cost (%)
10.10
Total cost (KRW)sort descending
24240.00
Total Average First Quarter 2025
5.38
Total Average Fourth Quarter 2024
5.36
Total Average
Fee
10,467.69
Exchange Rate Margin (%)
1.02
Total Cost Percent (%)
5.38
Total Cost (KRW)
12,914.67
Non-Transparent records
Bank account transfer Cash
2 days 3-5 days Less than one hour
Own/partner bank account Bank account Cash
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