Remittance Prices Worldwide

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Sending money from SOUTH KOREA to CHINA

Data collected on: Jul 26, 2017
KRW | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Citibank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
-0.82
-0.82
-0.82-0.82
-1,968.00-1.64
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.82
-0.82
-0.82-0.82
-1,968.00-1.64
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.46
0.46
0.460.46
1,104.000.92
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3,390.002.83
0.92
0.92
2.332.33
5,592.004.66
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.17
0.96
0.96
3.053.05
7,320.006.10
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.17
0.96
0.96
3.053.05
7,320.006.10
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.46
0.46
3.793.79
9,096.007.58
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
8,000.006.67
0.59
0.59
3.933.93
9,432.007.86
Industrial Bank of Korea
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.59
0.59
3.933.93
9,432.007.86
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.92
0.92
4.254.25
10,200.008.50
Korea Post Office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
High
8,000.006.67
0.96
0.96
4.304.30
10,320.008.60
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.75
0.46
0.46
4.834.83
11,592.009.66
Industrial Bank of Korea
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10,000.008.33
0.93
0.93
5.105.10
12,240.0010.20
Korea Post Office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
High
10,000.008.33
0.96
0.96
5.135.13
12,312.0010.26
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,174.008.48
0.95
0.95
5.195.19
12,456.0010.38
KEB Hana Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.44
0.44
5.855.85
14,040.0011.70
Shinhan Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.93
0.93
6.356.35
15,240.0012.70
Industrial Bank of Korea
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.93
0.93
6.356.35
15,240.0012.70
ICBC Korea
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
15,000.0012.50
0.93
0.93
7.187.18
17,232.0014.36
ICBC Korea
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
15,000.0012.50
0.93
0.93
7.187.18
17,232.0014.36
Citibank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
15,000.0012.50
0.96
0.96
7.217.21
17,304.0014.42
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.17
0.91
0.91
7.997.99
19,176.0015.98
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.17
0.91
0.91
7.997.99
19,176.0015.98
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
16,959.0014.13
0.96
0.96
8.038.03
19,272.0016.06
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.67
0.91
0.91
9.249.24
22,176.0018.48
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.67
0.91
0.91
9.249.24
22,176.0018.48
Total Average Third Quarter
5.015.01
Total Average Second Quarter
5.395.39
Total Average
Fee
10,347.048.62
Exchange Rate Margin (%)
0.700.70
Total Cost Percent (%)
5.015.01
Total Cost (KRW) Total Cost (USD)
12,028.6210.02
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Bank account (same/partner bank) Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Citibank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
-0.82
-0.82
-0.82-0.82
-4,879.00-4.10
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.82
-0.82
-0.82-0.82
-4,879.00-4.10
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.46
0.46
0.460.46
2,737.002.30
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.46
0.46
1.801.80
10,710.009.00
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.20
0.96
0.96
1.801.80
10,710.009.00
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.20
0.96
0.96
1.801.80
10,710.009.00
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,651.004.75
0.92
0.92
1.871.87
11,126.509.35
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
8,000.006.72
0.59
0.59
1.941.94
11,543.009.70
Industrial Bank of Korea
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.59
0.59
1.941.94
11,543.009.70
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.82
0.46
0.46
2.222.22
13,209.0011.10
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.92
0.92
2.262.26
13,447.0011.30
Korea Post Office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
High
8,000.006.72
0.96
0.96
2.312.31
13,744.5011.55
Industrial Bank of Korea
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10,000.008.40
0.93
0.93
2.612.61
15,529.5013.05
KEB Hana Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.44
0.44
2.622.62
15,589.0013.10
Korea Post Office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
High
10,000.008.40
0.96
0.96
2.642.64
15,708.0013.20
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,174.008.55
0.95
0.95
2.662.66
15,827.0013.30
Shinhan Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.93
0.93
3.113.11
18,504.5015.55
Industrial Bank of Korea
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.93
0.93
3.113.11
18,504.5015.55
ICBC Korea
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
15,000.0012.61
0.93
0.93
3.453.45
20,527.5017.25
ICBC Korea
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
15,000.0012.61
0.93
0.93
3.453.45
20,527.5017.25
Citibank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
15,000.0012.61
0.96
0.96
3.483.48
20,706.0017.40
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.29
0.91
0.91
3.763.76
22,372.0018.80
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.29
0.91
0.91
3.763.76
22,372.0018.80
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.81
0.91
0.91
4.274.27
25,406.5021.35
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.81
0.91
0.91
4.274.27
25,406.5021.35
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
29,396.0024.70
0.96
0.96
5.905.90
35,105.0029.50
Total Average Third Quarter
2.532.53
Total Average Second Quarter
2.912.91
Total Average
Fee
10,912.359.17
Exchange Rate Margin (%)
0.700.70
Total Cost Percent (%)
2.532.53
Total Cost (KRW) Total Cost (USD)
15,069.5212.66
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Bank account (same/partner bank) Cash
Least Costly Corridors From South Korea