Remittance Prices Worldwide

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Sending money from SOUTH KOREA to CHINA

Data collected on: Feb 06, 2019
KRW | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.47
0.47
0.470.47
1,128.000.94
Kookmin Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,000.000.83
0.95
0.95
1.371.37
3,288.002.74
Citibank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.22
2.22
2.222.22
5,328.004.44
Kookmin Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
5,000.004.17
0.47
0.47
2.552.55
6,120.005.10
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.17
0.94
0.94
3.023.02
7,248.006.04
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.44
0.44
3.773.77
9,048.007.54
Kookmin Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.66
0.66
3.993.99
9,576.007.98
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.67
0.68
0.68
4.024.02
9,648.008.04
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
8,000.006.67
1.39
1.39
4.724.72
11,328.009.44
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.75
0.47
0.47
4.854.85
11,640.009.70
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
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,164.008.47
0.86
0.86
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
0.94
0.94
5.115.11
12,264.0010.22
Industrial Bank of Korea
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.75
1.39
1.39
5.765.76
13,824.0011.52
KEB Hana Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.92
0.92
6.336.33
15,192.0012.66
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
Shinhan Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.94
0.94
6.366.36
15,264.0012.72
Kookmin Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.83
0.95
0.95
6.376.37
15,288.0012.74
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
13,000.0010.83
1.39
1.39
6.806.80
16,320.0013.60
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
1.28
1.28
7.537.53
18,072.0015.06
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.17
0.92
0.92
8.008.00
19,200.0016.00
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.17
0.92
0.92
8.008.00
19,200.0016.00
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
16,955.0014.13
0.95
0.95
8.028.02
19,248.0016.04
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.67
0.94
0.94
9.279.27
22,248.0018.54
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.67
0.94
0.94
9.279.27
22,248.0018.54
Total Average First Quarter
5.515.51
Total Average Fourth Quarter 2018
5.825.82
Total Average
Fee
10,930.339.11
Exchange Rate Margin (%)
0.950.95
Total Cost Percent (%)
5.515.51
Total Cost (KRW) Total Cost (USD)
13,218.6711.02
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.47
0.47
0.470.47
2,796.502.35
Kookmin Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,000.000.84
0.95
0.95
1.121.12
6,664.005.60
Kookmin Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
5,000.004.20
0.47
0.47
1.311.31
7,794.506.55
Korea Post Office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5,000.004.20
0.94
0.94
1.781.78
10,591.008.90
KEB Hana Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.44
0.44
1.781.78
10,591.008.90
Kookmin Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.66
0.66
2.012.01
11,959.5010.05
Citibank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8,000.006.72
0.68
0.68
2.032.03
12,078.5010.15
Citibank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.22
2.22
2.222.22
13,209.0011.10
Shinhan Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.82
0.47
0.47
2.232.23
13,268.5011.15
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,164.008.54
0.86
0.86
2.572.57
15,291.5012.85
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
Korea Post Office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
High
10,000.008.40
0.94
0.94
2.622.62
15,589.0013.10
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
8,000.006.72
1.39
1.39
2.732.73
16,243.5013.65
KEB Hana Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.92
0.92
3.103.10
18,445.0015.50
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
Shinhan Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.94
0.94
3.133.13
18,623.5015.65
Kookmin Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
13,000.0010.92
0.95
0.95
3.143.14
18,683.0015.70
Industrial Bank of Korea
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10,500.008.82
1.39
1.39
3.153.15
18,742.5015.75
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
Industrial Bank of Korea
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
13,000.0010.92
1.39
1.39
3.573.57
21,241.5017.85
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.29
0.92
0.92
3.783.78
22,491.0018.90
China Construction Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
17,000.0014.29
0.92
0.92
3.783.78
22,491.0018.90
Citibank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
15,000.0012.61
1.28
1.28
3.803.80
22,610.0019.00
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.81
0.94
0.94
4.304.30
25,585.0021.50
Bank of Communications
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
20,000.0016.81
0.94
0.94
4.304.30
25,585.0021.50
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
29,388.0024.70
0.95
0.95
5.895.89
35,045.5029.45
Total Average First Quarter
2.872.87
Total Average Fourth Quarter 2018
2.972.97
Total Average
Fee
11,390.819.57
Exchange Rate Margin (%)
0.950.95
Total Cost Percent (%)
2.872.87
Total Cost (KRW) Total Cost (USD)
17,063.2814.34
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Least Costly Corridors From South Korea