Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

Citibank: South Korea - China

ID: 
1220182639
Firm: 
Citibank
Source: 
South Korea
Destination: 
China
Date: 
10/29/2018
Product: 
Bank account transfer
Sending locations: 
Bank branch,
Internet
Speed actual: 
Less than one hour
Inter LCU Bank FX Rate: 
0.00
Coverage Send: 
High
Transparent: 
yes

Vertical Tabs

Coverage and Pickup
Coverage: 
High
Other
Standard note: 
Service for members
Standard note 2: 
In this corridor all RSPs send KRW and pay out USD. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency. The negative total cost does not mean that the RSP is suffering a loss in the transaction, but rather that the RSP benefits from a more favorable exchange rate.