How to Send Money from Korea to Other Countries

Sending money abroad from Korea is a common need for expatriates, international students, and foreign workers. This comprehensive guide breaks down your options for international money transfers from Korea. 🏦 Bank Transfer Options When using traditional Korean banks for international transfers: Available at major banks: KEB Hana, Woori, Shinhan, KB Kookmin, and NH Nonghyup Required documents: Your Alien Registration Card (ARC) or passport Process: Complete the international wire transfer form with recipient's bank details Fees: Depend on each bank Timeline: Usually takes 2-5 business days for funds to arrive 🚀 Digital Transfer Services Online services often offer better rates and faster processing: - SentBe: Popular with foreigners in Korea, lower fees than banks - GME: Specializes in Southeast Asian transfers - GmoneyTrans: Known for competitive USD and EUR rates - E9Pay: Designed specifically for foreign workers on E9 visas - Cross: Simple platform with good rates to multiple countries Mobile Payment Solutions Korean fintech apps provide convenient transfer options: Toss: A popular Korean fintech platform with competitive international transfer rates KakaoPay: Convenient option for those already using KakaoTalk 💡Tips for First-Time Senders - Compare the total cost including exchange rate margins, not just the transfer fee - Consider the recipient's preference for receiving funds - Check if your transfer might qualify for any first-time user promotions - Verify all recipient details carefully before confirming transfers Hope this helps you navigate international money transfers from Korea efficiently! 🇰🇷💖