How to Send Money from Korea to the US (2025 Guide)
Sending money from South Korea to the United States has become easier than ever, thanks to digital banking and international remittance apps. Whether you're an expat, international student, or business owner, this guide explains the best methods to transfer money from Korea to the US quickly and safely.
🏦 1. Bank Wire Transfer (SWIFT)
Most Korean banks like KEB Hana, Shinhan, Woori, and KB Kookmin offer international wire transfers via the SWIFT system.
- How it works: Visit a branch or use online banking to send USD to a US bank account.
- Processing time: 1–3 business days.
- Fees: ₩20,000–₩50,000 per transfer + possible receiving fees from US banks.
- What you need:
- Recipient’s full name and address
- Bank name and address
- SWIFT/BIC code
- Account number (or IBAN)
- Purpose of remittance (e.g., tuition, living expenses)
✅ Best for: Larger amounts or official transfers (like tuition).
📱 2. Mobile Remittance Apps
Several apps allow quick and cheaper transfers compared to traditional banks.
✅ Wise (formerly TransferWise)
- Transparent exchange rates
- Low fees
- Bank-to-bank or card transfers
✅ SentBe
- Popular in Korea
- Transfers to over 50 countries
- Lower fees and faster than banks
✅ Western Union App
- Can send to bank accounts or for cash pickup
- Global network, but higher fees
📱 Most apps require:
- Korean ID or Alien Registration Card (ARC)
- Korean bank account
- Recipient bank info (US)
✅ Best for: Frequent or small transfers
💻 3. Online Exchange Platforms (e.g., Remitly, WireBarley)
Platforms like Remitly or WireBarley are optimized for cross-border payments.
- Competitive rates and speed options
- Often provide first-time user discounts
- Can send money via website or mobile app
💰 Transfer Fees & Exchange Rates
| Bank Transfer | ₩20,000–₩50,000 | 1–3 business days |
| Wise / SentBe | ₩5,000–₩15,000 | 1–2 days |
| Remitly / WireBarley | ₩5,000–₩10,000 | Instant–2 days |
⚠️ Note: Always compare exchange rates before sending. Some services have hidden markups.
📝 Review
1. Brian (25, Student in Seoul)
“I use Wise to send money to my US account to pay my student loans. It’s way cheaper than going to the bank and arrives within a day.”
2. Jenny (32, English Teacher)
“I prefer SentBe because it’s made for expats in Korea. Super easy to use, and their rates are better than my bank.”
3. Mark (40, Business Owner)
“For large amounts like paying suppliers, I stick to wire transfers through Hana Bank. It’s more secure for big transactions.”
🧾 Final Tips
- Bring your passport or ARC for in-person transfers.
- Double-check the recipient info to avoid delays.
- Register for real-name verification in apps if needed.
- Consider using apps like Wise or SentBe for better rates and convenience.