Cheapest way to send money to South Korea - Fees and Charge Rates

Western Union
FCA Regualted: FCA Regulated
Margin Rate: 4%
100,000 gets you: 137,995,539 KRW
Skrill
FCA Regualted: Not FCA Regulated
Margin Rate: 6%
100,000 gets you: 135,120,632 KRW
PayPal
FCA Regualted: Not FCA Regulated
Margin Rate: 5%
100,000 gets you: 136,558,085 KRW
First Direct Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 136,558,085 KRW
Asda Money
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 136,558,085 KRW

Send money to South Korea from London

An ideal approach to transferring the money to S. Korea depends to some degree on your conditions.

Be that as it may, regardless of whether you have to transfer your benefits, move money to cover instalments on a property in South Korea or only send some money to loved ones, it merits doing a touch of research into your alternatives.

A standout amongst the most evident options is to utilize a bank to transferring money to the South Korea. You can call into your neighbourhood high road bank or call them, and they will have the capacity to set things up for you.

While this is a valuable method for getting things done on the off chance that you have to transferring money to a record with the famous Kookmin Bank or Shinhan Bank, for instance, you should hope to pay for the accommodation.

The South Korean won conversion scale won't be primarily focused, and you will in all likelihood be hit with pre-transfer charges each time you move money.

If you are making customary transfers to South Korea, these additional expenses will soon begin to eat into your funds.

Then again, you could utilize a Money Sending Bureau to transfer won to South Korea.

These are little foundations found on high lanes of real urban areas around the globe and were especially helpful if you have to transferring money to some individual in South Korea who can't get to a financial balance.

Shockingly, the pre-transfer expenses forced by these organizations can be extortionate, coming to as much as ten or even 15 for each penny of your exchange esteem.

A less difficult and less expensive option is to utilize Xendpay. You can spare both time and the money when just sending the money to the South Korea with us. You will profit from low commission, low transfer charges, high rates and a secure online administration which can be gotten to day in and day out.

Transfer from South Korea to UK

Selecting a Bank in South Korea’?
Most banks in South Korea offer similar services at almost similar prices. So keep in mind other factors like no limitation on the transfer amount, accessibility and location of the bank when you decide upon a bank to transfer money to South Korea. You have to mention the beneficiary’s name, account number and branch name to your bank so as to ensure a smooth currency transfer to South Korea. Few banks like the Korean Exchange bank have started online transfer and transfers using the bank machine. It is more economical to send larger amounts of money at a time since your bank as well as the Korean bank are bound to charge you. You can also send bank drafts drawn in favour of the beneficiary. But there are limitations on the amount and the speed of transferring money in this manner.

Convenience of Using travel Debit Card to South Korea’?
The advent of technology has introduced the prepaid debit card to send money to South Korea. The prepaid debit card always has money in it and can be used by your beneficiary in South Korea. But you must ensure that the card is useable, since foreign debit cards cannot be used in South Korea. These prepaid debit cards can be used at global ATMs which are generally located at subways, airports and convenience stores. Before you send the card, check whether the recipient is comfortable using the card.

Fast and Efficient currency transfer to South Korea’?
South Korea’s currency is referred to as Won. Another method of transferring the money is by way of money transfer organisations. It is advisable to wait for the best currency rate in South Korea to transfer the money which will work out to be economical for you.