Send money to
Bank of Korea Account

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Estimated delivery time

Fast and secure

Why choose Bank of Korea?

The Bank of Korea is the central bank of the Republic of Korea and the issuer of South Korean won. It was founded on June 12, 1950, in Seoul, South Korea. In the Republic of Korea, the Bank of Korea has sole authority to issue banknotes and coins. The Monetary Policy Committee, with Government permission, decides on their dimensions, designs, and denominations. The banknotes and coins thus issued have the status of legal tender within the country for all transactions, both public and private, without limitation.

Don’t just take our words for it

We have thousands of happy Remitbee users to back it up

Soo-mi

I've been using this service for sending funds to South Korea, and it's been consistently reliable and efficient. Highly recommended

Ji-eun

Effortless transactions and great customer support make sending money to Slovenia a pleasure with this service.

Min-jun

I've tried various services, but this one has the best rates and ease of use for sending money to South Korea. Impressive!

Easy with Remitbee

How to Send Money to South Korea

Set up a free Remitbee account

Create a free Remitbee account. The process is simple, and you'll have immediate access to a private and secure Remitbee wallet.

Receipent's Details

You will next be prompted to submit personal information such as your complete name, address, and occupation. You will then be asked to confirm your email address and phone number.

Receipent's account

Enter the recipient's bank information, such as bank name and account number.

Check the exchange rate

Check the CAD/KRW currency conversion rate. If the CAD/KRW conversion rate is favorable to you, enter the amount to be sent, select a payment method, and complete your transaction. Although exchange rates fluctuate on a daily basis, the costs for each payment method stay constant.

Track Your Transfer Progress with Remitbee App

You've completed your task! Simply keep an eye on the transfer status in your Remitbee app and wait for them to arrive in South Korea.

be a hero

Be a Superhero! Anyone who sends money to South Korea to help their family is a hero. Our job is to help provide a service worthy of a hero.

Send to all major banks in South Korea

What information you’ll need to complete the transfer

Wire Transfer to Bank account

Recipient's full name: The full name of the recipient. To avoid delays, make sure the name is exactly as it appears on the bank statements.
Bank Name: In this scenario, select Bank of Korea from the drop-down selection
Account Number: This ensures that it is delivered to your intended recipient's account

How Remitbee calculates the CAD to KRW exchange rate

We attempt to keep our costs as low as possible and regularly check prices in order to deliver the most affordable KRW exchange rates available. If you pay by bill payment, interac, or debit card, you will be charged a little fee, but you can send money for free with Remitbee Wallet. You can always double-check the expenses that will be charged to you before sending a transfer.

What are the benefits of sending
directly to Bank of Korea?

Safe & Secure

When opposed to sending online, sending offline may entail some various hazards

Fast

Feel the qucik transfer

Convenience

It is possible to accomplish it from the comfort of your own home

Instant Access

Your funds will be available as soon as the transfer is finished

Check Out Our Refer and Earn Program!

Explore RemitBee's enticing referral program and access rewarding benefits! Earn a generous $20 reward for each successful referral, and treat your friends to an impressive $10 reward when they make their first transaction using your exclusive code. To qualify, your friend simply needs to send a minimum of C$200 or exchange at least C$1,000. With boundless referral possibilities, kickstart your earnings journey with RemitBee today!

Best way to send money from Canada on the go

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.

Frequently Asked Questions

Can I send money to a Bank of Korea account using Remitbee?

Yes, you can!

How can I pay for my money transfer to the Bank of Korea?

Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit are your options.

What delivery methods are available for the Bank of Ko money transfers to South Korea?

The transfers can be completed within 1 business day.

What is the maximum amount I can send to a Bank of Korea account?

You can send up to 9,000 CAD every day, with a yearly cap of 50,000 CAD, as long as you use our platform to authenticate your identification.

How much does Remitbee charge to send money to South Korean bank accounts?

Any transfer of 500 CAD or more is completely free of charge. Fees for transactions of less than $500 CAD are given below.

Interac Online - $2.99
e-Transfer, bill payment, and ETF - Free
Visa or Mastercard Debit - starts at $2.99

What is the maximum amount you can transfer to a Bank of Korea account from Canada in CAD?

The quantity of money you can send is regulated by the level of verification. The levels are broken down as follows:

You can send up to 500 CAD per month or 50 CAD per day with Verification Level 1.
Verification Level 2 allows you to send up to 3,000 CAD per day and 25,000 CAD per month.
You can transmit up to 9,000 CAD per day and 50,000 CAD per month with Verification Level 3.
We are also working on Verification Level 4, which will provide our clients even more sending restrictions. Remember that verification is a one-time process. After you've been validated, there's no need to provide any other documents.

Send money to Bank of Korea Account