Send money to
Industrial Bank of Korea Account
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Estimated delivery time
Fast and secure
Why choose Industrial Bank of Korea?
The Industrial Bank of Korea (IBK) was formed in 1961 by the Government of Korea under the Industrial Bank of Korea Act to provide development finance and related banking services to small and medium-sized firms in Korea. According to the IBK Act, IBK is the only financial institution in Korea authorized to borrow Korean government funds for the benefit of small and medium-sized businesses and to issue Small and Medium Industry Finance Bonds (the SMIF Bonds). IBK has a countrywide branch network of over 690 locations through which it offers complete SMEs banking services. IBK also has international branches and subsidiaries to assist small and medium-sized businesses operating in other countries.
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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 gives you access to a private and secure Remitbee wallet.
Receipent's Details
You will next be prompted to give personal information such as your complete name, address, and occupation. Next, you will be asked to confirm your email address and phone number.
Receipent's account
Provide the recipient's bank details, including bank name and account number.
Check the exchange rate
Look at the CAD/KRW exchange rate. If the CAD to KRW conversion rate is favorable to you, input the amount to be transferred, select a payment method, and confirm your transfer. The exchange rates fluctuate on a daily basis, but the charges for each payment method remain constant.
Track Your Transfer Progress with Remitbee App
You have completed your task! Simply keep an eye on the transfer status on your Remitbee app and wait for them to arrive in South Korea.
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Your actions deserve a hero's service. For the person who provides everything else, only the best money transfer service would suffice.
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 entire name of the recipient. To avoid delays, make sure your name is exactly as it appears on your bank statements.- Bank Name: In this scenario, choose Industrial Bank of Korea from the drop-down selection.
- Account Number: This ensures that it is delivered to the account of your receiver.
How Remitbee calculates the CAD to KRW exchange rate
We try to keep our fees as low as possible and evaluate prices on a daily basis in order to deliver the most affordable KRW exchange rates on the market. When you pay with bill, 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 fees that will be charged to you before sending a transfer.
What are the benefits of sending
directly to Industrial Bank of Korea?
Safe & Secure
Safer than sending offline
Fast
Feel the qucik transfer
Convenience
Accomplish it from the comfort of your own home
Instant Access
As soon as the transfer is completed, your cash will be available
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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 an IBK account using Remitbee?
Definitely!
How can I pay for my money transfer to IBK?
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 IBK account money transfers to South Korea?
The transfers can be completed within 1 business day.
What is the maximum amount I can send to an IBK account?
If you use our platform to verify your identity, you can transmit up to 9,000 CAD every day, with a monthly limit of 50,000 CAD.
How much does Remitbee charge to send money to South Korean bank accounts?
Any transfer of more than 500 CAD is completely free. Fees for transfers of less than 500 CAD are indicated 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 an IBK account from Canada in CAD?
The degree of verification determines the maximum amount of money you can transfer in CAD. 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.
You can send up to 3,000 CAD per day and 25,000 CAD per month with Verification Level 2.
You can transmit up to 9,000 CAD per day and 50,000 CAD per month with Verification Level 3.
In addition, we are working on Verification Level 4 to provide our customers with even additional sending limits. Remember that verification is a one-time procedure. Once you've been verified, there's no need to provide any other proof.