Send money to
Korea Development Bank Account

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Estimated delivery time

Fast and secure

Why choose Korea Development Bank?

The Korea Development Bank (or KDB) is a policy bank based in Seoul that is entirely controlled by the government. It employs approximately 3,500 people and has a network of 77 domestic and 9 international branches, five foreign subsidiaries, and eight representative offices to provide a diverse variety of products and services. Since its inception in 1954, KDB has focused mostly on corporate banking. KDB has supplied enormous sums of industrial capital to the country's economy over the last six decades through typical banking services such as investments, loans, and guarantees. The firm now has total assets of KRW 219.1 trillion (US$181 billion) and loans of KRW 137.7 trillion.

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. You may immediately access a private and secure Remitbee wallet.

Receipent's Details

After that, you'll be asked for your full name, address, and occupation. Then, your email address and phone number will be confirmed.

Receipent's account

Enter the beneficiary's bank data, including the bank's name and account number.

Check the exchange rate

Check out the CAD/KRW currency exchange rate. Enter the amount you wish to send, choose a payment method, and finish your transaction. While exchange rates fluctuate on a daily basis, the costs associated with each form of payment remain the same.

Track Your Transfer Progress with Remitbee App

You’re all done! Simply keep an eye on your transfer in the Remitbee app to see the status while you wait for it to arrive in South Korea.

be a hero

For assisting your family in South Korea with your money transfer, you deserve a hero's welcome. It’s precisely why we’re here for you.

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: To minimize delays, double-check that the name matches the name on the bank statements.
Bank Name: Choose Korea Development Bank from the list
Account Number: This guarantees that it is delivered to the correct account of your intended recipient.

How Remitbee calculates the CAD to KRW exchange rate

We aim to keep our expenses as low as possible and review pricing on a regular basis in order to provide the most competitive KRW exchange rates. If you pay via bill payment, interac, or debit card, you will be charged a fee, but you may transfer money for free using Remitbee Wallet. You may double-check the fees you'll be charged before sending a transfer.

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

Safe & Secure

Remitbee offers a 100% money-back guarantee and is safe - much safer than sending money offline!

Fast

We are quick. Remitbee will send your money to you as quickly as possible, free of charge.

Convenience

Send money wherever you want, whenever you want. You can do it from the comfort of your own home.

Instant Access

As soon as the transfer is completed, your funds are accessible.

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 KDB account using Remitbee?

Yes, you can!

How can I pay for my money transfer to KDB?

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 KDB money transfers to South Korea?

The transfers can be completed within 1 business day.

What is the maximum amount I can send to a KDB account?

Once your ID is validated on our system, you can send up to CAD 9,000 each day, with a maximum of 50,000 CAD per year.

How much does Remitbee charge to send money to Korea Development Bank accounts?

Any transfer of at least 500 CAD and above is completely free. When sending less than $500 CAD, the transaction fees are listed 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 KDB account from Canada in CAD?

The maximum amount you may transfer is determined by the degree of verification. The levels that follow are as follows:

You could send up to 500 CAD per month or 50 CAD per day with Verification Level 1.
You can send up to CAD 3,000 per day and CAD 25,000 per month with Level 2 verification.
You can send up to CAD 9,000 per day and CAD 50,000 per month with Verification Level 3.
We're also working on Level 4 verification to provide our clients even more sending limits. Keep in mind that verification is a one-time process. There is no need to supply any more papers after you have been verified.

Send money to Korea Development Bank Account