If you transfer from the banks, you should pay at least KRW 30,000~50,000 won more as fixed fees which are including domestic bank fee (remittance charge, cable charge) + intermediary bank fee (Approximately $10~30) + beneficiary bank fee (Receipt fee), and the fee is not including any of margin fee in a currency exchange.
Recently, there are some promotion on free remittance/cable charge from several internet banks, but it still takes a receipt fee from the recipients.
Utransfer sends an exact amount that our customers requested and never take any other extra fees except for the remittance charge.
| Commercial bank | Internet Bank | Utransfer |
|
Remittance charge, Cable charge, Intermediary bank fee, Receipt fee |
Remittance charge, Receipt fee |
Remittance charge |