The legacy banking system went through several transit banks until funds reached the receiving bank, which took a long time to transfer money and caused high commission fees. Thus, Utransfer eliminates such existing unnecessary procedures and fees, also sending more foreign currency even in the same Korean Won.
On the top of that, it is another advantage that all remittance processes have been done in 'Untact' basis.
See the fee comparison Utransfer vs. Bank
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