Best companies for AUD/KRW transfers
3 of 3 providers Last updated on 28 October 2026
Based on 2,000 AUD transfer Best companies for AUD/KRW transfers Sort Cheapest
Ad Wise Pay via Bank Transfer	Fees: $14.15 1 AUD = 940.6390 KRW +0.01% vs mid-market	Recipient gets ₩1,867,968.00 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $14.151 AUD = 940.6390 KRW ₩1,867,968.00You pay$2,000.00
Run a live search Showing top Australia to South Korea deals for 2,000 AUD. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live AUD to KRW rates.
Run a live search These companies offer multi-currency accounts for spending KRW. We suggest doing a live search based on how much AUD you're planning to spend in South Korea.
Run a live search These are managed services with real human support for large AUD transfers. Click the link and update the transfer amount to get the best deal.
OFX Pay via Bank Transfer	Fees: $0.00 1 AUD = 934.6213 KRW +0.65% vs mid-market	Recipient gets ₩1,869,242.52 6-12 Hours
7 reviews Cheapest Receive to bank account
Ways to receive money in South Korea with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 934.6213 KRW ₩1,869,242.52You pay$2,000.00
Wise Pay via Bank Transfer	Fees: $14.15 1 AUD = 940.6390 KRW +0.01% vs mid-market	Recipient gets ₩1,867,968.00 Within minutes
25 reviews FastestRecommended Receive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $14.151 AUD = 940.6390 KRW ₩1,867,968.00You pay$2,000.00

Wise Pay via Osko	Fees: $14.15 1 AUD = 940.6390 KRW +0.01% vs mid-market	Recipient gets ₩1,867,968.00 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by osko. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $14.151 AUD = 940.6390 KRW ₩1,867,968.00You pay$2,000.00
Wise Pay via Debit Card	Fees: $19.66 1 AUD = 940.6390 KRW +0.01% vs mid-market	Recipient gets ₩1,862,785.00 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $19.661 AUD = 940.6390 KRW ₩1,862,785.00You pay$2,000.00
Wise Pay via Credit Card	Fees: $33.12 1 AUD = 940.6390 KRW +0.01% vs mid-market	Recipient gets ₩1,850,124.00 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in South Korea with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $33.121 AUD = 940.6390 KRW ₩1,850,124.00You pay$2,000.00
Western Union Pay via Debit Card	Fees: $0.00 1 AUD = 877.8394 KRW +6.92% vs mid-market	Recipient gets ₩1,755,679.00 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in South Korea with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 AUD = 877.8394 KRW ₩1,755,679.00You pay$2,000.00

Western Union Pay via Bank Transfer	Fees: $0.00 1 AUD = 877.8394 KRW +6.92% vs mid-market	Recipient gets ₩1,755,679.00 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in South Korea with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 AUD = 877.8394 KRW ₩1,755,679.00You pay$2,000.00
How Our Results Work Mid-market rate: 1 AUD = 940.7360 KRW Updates every 60 minutes.

Why compare

AUD/KRW exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Australia to South Korea

Pick a company

Start with the cheapest, which is OFX at 1,869,242.52 KRW on A$2,000.

OFX was the cheapest on 5 of the 29 days it quoted A$2,000 transfers to South Korea.

Funding is quick whoever you pick, so the choice comes down to the rate and how your recipient collects it.

Fund your transfer

You have 4 ways to pay, including bank transfer, debit card, osko, and credit card.

PayID and Osko move money to the company in seconds at no cost, and PayID shows you the account name before you confirm.

Watch your bank's daily limit on anything large.

Verify and send

First time round you'll need a photo ID, usually a licence or a passport.

A passport and visa are enough if you’re new (you don’t need an Australian credit history).

Compare amounts

How much AUD are you sending to South Korea?

How much AUD you send to South Korea heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows OFX was the cheapest in 11% of the transfers up to A$2,000 it quoted, and in 9% of all the transfers it quoted.


$1,000	0.03%	$0.00	₩940,110.00with bank transfer to bank deposit	+₩18,214.74
$1,500	0.03%	$0.00	₩1,410,165.00with payid to bank deposit	+₩23,589.98
$2,000This page	0.65%	$0.00	₩1,869,242.52with bank transfer to bank deposit	+₩36,464.59
$3,000	0.65%	$0.00	₩2,803,668.03with bank transfer to bank deposit	+₩167.52
$7,500	0.50%	$0.00	₩7,023,396.58with bank transfer to bank deposit	+₩69,782.70
$12,000	0.27%	$0.00	₩11,258,856.47with bank transfer to bank deposit	+₩126,664.59
$15,000	0.27%	$0.00	₩14,073,472.93with bank transfer to bank deposit	+₩159,462.57
$50,000	0.25%	$0.00	₩46,902,034.39with bank transfer to bank deposit	+₩548,171.04
$100,000	0.25%	$0.00	₩93,880,577.43with bank transfer to bank deposit	+₩1,216,329.91
$250,000	0.20%	$0.00	₩234,819,088.41with bank transfer to bank deposit	+₩3,142,745.63
$500,000	0.20%	$0.00	₩469,277,722.18with bank transfer to bank deposit	+₩4,373,348.77

Mid-market rate: 1 AUD = 940.7360 KRW

AUD/KRW Exchange Rate History

Is today a good time to send money from Australia to South Korea?

The cheapest way to send AUD to KRW can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's OFX), across 30 days of comparisons for 2,000 AUD transfers to South Korea.

Each line shows what the recipient gets when you send $2,000, after fees, as quoted by each company. The mid-market line shows what $2,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more KRW per AUD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 17 of the last 30 days.

Right now, OFX pays 1,869,242.52 KRW on 2,000 AUD, which is 12,229.56 KRW less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 1,915,952.48 KRW.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Ways to send money from Australia to South Korea

3 money transfer companies let you send money from Australia to South Korea.

Cheapest for most transfers

Online transfers

Sending money online with a “self-service” provider is usually the cheapest way to send money to South Korea.

For example, sending A$2,000 with Wise will get you 1,867,968 KRW after a A$14.15 fee and 0.01% markup.

In our comparisons over the past month, it was the cheapest online service on 11 of the 30 days it quoted.

To speed up the transfer, use PayID or bank transfer, this will ensure your money is withdrawn instantly from your AU bank account.

Plus, PayID shows the registered payee name, which gives you an extra check against the details you entered.

For regular transfers home

Money transfer apps

An app suits the transfer you make over and over to the same recipient, similar amount, every payday or so.

Wise takes A$14.15 in fees and 0.01% markup on a A$2,000 transfer, and your KRW arrives in within minutes.

Over the past month, Wise was the cheapest app on 23% of the days it appeared for A$2,000 transfers.

Signing up is quick even if you're new to Australia.

A passport and visa are enough for most money transfer apps, and no local credit history is needed.

For large AUD transfers

Currency brokers

Money transfer brokers are best for large transfers, like buying property, moving abroad, or paying student fees.

On transfers of $10,000 or more, a broker like OFX drops the fee entirely and works on margin instead.

With OFX you get 0.65% on AUD/KRW, and it gets lower the more you send.

You also get an account manager for the whole thing.

Our analysis shows OFX was the cheapest broker in 41% of all the transfers it quoted.

For overseas business payments

Business accounts

Global accounts like Airwallex are great for paying suppliers, contractors or staff in KRW, handling invoices, batch payments, and more.

For receiving and spending

Multi-currency accounts

Multi-currency accounts let you hold AUD and KRW in one account, and convert when the rate suits you.

Wise converts A$2,000 at 0.01% markup, and the KRW sits in your account until you spend or transfer it.

Over the past month, it came out cheapest among multi-currency accounts on 43% of days.

Most useful if you travel often to South Korea, split your life between two countries, or receive money from abroad.

We also created a guide going into more detail about multi currency accounts.

Ways to fund AUD and receive money in South Korea

With OFX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending A$2,000 gives your recipient 1,869,242.52 KRW.

You can fund the transfer with bank transfer, debit card, osko, and credit card.

Recipients in South Korea can collect KRW through bank deposit.

1

Bank transfer Bank deposit

You pay A$2,000.00

₩1,869,243

Cheapest
2

Osko Bank deposit

You pay A$2,000.00

₩1,867,968

-₩1,275
3

Debit card Bank deposit

You pay A$2,000.00

₩1,862,785

-₩6,458
4

Credit card Bank deposit

You pay A$2,000.00

₩1,850,124

-₩19,119

Consider this before sending AUD to South Korea

Every international transfer is reportable by the company handling it, but that is not a tax or a form you normally file yourself. PayID can fund the transfer, while the overseas leg still needs a transfer provider.

Compare AUD/KRW transfer options

For a A$2,000 transfer to South Korea, these are the best options right now:

Cheapest

OFX is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 1,869,242.52 KRW, which is 0.07% more than the next best option.

Fastest

Wise delivers 1,867,968 KRW in within minutes when you use bank transfer and choose bank deposit as payout.

If you need money urgently, we've put together a guide on instant money transfers.

PayID is domestic only

PayID and Osko move Australian dollars between local accounts.

When a money transfer company accepts PayID, it collects the AUD in Australia and then handles the conversion and payout in South Korea.

Confirm the registered business name shown by your bank before approving the PayID payment.

AUSTRAC reporting

The bank or remittance company reports international transfer instructions to AUSTRAC.

This applies to international transfers generally, rather than only those above A$10,000.

You do not normally submit the international transfer report yourself.

A separate threshold report applies when a transaction involves A$10,000 or more in physical cash.

Large or unusual transfers can still trigger source-of-funds checks. Keep the sale agreement, invoice or bank statement that explains the payment ready.

Cash gifts can affect Centrelink payments

Australia does not generally tax a genuine cash gift simply because you send it to family in South Korea.

Gifting money can still affect income-tested or asset-tested Centrelink payments.

Services Australia can continue assessing gifts above its gifting free areas under the income and assets tests.

If you or your partner receive a relevant payment, check the gifting rules before sending a large amount.

Bank protection in Australia

The Financial Claims Scheme protects eligible Australian-dollar deposits with an Australian-incorporated ADI, up to A$250,000 per account holder per ADI.

It does not automatically cover money held by a non-bank transfer company.

In case of issues, if a complaint is not resolved, the Australian Financial Complaints Authority is the free external dispute service for member financial firms.

How we analyse the market

We track 3 companies sending AUD to South Korea, all holding an Australian licence, with rates refreshed in real time when running a live search.

In the past 30 days alone, we analysed 316 comparisons across 11 amounts.

This page covers the cheapest and fastest options for AUD/KRW transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Fees, exchange rates and the pay-in and payout options all get compared, and each company goes through our review before it appears.

More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

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Tue, 29 Sept 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	948.3676	–	₩1,896,735.15
Panda Remit Cheapest	960.8540	$5.99	₩1,915,952.48	+₩19,217.33
OFX	942.2032	$0.00	₩1,884,406.38	−₩12,328.77
Wise	948.0410	$14.15	₩1,882,667.00	−₩14,068.15
Western Union	897.5636	$0.00	₩1,795,128.00	−₩101,607.15

Wed, 30 Sept 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	944.9880	–	₩1,889,975.91
Panda Remit Cheapest	960.8540	$5.99	₩1,915,952.48	+₩25,976.58
OFX	938.8455	$0.00	₩1,877,691.06	−₩12,284.85
Wise	944.4400	$14.15	₩1,875,516.00	−₩14,459.91
Western Union	889.3154	$0.00	₩1,778,631.00	−₩111,344.91

Thu, 1 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	943.8427	–	₩1,887,685.47
Panda Remit Cheapest	960.8540	$5.99	₩1,915,952.48	+₩28,267.02
OFX	937.7078	$0.00	₩1,875,415.51	−₩12,269.96
Wise	943.8730	$14.15	₩1,874,390.00	−₩13,295.47
Western Union	887.6644	$0.00	₩1,775,329.00	−₩112,356.47

Fri, 2 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	936.7720	–	₩1,873,543.97
Panda Remit Cheapest	960.8540	$5.99	₩1,915,952.48	+₩42,408.51
OFX	930.6830	$0.00	₩1,861,365.94	−₩12,178.03
Wise	936.8340	$14.15	₩1,860,412.00	−₩13,131.97
Western Union	886.4825	$0.00	₩1,772,965.00	−₩100,578.97

Sat, 3 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	931.2402	–	₩1,862,480.45
Panda Remit Cheapest	960.8540	$5.99	₩1,915,952.48	+₩53,472.03
Wise	933.9660	$14.15	₩1,854,716.00	−₩7,764.45
OFX	925.1872	$0.00	₩1,850,374.33	−₩12,106.12
Western Union	875.3047	$0.00	₩1,750,610.00	−₩111,870.45

How to send money to South Korea from Australia with the best AUD-KRW rate

Best companies for AUD/KRW transfers