Remitly is the cheapest way to send money from Canada to South Korea based on the 9 companies we analyzed, giving your recipient 947,600 KRW from CA$1,000.
| 9 of 9 providers Last updated on 28 October 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/KRW transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $10.64 1 CAD = 952.0000 KRW 0.00% vs mid-market | Recipient gets ₩941,871.00 Same day | |
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $10.641 CAD = 952.0000 KRW ₩941,871.00You pay$1,000.00 | |||
| Ad  Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 947.6000 KRW +0.46% vs mid-market | Recipient gets ₩947,600.00 Within a week | |
Ways to receive money in South Korea with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 947.6000 KRW ₩947,600.00You pay$1,000.00 | |||
Run a live search Showing top Canada to South Korea deals for 1,000 CAD. 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 CAD 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 CAD you're planning to spend in South Korea. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 947.6000 KRW +0.46% vs mid-market | Recipient gets ₩947,600.00 Within a week | |
Ways to receive money in South Korea with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 947.6000 KRW ₩947,600.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 947.6000 KRW +0.46% vs mid-market | Recipient gets ₩947,600.00 Within a week | |
Ways to receive money in South Korea with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 947.6000 KRW ₩947,600.00You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 946.8118 KRW +0.54% vs mid-market | Recipient gets ₩946,811.80 6-12 Hours | |
Ways to receive money in South Korea with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 946.8118 KRW ₩946,811.80You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 946.8118 KRW +0.54% vs mid-market | Recipient gets ₩946,811.80 6-12 Hours | |
Ways to receive money in South Korea with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 946.8118 KRW ₩946,811.80You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 945.7851 KRW +0.65% vs mid-market | Recipient gets ₩945,785.08 6-12 Hours | |
Ways to receive money in South Korea with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 945.7851 KRW ₩945,785.08You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $7.68 1 CAD = 951.7200 KRW +0.03% vs mid-market | Recipient gets ₩944,410.00 Within minutes | |
Ways to receive money in South Korea with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $7.681 CAD = 951.7200 KRW ₩944,410.00You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $10.64 1 CAD = 952.0000 KRW 0.00% vs mid-market | Recipient gets ₩941,871.00 Same day | |
Ways to receive money in South Korea with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $10.641 CAD = 952.0000 KRW ₩941,871.00You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 937.0100 KRW +1.58% vs mid-market | Recipient gets ₩937,010.00 Within minutes | |
Ways to receive money in South Korea with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 CAD = 937.0100 KRW ₩937,010.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 937.0100 KRW +1.58% vs mid-market | Recipient gets ₩937,010.00 Within minutes | |
Ways to receive money in South Korea with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $20.001 CAD = 937.0100 KRW ₩937,010.00You pay$1,020.00 | |||
| Wise Pay via Interac | Fees: $16.32 1 CAD = 952.0000 KRW 0.00% vs mid-market | Recipient gets ₩936,463.00 Within minutes | |
Ways to receive money in South Korea with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $16.321 CAD = 952.0000 KRW ₩936,463.00You pay$1,000.00 | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 941.0409 KRW +1.15% vs mid-market | Recipient gets ₩932,580.94 6-12 Hours | |
Ways to receive money in South Korea with Panda Remit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $8.991 CAD = 941.0409 KRW ₩932,580.94You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $21.60 1 CAD = 952.0000 KRW 0.00% vs mid-market | Recipient gets ₩931,437.00 Within minutes | |
Ways to receive money in South Korea with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $21.601 CAD = 952.0000 KRW ₩931,437.00You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 931.2102 KRW +2.21% vs mid-market | Recipient gets ₩931,210.20 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 931.2102 KRW ₩931,210.20You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 931.2102 KRW +2.21% vs mid-market | Recipient gets ₩931,210.20 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 931.2102 KRW ₩931,210.20You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 931.2102 KRW +2.21% vs mid-market | Recipient gets ₩931,210.20 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 931.2102 KRW ₩931,210.20You pay$1,000.00 | |||
 CurrencyFair Pay via Bank Transfer | Fees: $3.92 1 CAD = 932.9220 KRW +2.02% vs mid-market | Recipient gets ₩929,190.31 6-12 Hours | |
Ways to receive money in South Korea with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $3.921 CAD = 932.9220 KRW ₩929,190.31You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $8.99 1 CAD = 931.2102 KRW +2.21% vs mid-market | Recipient gets ₩922,838.62 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $8.991 CAD = 931.2102 KRW ₩922,838.62You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $36.26 1 CAD = 952.0000 KRW 0.00% vs mid-market | Recipient gets ₩917,480.00 Within minutes | |
Ways to receive money in South Korea with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $36.261 CAD = 952.0000 KRW ₩917,480.00You pay$1,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit Card | Fees: $4.99 1 CAD = 899.1987 KRW +5.70% vs mid-market | Recipient gets ₩899,198.70 6-12 Hours | |
Ways to receive money in South Korea with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 899.1987 KRW ₩899,198.70You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $4.99 1 CAD = 899.1987 KRW +5.70% vs mid-market | Recipient gets ₩899,198.70 6-12 Hours | |
Ways to receive money in South Korea with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 899.1987 KRW ₩899,198.70You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $4.99 1 CAD = 899.1987 KRW +5.70% vs mid-market | Recipient gets ₩899,198.70 6-12 Hours | |
Ways to receive money in South Korea with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 899.1987 KRW ₩899,198.70You pay$1,004.99 | |||
| How Our Results Work Mid-market rate: 1 CAD = 951.9729 KRW Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Remitly at 947,600 KRW on CA$1,000.
Remitly was the cheapest on 10 of the 30 days it quoted CA$1,000 transfers to South Korea.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 6 ways to pay, including bank transfer, debit card, credit card, interac, bill payment, and cash deposit.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
How much CAD 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 Remitly was the cheapest in 27% of the transfers up to C$1,000 it quoted, and in 26% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 0.19% | $0.00 | ₩95,002.28with interac to bank deposit | +₩3,595.97 | |
| $500 | 0.21% | $0.00 | ₩474,896.60with interac to bank deposit | +₩9,820.42 | |
| $1,000This page | 0.46% | $0.00 | ₩947,600.00with bank transfer to bank deposit | +₩16,355.89 | |
| $3,000 | 0.00% | $16.68 | ₩2,842,149.00with bank transfer to bank deposit | +₩48,292.88 | |
| $10,000 | 0.27% | $0.00 | ₩9,489,459.75with bank transfer to bank deposit | +₩185,694.16 | |
| $50,000 | 0.25% | $0.00 | ₩47,551,000.26with bank transfer to bank deposit | +₩1,149,051.50 |
Mid-market rate: 1 CAD = 951.9729 KRW
The cheapest way to send CAD 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 Remitly), across 30 days of comparisons for 1,000 CAD transfers to South Korea.
Wed, Oct 28, 2026Mid-market rate₩951,972.90 Remitly ₩947,600.00Remitly₩947,600.00Paysend₩946,811.80OFX₩945,785.08
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 956.8490 | – | ₩956,848.98 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩2,738.57 |
| | 951.5744 | $0.00 | ₩951,574.38 | −₩5,274.60 |
| | 951.4200 | $0.00 | ₩951,420.00 | −₩5,428.98 |
| | 950.6295 | $0.00 | ₩950,629.46 | −₩6,219.52 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 954.9949 | – | ₩954,994.88 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩4,592.67 |
| | 949.9591 | $0.00 | ₩949,959.11 | −₩5,035.77 |
| | 949.8200 | $0.00 | ₩949,820.00 | −₩5,174.88 |
| | 948.7874 | $0.00 | ₩948,787.41 | −₩6,207.47 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 954.2768 | – | ₩954,276.79 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩5,310.76 |
| | 949.4549 | $0.00 | ₩949,454.87 | −₩4,821.92 |
| | 948.2400 | $0.00 | ₩948,240.00 | −₩6,036.79 |
| | 948.0740 | $0.00 | ₩948,073.99 | −₩6,202.80 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 950.1802 | – | ₩950,180.18 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩9,407.37 |
| | 945.2700 | $0.00 | ₩945,270.00 | −₩4,910.18 |
| | 944.6027 | $0.00 | ₩944,602.70 | −₩5,577.48 |
| | 944.0040 | $0.00 | ₩944,004.01 | −₩6,176.17 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 943.2394 | – | ₩943,239.39 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩16,348.16 |
| | 937.4495 | $0.00 | ₩937,449.51 | −₩5,789.88 |
| | 937.2400 | $0.00 | ₩937,240.00 | −₩5,999.39 |
| | 937.1083 | $0.00 | ₩937,108.33 | −₩6,131.06 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.6225 | – | ₩942,622.54 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩16,965.01 |
| | 937.4495 | $0.00 | ₩937,449.51 | −₩5,173.03 |
| | 937.2400 | $0.00 | ₩937,240.00 | −₩5,382.54 |
| | 936.4955 | $0.00 | ₩936,495.49 | −₩6,127.05 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.2441 | – | ₩942,244.11 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩17,343.44 |
| | 937.6200 | $0.00 | ₩937,620.00 | −₩4,624.11 |
| | 936.6473 | $0.00 | ₩936,647.33 | −₩5,596.78 |
| | 936.1195 | $0.00 | ₩936,119.52 | −₩6,124.59 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 940.5004 | – | ₩940,500.35 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩19,087.20 |
| | 936.2200 | $0.00 | ₩936,220.00 | −₩4,280.35 |
| | 935.7302 | $0.00 | ₩935,730.23 | −₩4,770.12 |
| | 934.3871 | $0.00 | ₩934,387.10 | −₩6,113.25 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.6741 | – | ₩942,674.12 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩16,913.43 |
| | 937.5000 | $0.00 | ₩937,500.00 | −₩5,174.12 |
| | 937.1576 | $0.00 | ₩937,157.62 | −₩5,516.50 |
| | 936.5467 | $0.00 | ₩936,546.74 | −₩6,127.38 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 938.7658 | – | ₩938,765.78 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩20,821.77 |
| | 933.5300 | $0.00 | ₩933,530.00 | −₩5,235.78 |
| | 933.4289 | $0.00 | ₩933,428.86 | −₩5,336.92 |
| | 932.6638 | $0.00 | ₩932,663.80 | −₩6,101.98 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 968.2925 | $8.99 | ₩959,587.55 | – |
| | 939.4113 | $0.00 | ₩939,411.27 | – |
| | 939.4100 | $0.00 | ₩939,410.00 | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 940.1742 | – | ₩940,174.22 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩19,413.33 |
| | 935.4141 | $0.00 | ₩935,414.11 | −₩4,760.11 |
| | 935.2600 | $0.00 | ₩935,260.00 | −₩4,914.22 |
| | 934.0631 | $0.00 | ₩934,063.09 | −₩6,111.13 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 939.8657 | – | ₩939,865.71 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩19,721.84 |
| | 935.4141 | $0.00 | ₩935,414.11 | −₩4,451.60 |
| | 935.3200 | $0.00 | ₩935,320.00 | −₩4,545.71 |
| | 933.7566 | $0.00 | ₩933,756.58 | −₩6,109.13 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 935.3130 | – | ₩935,312.98 | |
| | 968.2925 | $8.99 | ₩959,587.55 | +₩24,274.57 |
| | 932.4700 | $0.00 | ₩932,470.00 | −₩2,842.98 |
| | 931.0293 | $0.00 | ₩931,029.31 | −₩4,283.67 |
| | 929.2334 | $0.00 | ₩929,233.44 | −₩6,079.54 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 941.3101 | – | ₩941,310.09 | |
| | 940.5700 | $0.00 | ₩940,570.00 | −₩740.08 |
| | 936.0531 | $0.00 | ₩936,053.06 | −₩5,257.02 |
| | 935.1916 | $0.00 | ₩935,191.57 | −₩6,118.52 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 940.3119 | – | ₩940,311.94 | |
| | 941.4800 | $0.00 | ₩941,480.00 | +₩1,168.06 |
| | 936.4429 | $0.00 | ₩936,442.94 | −₩3,869.00 |
| | 934.1999 | $0.00 | ₩934,199.91 | −₩6,112.03 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 945.0612 | – | ₩945,061.19 | |
| | 946.9000 | $0.00 | ₩946,900.00 | +₩1,838.81 |
| | 939.2900 | $0.00 | ₩939,290.01 | −₩5,771.18 |
| | 938.9183 | $0.00 | ₩938,918.29 | −₩6,142.90 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 939.1000 | $0.00 | ₩939,100.00 | – |
| | 935.1104 | $0.00 | ₩935,110.44 | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.6876 | – | ₩942,687.61 | |
| | 940.3000 | $0.00 | ₩940,300.00 | −₩2,387.61 |
| | 938.7771 | $0.00 | ₩938,777.08 | −₩3,910.53 |
| | 936.5601 | $0.00 | ₩936,560.14 | −₩6,127.47 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.7794 | – | ₩942,779.43 | |
 | 942.0049 | $0.00 | ₩942,004.90 | −₩774.53 |
| | 939.9400 | $0.00 | ₩939,940.00 | −₩2,839.43 |
| | 938.7771 | $0.00 | ₩938,777.08 | −₩4,002.35 |
| | 936.6514 | $0.00 | ₩936,651.37 | −₩6,128.06 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 943.8687 | – | ₩943,868.69 | |
| | 942.3244 | $0.00 | ₩942,324.40 | −₩1,544.29 |
| | 939.5500 | $0.00 | ₩939,550.00 | −₩4,318.69 |
| | 938.6902 | $0.00 | ₩938,690.16 | −₩5,178.53 |
| | 937.7335 | $0.00 | ₩937,733.54 | −₩6,135.15 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.2307 | – | ₩942,230.74 | |
| | 940.1300 | $0.00 | ₩940,130.00 | −₩2,100.74 |
| | 937.2274 | $0.00 | ₩937,227.37 | −₩5,003.37 |
| | 936.1062 | $0.00 | ₩936,106.24 | −₩6,124.50 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 942.2867 | – | ₩942,286.71 | |
| | 938.0900 | $0.00 | ₩938,090.00 | −₩4,196.70 |
| | 936.8587 | $0.00 | ₩936,858.72 | −₩5,427.98 |
| | 936.1618 | $0.00 | ₩936,161.84 | −₩6,124.86 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 943.3197 | – | ₩943,319.67 | |
| | 939.7700 | $0.00 | ₩939,770.00 | −₩3,549.67 |
| | 938.1568 | $0.00 | ₩938,156.82 | −₩5,162.85 |
| | 937.1881 | $0.00 | ₩937,188.09 | −₩6,131.58 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 945.5835 | – | ₩945,583.49 | |
| | 944.1217 | $0.00 | ₩944,121.70 | −₩1,461.79 |
| | 942.0600 | $0.00 | ₩942,060.00 | −₩3,523.48 |
| | 940.2790 | $0.00 | ₩940,279.00 | −₩5,304.48 |
| | 939.4372 | $0.00 | ₩939,437.19 | −₩6,146.30 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 945.3740 | – | ₩945,374.03 | |
| | 941.2500 | $0.00 | ₩941,250.00 | −₩4,124.03 |
| | 940.1211 | $0.00 | ₩940,121.10 | −₩5,252.93 |
| | 939.2291 | $0.00 | ₩939,229.10 | −₩6,144.93 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 945.2060 | – | ₩945,205.96 | |
| | 943.6724 | $0.00 | ₩943,672.40 | −₩1,533.56 |
| | 941.1300 | $0.00 | ₩941,130.00 | −₩4,075.96 |
| | 940.1211 | $0.00 | ₩940,121.10 | −₩5,084.86 |
| | 939.0621 | $0.00 | ₩939,062.12 | −₩6,143.84 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 944.2147 | – | ₩944,214.74 | |
| | 942.3543 | $0.00 | ₩942,354.30 | −₩1,860.44 |
| | 940.4200 | $0.00 | ₩940,420.00 | −₩3,794.74 |
| | 939.3959 | $0.00 | ₩939,395.88 | −₩4,818.86 |
| | 938.0773 | $0.00 | ₩938,077.35 | −₩6,137.39 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 944.4723 | – | ₩944,472.26 | |
| | 942.9035 | $0.00 | ₩942,903.50 | −₩1,568.76 |
| | 940.3000 | $0.00 | ₩940,300.00 | −₩4,172.26 |
| | 939.8647 | $0.00 | ₩939,864.74 | −₩4,607.52 |
| | 938.3332 | $0.00 | ₩938,333.19 | −₩6,139.07 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 951.9729 | – | ₩951,972.90 | |
| | 947.6000 | $0.00 | ₩947,600.00 | −₩4,372.90 |
| | 946.8118 | $0.00 | ₩946,811.80 | −₩5,161.10 |
| | 945.7851 | $0.00 | ₩945,785.08 | −₩6,187.82 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 951.9729 | – | ₩951,972.90 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 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 CAD 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 15 of the last 30 days.
Right now, Remitly pays 947,600 KRW on 1,000 CAD, which is 4,372.9 KRW less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 959,587.55 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.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to South Korea.
We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.
Cheapest in 24% of them
Cheapest in 17% of them
Cheapest in 3% of them
Based on 42 comparisons across 6 amounts over the last 7 days.
Cheapest in 26% of them
Cheapest in 6% of them
Cheapest in 1% of them
Based on 180 comparisons across 6 amounts over the last 30 days.
Cheapest in 26% of them
Cheapest in 12% of them
Cheapest in 2% of them
Based on 351 comparisons across 6 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Remitly is the cheapest and gets you the most KRW, but it was the cheapest in only 26% of the 102 comparisons it appeared in over the past month.
Paysend (today's second cheapest) was the cheapest in only 6% of its comparisons, so it's rarely the cheapest option for transfers to South Korea.
If it's a one-off transfer, go with Remitly, since it's the cheapest right now.
There are 9 companies sending money to South Korea, but how you send depends on your needs.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Remitly charges CA$0 in fees and adds 0.46% markup, so your CA$1,000 delivers 947,600 KRW in within a week.
Over the past month, Remitly was the cheapest app on 33% of the days it appeared for CA$1,000 transfers.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of the 9 companies we compared, Remitly is the cheapest online service and currently gets you 947,600 KRW on a CA$1,000 transfer after a CA$0 fee and 0.46% markup.
In our comparisons over the past month, it was the cheapest online service on 10 of the 30 days it quoted.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
Brokers like OFX charge no fees but add 0.65% on CAD/KRW interbank rate.
The markup gets lower the more you send, with an account manager handling it end to end.
Our analysis shows OFX was the cheapest broker in 56% of all the transfers it quoted.
If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.
If you already have one
Some neobanks in Canada include international transfers with no transfer fee as part of the account.
Koho sends your CA$1,000 for CA$7.68 in fees with 0.03% markup.
It's a good option for small occasional transfers, but I still suggest .
Our data shows Koho came out cheapest among challenger banks on 100% of days in the past month.
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in KRW.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in KRW, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Wise lets you hold CAD and KRW, and convert between them at low cost.
For example, converting $1,000 costs $10.64 in fees at 0% markup, which gets you 941,871 KRW.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 947,600 KRW.
Deposit CAD using bank transfer, debit card, credit card, interac, bill payment, and cash deposit.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive KRW through bank deposit.
For a bank deposit payout, you will need the recipient's bank details in South Korea.
You pay CA$1,000.00
₩947,600
Cheapest
You pay CA$1,000.00
₩947,600
₩0
You pay CA$1,000.00
₩946,812
-₩788
You pay CA$1,000.00
₩946,812
-₩788
You pay CA$1,000.00
₩931,210
-₩16,390
You pay CA$1,004.99
₩899,199
-₩48,401
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a CA$1,000 transfer to South Korea, these are the cheapest, fastest and easiest options available now.
Best way to send money to South Korea
Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 947,600 KRW, which is 0.08% more than the next best option.
Fastest way to send money to South Korea
Koho is fastest when you pay by bank transfer and choose bank deposit for the payout. The transfer delivers 944,410 KRW in within an hour.
An Interac e-Transfer cannot go directly to a recipient in South Korea.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 9 FINTRAC-registered companies sending CAD to South Korea, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.
This page covers the cheapest and fastest options for CAD/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.
Each goes through our review. 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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