Panda Remit is the cheapest way to send money from Canada to South Korea based on the 10 companies we analyzed, giving your recipient 959,587.55 KRW from $1,000.
| 10 of 10 providers Last updated on 28 September 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/KRW transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $10.64 1 CAD = 963.2250 KRW +0.02% vs mid-market | Recipient gets ₩952,976.00 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 = 963.2250 KRW ₩952,976.00You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $4.99 1 CAD = 940.7584 KRW +2.38% vs mid-market | Recipient gets ₩940,758.40 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 = 940.7584 KRW ₩940,758.40You pay$1,004.99 | |||
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. | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 968.2925 KRW -0.50% vs mid-market | Recipient gets ₩959,587.55 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 = 968.2925 KRW ₩959,587.55You pay$1,000.00 | |||
 Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 959.1100 KRW +0.45% vs mid-market | Recipient gets ₩959,110.00 2 Days | |
Ways to receive money in South Korea with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 959.1100 KRW ₩959,110.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 959.1100 KRW +0.45% vs mid-market | Recipient gets ₩959,110.00 2 Days | |
Ways to receive money in South Korea with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 959.1100 KRW ₩959,110.00You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 958.4146 KRW +0.52% vs mid-market | Recipient gets ₩958,414.60 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 958.4146 KRW ₩958,414.60You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 958.4146 KRW +0.52% vs mid-market | Recipient gets ₩958,414.60 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 958.4146 KRW ₩958,414.60You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 958.4146 KRW +0.52% vs mid-market | Recipient gets ₩958,414.60 Next Day | |
Ways to receive money in South Korea with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 958.4146 KRW ₩958,414.60You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 957.9391 KRW +0.57% vs mid-market | Recipient gets ₩957,939.06 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 = 957.9391 KRW ₩957,939.06You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 957.9391 KRW +0.57% vs mid-market | Recipient gets ₩957,939.06 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 = 957.9391 KRW ₩957,939.06You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 957.1827 KRW +0.65% vs mid-market | Recipient gets ₩957,182.73 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 = 957.1827 KRW ₩957,182.73You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $7.68 1 CAD = 963.1900 KRW +0.03% vs mid-market | Recipient gets ₩955,792.00 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 = 963.1900 KRW ₩955,792.00You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $10.64 1 CAD = 963.2250 KRW +0.02% vs mid-market | Recipient gets ₩952,976.00 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 = 963.2250 KRW ₩952,976.00You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $8.99 1 CAD = 958.4146 KRW +0.52% vs mid-market | Recipient gets ₩949,798.45 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 = 958.4146 KRW ₩949,798.45You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 948.0200 KRW +1.61% vs mid-market | Recipient gets ₩948,020.00 2 Days | |
Ways to receive money in South Korea with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 948.0200 KRW ₩948,020.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 948.0200 KRW +1.61% vs mid-market | Recipient gets ₩948,020.00 2 Days | |
Ways to receive money in South Korea with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 948.0200 KRW ₩948,020.00You pay$1,020.00 | |||
| Wise Pay via Interac | Fees: $16.32 1 CAD = 963.2250 KRW +0.02% vs mid-market | Recipient gets ₩947,505.00 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 = 963.2250 KRW ₩947,505.00You pay$1,000.00 | |||
 CurrencyFair Pay via Bank Transfer | Fees: $3.94 1 CAD = 948.0470 KRW +1.61% vs mid-market | Recipient gets ₩944,254.81 6-12 Hours | |
Ways to receive money in South Korea with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $3.941 CAD = 948.0470 KRW ₩944,254.81You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $21.60 1 CAD = 963.2250 KRW +0.02% vs mid-market | Recipient gets ₩942,419.00 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 = 963.2250 KRW ₩942,419.00You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $4.99 1 CAD = 940.7584 KRW +2.38% vs mid-market | Recipient gets ₩940,758.40 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 = 940.7584 KRW ₩940,758.40You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $4.99 1 CAD = 940.7584 KRW +2.38% vs mid-market | Recipient gets ₩940,758.40 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 = 940.7584 KRW ₩940,758.40You pay$1,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $4.99 1 CAD = 940.7584 KRW +2.38% vs mid-market | Recipient gets ₩940,758.40 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 = 940.7584 KRW ₩940,758.40You pay$1,004.99 | |||
| Wise Pay via Credit Card | Fees: $36.26 1 CAD = 963.2250 KRW +0.02% vs mid-market | Recipient gets ₩928,298.00 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 = 963.2250 KRW ₩928,298.00You pay$1,000.00 | |||
 Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 954.3900 KRW +0.94% vs mid-market | Recipient gets ₩911,442.45 6-12 Hours | |
Ways to receive money in South Korea with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $45.001 CAD = 954.3900 KRW ₩911,442.45You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 954.3900 KRW +0.94% vs mid-market | Recipient gets ₩892,354.65 6-12 Hours | |
Ways to receive money in South Korea with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $65.001 CAD = 954.3900 KRW ₩892,354.65You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 963.4451 KRW Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Panda Remit at 959,587.55 KRW on $1,000.
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.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 0.28% | $0.00 | ₩95,841.46with interac to bank deposit | +₩8,774.09 | |
| $500 | 0.24% | $0.00 | ₩479,207.30with interac to bank deposit | +₩9,624.39 | |
| $1,000This page | -0.50% | $8.99 | ₩959,587.55with bank transfer to bank deposit | +₩13,097.65 | |
| $10,000 | 0.27% | $0.00 | ₩9,600,610.82with bank transfer to bank deposit | +₩91,639.41 | |
| $50,000 | 0.22% | $0.00 | ₩47,920,730.00with interac to bank deposit | +₩420,445.40 |
Mid-market rate: 1 CAD = 963.4451 KRW
There are 10 companies sending money to India, 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.
Panda Remit charges $8.99 in fees and adds -0.5% markup, so your $1,000 delivers 959,587.55 KRW in 6-12 hours.
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 10 online companies, Panda Remit is the cheapest and currently gets you 959,587.55 KRW on a $1,000 transfer after a $8.99 fee and -0.5% markup.
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.
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 $1,000 for $7.68 in fees with 0.03% markup.
It's a good option for small ocasional transfers, but I still suggest .
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 0.02% markup, which gets you 952,976 KRW.
With Panda Remit, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 959,587.55 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 $1,000.00
₩959,588
Cheapest
You pay $1,000.00
₩959,110
-₩478
You pay $1,000.00
₩958,415
-₩1,173
You pay $1,000.00
₩957,939
-₩1,648
You pay $1,000.00
₩957,939
-₩1,648
You pay $1,004.99
₩940,758
-₩18,829
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 $1,000 transfer to South Korea, these are the cheapest, fastest and easiest options available now.
Best way to send money to South Korea
Panda Remit is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 959,587.55 KRW, which is 0.05% 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 955,792 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.
The rate has a direct impact on the KRW amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 959.124946 KRW
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 10 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.
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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