How to send money to South Korea from Spain with the best EUR-KRW rate

Revolut is the fastest way to send money from Spain to South Korea, and its delivery time is within minutes.

For the cheapest option, Regency FX will get you 10,407,574.34 KRW on a 7,000 EUR transfer.

Best companies for EUR/KRW transfers

7 of 7 providers

Last updated on 28 October 2026

Based on 7,000 EUR transfer

Best companies for EUR/KRW transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €51.52 1 EUR = 1490.5500 KRW +0.02% vs mid-market Recipient gets ₩10,357,057.00 Within minutes
Multi-currency cardReceive 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
€51.521 EUR = 1490.5500 KRW
₩10,357,057.00You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1463.4180 KRW +1.86% vs mid-market Recipient gets ₩10,243,926.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1463.4180 KRW
₩10,243,926.00You pay€7,000.00

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Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 1486.7963 KRW +0.27% vs mid-market Recipient gets ₩10,407,574.34 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in South Korea with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1486.7963 KRW
₩10,407,574.34You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 1483.3674 KRW +0.50% vs mid-market Recipient gets ₩10,383,572.11 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in South Korea with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1483.3674 KRW
₩10,383,572.11You pay€7,000.00

Wise

Pay via Bank transfer
Fee €51.52 1 EUR = 1490.5500 KRW +0.02% vs mid-market Recipient gets ₩10,357,057.00 Within minutes
Recommended
Multi-currency cardReceive 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
€51.521 EUR = 1490.5500 KRW
₩10,357,057.00You pay€7,000.00

Wise

Pay via iDEAL
Fee €61.61 1 EUR = 1490.5500 KRW +0.02% vs mid-market Recipient gets ₩10,342,017.00 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by ideal.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€61.611 EUR = 1490.5500 KRW
₩10,342,017.00You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €61.25 1 EUR = 1483.9163 KRW +0.46% vs mid-market Recipient gets ₩10,296,524.00 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in South Korea with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€61.251 EUR = 1483.9163 KRW
₩10,296,524.00You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Debit card
Fee €106.27 1 EUR = 1490.5500 KRW +0.02% vs mid-market Recipient gets ₩10,275,449.00 Within minutes
Multi-currency cardReceive 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
€106.271 EUR = 1490.5500 KRW
₩10,275,449.00You pay€7,000.00

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1463.4180 KRW +1.86% vs mid-market Recipient gets ₩10,243,926.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1463.4180 KRW
₩10,243,926.00You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 1463.4180 KRW +1.86% vs mid-market Recipient gets ₩10,243,926.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1463.4180 KRW
₩10,243,926.00You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 1463.4180 KRW +1.86% vs mid-market Recipient gets ₩10,243,926.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1463.4180 KRW
₩10,243,926.00You pay€7,000.00

CurrencyFair

Pay via Bank transfer
Fee €2.94 1 EUR = 1459.6800 KRW +2.11% vs mid-market Recipient gets ₩10,213,380.96 Minutes - 24 hours
Receive to bank account

Ways to receive money in South Korea with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
€2.941 EUR = 1459.6800 KRW
₩10,213,380.96You pay€7,000.00

Wise

Pay via Credit card
Fee €148.12 1 EUR = 1490.5500 KRW +0.02% vs mid-market Recipient gets ₩10,213,070.00 Within minutes
Multi-currency cardReceive 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
€148.121 EUR = 1490.5500 KRW
₩10,213,070.00You pay€7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €1.99 1 EUR = 1456.0020 KRW +2.36% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€1.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,001.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €1.99 1 EUR = 1456.0020 KRW +2.36% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€1.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,001.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €1.99 1 EUR = 1456.0020 KRW +2.36% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€1.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,001.99
How Our Results Work
Mid-market rate: 1 EUR = 1490.8216 KRW Updates every 60 minutes.

How to send money from Spain to South Korea

Pick a company

For a one-off transfer from Spain to South Korea, I suggest picking Regency FX, it will get you the most KRW.

Regency FX was the cheapest on 26 of the 29 days it quoted €7,000 transfers to South Korea.

The best option will change depending on the amount, so it's good to to get the best EUR/KRW rate today.

Fund your transfer

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

Bizum only works between Spanish accounts and caps at €500, which is why these companies exist in the first place.

Verify and send

First time round you'll need your DNI, or your NIE if you're not Spanish, and a proof of address.

An empadronamiento certificate covers the address if you don't have a bill in your name yet.

Compare amounts

How much EUR are you sending to South Korea?

How much EUR 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 Regency FX was the cheapest in 88% of the transfers from €5,000 it quoted, and in 88% of all the transfers it quoted.

Cheapest service
€5000.33%€0.00₩741,401.00with bank transfer to bank deposit+₩10,269.59
€1,0000.39%€0.00₩1,482,064.60with bank transfer to bank deposit+₩19,690.80
€2,0000.65%€0.00₩2,956,998.25with bank transfer to bank deposit+₩24,651.25
€5,0000.50%€0.00₩7,396,469.13with bank transfer to bank deposit+₩76,398.66
€7,000This page0.27%€0.00₩10,407,574.34with bank transfer to bank deposit+₩136,398.31
€10,0000.27%€0.00₩14,861,702.64with bank transfer to bank deposit+₩187,373.51

Mid-market rate: 1 EUR = 1490.8216 KRW

EUR/KRW Exchange Rate History

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

The cheapest way to send EUR 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 Regency FX), across 30 days of comparisons for 7,000 EUR transfers to South Korea.

KRW received for €7,000, after fees

Wed, 28 Oct 2026Mid-market rate₩10,435,750.86 Regency FX ₩10,407,574.34Regency FX₩10,407,574.34OFX₩10,383,572.11Wise₩10,357,057.00

10,2M
10,3M
10,4M
10,5M
10,6M
10,7M
10,8M
10,9M
At the mid-market rateWith the cheapest optionRegency FXOFXWise
Exchange rateFeeRecipient getsDifference
Mid-market rate 1540.9356 – ₩10,786,549.14
Regency FX Cheapest 1536.7751 €0.00 ₩10,757,425.45 −₩29,123.69
OFX 1533.2309 €0.00 ₩10,732,616.39 −₩53,932.75
Wise 1540.9400 €51.52 ₩10,707,191.00 −₩79,358.14
Exchange rateFeeRecipient getsDifference
Mid-market rate 1533.2931 – ₩10,733,051.90
Regency FX Cheapest 1529.1532 €0.00 ₩10,704,072.66 −₩28,979.24
OFX 1525.6267 €0.00 ₩10,679,386.64 −₩53,665.26
Wise 1533.1800 €51.52 ₩10,653,271.00 −₩79,780.90
Exchange rateFeeRecipient getsDifference
Mid-market rate 1539.5211 – ₩10,776,647.99
Regency FX Cheapest 1535.3644 €0.00 ₩10,747,551.04 −₩29,096.95
OFX 1531.8235 €0.00 ₩10,722,764.75 −₩53,883.24
Wise 1539.5700 €51.52 ₩10,697,671.00 −₩78,976.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 1517.2189 – ₩10,620,532.41
Regency FX Cheapest 1513.1224 €0.00 ₩10,591,856.97 −₩28,675.44
OFX 1509.6328 €0.00 ₩10,567,429.75 −₩53,102.66
Wise 1517.8900 €51.52 ₩10,547,028.00 −₩73,504.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 1513.2291 – ₩10,592,603.55
Xe Cheapest 1509.5718 €0.00 ₩10,567,002.60 −₩25,600.95
Regency FX 1509.1434 €0.00 ₩10,564,003.52 −₩28,600.03
OFX 1505.6629 €0.00 ₩10,539,640.54 −₩52,963.01
Wise 1510.7400 €51.52 ₩10,497,347.00 −₩95,256.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 1512.3456 – ₩10,586,419.25
Xe Cheapest 1509.5718 €0.00 ₩10,567,002.60 −₩19,416.65
Regency FX 1508.2623 €0.00 ₩10,557,835.92 −₩28,583.33
OFX 1504.7839 €0.00 ₩10,533,487.15 −₩52,932.10
Wise 1510.7400 €51.52 ₩10,497,347.00 −₩89,072.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1506.1945 – ₩10,543,361.49
Regency FX Cheapest 1502.1278 €0.00 ₩10,514,894.41 −₩28,467.08
OFX 1498.6635 €0.00 ₩10,490,644.68 −₩52,716.81
Wise 1506.5000 €51.52 ₩10,467,885.00 −₩75,476.49
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1505.0300 €51.52 ₩10,457,671.00 –
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.6638 – ₩10,497,646.93
Regency FX Cheapest 1495.6148 €0.00 ₩10,469,303.28 −₩28,343.65
OFX 1492.1655 €0.00 ₩10,445,158.69 −₩52,488.24
Wise 1500.1000 €51.52 ₩10,423,415.00 −₩74,231.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1501.0692 – ₩10,507,484.23
Regency FX Cheapest 1497.0163 €0.00 ₩10,479,114.02 −₩28,370.21
OFX 1493.5638 €0.00 ₩10,454,946.80 −₩52,537.43
Wise 1501.1900 €51.52 ₩10,430,989.00 −₩76,495.23
Exchange rateFeeRecipient getsDifference
Mid-market rate 1506.2696 – ₩10,543,887.21
Regency FX Cheapest 1502.2027 €0.00 ₩10,515,418.71 −₩28,468.50
OFX 1498.7383 €0.00 ₩10,491,167.77 −₩52,719.44
Wise 1506.5200 €51.52 ₩10,468,024.00 −₩75,863.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 1502.3801 – ₩10,516,660.55
Regency FX Cheapest 1498.3237 €0.00 ₩10,488,265.56 −₩28,394.99
OFX 1494.8682 €0.00 ₩10,464,077.24 −₩52,583.31
Wise 1501.4300 €51.52 ₩10,432,656.00 −₩84,004.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 1501.8871 – ₩10,513,209.58
Regency FX Cheapest 1497.8320 €0.00 ₩10,484,823.92 −₩28,385.66
OFX 1494.3776 €0.00 ₩10,460,643.53 −₩52,566.05
Wise 1501.4300 €51.52 ₩10,432,656.00 −₩80,553.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 1491.7436 – ₩10,442,205.50
Xe Cheapest 1488.0096 €0.00 ₩10,416,067.20 −₩26,138.30
Regency FX 1487.7159 €0.00 ₩10,414,011.55 −₩28,193.95
OFX 1484.2849 €0.00 ₩10,389,994.47 −₩52,211.03
Wise 1491.8700 €51.52 ₩10,366,229.00 −₩75,976.50
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.1559 – ₩10,494,091.11
Regency FX Cheapest 1495.1082 €0.00 ₩10,465,757.07 −₩28,334.04
OFX 1491.6601 €0.00 ₩10,441,620.66 −₩52,470.45
Wise 1499.7000 €51.52 ₩10,420,635.00 −₩73,456.11
Exchange rateFeeRecipient getsDifference
Mid-market rate 1495.3163 – ₩10,467,213.96
Regency FX Cheapest 1491.2789 €0.00 ₩10,438,952.48 −₩28,261.48
OFX 1487.8397 €0.00 ₩10,414,877.89 −₩52,336.07
Wise 1495.3100 €51.52 ₩10,390,132.00 −₩77,081.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 1506.2375 – ₩10,543,662.61
Regency FX Cheapest 1502.1707 €0.00 ₩10,515,194.72 −₩28,467.88
OFX 1498.7063 €0.00 ₩10,490,944.29 −₩52,718.32
Wise 1506.2100 €51.52 ₩10,465,870.00 −₩77,792.61
Exchange rateFeeRecipient getsDifference
Mid-market rate 1498.2121 – ₩10,487,484.71
Regency FX Cheapest 1494.1669 €0.00 ₩10,459,168.50 −₩28,316.21
OFX 1490.7210 €0.00 ₩10,435,047.28 −₩52,437.43
Wise 1498.3400 €51.52 ₩10,411,186.00 −₩76,298.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.8699 – ₩10,499,089.35
Regency FX Cheapest 1495.8203 €0.00 ₩10,470,741.81 −₩28,347.54
OFX 1492.3706 €0.00 ₩10,446,593.90 −₩52,495.45
Wise 1499.5000 €51.52 ₩10,419,246.00 −₩79,843.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.8699 – ₩10,499,089.35
Regency FX Cheapest 1495.8203 €0.00 ₩10,470,741.81 −₩28,347.54
OFX 1492.3706 €0.00 ₩10,446,593.90 −₩52,495.45
Wise 1499.5000 €51.52 ₩10,419,246.00 −₩79,843.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 1490.5101 – ₩10,433,570.78
Regency FX Cheapest 1486.4857 €0.00 ₩10,405,400.14 −₩28,170.64
OFX 1483.0576 €0.00 ₩10,381,402.92 −₩52,167.86
Wise 1490.6000 €51.52 ₩10,357,404.00 −₩76,166.78
Exchange rateFeeRecipient getsDifference
Mid-market rate 1489.7789 – ₩10,428,452.17
Regency FX Cheapest 1485.7565 €0.00 ₩10,400,295.35 −₩28,156.82
OFX 1482.3300 €0.00 ₩10,376,309.91 −₩52,142.26
Wise 1489.9100 €51.52 ₩10,352,610.00 −₩75,842.17
Exchange rateFeeRecipient getsDifference
Mid-market rate 1486.0475 – ₩10,402,332.27
Regency FX Cheapest 1482.0351 €0.00 ₩10,374,245.97 −₩28,086.30
OFX 1478.6172 €0.00 ₩10,350,320.61 −₩52,011.66
Wise 1485.9100 €51.52 ₩10,324,816.00 −₩77,516.27
Exchange rateFeeRecipient getsDifference
Mid-market rate 1485.3768 – ₩10,397,637.61
Regency FX Cheapest 1481.3663 €0.00 ₩10,369,563.99 −₩28,073.62
OFX 1477.9499 €0.00 ₩10,345,649.42 −₩51,988.19
Wise 1485.4600 €51.52 ₩10,321,689.00 −₩75,948.61
Exchange rateFeeRecipient getsDifference
Mid-market rate 1483.4460 – ₩10,384,122.20
Regency FX Cheapest 1479.4407 €0.00 ₩10,356,085.07 −₩28,037.13
OFX 1476.0288 €0.00 ₩10,332,201.59 −₩51,920.61
Wise 1483.5100 €51.52 ₩10,308,140.00 −₩75,982.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 1482.6581 – ₩10,378,606.81
Regency FX Cheapest 1478.6549 €0.00 ₩10,350,584.57 −₩28,022.23
OFX 1475.2448 €0.00 ₩10,326,713.77 −₩51,893.04
Wise 1482.7500 €51.52 ₩10,302,859.00 −₩75,747.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 1482.6581 – ₩10,378,606.81
Regency FX Cheapest 1478.6549 €0.00 ₩10,350,584.57 −₩28,022.23
OFX 1475.2448 €0.00 ₩10,326,713.77 −₩51,893.04
Wise 1482.7500 €51.52 ₩10,302,859.00 −₩75,747.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 1484.0306 – ₩10,388,213.95
Regency FX Cheapest 1480.0237 €0.00 ₩10,360,165.77 −₩28,048.18
OFX 1476.6104 €0.00 ₩10,336,272.88 −₩51,941.07
Wise 1484.4300 €51.52 ₩10,314,532.00 −₩73,681.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 1480.0416 – ₩10,360,291.03
Regency FX Cheapest 1476.0455 €0.00 ₩10,332,318.24 −₩27,972.79
OFX 1472.6414 €0.00 ₩10,308,489.57 −₩51,801.46
Wise 1480.2000 €51.52 ₩10,285,140.00 −₩75,151.03
Exchange rateFeeRecipient getsDifference
Mid-market rate 1490.8216 – ₩10,435,750.86
Regency FX Cheapest 1486.7963 €0.00 ₩10,407,574.34 −₩28,176.52
OFX 1483.3674 €0.00 ₩10,383,572.11 −₩52,178.75
Wise 1490.5500 €51.52 ₩10,357,057.00 −₩78,693.86

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 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 EUR than the mid-market rate can offer.

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

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of KRW on every transfer from Spain.

Right now, Regency FX pays 10,407,574.34 KRW on 7,000 EUR, which is 28,176.52 KRW less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 10,757,425.45 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.

Cheapest over time

Picking the cheapest money transfer company

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 166 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. Regency FXAppeared in 57 comparisons

    Cheapest in 88% of them

  2. OFXAppeared in 160 comparisons

    Cheapest in 25% of them

  3. WiseAppeared in 166 comparisons

    Cheapest in 1% of them

Based on 166 comparisons across 6 amounts over the last 30 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 analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

OFX (today's second cheapest) was the cheapest in only 25% of its comparisons, so it's rarely the cheapest option for transfers to South Korea.

Ways to send money from Spain to South Korea

7 companies send money from Spain to South Korea, across broker, app, online, multi-currency account, global account, and in person, and more.

Monthly remesas abroad

Money transfer apps

Sending monthly remesa is extremely popular in Spain.

Money transfer apps let you save contacts, schedule transfers, and lock-in rates.

Useful if you’re sending €100 to €300 monthly to South Korea.

Wise charges €51.52 on a €7,000 transfer and pays out 10,357,057 KRW in within minutes.

Over the past month, Wise was the cheapest app on 73% of the days it appeared for €7,000 transfers.

You can pay for the transfers via bank transfer, debit card, credit card, and iDEAL, but Bizum is usually not accepted as a funding method.

For cash pickup and deposit

In-person transfers

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay MoneyGram the €7,000 by card or transferencia, and they can collect cash in South Korea.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

Cash transfers are faster than online methods, but usually more expensive, so .

For one-off transfers

Online transfers

For medium sized or one-off transfers to South Korea, an online money transfer service funded from your bank account is better than any bank.

Wise turns €7,000 into 10,357,057 KRW with a €51.52 fee and 0.02% markup.

In our comparisons over the past month, it was the cheapest online service on 22 of the 30 days it quoted.

Sending large amounts

Currency brokers

Currency brokers are best for sending €10,000+ to South Korea. This can be things like selling property, moving a pension, moving back home, etc…

Regency FX charges no fee and works on a margin, with a person on the phone, and offices in Spain if you'd rather sit down with someone.

Our analysis shows Regency FX was the cheapest broker in 88% of the transfers from €5,000 it quoted.

For getting paid and spending abroad

Multi-currency accounts

If you often receive KRW (things like pensions, payments, salary, dividends, etc…), this is the best way to do it.

Because a multi-currency account gives you account details to receive KRW like a local and you can exchange it to EUR at any time.

The best multi-currency account in Spain with KRW support is offered by Wise.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For example, converting €7,000 gets you 10,357,057 KRW.

For businesses and autónomos paying abroad

Global accounts

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to South Korea.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.

Ways to fund EUR and receive KRW in South Korea

How you fund the transfer and how your recipient receives it affect the fees and how much KRW they get.

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending €7,000 gives your recipient 10,407,574.34 KRW.

For funding your transfer from Spain, you can use bank transfer, debit card, credit card, and iDEAL.

Bizum only supports domestic transfers in Spain, so it cannot send money to South Korea directly.

Pay from your Spanish bank account

Deposit your funds with a SEPA Instant (essentially your bank transfer) using your ES IBAN.

It is fast to fund the transfer, although delivery to South Korea depends on the company's payout time and delivery method.

In South Korea, the recipient can use bank deposit to receive money.

Collect cash in South Korea

Some locutorios in Spain can arrange international transfers to South Korea.

Check that the location serves South Korea and whether it accepts card or cash before visiting.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    ₩10,407,574

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    ₩10,342,017

    -₩65,557

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    ₩10,275,449

    -₩132,125

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    ₩10,243,926

    -₩163,648

What to consider when sending money from Spain

Here are a few things to know before sending money from Spain to South Korea.

Find the best EUR/KRW transfer

These are the current best options for sending €7,000 to South Korea:

Cheapest option

Use Regency FX, pay by bank transfer and choose bank deposit for the payout. Your recipient gets 10,407,574.34 KRW, which is 0.23% more than the next best option.

Fastest option

With Revolut, a bank transfer payment to bank deposit gives your recipient 10,296,524 KRW, and its delivery time is within minutes.

SEPA & KRW are different

SEPA and SEPA Instant only work within the Eurozone, and Bizum largely operates in Spain.

Sending EUR to South Korea is different because it needs a currency conversion.

SEPA or SEPA Instant can be used to fund the transfer itself (since both are in EUR), but it does not guarantee instant transfer to South Korea.

Expect questions on a large payment

Your bank or transfer company can ask for a justificante showing the source and purpose of a large or unusual transfer.

Keep the sale agreement for property, an invoice for tuition or a bank statement for savings.

Ask your bank to raise its own online transfer limit before the payment is due, rather than splitting a payment to avoid a check.

Staying safe when sending money

A payment or electronic-money institution is not the same as a bank, so do not assume its stored balance has bank deposit protection.

For bank deposits, protection normally comes from the deposit guarantee scheme in the bank's home country.

For a transfer service, check how customer money is safeguarded and avoid leaving a large balance there longer than needed.

When in doubt, use the Banco de Espana register to check the legal entity behind a transfer service.

How we analyse the market

Every company here is authorised to operate in Spain, and you can check any of them on the Banco de España register yourself. We track 7 of them on EUR to KRW, comparing fees, rates and the ways money can be paid in and collected. In the past 30 days alone, we analysed 166 comparisons across 6 amounts.

This page covers the cheapest and fastest options for EUR/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.

Pricing mostly comes straight from the companies, and anything we collect by hand is marked in the table.

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