Compare the best ways to send money from United States to South Korea

We compared 7 companies sending money from the United States to South Korea. Regency FX is the best and cheapest, while Revolut is the fastest.

Sending $7,000 with Regency FX gets your recipient 9,333,798.86 KRW at 1333.3998 KRW per USD.

Best companies for USD/KRW transfers

7 of 7 providers

Last updated on 28 October 2026

Based on 7,000 USD transfer

Best companies for USD/KRW transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee $47.24 1 USD = 1337.1000 KRW -0.01% vs mid-market Recipient gets ₩9,296,535.00 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
$47.241 USD = 1337.1000 KRW
₩9,296,535.00You pay$7,000.00
Promoted

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 1320.5602 KRW +1.24% vs mid-market Recipient gets ₩9,243,921.40 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 USD = 1320.5602 KRW
₩9,243,921.40You pay$7,000.00

Run a live search

Showing top United States to South Korea deals for 7,000 USD. Do a live search with your exact amount for today's best rates.
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee $0.00 1 USD = 1333.3998 KRW +0.27% vs mid-market Recipient gets ₩9,333,798.86 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 USD = 1333.3998 KRW
₩9,333,798.86You pay$7,000.00

OFX

Pay via Bank transfer
Fee $0.00 1 USD = 1330.3247 KRW +0.50% vs mid-market Recipient gets ₩9,312,273.00 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 USD = 1330.3247 KRW
₩9,312,273.00You pay$7,000.00

Wise

Pay via Bank transfer
Fee $47.24 1 USD = 1337.1000 KRW -0.01% vs mid-market Recipient gets ₩9,296,535.00 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
$47.241 USD = 1337.1000 KRW
₩9,296,535.00You pay$7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee $40.50 1 USD = 1332.1938 KRW +0.36% vs mid-market Recipient gets ₩9,271,402.00 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
$40.501 USD = 1332.1938 KRW
₩9,271,402.00You 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.

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 1320.5602 KRW +1.24% vs mid-market Recipient gets ₩9,243,921.40 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 USD = 1320.5602 KRW
₩9,243,921.40You pay$7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee $1.99 1 USD = 1319.2242 KRW +1.34% vs mid-market Recipient gets ₩9,234,569.40 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 USD = 1319.2242 KRW
₩9,234,569.40You pay$7,001.99
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee $1.99 1 USD = 1319.2128 KRW +1.34% vs mid-market Recipient gets ₩9,234,489.60 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 USD = 1319.2128 KRW
₩9,234,489.60You pay$7,001.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee $177.99 1 USD = 1319.2128 KRW +1.34% vs mid-market Recipient gets ₩9,234,489.60 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
$177.991 USD = 1319.2128 KRW
₩9,234,489.60You pay$7,177.99

Xe

Pay via Debit card
Fee $35.00 1 USD = 1320.5602 KRW +1.24% vs mid-market Recipient gets ₩9,197,701.79 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
$35.001 USD = 1320.5602 KRW
₩9,197,701.79You pay$7,000.00

CurrencyFair

Pay via Bank transfer
Fee $3.92 1 USD = 1311.9300 KRW +1.89% vs mid-market Recipient gets ₩9,178,262.28 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
$3.921 USD = 1311.9300 KRW
₩9,178,262.28You pay$7,000.00

Xe

Pay via Credit card
Fee $210.00 1 USD = 1320.5602 KRW +1.24% vs mid-market Recipient gets ₩8,966,603.76 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
$210.001 USD = 1320.5602 KRW
₩8,966,603.76You pay$7,000.00
How Our Results Work
Mid-market rate: 1 USD = 1337.0098 KRW Updates every 60 minutes.

How to send money from US to South Korea

Pick a company

If you're sending a one-off transfer, then Regency FX is the best option.

Regency FX was the cheapest on 24 of the 30 days it quoted $7,000 transfers to South Korea.

For recurring transfers, I'd suggest using an app or a multi-currency account with Wise.

For large transfers, a broker like Regency FX is the best option.

How much you send will affect the best option for you right now.

Pay for it

You have 3 ways to pay for your transfer to South Korea, including bank transfer, debit card, and credit card.

Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).

You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.

I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).

Check and send

First time round you'll need to confirm who you are.

An SSN isn't required, an ITIN or a foreign passport works with most companies here.

Compare amounts

How much USD are you sending to South Korea?

How much USD 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 85% of the transfers from $5,000 it quoted, and in 85% of all the transfers it quoted.

Cheapest service
$500-0.16%$0.00₩669,910.00with debit card to bank deposit+₩21,356.71
$2,000-0.16%$0.00₩2,682,040.00with debit card to bank deposit+₩63,336.13
$5,0000.26%$0.00₩6,671,150.00with remitly wallet to bank deposit+₩69,110.77
$7,000This page0.27%$0.00₩9,333,798.86with bank transfer to bank deposit+₩106,158.25
$10,0000.27%$0.00₩13,355,145.38with bank transfer to bank deposit+₩164,913.56
$50,0000.25%$0.00₩66,832,006.99with bank transfer to bank deposit+₩858,514.16
$100,0000.20%$0.00₩133,670,106.93with bank transfer to bank deposit+₩1,722,440.88
$250,0000.20%$0.00₩333,887,149.98with bank transfer to bank deposit+₩4,129,864.37

Mid-market rate: 1 USD = 1337.0098 KRW

USD/KRW Exchange Rate History

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

The cheapest way to send USD 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 USD transfers to South Korea.

KRW received for $7,000, after fees

Wed, Oct 28, 2026Mid-market rate₩9,359,068.34 Regency FX ₩9,333,798.86Regency FX₩9,333,798.86OFX₩9,312,273.00Wise₩9,296,535.00

9.1M
9.2M
9.3M
9.4M
9.5M
9.6M
At the mid-market rateWith the cheapest optionRegency FXOFXWise
Exchange rateFeeRecipient getsDifference
Mid-market rate 1357.4700 – ₩9,502,289.84
Regency FX Cheapest 1353.8048 $0.00 ₩9,476,633.66 −₩25,656.18
OFX 1350.6826 $0.00 ₩9,454,778.39 −₩47,511.45
Wise 1356.8000 $47.24 ₩9,433,505.00 −₩68,784.84
Exchange rateFeeRecipient getsDifference
Mid-market rate 1354.3950 – ₩9,480,765.22
Regency FX Cheapest 1350.7382 $0.00 ₩9,455,167.16 −₩25,598.06
OFX 1347.6231 $0.00 ₩9,433,361.40 −₩47,403.82
Wise 1354.1500 $47.24 ₩9,415,080.00 −₩65,685.22
Exchange rateFeeRecipient getsDifference
Mid-market rate 1359.0350 – ₩9,513,244.82
Regency FX Cheapest 1355.3656 $0.00 ₩9,487,559.06 −₩25,685.76
OFX 1352.2398 $0.00 ₩9,465,678.59 −₩47,566.23
Wise 1358.9000 $47.24 ₩9,448,106.00 −₩65,138.82
Exchange rateFeeRecipient getsDifference
Mid-market rate 1351.0400 – ₩9,457,279.90
Regency FX Cheapest 1347.3922 $0.00 ₩9,431,745.25 −₩25,534.65
OFX 1344.2848 $0.00 ₩9,409,993.50 −₩47,286.40
Wise 1351.4000 $47.24 ₩9,395,960.00 −₩61,319.90
Exchange rateFeeRecipient getsDifference
Mid-market rate 1343.9750 – ₩9,407,825.27
Xe Cheapest 1346.5899 $0.00 ₩9,426,129.30 +₩18,304.03
Regency FX 1340.3463 $0.00 ₩9,382,424.14 −₩25,401.13
OFX 1337.2552 $0.00 ₩9,360,786.15 −₩47,039.12
Wise 1342.5800 $47.24 ₩9,334,637.00 −₩73,188.27
Exchange rateFeeRecipient getsDifference
Mid-market rate 1343.1904 – ₩9,402,332.68
Xe Cheapest 1346.5899 $0.00 ₩9,426,129.30 +₩23,796.62
Regency FX 1339.5638 $0.00 ₩9,376,946.38 −₩25,386.30
OFX 1336.4744 $0.00 ₩9,355,321.02 −₩47,011.66
Wise 1342.5800 $47.24 ₩9,334,637.00 −₩67,695.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1345.7802 – ₩9,420,461.24
Xe Cheapest 1346.5899 $0.00 ₩9,426,129.30 +₩5,668.06
Regency FX 1342.1466 $0.00 ₩9,395,025.99 −₩25,435.25
OFX 1339.0513 $0.00 ₩9,373,358.93 −₩47,102.31
Wise 1345.0500 $47.24 ₩9,351,810.00 −₩68,651.24
Exchange rateFeeRecipient getsDifference
Mid-market rate 1342.4196 – ₩9,396,936.93
Regency FX Cheapest 1338.7950 $0.00 ₩9,371,565.20 −₩25,371.73
OFX 1335.7075 $0.00 ₩9,349,952.25 −₩46,984.68
Wise 1343.0000 $47.24 ₩9,337,557.00 −₩59,379.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1338.5604 – ₩9,369,922.47
Regency FX Cheapest 1334.9462 $0.00 ₩9,344,623.68 −₩25,298.79
OFX 1331.8676 $0.00 ₩9,323,072.86 −₩46,849.61
Wise 1338.9000 $47.24 ₩9,309,050.00 −₩60,872.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 1339.9202 – ₩9,379,441.27
Regency FX Cheapest 1336.3024 $0.00 ₩9,354,116.78 −₩25,324.49
OFX 1333.2206 $0.00 ₩9,332,544.06 −₩46,897.21
Wise 1340.1500 $47.24 ₩9,317,741.00 −₩61,700.27
Exchange rateFeeRecipient getsDifference
Mid-market rate 1342.8103 – ₩9,399,672.25
Regency FX Cheapest 1339.1847 $0.00 ₩9,374,293.14 −₩25,379.11
OFX 1336.0963 $0.00 ₩9,352,673.89 −₩46,998.36
Wise 1342.6100 $47.24 ₩9,334,845.00 −₩64,827.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1340.8804 – ₩9,386,162.68
Regency FX Cheapest 1337.2600 $0.00 ₩9,360,820.04 −₩25,342.64
OFX 1334.1760 $0.00 ₩9,339,231.87 −₩46,930.81
Wise 1340.3800 $47.24 ₩9,319,340.00 −₩66,822.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1340.4404 – ₩9,383,082.68
Regency FX Cheapest 1336.8212 $0.00 ₩9,357,748.36 −₩25,334.32
OFX 1333.7382 $0.00 ₩9,336,167.27 −₩46,915.41
Wise 1340.3800 $47.24 ₩9,319,340.00 −₩63,742.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1332.6007 – ₩9,328,205.12
Xe Cheapest 1333.2770 $0.00 ₩9,332,939.00 +₩4,733.88
Regency FX 1329.0027 $0.00 ₩9,303,018.96 −₩25,186.16
OFX 1325.9377 $0.00 ₩9,281,564.09 −₩46,641.03
Wise 1332.8000 $47.24 ₩9,266,639.00 −₩61,566.12
Exchange rateFeeRecipient getsDifference
Mid-market rate 1342.7801 – ₩9,399,460.86
Regency FX Cheapest 1339.1546 $0.00 ₩9,374,082.32 −₩25,378.54
OFX 1336.0662 $0.00 ₩9,352,463.56 −₩46,997.30
Wise 1343.2000 $47.24 ₩9,338,947.00 −₩60,513.86
Exchange rateFeeRecipient getsDifference
Mid-market rate 1334.8987 – ₩9,344,291.16
Regency FX Cheapest 1331.2945 $0.00 ₩9,319,061.57 −₩25,229.59
OFX 1328.2242 $0.00 ₩9,297,569.70 −₩46,721.46
Wise 1335.2000 $47.24 ₩9,283,325.00 −₩60,966.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 1342.8804 – ₩9,400,162.62
Regency FX Cheapest 1339.2546 $0.00 ₩9,374,782.18 −₩25,380.44
OFX 1336.1660 $0.00 ₩9,353,161.80 −₩47,000.82
Wise 1343.1000 $47.24 ₩9,338,252.00 −₩61,910.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 1331.8702 – ₩9,323,091.16
Xe Cheapest 1331.0913 $0.00 ₩9,317,639.10 −₩5,452.06
Regency FX 1328.2741 $0.00 ₩9,297,918.82 −₩25,172.34
OFX 1325.2108 $0.00 ₩9,276,475.71 −₩46,615.45
Wise 1331.9000 $47.24 ₩9,260,381.00 −₩62,710.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 1334.6104 – ₩9,342,272.68
Xe Cheapest 1331.0913 $0.00 ₩9,317,639.10 −₩24,633.58
Regency FX 1331.0069 $0.00 ₩9,317,048.54 −₩25,224.14
OFX 1327.9373 $0.00 ₩9,295,561.32 −₩46,711.36
Wise 1334.2500 $47.24 ₩9,276,720.00 −₩65,552.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1334.7404 – ₩9,343,182.68
Regency FX Cheapest 1331.1366 $0.00 ₩9,317,956.09 −₩25,226.59
OFX 1328.0667 $0.00 ₩9,296,466.77 −₩46,715.91
Wise 1334.2500 $47.24 ₩9,276,720.00 −₩66,462.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1331.4898 – ₩9,320,428.93
Regency FX Cheapest 1327.8948 $0.00 ₩9,295,263.77 −₩25,165.16
OFX 1324.8324 $0.00 ₩9,273,826.78 −₩46,602.15
Wise 1331.5500 $47.24 ₩9,257,948.00 −₩62,480.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1325.9295 – ₩9,281,506.79
Regency FX Cheapest 1322.3495 $0.00 ₩9,256,446.73 −₩25,060.06
OFX 1319.2999 $0.00 ₩9,235,099.26 −₩46,407.53
Wise 1326.8500 $47.24 ₩9,225,270.00 −₩56,236.79
Exchange rateFeeRecipient getsDifference
Mid-market rate 1324.0498 – ₩9,268,348.44
Regency FX Cheapest 1320.4748 $0.00 ₩9,243,323.90 −₩25,024.54
OFX 1317.4295 $0.00 ₩9,222,006.70 −₩46,341.74
Wise 1324.0500 $47.24 ₩9,205,802.00 −₩62,546.44
Exchange rateFeeRecipient getsDifference
Mid-market rate 1321.7699 – ₩9,252,389.11
Regency FX Cheapest 1318.2011 $0.00 ₩9,227,407.66 −₩24,981.45
OFX 1315.1610 $0.00 ₩9,206,127.17 −₩46,261.94
Wise 1321.7000 $47.24 ₩9,189,463.00 −₩62,926.11
Exchange rateFeeRecipient getsDifference
Mid-market rate 1326.3498 – ₩9,284,448.73
Regency FX Cheapest 1322.7687 $0.00 ₩9,259,380.71 −₩25,068.02
OFX 1319.7181 $0.00 ₩9,238,026.48 −₩46,422.25
Wise 1326.5500 $47.24 ₩9,223,184.00 −₩61,264.73
Exchange rateFeeRecipient getsDifference
Mid-market rate 1323.7604 – ₩9,266,322.68
Regency FX Cheapest 1320.1862 $0.00 ₩9,241,303.61 −₩25,019.07
OFX 1317.1416 $0.00 ₩9,219,991.07 −₩46,331.61
Wise 1323.4700 $47.24 ₩9,201,769.00 −₩64,553.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1323.5250 – ₩9,264,675.27
Regency FX Cheapest 1319.9515 $0.00 ₩9,239,660.65 −₩25,014.62
OFX 1316.9074 $0.00 ₩9,218,351.90 −₩46,323.37
Wise 1323.4700 $47.24 ₩9,201,769.00 −₩62,906.27
Exchange rateFeeRecipient getsDifference
Mid-market rate 1322.9404 – ₩9,260,582.71
Regency FX Cheapest 1319.3684 $0.00 ₩9,235,579.14 −₩25,003.57
OFX 1316.3257 $0.00 ₩9,214,279.80 −₩46,302.91
Wise 1323.1800 $47.24 ₩9,199,753.00 −₩60,829.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 1325.2150 – ₩9,276,504.69
Regency FX Cheapest 1321.6369 $0.00 ₩9,251,458.13 −₩25,046.56
OFX 1318.5889 $0.00 ₩9,230,122.17 −₩46,382.52
Wise 1325.3500 $47.24 ₩9,214,840.00 −₩61,664.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 1337.0098 – ₩9,359,068.34
Regency FX Cheapest 1333.3998 $0.00 ₩9,333,798.86 −₩25,269.48
OFX 1330.3247 $0.00 ₩9,312,273.00 −₩46,795.34
Wise 1337.1000 $47.24 ₩9,296,535.00 −₩62,533.34

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.

Understanding USD/KRW exchange rate

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 USD 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 4 of the last 30 days.

Right now, Regency FX pays 9,333,798.86 KRW on 7,000 USD, which is 25,269.48 KRW less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 9,487,559.06 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 207 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

  1. Regency FXAppeared in 117 comparisons

    Cheapest in 85% of them

  2. OFXAppeared in 205 comparisons

    Cheapest in 4% of them

  3. WiseAppeared in 205 comparisons

    Never the cheapest

Based on 207 comparisons across 8 amounts over the last 30 days.

Is the cheapest money transfer company always the best?

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 Regency FX is the cheapest and gets you the most KRW, and it was also the cheapest in 85% of the 117 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to South Korea.

OFX (today's second cheapest) was the cheapest in only 4% of its comparisons, so it's rarely the cheapest option for transfers to South Korea.

Ways to send money from the US to South Korea

There are 7 companies available for sending money from the US to South Korea, across broker, app, online, multi-currency account, global account, and in person, and more.

For regular transfers home

Money transfer apps

If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.

Wise charges $47.24 on a $7,000 transfer with -0.01% markup, saves your recipient's details for next time, and KRW arrives in same day.

Over the past month, Wise was the cheapest app on 67% of the days it appeared for $7,000 transfers.

Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.

For one-off transfers

Online transfers

For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to South Korea.

Of all online companies listed here, Wise gets you the most KRW per USD.

On a $7,000 transfer, you will get 9,296,535 KRW after a $47.24 fee and -0.01% markup.

In our comparisons over the past month, it was the cheapest online service on 20 of the 30 days it quoted.

But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.

For transfers over $10,000

Currency brokers

For large transfers to South Korea (e.g. a property purchase, tuition, or moving to South Korea), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/KRW that gets lower the more you send.

Our analysis shows Regency FX was the cheapest broker in 85% of the transfers from $5,000 it quoted.

It's also good to check Wise since you get a bulk discount on transfers over $25,000.

Business payments from the US

Global accounts

Global accounts are for US businesses paying people abroad.

Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.

Holding & spending currencies

Multi-currency accounts

A multi-currency account like Wise is the best for holding and receiving KRW.

This is useful for traveling to South Korea, building up KRW balance, or receiving payments in KRW.

Wise converts $7,000 at -0.01% markup plus small fee and holds the KRW until you spend it.

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

Ways to fund USD and receive KRW in South Korea

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 9,333,798.86 KRW.

Deposit USD by bank transfer, debit card, and credit card.

The simplest way is to pay from your US checking account

Pay by bank transfer using your routing and account numbers.

An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to South Korea.

Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to South Korea.

Your recipient in South Korea can collect KRW through bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay $7,000.00

    ₩9,333,799

    Cheapest

  2. 2
    Credit card Bank deposit

    You pay $7,177.99

    ₩9,234,490

    -₩99,309

  3. 3
    Debit card Bank deposit

    You pay $7,001.99

    ₩9,234,490

    -₩99,309

Things to consider before sending USD to South Korea

The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.

Find the right USD/KRW company

Cheapest way to send money to South Korea

The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,333,798.86 KRW, which is 0.23% more than the next best option.

Fastest way to send money to South Korea

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 9,271,402 KRW, with the money arriving in within minutes.

Cash-funded transfers now carry a 1% tax

Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.

Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.

The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.

The $10,000 rule is not a transfer limit

There is no federal cap on how much of your own money you can send electronically abroad.

Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.

Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.

Do not split cash transactions to avoid a report.

You normally have 30 minutes to cancel

The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.

You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.

You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.

Contact the company first and keep the receipt.

The CFPB explains the cancellation and error process.

Need to send a large amount of USD to South Korea?

For transfers over $10,000, Wise is the best option.

It offers the best exchange rate, which is more important than the fee for large transfers to South Korea.

While Wise may not always be the cheapest or fastest way to send KRW, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.

Read Review

How we analyze the market

We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between South Korea and United States.


We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 207 comparisons across 8 amounts.

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

For a deeper understanding of our commitment to integrity and transparency, check out these articles:

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