How to send money to South Korea from US with the best USD-KRW rate
Compare the best deals on transfers from the United States to South Korea. Explore the cheapest, fastest, and most reliable providers with the best USD to KRW exchange rates.
Read on for the insights and in-depth analysis, and all you need to send money to South Korea from United States.
Transferring the other way? Send KRW from South Korea to United States instead.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Overall best way: Wise
We tested & reviewed 10 transfer providers, and Wise scored highly.
Sending 7,000 USD to KRW will cost you $47.31 in fees, and you will get 10,240,617 KRW. The delivery time is same day, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your United States to South Korea transfer using Wise.
How to compare deals on your United States to South Korea transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from the United States to South Korea.
Choose a provider
Select the provider that offers you the best value & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to South Korea from the United States.
Summary of recent searches
Considerations for sending money from United States to South Korea
Always compare ways to send money from the United States to South Korea to get the best options for fees, speed, and reliability.
Our analysis included 10 providers that operate between United States and South Korea.
Through this, you get a comprehensive view of all the options you have in the United States when you need to send money to South Korea.
Cheapest way to transfer money to South Korea from the United States: MoneyGram
Of the 10 providers compared, data shows that MoneyGram is -9.7% cheaper than the second-best option.
The is cost is made up of USD-KRW exchange rate that is 2% different to the mid-market rate and the a of 490.00000000000006 USD.
If you want to secure the best rates on a USD to South Korea transfer, MoneyGram will result in the most Won received.
Fastest money transfers from United States to South Korea: Wise.
Based on our recent data, transfer time for a $7,000 transfer to South Korea with Wise is same day. This can vary by amount and method, but it is a good point of reference.
Sending money from the United States to South Korea through Wise will cost you 47.31 USD in fees & small markup.
Wise was one of 10 money transfer providers we compared for overall speed of sending money from the United States to South Korea. This speed test included depositing US Dollars to an account and the average timeframe for sending money to South Korea.
When fast transfers are a priority, Wise is our best choice for sending from United States to South Korea.
The best apps to send USD to South Korea from United States
Most money transfer companies have apps you can use to send money abroad.
We've compared and analyzed over 10 apps & companies for USD/KRW transfers and these are the best apps we found. All these apps are available on iOS and Android for free.
App | Rating | Mobile wallet |
|---|---|---|
iOS: 4.6 / 951 reviews Android: 3.7 / 1.06K reviews | Yes (17 currencies) | |
iOS: 4.8 / 2.6K reviews Android: 4.4 / 4.19K reviews | Yes (30+ currencies) | |
iOS: 4.9 / 2.3M reviews Android: 4.8 / 1.29M reviews | Yes (Remitly One) | |
iOS: 4.8 / 158K reviews Android: 4.8 / 1.52M reviews | Yes (40+ currencies) | |
iOS: 4.8 / 108.4K reviews Android: 4.8 / 346K reviews | No | |
iOS: 4.9 / 936K reviews Android: 4.8 / 3.64M reviews | Yes (39 currencies) |
Send large sums of money abroad with Currencies Direct
From the 10 options we compared, Currencies Direct offers the strongest all-round option for large transfers to South Korea from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Wons to Won.
As such, we recommend Currencies Direct for large South Korea transfers.
Understanding the cost of transferring money from United States to South Korea
The total cost of money transfers from United States to South Korea is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for USD-KRW is currently 1,473.91 KRW per US Dollar. Providers offering services closer to this rate will ensure more Won for your US Dollars.
To give a historic average, over the last 7 days the USD-KRW mid-market rate has been 1,471.2758 KRW per US Dollar, this has had a high of 1,473.8104 and a low of 1,466.3023.
From the 10 companies compared, Wise offers the best exchange rate on transfers to South Korea and the United States.
Generally, the exchange rate you receive on converting USD to KRW will be the biggest factor impacting the cost of sending US Dollars to South Korea.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is MoneyGram, just 490.00000000000006 USD per transfer. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Won. Simply, the higher the amount received in the United States, the lower the cost of sending from South Korea.
Track the exchange rate for US Dollar to Won
Sending money at the right time between USD and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your USD.
Over the last 7 days, the average numbers are:
The exchange rate from USD to KRW averaged 1,471.2758 KRW.
The highest value recorded was 1,473.8104 KRW, while the lowest was 1,466.3023 KRW.
10 providers currently offer transfers between the United States and South Korea close to this rate.
Want to secure the best USD-Won exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United States to South Korea!
United States to South Korea money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from the United States to South Korea.
A money transfer company like MoneyGram offer bank transfers between the United States and South Korea with lower fees and better exchange rates than you would get from a traditional bank.
On average, MoneyGram is the cheapest provider for bank transfers of the 10 we tested when sending USD to South Korea.
MoneyGram has a fee of 490.00000000000006 USD for money transfers from the United States to South Korea. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United States to South Korea with a debit or a prepaid card is very simple with Xe.
Xe is a leader in debit card payments for transfers from the United States to South Korea, competing among a total of 10 active money transfer companies on this route.
Credit cards
We recommend avoiding credit cards where possible due to a lack of support and high fees.
If you have to use a credit card, we to find the company with the lowest fees.
Fee alert: using a credit card to transfer money can result in a fee being charged by your card issuer as it is considered as a cash advance. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Korea and United States.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United States to South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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Tools & resources
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