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"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"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."
Overall best way: Wise
We tested & reviewed 15 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 94% of United States to South Korea searches, and was the top rated company supporting payments the United States into Won.
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 15 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: Revolut
Of the 15 providers compared, data shows that Revolut is % cheaper than the second-best option.
The is cost is made up of an average USD-KRW exchange rate that is 0.11% different to the mid-market rate and an average fee of 0* USD.
If you want to secure the best rates on a USD to South Korea transfer, Revolut will result in the most Won received.
*The most common fee applied to USD-KRW by Revolut, based on data from the past six months.
Fastest money transfers from United States to South Korea: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United States to Won in 46.8% of instances.
Over the last six months, sending money from the United States to South Korea through Wise have an average fee of 18.54 USD.
Wise was one of 15 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.
Send large sums of money
From the 15 options we compared, Wise 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 Wise for large transfers between South Korea and the United States.
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 1,447.8797 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 three months the USD-KRW mid-market rate has been 1,365.5905 KRW per US Dollar, this has had a high of 1,404.5499 and a low of 1,307.175.
From the 15 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 Revolut at an average of 0 USD per transfer over the last 6 months. 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 six months, the average numbers are:
The exchange rate from USD to KRW averaged 1,365.5905 KRW.
The highest value recorded was 1,404.5499 KRW, while the lowest was 1,307.175 KRW.
15 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 Revolut 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, Revolut is the cheapest provider for bank transfers of the 15 we tested when sending USD to South Korea.
Revolut has an average fee of
0 USD for money transfersfrom 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 Wise.
Wise is a leader in debit card payments for transfers from the United States to South Korea, competing among a total of 15 active money transfer companies on this route.
Credit cards
Instarem is our top choice of the 15 companies offering credit card transfers from the United States to South Korea.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 document.
Money transfer company reviews
