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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.
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July 6th, 2025
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Best money transfer companies

Send money from United States to South Korea

Last updated: Today
Mid-market rate as of 07/06/2025: 1 USD = 1362.520383 KRW
Results below are based on a 7000 USD search
0 of 9 providers
Sponsored
Wise
Recipient gets (KRW)
₩9,472,971.00
Full transfer details
Visit Wise
₩221,458 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (KRW)
₩9,410,381.40
Full transfer details
Visit Xe
₩158,868 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Live Rates
Sort by:
1
Wise
Recipient gets (KRW)
₩9,472,971.00
Full transfer details
Visit Wise
₩221,458 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
2
CurrencyFair
Recipient gets (KRW)
₩9,435,155.40
Full transfer details
Visit CurrencyFair
₩183,642 better than a typical bank*

"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."

Personal account manager
Multi-currency card
Receive to bank account
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
3
Xe
Recipient gets (KRW)
₩9,410,381.40
Full transfer details
Visit Xe
₩158,868 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
4
Remitly
Recipient gets (KRW)
₩9,393,020.00
Full transfer details
Visit Remitly
₩141,507 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (KRW)
₩9,503,596.02
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • Capital One
    Capital One
    Recipient gets (KRW)
    ₩9,156,136.97
    Not recommended
  • PayPal
    PayPal
    Recipient gets (KRW)
    ₩8,780,735.36
    Not recommended
Sponsored
Wise
Recipient gets (KRW)
₩9,472,971.00
Full transfer details
Visit Wise
₩221,458 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (KRW)
₩9,410,381.40
Full transfer details
Visit Xe
₩158,868 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Overall best way: Wise

Wise is our recommended company for transferring US Dollar to South Korea.

We tested & reviewed 9 transfer providers, and Wise scored highly.

Sending 7,000 USD to KRW will cost you $47.31 in fees, and you will get 9,472,971 KRW. The delivery time is next 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.

Wise is the top rated company for sending money from United States (USD) to South Korea (KRW) - Wise Screenshot

How to compare deals on your United States to South Korea transfer

Summary of recent searches

Top rated for transfers from United States to South Korea
Wise
Total number of US - KR providers
9
Average cheapest fees & rate
Panda Remit
Average fastest transfer
Panda Remit
Average transfer time
Within minutes
Best for bank transfers
Panda Remit
Best for debit card
Xe

Considerations for sending money from United States to South Korea

1
Compare providers

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 9 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.

2
Track the US Dollar-Won exchange rate
3
Choose the right payment method
4
Use regulated providers
5
Consider transfer limits
6
How to receive money in South Korea
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to transfer money to South Korea from the United States: Panda Remit

Panda Remit offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending US Dollar to South Korea.

Of the 9 providers compared, data shows that Panda Remit is 0.14% cheaper than the second-best option.

The is cost is made up of USD-KRW exchange rate that is 0.3% different to the mid-market rate and the a of 4 USD.

If you want to secure the best rates on a USD to South Korea transfer, Panda Remit will result in the most Won received.

Fastest money transfers from United States to South Korea: Panda Remit.

Of the 9 money transfer companies tested, Panda Remit offered the quickest way to send US Dollars to South Korea.

Based on our recent data, transfer time for a $7,000 transfer to South Korea with Panda Remit is minutes - 24 hours. 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 Panda Remit will cost you 4 USD in fees & small markup.

Panda Remit was one of 9 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, Panda Remit is our best choice for sending from United States to South Korea.

Send large sums of money abroad with Currencies Direct

Transferring bigger amounts of money to South Korea from the United States needs a strong exchange rate and effective transfer management.

From the
9 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 1,363.3504 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 1,358.4173 KRW per US Dollar, this has had a high of 1,362.5204 and a low of 1,348.0301.

  • From the 9 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 Panda Remit, just 4 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.

Mid-market Rate
1 
=
1363.350383 
KRW

Over the last 7 days, the average numbers are:

  • The exchange rate from USD to KRW averaged 1,358.4173 KRW.

  • The highest value recorded was 1,362.5204 KRW, while the lowest was 1,348.0301 KRW.

  • 9 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 Panda Remit 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, Panda Remit is the cheapest provider for bank transfers of the 9 we tested when sending USD to South Korea.

    Panda Remit has a fee of 4 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 Xe.


    Xe is a leader in debit card payments for transfers from the United States to South Korea, competing among a total of 9 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 recommend comparing your options 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 document.

Money transfer company reviews

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Can I send money from United States to South Korea with MoneyTransfers.com?
What are the typical transfer fees for sending US Dollars to South Korea through various providers?
How long does it take to send money from United States to South Korea?
What is the best exchange rate I can get for sending money from United States to South Korea?
Are there any minimum or maximum transfer amounts for sending money from United States to South Korea?
Can I schedule regular transfers between United States and South Korea?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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