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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 96% of United States to South Korea searches, and was the top rated company out of 9 that support USD to KRW.
So for a great mix of cost, speed & features, make your United States to South Korea transfer using Wise.
How to get the best deal on your United States to South Korea transfer
Summary of recent searches
Important things to consider before sending money from United States to South Korea
Don't settle for the first option. Always compare ways to send money from United States to South Korea to find out about 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 United States when you need to send money to South Korea.
Cheapest way to send money to South Korea from United States: XE
Data collected over the past six months show that XE is % cheaper than the second-best option.
The $1.79 transfer cost represents the most common fee for USD to KRW international transfers, based on data from the past six months.
If you want to secure the best rates on a USD to South Korea transfer, make sure you pick XE to send your money online.
*The most common fee applied to USD-KRW by XE, based on data from the past six months.
Fastest way to send money from United States to South Korea: Wise
Our data shows that Wise came up as the fastest way to send money from United States to South Korea in 76.6% of searches. This makes them well suited to urgent USD to KRW money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from United States to South Korea - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to South Korea from United States in 76.6% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send USD from United States to South Korea, it’s the provider that will keep you safe and relaxed while your money moves into KRW.
Understanding the costs involved when moving money from United States to South Korea
When calculating the costs of money transfers between United States and South Korea, here's what really matters:
The Mid-Market Rate: Today, the USD-KRW mid-market rate equals to 1380.13983 KRW per US Dollar. Keep in mind that this rate fluctuates all the time.
The USD-KRW average exchange rate of the past three months has been 1330.2972 KRW per US Dollar, with a high of 1361.4297 and a low of 1287.815.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent USD to KRW rates that are only -0.02% away from the average.
How to find the best exchange rate for US Dollar to Won
Timing is essential sending money between USD and KRW. The exchange rate you secure impacts how much KRW you get for your USD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from USD to KRW has seen some fluctuation. On average, it stood at 1330.2972.
During this period, the highest value recorded was 1361.4297, while the lowest was 1287.815.
Wise, which is our recommended service to send money online from United States to South Korea offers an exchange rate that is only -0.01% above the mid-market rate.
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Payment methods available to fund your United States to South Korea transfer
Bank transfers
Bank transfers are often the default option for sending money from United States to South Korea.
By using a money transfer company such as XE for transfers from United States to South Korea, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, XE is the cheapest provider for bank transfers from the 9 we tested when sending USD to South Korea.
With an average fee of USD0.86 to send money from United States to South Korea, XE offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from 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 United States to South Korea, competing among a total of 9 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from United States to South Korea, Instarem emerges as our top choice of the 9 companies offering this service.
Our comparison engine's last six months of data on USD to KRW searches show Instarem has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. 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.
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.
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