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Best choice: Panda Remit
We tested & reviewed dozens of money transfer providers, and Panda Remit scored highly.
Panda Remit appeared in 88.5% of South Korea to the United States searches in the last 6 months, and was the top rated company out of 6 that support KRW to USD.
So for a great blend of cost, speed & features, make your South Korea to the United States transfer using Panda Remit.
How to get the best deal on sending money from South Korea to United States
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from South Korea to United States.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Korea and United States.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the United States.
Summary of recent searches
Get the most from sending money from South Korea to United States
Comparing providers offering services between South Korea and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire KRW-USD market and have compared 6 providers offering services between South Korea and the United States.
This ensures you will get the most comprehensive options for sending Won to the United States.
Whilst we rate Panda Remit as the best overall for transfers between the two countries, comparing gives you the best idea for your specific South Korea to the United States transfer needs.
Cheapest way to send money from South Korea to the United States: Panda Remit
On average, Panda Remit fees were 4* KRW per transfer and customers would expect an exchange rate between KRW-USD that is 0.3% different to the mid-market rate
Against the others tested, Panda Remit is 0% cheaper than the second-best option.
To secure a cheap way to transfer KRW to the United States, Panda Remit is our recommendation.
*The most common fee applied to KRW-USD by Panda Remit, based on data from the past six months.
Fastest money transfers to the United States from South Korea: Panda Remit.
Through our comparison, we found Panda Remit to be the fastest option for sending Won to US Dollar 90.2% of the time. For fast transfers between KRW and USD, Panda Remit is a great option.
When sending money from South Korea to the United States, Panda Remit has an average fee of 4 KRW. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 6 money transfer providers offering South Korea to the United States transfers for overall speed. This included transfer times to after depositing Won to a money transfer account.
When you want the fastest way to send, Panda Remit is our recommended choice for South Korea to the United States transfers.
Sending a large amount of money?
Of the 6 providers compared, Panda Remit is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Panda Remit may not always be the fastest or cheapest way to send money from South Korea to United States, it's a great provider for things like buying or selling property.
Understanding the cost of money transfers from South Korea to United States
The total cost of sending money to United States from South Korea is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for KRW-USD is 0.0007 USD per Won.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Wons.
Over the last three months, the average KRW-USD mid-market rate has seen each Won worth 0.0007 USD. Within this we see a high of 0.0008, and a low of 0.0007.
Of the 6 companies compared, Panda Remit offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting KRW to USD.
Fees: When sending money you may have to pay fees. Panda Remit has had an average fee of 4 KRW per transfer over the last 6 months, the lowest of the 6 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from South Korea.
Track the exchange rate for Won to US Dollar
Sending money at the right time between KRW and USD can make a huge difference to overall cost. The exchange rate impacts how much USD you get for your KRW.
Over the last six months, the average numbers are:
The exchange rate from KRW to USD averaged 0.0007 USD.
The highest value recorded was 0.0008 USD, while the lowest was 0.0007 USD.
6 providers currently offer transfers between South Korea and the United States close to this rate
Want to secure the best KRW-US Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from South Korea to United States!
South Korea to United States money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from South Korea to the United States.
A money transfer company like Panda Remit offer bank transfers between South Korea and the United States 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 6 we tested when sending KRW to the United States.
Panda Remit has an average fee of
4 KRW for money transfersfrom South Korea to the United States. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Korea to the United States with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from South Korea to the United States, competing among a total of 6 active money transfer companies on this route.
Credit cards
is our top choice of the 6 companies offering credit card transfers from South Korea to the United States.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 United States and South Korea.
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 South Korea to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send KRW to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
