This coupon is exclusive for PayForex App, please start the PayForex App
Remittance simulator
South Korea
Please select your preferred receiving method
Bank account
(4.9)
In principle, local currency arrives within 24 hours
Please input the remittance amount
About remittance limitation
Remittance amount
-
Fee
0 JPY
Coupon applied
-
Rate
Amount you receive
Please select a deposit method
PayPay銀行（Direct Debit）
Balance：null
Deposit fee：
0
Transaction Summary
Overseas remittance with
PayForex App
Click here to download
Start overseas remittance in 3 easy steps
1
Register account information
2
Add Recipient Information
3
Overseas remittance procedure
Various receiving methods available
| Remittance Currency | KRW | USD |
|---|---|---|
| Sender | PayForex member(Individual and Corporate) | PayForex member(Individual and Corporate) |
| Beneficiary | Individuals and corporations with KRW bank accounts in South Korea | Individuals and corporations with USD bank accounts in South Korea |
| Remittance limitation | Remittance to Corporation: KRW equivalent to 1 million yen For individuals who are Korean nationals and residents: KRW equivalent to 1 million yen *Annual limit: KRW equivalent to 100,000 USD For individuals who are foreign nationals or non-residents: KRW equivalent to 5,000 USD *Annual limit: KRW equivalent to 50,000 USD |
Foreign currency（USD） equivalent to 1 million JPY. |
| Number of remittances | Unlimited | Unlimited |
| Days required | Generally within 24 hours | 0-2 business days |
| Remittance fee | Please check「 List of remittance fees 」 | Please check「 List of remittance fees 」 |
| Other bank charges | Available | Available |
| Others | Remittance to Individual: 1. Registration of the recipient's date of birth and mobile phone number is required. 2. For remittances exceeding 1,000,000 KRW per transaction, submission of the recipient's identity verification documents is required. [How to Submit] Our partner financial institution in South Korea, "PayGate," will send instructions via SMS to the recipient's mobile phone. Please upload your an image of your ID using link provided. 3. If the recipient is a South Korean national, they will be required to declare whether they are a resident or not. 4. If the recipient is a foreign national, they will be automatically considered as a non-resident. |
There might be other bank charges (Intermediary bank, beneficiary bank) involved. Please check “About fees” for details. |
