Question 1

What are the fees for sending money to South Korea?

Accepted Answer

Fees for sending to South Korea are flat and shown before you confirm:

• From Australia: $5.00 per transfer.

The total cost is always shown upfront before you confirm.

Question 2

What exchange rate do you offer for South Korea (KRW)?

Accepted Answer

We offer a competitive KRW rate, locked when you confirm — with no hidden margin. Check the live rate and your total cost instantly in our calculator, no sign-up required.

Question 3

How long does it take to send money to South Korea?

Accepted Answer

Transfers to South Korea via bank deposit arrive instantly (within minutes).

Question 4

What payment methods can I use to send money to South Korea?

Accepted Answer

From Australia
• Bank Transfer — Direct transfer from your Australian bank account. The in-app "Remitter Wallet" option is a prepaid top-up that is also funded by bank transfer.

Question 5

How does my recipient receive money in South Korea?

Accepted Answer

Your recipient in South Korea can receive funds via:

• Bank deposit (KRW) — paid directly into your recipient's bank account.

Question 6

Are there reporting or tax obligations on money received in South Korea?

Accepted Answer

Any reporting obligations that apply on the recipient's side in South Korea are handled by our licensed payout partner there, which we have no direct control over. Kangaroo Service only works with licensed entities in every jurisdiction we operate in, so where a reporting obligation applies to your transfer, our payout partner will fulfil it as required.

Whether a particular transfer needs to be declared depends on your recipient's individual circumstances. For any taxation implications on either side of the transfer, we suggest you consult your accountant or tax adviser.

Question 7

What details do I need to send money to South Korea?

Accepted Answer

To send money to a bank account in South Korea, you'll typically need:

• Recipient's full name — as registered with their bank.
• Bank name — the receiving bank in South Korea.
• Account number — the recipient's account number at that bank.

Funds are paid out to the recipient's bank account. Please confirm the name, bank, and account number carefully with your recipient before sending, as the payout is delivered to the account details you provide.

If you're unsure about any of the details, please contact us and we'll help.

Question 8

Which South Korean banks can I send money to?

Accepted Answer

Kangaroo Service pays out to bank accounts across South Korea, covering the major nationwide banks, regional banks, and the popular internet-only banks. Commonly used options include Kookmin Bank (KB), Shinhan Bank, Woori Bank, KEB Hana Bank, NH (Nonghyup) Bank, Kakao Bank, and K Bank. You'll need your recipient's bank name and account number to send to South Korea.

See the full list of supported South Korean banks

• Korea Development Bank • Busan Bank • Industrial Bank of Korea • Kookmin Bank • Jeju Bank • Suhyup Bank • Kyongnam Bank • NH Bank — Nonghyup Bank • Woori Bank • Standard Chartered First Bank Korea • Shinhan Bank • Daegu Bank • KEB Hana Bank • Citi Bank • K Bank • Kakao Bank • JeonBuk Bank • Korea Post Office • National Credit Union Federation of Korea • Korea Federation of Community Credit Cooperative • Kwangju Bank

If your recipient's bank isn't listed, please contact us — coverage updates regularly.

The Easier Way to Send Money to South Korea

How to Pay for Your Transfer to South Korea

Bank Transfer

How Your Recipient Will Receive the Money in South Korea

Bank Deposit

How much does it cost to send money from Australia to South Korea?

Fixed Transfer Fee

Transparent Pricing

Frequently Asked Questions

Ready to Send Money?