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South Korea RemittanceSpeed Remittance

Amount
Account Type
Account Type
Other bank charges (2,500JPY)	Pay by beneficiary Pay by myself Not available
For the international fund transfer, 「Other bank charges」For the international remittance, there may be fees, the intermediary and receiving bank fee. Those fees will be deducted from the original remittance amount when the beneficiary receives the funds.Note that a intermediary bank may be changed even if you remit the funds to the same bank. Thus, the 「Other bank charges」 could differ each time you remit. Also note that the 「Other bank charges」 can be changed at their own discretion. will be paid, the intermediary and receiving bank fee. ※If you wish to pay those fees by yourself, please select 「Pay by myself」 (2,500JPY) on 「Other bank charges」 section. (Please note that we can not provide this service in Canada and South American countries and the following banks. (Morgan Stanley・CHASE BANK・US BANK・MIZUHO BANK (SWITZERLAND)・FBME BANK・GOLOMT BANK (MONGOLIA)・FIRST HAWAIIAN BANK)
Total amount in JPY （Reference amount for deposit）

Remittance fee for ({0}) today

Amount（{1}）	Fee

Estimated time of arrival

Generally within 24 hours

View details

Remittance fee
Amount in JPY
Exchange rate
※*Simulation results are calculated based on current exchange rates for reference purposes, and are not a guarantee of amounts for an actual transfer. ※When sending foreign currency, we recommend depositing more funds than the simulation results. (Withdrawal fees for remaining funds will be borne by PayForex.)

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About South Korea Remittance

South Korea Speed Remittance

Speed Remittance for local currency (KRW) is possible.
Speed Remittance generally arrives within 24 hours after the transfer request is received. (Weekends, holidays and local bank holidays are excepted.)

How to remit

After you activate your PayForex account, you can send remittance request through customer page “myPay”. 3 steps for speed remittance without exchange operation.
※If you are remitting other currencies to South Korea other than KRW, please follow “Transaction process” as standard remittance.

STEP1: Deposit

Firstly, deposit into PayForex account. If you use for “Speed Deposit“, you can deposit after you confirm the transfer currency and amount on “STEP3: Remittance instruction”. Please select the deposit methods based on your needs.

STEP2: Register a beneficiary bank account

STEP3: Remittance instruction

Send remittance request via [Remittance]. Input either JPY amount or KRW amount. It will automatically exchange so there is no need to do exchange in advance. Moreover, if you haven’t deposited or there is not enough on your balance, you could always use “Speed Deposit“.

Terms of use / Restrictions

South Korea Speed Remittance

Items	Contents
Sender	Must open PayForex account (Individual and Corporate)
Beneficiary	Domestic bank account holder in South Korea (Individual and Corporate) . ※When beneficiary is individual, birth date and phone number are necessary.
Transfer currency	KRW only ※Beneficiary account is limited to KRW account. Other currency account (e.g. JPY) will not be applied.
Estimated time of arrival	Generally within 24 hours
Fees	Please check “Remittance fee for (KRW) today” on this page.
Other bank charges	There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service	Available
Others	※ If remittance is between individuals, remittance amount limits to 5,000,000 KRW per transaction. However, in the case of remittance exceeding 1,000,000 KRW, it is necessary to submit the identification documents of the beneficiary. [How to submit] PayGate, our Korean financial partner, will make SMS request to the beneficiary’s mobile phone. The beneficiary should upload an ID image from the link in the SMS. (The remittance amount limits to 50,000,000 KRW per year)

South Korea Standard Remittance

Items	Contents
Sender	Must open PayForex account (Individual and Corporate)
Beneficiary	Domestic bank account holder in South Korea (Individual and Corporate) .
Transfer currency	USD only
Estimated time of arrival	1-3 business days
Fees	Please check “List of transfer fees” .
Other bank charges	There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service	Available