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Greg

08 Aug 2020

∙

Cheapest way to transfer from Korea to Singapore?

My wife is korean and she is trying to do regular transfers from her bank in korea to Singapore.
She has been directly withdrawing with her ATM that charges about $5 but I’m pretty sure the exchange is beyond terrible.

Revolut and transferwise doesn’t allow direct receipts of Korean Won so that’s unfortunately out.

Thanks!

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Samuel Yap

05 Aug 2020

Software Engineer at Seedly

One option you may want to consider is TransferWise (an online money transfer service) which has support for the KRW (South Korean won). The recipient need not have a TransferWise account, just a bank account.

I have used TransferWise to transfer from Singapore to China and the process was hassle - free.

Follow the steps listed here to begin: https://transferwise.com/gb/blog/how-does-trans...

As their website quotes: "Just tap in how much, and where to. Then make a local payment to TransferWise, whether it's with a bank transfer, swift or your debit or credit card. And that's it."

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