Transfer to South Korea

Need to send money to South Korea in Real-Time? Whether supporting your loved ones, paying tuition or sending funds to partners, ABA Mobile puts South Korea instantly within reach.

Forget the hassle of agents, paperwork, or long waiting time for funds to arrive. Through our collaboration with E9Pay Co., Ltd in South Korea, you can enjoy fast, seamless, and secure transfers directly from your ABA Bank account to your recipient’s preferred Korean Bank anytime and anywhere using ABA Mobile.

It's simple, instant, and cost-effective!

Why choose ABA Mobile for your funds transfer to South Korea?

24/7 Accessibility: Send money anytime and from anywhere with a few taps on ABA Mobile.

Instant Magic: Funds reach South Korea quickly, surprising your loved ones with instant joy or saving your business partner's day!

Send in Korean Won: Send Korean Won directly from your USD account, ensuring your recipient receives the exact Korean Won amount you send without any conversion hassles¹.

No hidden costs and deductions: See our competitive rates and transparent fees before you tap Transfer.

_{¹ If the recipient bank in South Korea rejects the transfer, rest assured, the full amount will be returned to your ABA account in USD.}

How it works?

Tap Transfers on the ABA Mobile's main screen;
Choose Transfer to South Korea under section International Transfer;
Pick your ABA account and enter all relevant information for the transaction;
Read and agree to the Terms and Conditions of the service;
Tap Transfer and confirm the transaction with your 4-digit ABA Mobile PIN.

Transfer Fees

Mode of Transfer	Amount in USD Equivalent	Fees (USD)
To Bank Account	10.00 – 1,000	5.00
	1,000.01 – 2,500	8.00
	2,500.01 – 5,000	15.00

Limitation

Transaction Limit

Minimum per transaction: 10.00 USD
Maximum per transaction: 5,000.00 USD

Daily Limit

Maximum per day: 10,000.00 USD

List of beneficiary banks

Industrial Bank of Korea (IBK)
KEB-Hana Bank
Shinhan Bank
KB Kookmin Bank
NH Bank
Regional NongHyup
Woori Bank
Standard Chartered Jeil Bank
SuHyup Bank
DGB Daegu Bank
BNK Busan Bank
Kwang Ju Bank
Jeju Bank
Jeon Buk Bank
BNK Kyongnam Bank
Citi Bank Korea
KDB Bank
K Bank
Kakao Bank
MG Community Credit Cooperatives
POST Office
National Credit Union Federation of Korea
National Forest Cooperative Federation
Korea Federation of Services Banks
Toss Bank

FAQs

1. What is “Transfer to South Korea” service?

Transfer to South Korea is a direct outward transfer service provided by ABA Bank, allowing you to send funds directly from your ABA account to a recipient in any bank account in South Korea. This service ensures efficiently and securely in Korean Won (KRW) ensuring smooth outward remittance experience.

2. How much can I transfer per transaction per day?

The transfer amount is from USD 10.00 to USD 5,000 per transaction, with a maximum limit of USD 10,000 per day.

3. How much can I transfer per month?

The monthly limit is determined by the receiver’s bank. Please check with the respective bank for information on their specific monthly transfer limits.

4. If my transaction has been refunded by the receiver’s bank due to incorrect information, will ABA return the amount of the fee charge?

ABA will return only the transferred amount upon receiving it from receiver's bank; the transfer fee cannot be returned.

5. How can the beneficiary receive the funds I transferred to them?

The funds will be credited directly to the beneficiary’s bank account in Korean Won.

6. How long does it take for funds to reach the receiver in South Korea?

ABA Mobile ensures seamless transfer. The fund will be credited directly to the beneficiary’s bank account instantly or on the next business day (subject to receiver bank’s rules).

7. How many channels can I use to make a transfer?

ABA Mobile is the only available channel for you to make a direct fund transfer to South Korea via this service.

8. Can I amend or cancel the transaction?

Once the transaction has been successfully submitted, it cannot be amended or cancelled. For further assistance, please contact us at [email protected].

9. Can I transfer from my KHR account?

This service is applicable for both USD and KHR account.

10. Which banks in South Korea can I transfer to?

There are many banks in South Korea that you can directly transfer funds to with our service. You will be able to use the search function when you initiate a fund transfer to South Korea via this service in ABA Mobile and choose the bank that fits your receiver.

11. Why my transaction is unsuccessful and get rejected?

The transaction may be rejected for the following reasons:

The transfer amount has exceeded the maximum limit.
Receiver’s information is insufficient.
Transaction cannot be processed due to ABA Bank’s money transfer policy.

In case of a rejected transaction, please contact us at [email protected] for further assistance. Our support team is ready to help resolve any issue you may encounter.

12. When is the cut-off time for money transfer to South Korea?

With ABA Mobile, you can transfer funds to South Korea at any time of the day. The recipient can access the fund immediately, depending on the operating hours of their bank or their preferred method of account access.

13. Can I track the payment status?

Yes, you can track the status of your transaction in the ABA Mobile app under the transaction history section.

14. Can I repeat a payment to the same recipient in the future?

Absolutely! We've made it easy for you to streamline your future transfers. Save your transaction details as a template for easier transfers by using the toggle when initiating your first transfer, or schedule transfers to provide regular support to your loved ones using the Schedules function on the app’s main screen.

General Terms and Conditions, General Terms and Conditions for Online Services, and ABA Mobile Terms and Conditions apply. You need Adobe Reader to view these PDF files.

Transfer​ to​ South​ Korea

Why​ choose​ ABA​ Mobile​ for​ your​ funds​ transfer​ to​ South​ Korea?

How​ it​ works?

Transfer​ Fees