Foreign Exchange

International Money Transfer Services for Foreign clients

Service
Types Internet Foreign Currency
Transfer Service
for more information
IBK ANYTIME Foreign Currency
Transfer Service
for more information
ATM Foreign Currency
Transfer Service
for more information
services Domestic and international
foreign currency transfer via
internet banking
(including smartphone)
Domestic and international
automatic funds transfer via
automatic transfer service registration
Domestic and international
foreign currency transfer via
ATM
Benefits
    • Offers 30% better Fx rate
    • Waivers of Fx fees
    • Collects transfer fees from a minimum KRW 5000 to a maximum KRW20,000 depending on the amount
    • 30% reduction on transfer
      fees
    • Offers 30% better Fx rate (30% off the respective base rate)
    • 30% reduction on transfer
      fees
    • Offers 30% more favorable Fx rate (30% off the respective base rate)
Foreign exchange
rate applied
Sales rate announced by a bank teller or posted on the bank’s website at the time of transfer
Remarks Funds can be transferred
globally via smart banking
after signing up for mobile
service
Automatic transfer accounts
are limited to general
checking, savings, and
corporate checking accounts
and transfer funds can be
designated in foreign
currencies or KRW
Can easily carry out money
transfers via ATM

Internet Foreign Currency Transfer Service

  • Money transfers can be freely carried out without visiting a branch, without signing up for IBK internet banking
  • International money transfers can be freely carried out via smart banking after signing up for mobile service
  • Favorable money transfer fees, with a 30% better Fx rate
Internet Foreign Currency Transfer Service
Internet Foreign Currency Transfer Service
Services Domestic or international foreign currency transfer via internet banking (smartphone)
Eligibility
    • Corporate
    • Individual
    • Foreign National
Items
    • Undocumented money transfers: Under the annual transfer limit of USD 50,000
    • Money transfers for residents or students overseas: Below annual transfer limit of USD100,000
    • Transfer of salary for foreigners: Below annual transfer limit of USD50,000
    • Money transfers for imports: No limits (Transactions over USD100,000 require approval from the
      pertaining branch)
    • Domestic transfer of foreign currencies: No limits
Benefits
    • 30% better exchange rate
    • Collection of money transfer and telegram fees
    • Fx fees waived
    • Collects transfer fees from a minimum KRW 5,000 to a maximum KRW 20,000, depending on amount
    • Open position
      • open position
        Type Gift Study abroad Transfers to
        other banks
        Transfers within
        the bank
        Money transfers for imports
        Money
        transfer fee
        Waived Waived KRW5,000 Waived 50% off
        Telegram fee KRW8,000 KRW8,000 Waived Waived KRW8,000
    • Money transfers
      • open position
        Type Gift Study abroad Transfers to
        other banks
        Transfers within
        the bank
        Money transfers for imports
        Money
        transfer fee
        Full amount Full amount KRW5,000 Waived Full amount
        Telegram fee KRW8,000 KRW8,000 Waived Waived KRW8,000
Foreign
exchange
rate applied
Sales rate announced by a bank teller or posted on the bank website at the time of transfer
Remarks
    • Transfer funds globally through smart banking after signing up for mobile service
    • No service available on national holidays, no hourly limits (domestic money transfers are available
      until 4:30pm)
TOP

IBK ANYTIME Foreign Currency Transfer Service

  • Domestic and international automatic funds transfer at set dates via automatic transfer service registration
  • A 30% reduction on transfer fees and 30% better Fx rate
IBK ANYTIME Foreign Currency Transfer Service
IBK ANYTIME Foreign Currency Transfer Service
Services Domestic and international automatic funds transfer via automatic transfer service registration
Eligibility
    • Corporate
    • Individual
    • Foreigner
Items
    • Undocumented money transfers: Under the annual transfer limit of USD 50,000
    • Money transfers for residents or students overseas: Below annual transfer limit of USD100,000
    • Transfer of salary for foreigners: Below annual transfer limit of USD50,000
    • Domestic transfer of foreign currencies: No limits
Benefits A 30% reduction on transfer fees and 30% better Fx rate (30% off the respective base rate)
Foreign
exchange
rate applied
Sales rate announced by a bank teller or posted on the bank website at the time of transfer
Remarks
    • Types of automatic transfers and processing measures
      open position
      Types Processing measures
      Designation of date and amount Automatic transfer of set amounts on set dates
      Designation of date Automatic transfer of funds within the
      account balance on set dates
      - Automatic transfer of remaining balance on set dates
      Designation of amount Automatic transfer of funds once account balance
      reaches a set level
      - 1 automatic transfer daily
    • Automatic transfer accounts are limited to general checking, savings, and corporate checking accounts
      and transfered funds can be designated in foreign currencies or KRW
TOP

ATM Foreign Currency Transfer Service

  • Money transfers can be conducted via ATM after registering money transfer information
  • A 30% reduction on transfer fees and 30% better Fx rate
ATM Foreign Currency Transfer Service
ATM Foreign Currency Transfer Service
Services Domestic and international foreign currency transfer via ATM
Eligibility
    • Individuals (Business Owners)
    • Foreign Nationals
Items
    • General (Net transferrable amount limit)
      • one transaction: Between USD 100 and 4000 (Under KRW 6million)
      • one day: Maximum KRW 30million per ATM
    • Undocumented money transfers: Under annual transfer limit of USD 50,000
    • Money transfers for residents or students overseas: Under annual transfer limit of USD 100,000
    • Salary transfer for foreign clients: Under annual transfer limit of USD 50,000
    • Korean foreign currencies transfer: No limit
Benefits A 30% reduction on transfer fees and 30% better Fx rate (30% off the respective base rate)
Foreign exchange
rate applied
Sales rate announced by a bank teller or posted on the bank website at the time of transfer
Remarks
    • Processing measures by ATM transaction time
      open position
      ATM transaction time Processing Time
      9:00am – 4:30pm Weekdays At close of business on the designated day
      4:30pm-12:00am, Weekdays
      Sat, Sun, Holidays
      At close of business the next day
      12:00am-9:00am, Weekdays At close of business on the designated day
    • Can easily conduct money transfers via ATM
TOP