Remittance Comparison
When you send money home, the fee is only half the story. Compare two offers by how much actually reaches your family, counting the fee and the exchange rate together.
Use the rate your provider quotes you. This tool only compares the two.
| Offer AKRW / USD | 1,426 |
| Offer BKRW / USD | 1,390 |
This compares how much actually arrives when you send the same amount.
How it works
It compares two transfer offers by how much money actually reaches your recipient for the same amount you send. The all-in rate counts the fee and the exchange rate together. Whichever offer has the lower all-in rate puts more in your recipient’s hands.
Rates move every second, and we don’t sell transfers, so we never show a live rate. Enter the fee and rate each provider quotes you, and the tool compares the two offers with your own numbers.
Both, together. A low fee with a weak exchange rate can lose you more than a higher fee with a strong rate, especially on larger amounts. The “all-in rate” combines the two so you can compare them as a single number.
No. Everything is calculated in your browser. Nothing is sent to a server or stored.
Say you send 1,000,000 KRW and your family receives US dollars. A bank charges 15,000 KRW and gives a worse rate. An app charges 3,000 KRW and gives a better one. For the very same amount sent, the app can deliver roughly 18 USD more to your family.
On a large or first-time transfer, your bank may ask for documents such as proof of income and your ARC (alien registration card, 외국인등록증). Before you send, confirm the final quote, fee and limits with the provider.
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Questions people ask
As a foreign resident you can send up to USD 50,000 a year without proving where the money came from (the USD 100,000 no-document limit you may see quoted is for Korean nationals). Above that, you’ll usually need supporting documents (such as proof of income), sent through the one bank you’ve registered for foreign transfers (your “designated foreign-exchange bank”, 지정거래외국환은행). Limits and rules change, so confirm with your bank.
Transfers above roughly USD 10,000 are reported to the authorities, counting either one transfer or the year’s total. This is routine, not a penalty. Just keep records of where the money came from and what it was for.
Because each one sets its own transfer fee and its own margin on the exchange rate. The headline fee is only part of the cost, so the amount received is the honest thing to compare.