Many Korean expatriates are now living in various countries such as in the UK, in the US, or Europe. With this migration, many of them need to send money to their hometown for various purposes. Therefore, information related to how to send money to Korean Bank is one of the important things.
See Video How To Easily Send Money Overseas
Currently, there are not many overviews related to this activity. This makes Korean expatriates find some issues regarding this matter. Therefore, it will be valuable to get sufficient information on sending money to a Korean bank account. For the details of this information, the following paragraphs will give some brief explanations.
There are several methods to send money to a Korean bank account. Therefore, you can select according to your preference. So that you can perform the money transfer more easily. Usually, to send money to a Korean bank account, you can choose to use Western Union, PayPal, and using Money Gram. For the details of each step according to each method, you can read the following paragraphs.
How to Send Money to Korean Bank Account Through Western Union
The first common thing to send money to a bank account overseas is by using Western Union. It is the most preferred method by an expatriate, including Korean people to send money to a Korean bank account from a foreign bank account. Therefore, it is no surprise that Western Union offers services to send money to many countries in the world. For those who plan to transfer money to a Korean bank account with Western Union, the following steps shall be performed.
It is an easy thing to perform online money transfers through Western Union. Simply go to the website and then click send money button. You will direct to a page to fill in the required country, then you shall fill it with Korea. After that, fill the next column with some amount of money to transfer. Once you insert the money value, the next thing is to click the button of cash pick up.
Send Money Easily to Different Countries
Then, you can continue with the payment, you can select three online payment methods, either by credit card, debit card, or bank account. You will be charged with some fee and then you can continue with the payment. If the payment is a success, then you can receive the money in Korea.
How to Send Money to Korean Bank Account Through PayPal Account
The next way to send money to a bank account overseas is by using a PayPal account. It is also one of the commonly preferred methods by an expatriate, including Korean people to send money to a Korean bank account from a foreign bank account. Since PayPal offers a free charge for sending money to various bank account and can consider a fast time to perform the money transfer too. For those who plan to transfer money to a Korean bank account with Western Union, the following steps shall be performed.
First, to select this method, you need a PayPal account. So that you can easily send money to a Korean bank account. Simply log in to the account and write the amount of money to transfer. Then, as usual, you can input the information related to your Korean bank account. Once you click the next button, then your money transfer will be processed. However, PayPal will require three to five working days to send the money. So that you need to wait until several days. The good news is PayPal usually charges no fee.
How to Send Money to Korean Bank Account Through Money Gram
The last way to send money to a bank account overseas is by using Money Gram. This was also selected by some expatriate, including Korean people to send money to Korean bank account from foreign bank account. Since it is quite simple to perform the transfer activities and can be performed within hours. So that you can receive the money only in one working day. For those who plan to transfer money to a Korean bank account with Western Union, the following steps shall be performed.
First, you need to create an account in Money Gram. Similar to other methods above, fill in your email address and password to successfully create an account in Money Gram.
Once you are successfully signed in to the Money Gram, you can directly go to the page of sending money and search for more detailed steps to perform. On this page, you will be required to enter the amount of money to transfer. Then you are also requested to select the card and perform a bank deposit. After that, you will need to fill in all the information related to your bank account. So that the money transfer will not be wrong and can be performed accordingly.
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
Those all the information related to how to send money to a Korean bank account. So that any Korean expatriates who need to make money transfer to their local bank account will not experience further issues. With the above steps, money can be received properly and fasten period too. So that traveling or moving to other countries from Korea is no longer a problem.