How to Wire Money to South Korea

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It is safest to send money to South Korea via wire transfer. This protects your financial information and ensures your money will be received. Several companies specialize in international wire transfers, and by accessing their websites and filling out the correct information, you can successfully wire money to South Korea.

Things You'll Need

  • Telephone
  • Phonebook
  • Computer
  • Bank account
  • Credit or debit card
  • Recipient's address

Western Union

Visit a Western Union location. You can find a Western Union office by looking in the phonebook or visiting www.westernunion.com and clicking on "Find a Location." Fill out a money transfer form and enter all payment details, which for South Korea will include your debit or credit card information and the office location nearest the recipient's home address. If you would prefer to wire money via their online website, proceed to Step 2.

Go to the Western Union website at www.westernunion.com and click on "Send Money."

Select the state where you live and the country where you will send the money (Korea). Although you are sending money to South Korea, it will be listed as Korea in the alphabetical drop-down menu.

Select the transfer option “Money in Minutes.” Western Union offers various transfer options, but the only option available for sending money to South Korea is "Money in Minutes." This means that you must have a valid debit or credit card from which the money will be drawn.

Sign into your account or select “I am a new customer” to register for a new account.

Complete the registration information, which will include your contact information and your payment information.

Continue with the money transfer. After you register, you will be taken to a form to wire the money. Select the amount of money you want to transfer and the Western Union location in South Korea where you want the money to arrive.

Send the transfer and print the transfer confirmation details. Keep a printed record of these details as a receipt. You will receive an email confirmation when your money is picked up in South Korea.

MoneyGram

Decide whether you want to send money via the MoneyGram online website or at a MoneyGram office. If you would like to deal personally with a Moneygram agent, go to the MoneyGram website at www.moneygram.com and click on "Find a Location," which will take you to a list of office locations . When you arrive at your local MoneyGram office, you will fill out a Send Money form and an agent will help you complete your transaction. If you prefer to send the transfer online, proceed to Step 2.

Go to the MoneyGram website at www.moneygram.com and click the "Send Online" button.

Input the country you are sending money to. Keep in mind that South Korea appears as Korea (Republic Of) in the alphabetical list of countries in the drop-down menu. You will also have to list the amount of money you want to send, which must be $1 to $899.

Select the transfer option. MoneyGram offers two options for South Korea. You can pay with a credit or debit card and the money can be transferred and available in South Korea on the same day. You can also chose the economy service, in which funds will be withdrawn from your bank account and available in South Korea in three business days. In order to continue, you must register with MoneyGram. You will be guided to a registration page, which will collect your contact information. When your registration is complete, you can continue with your money transfer.

Complete the transfer form and input all prompted information, which will include entering your bank account or credit card information. You will also need to select a city in South Korea where there is a pick-up agent available. Finalize your order by pressing send. Make sure that you keep a printed record of the transaction number. This is your receipt for the transaction, and it will help verify that the money was successfully transferred and also received.

Tips & Warnings

  • Some personal banks will transfer money to international banks for a fee. If you would prefer to handle the transfer via your personal bank, call your branch and ask to speak to an associate who may be able to handle an international wire transfer.
  • Never send money to someone whom you don't know. Never send money to someone who has contacted you via email or telephone and promises that if you send money you will receive a large cash settlement or lottery winnings, as this is a common scam.

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