RickyL asked in TravelAsia PacificKorea · 1 decade ago

What is the cheapest and most reliable way to send money from the United States to South Korea?

I have a Wells Fargo account in the US and a NungHyup account in South Korea.

8 Answers

  • 1 decade ago
    Favorite Answer

    When transferring funds from Korea to the U.S., a local bank will place a stamp in your passport stating how much was transferred, in keeping with the Korea's Foreign Currency Control Act. If you are working in Korea and paying Korean income tax, you can transfer your entire income based on your tax payment certificate. As a tourist, you are required to declare at customs if you are bringing into, or carrying out of, the country more than the equivalent of US$10,000, including local currency.

    How do I set up a wire transfer?

    If you wish to send a wire, you must visit your local Wells Fargo store to provide an original signature; wire instructions cannot be accepted through email or fax. Only signers on the account with proper identification may initiate a wire. While at the store, you can complete a Wire Agreement and order a PIN that will allow you to initiate future wires over the phone or set up recurring wires that will be sent to the same account on a regular basis. You will receive your PIN by mail within 10 to 14 business days. Your Wells Fargo store representative can give you all the details.

    If you wish to receive a wire, you have two options:

    Use Wells Fargo’s FedWire routing transit number, 121000248 for domestic wires

    Use Wells Fargo's Swift code: WFBIUS6S for international wires

    For any of the above options, you must provide the following information to the originator of the wire:

    Bank Name: Wells Fargo Bank, N.A.

    City/State: San Francisco, CA (regardless of where your account is located)

    Routing transit number 121000248 or SWIFT address: WFBIUS6S

    Account number: Your 10 digit Wells Fargo account number (including leading zeros)

    Account title - the name or title of the account as it appears on the bank statement

    There are fees for sending and receiving wire transfers. Please inquire with a banker at your local Wells Fargo store for fee information.

    If you are sending overseas wires, foreign currency wire transfers are available. For assistance with Foreign Currency Wire Transfers, call 1-800-786-5593 or visit your local Wells Fargo store and speak with a banker. You can also download the Wire Transfer Quick Reference Guide (PDF)* to review prior to visiting your local store.

    . What is my routing transit number (also known as ABA or RTN)?

    Referred to as "RTN" or "Routing number" this is a nine digit numeric code printed on the bottom of checks. The Routing Transit Number is used by banks to help route the payment of checks. When enrolling for direct deposit (such as for payroll) or when setting-up direct payments you will be asked for your check's routing transit number.

    To locate your routing transit number, look at the numbers along the bottom edge of your check. View a sample check with the routing transit number illustrated.

    Wire Transfers

    For all accounts:

    Domestic wires: 121000248

    International wires: WFBIUS6S

    International Access Codes

    Wells Fargo customers outside the United States can call Wells Fargo customer service toll-free.

    Customers calling from Canada or U.S. Virgin Islands can dial Wells Fargo's 800 numbers directly.

    Personal Account Assistance: 1-800-TO-WELLS [1-800-869-3557]

    Business Account Assistance: 1-800-CALL-WELLS [1-800-225-5935]

    Online Customer Service: 1-800-956-4442

    Customers calling from all other countries should follow the steps below:

    Dial the Verizon International Access Code (see table below) for the country from which you are calling.

    You will be greeted by an English-language voice prompt or an English-speaking Verizon operator, who will request a credit card or calling card number.

    Tell the operator that this is an “automated single number termination application” and enter or say the Wells Fargo phone number you wish to be connected to:

    Personal Account Assistance: 1-800-TO-WELLS [1-800-869-3557]

    Business Account Assistance: 1-800-CALL-WELLS [1-800-225-5935]

    Online Customer Service: 1-800-956-4442

    Korea (South Korea)

    - Call using KT

    - Call using DACOM

    - DACOM for mobile phone service

    - Call using ONSE

    - Phone Booths




    00369-14 Press red button, 03, then

    * Country-to-country calling available to/from most international locations.

    Wiring Money Directly

    You can wire money directly to a U.S. citizen in Korea through Western Union. Money wired through Western Union is accessible at any Kookmin Bank in the country. The Kookmin Bank nearest to the U.S. Embassy is the Sejong-ro Branch, located in the Korean Reinsurance Building on the 1st floor at #80 Susong-dong, Chongro-ku, Seoul. It will be necessary for the person receiving the money to present proof of identity such as a passport. For more information, you can visit Western Union's website at http://www.westernunion.com/info/selectCountry.asp...

    Your Credit Card Company

    Bank to Bank Transfers and ATMs

    A number of ATMs that accept U.S.-based cards are available through

  • Anonymous
    5 years ago

    I have heard about this in the past; is not new; younger South Koreans see the US presence as detrimental and often riot about it; but when you get down to brass tacks; most SOuth Koreans support the US and would like for us to stay there; we are the only thing that's keeping the North Koreans from invading the South. Even though our troop numbers are small in comparisson to the North Koreans, we have the technological advantage over them. We have mined the entire DMZ plus all tunnels that the NK Army bore under the DMZ are rigged with explosives, ready to detonate at a moments notice. Ask any old South Korean citizen that remembers the Korean War, from the landings at Inchon and the Defense of the Pusan Perimeter to the multiple engagements by NK troops on US and UN outposts on the Border (Google Operation Paul Bunyan).

  • 1 decade ago

    Western Union.

  • farley
    Lv 4
    4 years ago

    Wells Fargo Fedwire Routing Number

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  • Anonymous
    1 decade ago

    Mail is tricky sometimes. I would see if they have a Western Union. These are in a lot of grocery/convenient stores and they're more reliable than mail.

  • 1 decade ago

    I have always used Western Union. Depending on how much you send it is usually $14.00 U.S. to send.

  • Anonymous
    1 decade ago

    western union

  • Sarah
    Lv 4
    1 decade ago

    A cheque by mail.

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