To send money to Korea from the US, you must consider the fees, exchange rates, speed, and more.
Whether you’re a business owner trying to settle Korean wholesale suppliers, a freelancer getting paid, a student wanting to pay fees, or a simple individual trying to send money to their family, there are several cheap ways to send money to Korea from the US.
In this blog, we’ll explore the cheapest alternatives, highlighting their key factors, transaction limits, fees, and more. At the end, we’ll also introduce the best payment provider to send money to Korea from the US.
Let’s get into it.
Table of Contents
Key Takeaways
- Many traditional payment methods are costly and complicated. Some of these methods also possess hidden fees, poor exchange rates, and involve long processing times.
- Digital money transfer platforms are one of the best and cheapest ways to send money to Korea from the US. These platforms are simple and easy to navigate.
- To send money to Korea from other countries, make sure the chosen provider supports seamless international transfers without any hassle.
Factors to Consider When Sending Money to Korea from the US
It’s no lie that international transfers are expensive, however, there are ways to avoid some unnecessary charges.
Here are some of the common service charges that you may be required to make when sending money from Korea to the US.
- High Transfer Fees: Traditional banks and some platforms charge flat or percentage-based fees that quickly add up. This is particularly true for individuals who frequently use their services to make transfers.
- Poor Exchange Rates: Many services mark up exchange rates, meaning you lose money even before any fee is applied.
- Intermediary Charges: Transfers that route through multiple banks (especially via SWIFT) can incur hidden third-party fees.
- Payment Method Surcharges: Credit and debit card payments may carry extra charges compared to normal bank transfers.
- Compliance and Regulation Costs: Korea has strict foreign exchange rules, which can add complexity and cost to international transfers.
Cheapest Ways to Send Money to Korea from the US
Let’s take a look at some of the most popular money transfer services that offer low balance fees, speed, and convenience.
1. Wise (formerly TransferWise)
Wise is a well-known digital platform that has revolutionised international transfers across countries by offering the real mid-market exchange rate and transparent pricing. It’s one of the most widely used digital platforms for sending money to Korea from the US and more, especially bank-to-bank transfers.
How it Works: Wise allows users to send money in any currency of their choice using the real exchange rate.
Pros:
- Wise uses mid-market exchange rates (no hidden markup).
- Transparent and low fees.
- Fast bank-to-bank transfers.
Cons:
- No cash pickup option.
- May require the recipient to own a bank account.
2. Xoom (a PayPal Service)
Xoom is a payment platform owned by PayPal. They specialise in fast money transfers across borders. They are great for users who already have a PayPal account and want multiple delivery options, including cash pickups.
How it Works: Xoom enables fast transfers to bank accounts in Korea.
Pros:
- Transfers within minutes to hours.
- Multiple delivery options.
Cons:
- Exchange rates can include hidden margins.
- Higher fees for card payments.
3. Revolut
Revolut is a mobile-first banking alternative that has become increasingly popular among digital nomads and travellers. It allows international money transfers with favourable exchange rates depending on your account tier.
How it Works: Revolut users can transfer money internationally at interbank exchange rates (with limits based on account tier).
Pros:
- Great for regular users or travellers.
- Competitive rates during weekdays.
Cons:
- Limited free exchange cap
- Fees are applied during weekends or for standard users.
4. Remitly
Established in 2011, Remitly is known for providing flexible speed options depending on how quickly you want your money to arrive. It is popular among families sending remittances overseas.
How it Works: Remitly offers express (fast) or economy (cheap) transfer options depending on urgency.
Pros:
- Flexible delivery speeds.
- User-friendly mobile app.
Cons:
- Higher fees on express transfers.
- There are margins on their exchange rates.
5. OFX Global Payments
The system for OFX is geared toward larger or recurring transfers and business users. Founded by Matthew Gilmour in 1998, it stands out for its concise exchange rates and high-value transfer policies.
How it Works: OFX offers a no-fee policy on high-value transfers and excellent exchange rates.
Pros:
- No transfer fees for large amounts.
- Great for businesses or high-value transfers.
Cons:
- Minimum transfer limits are still high.
- Slower for smaller transfers.
Cheapest Providers to Send Money to Korea from the US – Compared
The table below will help you determine the right option that suits your needs and circumstances.
Tips to Reduce the Cost of Sending Money to Korea from the US
Since each of these money transfer services ensures they take a piece of your money one way or another, it would be best for you to know some tips to reduce costs when you send money to Korea from the US.
- Compare Providers: Use comparison tools to check exchange rates and total fees before committing.
- Avoid Using Cards: Opt for bank transfer instead of debit or credit cards to avoid surcharges.
- Monitor Exchange Rates: Time your transfers when rates are favourable to get the most value.
- Consolidate Transfers: Instead of frequent small transfers, send one larger transfer to cut down on fees.
- Watch for Promotions Online: Some platforms offer promo codes or fee-free first transfers.
- Steer Clear of Intermediaries: Use direct platforms that minimise third-party bank involvement.
DSGPay: One of the Cheapest Ways to Send Money to Korea from the US
When sending money internationally, the fastest way to lose money is through hidden fees, bad exchange rates, and outdated global wires. DSGPay changes that.
By allowing you to send KRW (Korean Won) directly to local bank accounts in Korea, DSGPay helps you avoid costly SWIFT fees, reduce conversion loss, and get your money delivered faster. Whether you’re paying suppliers, freelancers, or business partners, sending in local currency is not only more professional, it’s also cheaper and more efficient.
Why Use DSGPay to Send KRW to Korea?
- Send KRW Directly to Korean Bank Accounts
DSGPay connects to local payout rails in Korea, so you can send funds in KRW faster and more affordably than through SWIFT. - No Korean Bank Account or Entity Required
You can fund your DSGPay account in USD and send KRW directly, no need to register a company or hold a Korean account. - Fast Transfers
Many KRW payouts are settled in real-time or same-day, keeping your operations smooth and your partners happy. - Competitive FX Rates and Transparent Fees
Get favourable exchange rates with no hidden charges. You’ll always know the exact amount your recipient will get. - Manage Everything in One Place
From sending and converting USD to tracking your KRW transfers, do it all through DSGPay’s user-friendly app or dashboard.
Perfect For:
- U.S.-based businesses paying Korean suppliers or manufacturers
- Creators, agencies, or platforms paying freelancers or contractors in Korea
- Businesses working with development or support teams based in South Korea
If you’re looking for one of the cheapest and most efficient ways to send money to Korea from the US, DSGPay delivers a reliable, cost-effective solution designed for modern global payments.
How to Send Money to Korea from the US Using DSGPay
Want to know how the process works? Watch the step-by-step video below to see how easy it is to send money using DSGPay.
Final Thoughts
Transferring money internationally doesn’t have to cost a fortune. By understanding what drives up fees and knowing which providers offer the best value, you can make smarter decisions when you send money to Korea from the US.
While services like Wise and Remitly offer solid features, DSGPay stands out as the most flexible and cost-effective solution for anyone looking to manage global transactions in 2025.
They are affordable, available, and accountable. If you’re looking for the cheapest option with the best features, DSGPay is your best bet!
