FasterPay has the cheapest way to send money to Korea
4 November
Newly launched by FasterPay is the latest upgrade to our payment solutions, this time with our partner in Korea.
This is called the out-of-network update. And it means our users can now easily transfer funds across the country.
And that means it’s much easier and more secure, to take care of your finances while sending money to Korea. From wherever you may be in the world!
Here are a few more details about what’s on offer.
FasterPay’s out-of-network update for Korea
This update provides you with greater flexibility to send money to Korea via transfers and payouts.
FasterPay users can now make transfers to bank accounts in Korea. Although please keep in mind there’s a flat fee of USD $3 for transfers.
But the transfer time is instant!
Normally your funds will be on the move immediately, although for transactions that have a non-payment nature (as in, it’s not used for the purchase of goods or services) there may be a slight delay due to verification requirements.
That’s based on the regulations in South Korea. But once verified, a recipient will receive funds straight away.
Also, please remember only KRW bank accounts are supported. That’s why the destination currency can only be KRW.
But the good news is the source currency can be any currency from the list available.
How to send money to Korean bank accounts
Okay, so how do you go about sending money to Korea? Well, opening a FasterPay account is a great way to start.
It's free to do and you get a huge range of other features into the bargain. You can:
- Send and receive funds.
- Make top-ups.
- Transfer funds.
- Convert funds.
Better yet, you can do this worldwide, as well as in Korea (of course). But with our out-of-network upgrade, we've just now made it much easier and more cost-effective.
And, by the way, if you’d like to know how our app works then please read our guide to FasterPay's digital wallet.
Advantages of using FasterPay to transfer funds
While you can send funds worldwide in a matter of seconds, you can also take advantage of convenient and secure features that prevent fraud.
Our multi-currency accounts also let you convert money easily to send to other users anywhere in the world.
And the great news is all you need is one account! Once you’re signed up, you can start sending.
Any questions? We’ve got a 24/7 support team to answer them. Contact them right here: support@fasterpay.com.
It's time to make transfers to Korea
What's the best way to send money to Korea? Users across the world can now send and receive funds cheaper and faster than ever before.
So, it's time to sign-up! Get your free personal account on (app or desktop):
So, download the app! And take advantage of the cheapest way to send funds to Korea.
