Overseas Remittance Calculator

Estimate recipient amount and total transfer cost from FX margin, sender fee, intermediary fee, and recipient fee.

Remittance inputs

Estimate recipient amount after FX margin, sender fee, intermediary fee, and recipient fee.

Recipient gets

2,653.4

Remittance rate

1.3392

Effective rate

1.318787

Sender total cost

2,012

Converted before fees

2,678.4

Total fee impact

62.8

2.33% of market value

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What is the overseas remittance calculator?

This calculator compares the real cost of sending money overseas through Korean banks and fintech services. It separates transfer fee, foreign-exchange spread, and intermediary bank charges so the user can compare the actual amount received.

The Korean source compares providers such as KB, Shinhan, Hana, Wise, Toss, MOIN, and Sentbe, with special attention to small transfers, large transfers, and Southeast Asia corridors.

Cost components

Bank and fintech pricing

  • Bank transfer fees are often fixed around KRW 5,000 to KRW 10,000, before exchange spread and intermediary charges.
  • Fintech fees are often variable, roughly 0.4% to 3% depending on provider and corridor.
  • Wise is modeled with a 0.4% to 1.5% fee and 0% FX margin because it uses the mid-market exchange rate.
  • Toss small remittance under KRW 1,000,000 can be fee-free with about 0.15% FX margin.
  • MOIN references a KRW 3,000 small-transfer fee and about 0.18% margin, while Sentbe references about 0.2% margin.
  • SWIFT intermediary bank charges can add USD 10 to USD 25, which fintech networks may avoid.

Tradeoffs

  • Banks support almost all countries, large transfers up to USD 50,000, and familiar reliability, and mobile preferential FX rates can be 50% to 90%.
  • Bank disadvantages include intermediary fees, 1 to 3 business days, spread, and business-hour friction.
  • Fintech advantages include minutes to one business day delivery, no intermediary fee in many corridors, transparent pricing, and strong small-transfer economics.
  • Wise has a large global user base and transparent mid-market pricing; Toss is convenient for domestic app users; Sentbe and MOIN are specialized in corridors such as Vietnam, the Philippines, China, Indonesia, and broader Southeast Asia.

2026 legal limits and saving tips

Foreign-exchange rules

  • A single transaction up to USD 5,000 can use simplified remittance without extra documents in the Korean source.
  • Annual remittance up to USD 50,000 for an individual generally does not require payment proof or a prior report.
  • Annual remittance above USD 50,000 requires a prior Bank of Korea report.
  • A single transfer above USD 10,000 is automatically reported to the foreign-exchange bank.
  • Overseas real-estate purchase or direct investment requires a prior Bank of Korea report.
  • A 2026 policy discussion may increase the simplified remittance limit from USD 5,000 to USD 10,000, but the source treats it as under discussion.

How to reduce cost

  • Use bank online or mobile preferential FX where available.
  • Use Wise or similar transparent providers for larger transfers when the corridor is supported.
  • Use Toss or another low-fee provider for small transfers under KRW 1,000,000.
  • Use rate alerts and compare OUR and SHA fee methods before sending.
  • Do not split transfers to evade limits; smurfing to avoid reporting can be illegal.