Country-specific guidelines South Korea

KRW (Won)

For a payment to a bank in South Korea, a Bank Identification Code (BIC) is required. This is also known as a SWIFT address.

• An account number in South Korea does not have a fixed format, the number of digits is different for each bank in South Korea.
• Enter the full name of the person receiving the money in the "Recipient Name" field. Do not use abbreviations.

These international transfers are subject to private transfer fees and business transfer fees. If you choose for the OUR option, the beneficiary will not be charged anything by their bank. ABN AMRO charges an OUR fee for this.

Do you want to know when the money will be in the beneficiary's account? Then check what the processing times for payments are. And for more details per currency type, please consult this overview of cut-off times .