Industrial Bank of Korea

IBK, your financial partner
for a better future.

Overseas Remittance

Service Info.
IBK ANYTIME Foreign Currency Remittance Service Summary
Foreign currency remittance service that allows the customer to freely designate the transfer currency, the transfer amount, and the transfer date and transfer domestically and internationally.
Preference System
  • Exchange Rate: automatic preference of 30% on transaction margin rate
  • Transfer Fee: automatic reduction of 30% on automatic transfers
Target Transactions and Transfer Limits
Target Transactions and Transfer Limits
Transaction Category Remittance limit
Remittance of residents who do not submit proof of payment Before change: Less than USD 50,000
After change: Less than USD 50,000 per year
Remittance of expenses for overseas residents and overseas students Before change: Less than USD 100,000
After change: Less than USD 100,000 per year
Remittance of domestic remuneration for foreign workers Before change: Less than USD 50,000
After change: Less than USD 50,000 per year
Foreign currency fund transfer in Korea Unlimited
*There is a fluctuation possibility due to local and related bank circumstances based on the final recipient bank in China.
Automatic Transfer Types and Processing Standard
Automatic Transfer Types and Processing Standard
Automatic Transfer Types Processing Standard
Simultaneous designation of transfer date and amount (fixed amount) Automatic transfer of transfer amount on transfer date
Designated transfer date
(unrestricted)
Automatic transfer within the balance of the withdrawal account on the transfer date
Automatic transfer of the total bank balance of the designated automatic transfer account
Designated transfer amount
(fixed amount)
Automatic transfer when the transfer amount is reached
*once a day automatic transfer
Transfer date, transfer amount
Both not decided
For over 50,000 won
Transfer of all balance
(transfer once a day)
Domestic foreign currency fund transfer Unlimited
* There is a fluctuation possibility due to local and related bank circumstances based on the final recipient bank in China.
Combined Products
ANYTIME
Designate the transfer date, amount, and currency for an automatic overseas money transfer
Payroll account
Received salary more than 700,000won
Option
(China) 快低 Remittance
(Indonesia) Ampuh IDR Remittance
(Philippine) Mabilis PHP Remittance
(Nepal, Sri Lanka, Mogolia, Uzbekistan, Bangladesh, Myanmar,
Cambodia) I-VARO Remittance
Benefit
  • Maximum 5,000 won (cable charge)
  • Exemption or discount on Intermediary Bank fees
Compliance Officer Passed Deliberation

2020-4448(2020.10.30)

Expiration Date: 2020.10.30 - 2021.10.30



Precautions

For more information about individual products, please visit the Trading Branch or contact IBK Customer Center (1566-2566)

  • If there are objections to bank transactions, you may request resolutions to the dispute handling organization of the IBK Industrial Bank or apply for conflict arbitrations through the Financial Dispute Resolution Board.
    (Financial Supervisory Service: 1332 without national code number., IBK Industrial Bank of Korea: 080-800-0119)
  • IBK Industrial Bank of Korea does not accept any bribes or treats, and in case of any violation of ethical management or any improvement needed, please report it. (+82-02-729-7490, e-mail: ibkethics@ibk.co.kr)