Industrial Bank of Korea

Service Info.

Target customers

individual (Including foreigners)

Using channels

Smart Banking

Sign Up

necessary

Currency exchange

USD, EUR, JPY

Currency benefits

USD, EUR, JPY 90%

Exchange limits

• (Onetime) more than USD 100
• (One day) Within maximum of one million won

Payment method

Automatic withdrawal from IBK withdrawal account after application for exchange
(Automatic cancellation at 11:00 am, after 7 business days from the date of application for non-receipt)

Receipt of Foreign currency

Unique exchange number(SMS send)
Bring your ID card to your nearest IBK Industrial Bank branch

Expiration date

From the date 7Business

Foreign Currency Receiving Method

The recipient must receive it directly by visiting an IBK branch with their own identification card and exchange confirmation number.

Repurchase due to Exchange Cancellation

• Cancellation is not possible after virtual account deposit.
• For exchange cancellation (repurchase), the customer must visit an IBK branch with their identification card and exchange authorization number.
• The currency in won with the transaction standard rate at the time of cancellation applied will be returned.
• A profit/loss may occur due to the fluctuation of exchange rate when exchanging again.