Kookmin Bank

Remittance GuideRemittance is any form of money transfer or payment done from one country to another country.

About remittances

Types of remittances		Telegraphic Transfer (T/T)
Currencies available for remittances		USD
Service hours for remittances		09:00~15:00 on business days , All remittances are processed at 9am of the next day.
Reasons of remittances		Remittances of failure to submit proof of payment of the residents, overseas living expenses, foreign student expenses, overseas moving expenses, export of domestic property of Korean residents abroad, domestic income of foreigners or non-residents, foreign deposits of residents, handling of foreign real estate, foreign direct investment, etc.
Remittance limit	Remittances without the supporting documents submitted	Less than 10,000 USD per transaction
Remittance limit	Remittances with the supporting documents submitted	More than 10,000 USD per transaction(Internet banking is not available)
Remittance fee		- Applied differential fees by amount of remittances Less than 1,000.00 USD : $5.00 More than 1,000.00 USD ~ less than 10,000.00 USD : $10.00 More than 10,000 USD : 0.15% of the amount of remittance
Intermediary fees		The burden of overseas intermediary bank fees can be charged to the payee or the applicant If you select the overseas intermediary bank fees to be paid by the applicant, the intermediary fees will be charged to you.
Cable charge		$15.00
Remittance Precautions		Remittances over 10,000 USD per transaction are only available at the counter of a branch, and you must submit "the documents to determine the reason for remittance and trading relationships such as trading contracts or invoices" Customers are responsible for any financial damages due to delay, return, rejection, errors in remittance due to incorrect input of information