Sending South Korean Won (KRW) payments

This guide is to help you with sending KRW payments. It has all the information you need to know, including when you can usually expect it to arrive and what you can do if it doesn’t.

✅ Yes, you can send KRW payments to an individual or a business.

✅ Yes. It’s really important that you use the correct account number. If the incorrect account number is used and it belongs to someone else, the payment will likely be returned.

If you’re sending via PayGate

If you’re sending via PayGate to business

You can send up to ₩5,000,000 per transfer and ₩70,000,000 per year for personal accounts.

You can send up to ₩999,999,999 per transfer for business accounts.

Most payments arrive within 1 hour, and nearly all arrive within 6 hours.

In some cases, because of bank holidays or if there are any extra checks on the payment it can take up to 1 working day.

You can see how long we expect your payment to take before you send it in the app, and after you’ve sent it by tapping it in your feed.

We’ll send your payment as a local bank transfer through the Korea Financial Telecommunications & Clearings Institute (KFTC) network with partner banks in South Korea.

There is no cut off time. Any payment you make will go out on the same day you send it.

✅ Yes, if you’ve used the wrong name/account number or if you think it’s fraud. Let us know right away so we can help.

⏰ We can send the recall immediately.

We don’t support transfers to virtual accounts at the moment.