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Send money from Singapore to South Korea(SGD → KRW)
SGD
KRW|Updated recentlyMid-market 1089.3497Cheapest todayof 5 providers
Wise
Rate 1078.4562 · Fee S$10.00
You send
S$1,000
Recipient gets
₩1,067,672
₩85,800 more than the most expensive provider · 1.00% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Singapore to South Korea in August 2026 is Wise, which delivers 1,067,671.65 KRW on a 1,000 SGD transfer with a fee of S$10.00. According to SendMoneyCompare's comparison of 5 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 85,775 KRW.
Last reviewed: by Awais Imran, Reviews Editor
What is the cheapest way to send SGD to KRW?
Sending S$1,000 from Singapore to South Korea. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 1078.4562·Fee S$10.00·1.00% markup
Rate 1075.4060·Fee S$12.80·1.28% markup
Rate 1059.2837·Fee S$27.60·2.76% markup
Rate 1058.6300·Fee S$28.20·2.82% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient ₩85,775.01 on a S$1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Sending money from Singapore to South Korea? Compare real-time exchange rates and fees across leading money transfer services. Find the provider that gives you the best KRW amount today.
Money transfers from Singapore to South Korea are a vital lifeline for families and businesses. With dozens of providers competing for this corridor, rates and fees vary widely. Specialist money transfer companies often beat bank rates by 2–4%, potentially saving you hundreds of SGD per year. Use our comparison to find today's best deal.
Which provider offers the best SGD to KRW rate?
Wise
4.3Exchange rate
1078.4562
Fee
S$10.00
Recipient gets
₩1,067,671.65
Speed
1-2 business days
Also available · Digital-asset rails
Crypto & stablecoin routes for SGD → KRW
For a tech-comfortable sender, stablecoin rails can beat every bank and app. These aren't one-tap services — each is a fiat on-ramp → blockchain → local cash-out. Here's the all-in cost and how each works.
BithumbBitcoin · Lightning
Kraken → Stellar (USDC) → Bithumb · ~5 seconds
1,077,255 KRW
1.41% all-in
+
BithumbBitcoin · Lightning
Kraken → Stellar (USDC) → Bithumb · ~5 seconds
1,077,255 KRW
1.41% all-in
- 1Kraken SGD→USDC: 0.26%
- 2Stellar network: 0.000001 USDC
- 3Bithumb: 0.73% spread
- 41000 KRW withdrawal fee
Also routable via Stellar (USDC), Solana (USDC), Lightning Network (BTC), Polygon (USDC).
Source: Bithumb REST API
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
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Example alert
SGD → KRW · cheapest just changed
Sending 1,000 SGD today? The cheapest provider on this corridor changed overnight — same money in, more KRW out. A bank wire is still the most expensive way to send it.
sendmoneycompare.com/send-money/singapore-to-south-korea
09:12Watch the card-funding fee
Two providers added a card-funding fee this morning. Paying by bank transfer is the cheaper route today.
Thu 16:40Guides, fees & how it works
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Singapore to South Korea route.
Cheapest transfer
Wise
Delivers the most KRW for your money
Fastest transfer
Remitly
Delivers in Minutes
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
Wise
Best rate for bank deposit to South Korea
How to send money to South Korea
Sending money to South Koreais straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much SGD you want to send, compare providers above, and pick the one offering the best KRW amount for your transfer to South Korea.
Step 2
Add your recipient
Enter your recipient's details in South Korea — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–3 business days.
What you need to send money to South Korea
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as it appears on their bank account
Bank account number
Recipient's bank account number
Bank name
Name of the receiving bank
SWIFT/BIC code
Optional8 or 11-character SWIFT code identifying the bank (may be optional with IBAN)
Note: You need the recipient's bank account number and bank name. Contact the recipient's bank for their SWIFT/BIC code if required.
Transfer examples: SGD to KRW
See how much your recipient would get for common transfer amounts.
Send S$500
ProviderFeeReceives
Wise
1078.46 · 1-2 business days
Western Union
1075.41 · 1 business day
InstaReM
1059.28 · 1-3 business days
Remitly
1058.63 · Minutes
OFX
1034.23 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseS$5.001078.46₩533,8361-2 business days
Western UnionS$6.401075.41₩530,8201 business day
InstaReMS$13.801059.28₩515,0241-3 business days
RemitlyS$14.101058.63₩514,388Minutes
OFXS$25.301034.23₩490,9481-3 business days
Send S$1,000
ProviderFeeReceives
Wise
1078.46 · 1-2 business days
Western Union
1075.41 · 1 business day
InstaReM
1059.28 · 1-3 business days
Remitly
1058.63 · Minutes
OFX
1034.23 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseS$10.001078.46₩1,067,6721-2 business days
Western UnionS$12.801075.41₩1,061,6411 business day
InstaReMS$27.601059.28₩1,030,0471-3 business days
RemitlyS$28.201058.63₩1,028,777Minutes
OFXS$50.601034.23₩981,8971-3 business days
Send S$5,000
ProviderFeeReceives
Wise
1078.46 · 1-2 business days
Western Union
1075.41 · 1 business day
InstaReM
1059.28 · 1-3 business days
Remitly
1058.63 · Minutes
OFX
1034.23 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseS$50.001078.46₩5,338,3581-2 business days
Western UnionS$64.001075.41₩5,308,2041 business day
InstaReMS$138.001059.28₩5,150,2371-3 business days
RemitlyS$141.001058.63₩5,143,883Minutes
OFXS$253.001034.23₩4,909,4831-3 business days
How much does it cost to send money from Singapore to South Korea?
Transfer fees from Singapore to South Korea vary by provider. Specialist services charge S$0–10 per transfer, while banks charge S$25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total KRW your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically S$0–S$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (1089.3497).
Ways to send money to South Korea
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit is the standard delivery method for transfers to South Korea. Cash pickup is available through international providers like Western Union and MoneyGram.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
How can my recipient receive money in South Korea?
Your recipient in South Korea can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–3 business days
Direct transfer to bank accounts in South Korea.
WiseRemitlyWorldRemitWestern Union
Cash Pickup
Minutes
Collect cash from agent locations in South Korea.
Western UnionMoneyGram
What are the transfer limits and regulations for South Korea?
Important rules and requirements to know before sending money to South Korea.
Documentation you may need
- Government-issued photo ID (passport, driver's license, or state ID)
- Proof of address may be required for first-time transfers
Important things to know
- Check your provider's specific limits and requirements for transfers to South Korea.
- Transfers over $10,000 (or equivalent) may trigger reporting requirements in your sending country.
How long does it take to send money to South Korea?
Most transfers from Singapore to South Korea arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to South Korea for a small premium.
FastExpress delivery
- RemitlyMinutes
Standard delivery
- Wise1-2 business days
- Western Union1 business day
- InstaReM1-3 business days
- OFX1-3 business days
Frequently asked questions
Common questions about sending money from Singapore to South Korea
What is the cheapest way to send money from Singapore to South Korea?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Singapore to South Korea?
Most specialist providers deliver to South Korea within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send S$1,000 from Singapore to South Korea?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much KRW your recipient would receive from a S$1,000 transfer today.
Can I send money from Singapore to South Korea online?
Yes, all the providers we compare support online transfers from Singapore to South Korea. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to South Korea?
Money transfer services are almost always cheaper. Banks typically charge S$25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge S$0–10 with markups under 1%, saving you significantly on every transfer to South Korea.
More for this corridor
Everything about sending money to South Korea
Recipient requirements, delivery methods, regulations, popular banks, and more.
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