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Most providers show you their transfer fee upfront. That’s only fair. But some of them sneak a markup into the exchange rate. And that’s not fair.
A markup means you get a bad exchange rate, which means you lose money when you change currencies.
At TransferWise, we never mark up the exchange rate. We just use the exchange rate – independently provided by Reuters. That means fair, low-cost transfers, every time.
TransferWise makes transferring money to South Korea a breeze. Just sign up, tap in how much, and where to. Then make a local payment to TransferWise, whether it's with a bank transfer or your card. And that's it.
TransferWise converts your money at the fairest rate out there - the real rate - so you save big time (even versus the guys saying there's 'zero' commission). On TransferWise, there's no room for sneaky bank surcharges or creeping hidden charges.
Pay in A$ with your debit or credit card, or via a bank transfer.
TransferWise always gives you the real mid–market exchange rate.
Your recipient gets ₩ directly from TransferWise's local bank account.
Banks set their own exchange rate to make money off you.
TransferWise gives you the real exchange rate, also known as the 'mid-market' rate - what you see on Google or XE.
For Australian Dollar to South Korean Won, the transaction fee is a separate 1.5% with a flat fee of 3750 KRW (converted into AUD at the mid-market rate at the time of transfer) that you can always see before you send.
Everything about TransferWise is streamlined, and creating your first transfer only takes a couple of taps.
Transfers from Australia to South Korea complete in 2 business days (from when we receive your funds), and you'll get updates throughout the process.
We're entrusted by customers around the world to transfer over A$1billion every month.
We use high-grade encryption technology and are fully regulated by the Australian Securities and Investments Commission (ASIC).
Another key to their success - TransferWise has shifted more than £3bn of customers' money since 2011 - is the simplicity of design.Read article
TransferWise takes a machete to the hefty fees that banks levy to send money across borders.Read article
TransferWise is looking to use the internet to spark a digital revolution in current financial services.Read article
Transfer your AUD to KRW today with TransferwiseGet started now