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Foreign Transfer 16:31:40 09-06 2022 Standard My Menu

Agree to the terms and conditions of overseas remittance STEP 1/4

Overseas remittance service user consent

1. Upon a client's instructions on overseas remittance through Business Banking, the bank will proceed overseas remittance manually after receiving directions and confirming related documents in accordance with foreign currency standards.

2. SCBK's overseas remittance is governed by laws and regulations related to overseas remittance.

3. The Bank, to process overseas remittance under the client instruction, will withdraw the remittance amount and fee set forth in the Article 10, subparagraph 2 (SCBK charged fee and foreign bank charged fee) from the withdrawal account the client designated upon subscribing to the Business Banking, without the passbook, signet and account password, on or after the overseas remittance date.

4. If it is not possible to withdraw the amount due to reasons including insufficient balance, terminated/suspended account, legal payment restriction, instructed overseas remittance will not be proceeded by the Bank.

5. In case the foreign bank charged fee is to be paid by the sender, the Bank will withdraw the foreign bank charged fee from the user's designated account after the overseas remittance date without passbook, signet and account password.

6. When withdrawing the remittance amount from the designated account, the FX rate at the time of withdrawal will be applied. In case of insufficient balance of designated account, the amount will be withdrawn from other account registered as Business Banking withdrawal account.

7. Real-time Domestic FCY Transfer fee and Overseas Remittance fee are as follows.

Type	Fee	Wire Fee
Real-time domestic and foreign remittance	Less than USD 10,000 : 5,000 KRW Over USD 10,000 : 10,000 KRW	-
Foreign Transfer *When remitting money from Korea to overseas, If the foreign bank charged fee is to be paid by the sender, aside from SCBK charged remittance fee, Additional foreign bank charged fee may be charged.	1) SCBK charged remittance fee Less than USD 2,000 : 7,000 KRW Less than USD 4,000 : 10,000 KRW Less than USD 6,000 : 12,000 KRW Less than USD 8,000 : 15,000 KRW Less than USD 10,000 : 18,000 KRW Less than USD 20,000 : 20,000 KRW Less than USD 40,000 : 25,000 KRW Over USD 40,000 : 30,000 KRW	8,000 KRW
2) Overseas Bank fee In case the foreign bank charged fee, generated from places including the place of payment, is to be paid by the sender, the Bank will withdraw the foreign bank charged fee from the user's designated account after the overseas remittance date without passbook, signet and account password.

Type

Fee

Wire Fee

Real-time domestic and foreign remittance

Less than USD 10,000 : 5,000 KRW
Over USD 10,000 : 10,000 KRW

Foreign Transfer

*When remitting money from Korea to overseas, If the foreign bank charged fee is to be paid by the sender, aside from SCBK charged remittance fee, Additional foreign bank charged fee may be charged.

1) SCBK charged remittance fee

Less than USD 2,000 : 7,000 KRW
Less than USD 4,000 : 10,000 KRW
Less than USD 6,000 : 12,000 KRW
Less than USD 8,000 : 15,000 KRW
Less than USD 10,000 : 18,000 KRW
Less than USD 20,000 : 20,000 KRW
Less than USD 40,000 : 25,000 KRW
Over USD 40,000 : 30,000 KRW

8,000 KRW

2) Overseas Bank fee

In case the foreign bank charged fee, generated from places including the place of payment, is to be paid by the sender,
the Bank will withdraw the foreign bank charged fee from the user's designated account after the overseas remittance date without passbook, signet and account password.

Terms and Conditions of Use Business Banking Check contents

I hereby acknowledge that I understand and confirm the contents of the Terms and Contracts of Business Banking, Article 9 (Overseas Remittance) and Article 10 (Service Fee) and the contents of 'Consent Form for Overseas remittance service users' with regards to the use of overseas remittance service.
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