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StAxX SOuL
Joined: 04 Jan 2006
Location: London
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 Posted: Mon Nov 09, 2009 8:18 pm Post subject: Cost of Money Transfer from Korean Bank to UK Bank |
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Couldn't find this...
Anyone know what the going rate is? I paid a flat fee of �25 to send from UK to Korea a few months ago... does it work on a flat fee basis or is there a %age tied into the amount you transfer?
Thanks... |
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English Matt
Joined: 12 Oct 2008
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| Posted: Tue Nov 10, 2009 4:07 am Post subject: Re: Cost of Money Transfer from Korean Bank to UK Bank |
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| StAxX SOuL wrote: |
Couldn't find this...
Anyone know what the going rate is? I paid a flat fee of �25 to send from UK to Korea a few months ago... does it work on a flat fee basis or is there a %age tied into the amount you transfer?
Thanks... |
Depends on the Korean bank, the UK bank, the type of account you have, and how you transfer (online or in-person) - and if you are calculating the total cost in �s then it also depends on the exchange rate on the day you transfer the cash. I have an EZ plus account with KEB here in Korea....there is a discount for doing the transaction online....I usually pay around 15000 won I believe.....Natwest takes another fee when the money arrives in the UK....about �15 or something like that.
I believe it is based on a flat rate system.....x amount for amonts between a and b, y amount for amounts between c and d, etc. |
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Davew125
Joined: 11 Mar 2007
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| Posted: Tue Nov 10, 2009 4:38 am Post subject: |
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| It'll vary from bank to bank. My bank, KNB, charges 18000 won to send and my HSBC account charges �6 to receive. This doesn't appear to change regardless of how much i send. |
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