/South Korea

Compare the best ways to send money from Canada to South Korea

Q: How much money can be transferred from Canada to South Korea?

The amount of KRW you can receive from Canada will vary depending on which provider you use. Some providers specialize in smaller transfers, while others are more suited to large transfers.You should also check if there are any government regulations around how many KRW can be received in South Korea before making your transfer.

Q: Are there any tax implications to sending money from Canada to South Korea?

Each country will have its own set of tax laws and rules for receiving money from abroad. Wons or Canadian Dollars sent for business purposes between could be taxed as foreign income. If you’re looking to receive a large amount of Wons from abroad, you should check how much you can receive in South Korea without paying taxes. If you're not sure how the tax process works locally, contact your local tax office or speak to a tax professional.

Q: Can I send money from Canada to South Korea with MoneyTransfers.com?

No. MoneyTransfers.com is a comparison website aiming to match you with the best money transfer providers to transfer money online between Canada, South Korea, and many other countries.

Q: What are the typical transfer fees for sending Canadian Dollars to South Korea through various providers?

Transfer fees can vary significantly depending on your chosen provider. That's why you should compare the fees of different services to ensure you get the best deal when sending Canadian Dollars to South Korea.Our data shows that the cheapest way to send money online between Canada and South Korea is Panda Remit.Over the past six months, the most common transfer fee applied by Panda Remit for CAD to KRW transactions has been $4. This is 0.2% less than the second-best option available.

Q: How long does it take to send money from Canada to South Korea?

The delivery time for international transfers can vary. Some services offer instant or same-day transfers, while others might take several business days. The speed may also depend on the CAD and KRW transaction volumes.According to our data, the fastest way to send money online between Canada and South Korea is Panda Remit.Over the past six months, Panda Remit emerged as the fastest service in 45.5% of the searches performed by our users and staff.

Q: What is the best exchange rate I can get for sending money from Canada to South Korea?

Exchange rates fluctuate frequently. To get the best rate for converting CAD to KRW, compare the rates offered by different providers against the mid-market rate. Right now, the CAD to KRW is 995.804774.

Q: Are there any minimum or maximum transfer amounts for sending money from Canada to South Korea?

Providers often set minimum and maximum transfer limits. These can vary significantly, so it’s worth checking what limits apply for transfers from Canada to South Korea before proceeding.

Q: Can I schedule regular transfers between Canada and South Korea?

Many services allow you to set up scheduled, recurring transfers. This can be especially useful for regular financial commitments across borders.

Get the best deals when you transfer from Canada to South Korea. Find the cheapest, fastest, and most reliable providers with the best CAD to KRW exchange rates.

Read on for the best deals, expert information, and all you need to send money to South Korea from Canada.

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Overall best choice: Wise

Wise is our top pick for CAD to KRW transfers.

We tested & reviewed dozens of money transfer providers, and Wise scored highly.

Wise appeared in 100% of Canada to South Korea searches, and was the top rated company out of 6 that support CAD to KRW.

So for a great mix of cost, speed & features, make your Canada to South Korea transfer using Wise.

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How to get the best deal on your Canada to South Korea transfer

Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to South Korea.
Choose a provider
Select the provider that offers you the best value & service for your needs
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.

Summary of recent searches

Top rated for transfers from Canada to South Korea

Total number of CA - KR providers

Average cheapest fees & rate

Average fastest transfer

Average transfer time

Within minutes

Best for bank transfers

Best for debit card

Best for credit card

Important things to consider before sending money from Canada to South Korea

Compare providers

Don't settle for the first option. Always compare ways to send money from Canada to South Korea to find out about fees, speed, and reliability.

Our analysis included 6 providers that operate between Canada and South Korea.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to South Korea.

Think about the Canada to South Korea exchange rate

Choose the right payment method

Keep your money safe

Consider transfer limits

How to receive money in South Korea

Have your ID ready

Don't forget about taxes

Don't settle for the first option. Always compare ways to send money from Canada to South Korea to find out about fees, speed, and reliability.

Our analysis included 6 providers that operate between Canada and South Korea.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to South Korea.

Cheapest way to send money to South Korea from Canada: Panda Remit

Get the lowest fees with Panda Remit - the cheapest transfer service at just $4 per transaction*

Data collected over the past six months shows that Panda Remit is 0.2% cheaper than the second-best option.

The $4 transfer cost represents the most common fee for CAD to KRW international transfers, based on data from the past six months.

If you want to secure the best rates on a CAD to South Korea transfer, make sure you pick Panda Remit to send your money online.

*The most common fee applied to CAD-KRW by Panda Remit, based on data from the past six months.

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Fastest way to send money from Canada to South Korea: Panda Remit

Need to send money fast? Pick Panda Remit and get your funds from Canada to South Korea at speed.

Our data shows that Panda Remit came up as the fastest way to send money from Canada to South Korea in 45.5% of searches. This makes them well suited to urgent CAD to KRW money transfers.

The 'fastest' way to send money is defined by the overall speed of sending money from Canada to South Korea - this includes deposit, transfer and withdrawal timeframes and often differs per currency.  

When speed matters, Panda Remit is your best choice at the moment. This service emerged as the quickest way to send money to South Korea from Canada in 45.5% of the searches on MoneyTransfers.com over the past six months.

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Need to send over $10,000?

For those big moves, competitive pricing & strong customer service are key.

Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise. 

While Wise may not always be the cheapest or fastest way to send CAD from Canada to South Korea, it’s the provider that will keep you safe and relaxed while your money moves into KRW.

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Understanding the costs involved when moving money from Canada to South Korea

When calculating the costs of money transfers between Canada and South Korea, here's what really matters:

The Mid-Market Rate: Today, the CAD-KRW mid-market rate equals 995.804774 KRW per Canadian Dollar.

The CAD-KRW average exchange rate for the past three months has been 993.5845 KRW per Canadian Dollar, with a high of 1005.502 and a low of 967.0925.

When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to KRW.

How to find the best exchange rate for Canada to South Korea

Timing is essential for sending money between CAD and KRW. The exchange rate you secure impacts how much KRW you get for your CAD.

Mid-market Rate

= 995.804774 KRW

Let's dive into some interesting recent trends.

Over the past six months, the exchange rate from CAD to KRW has seen some fluctuation. On average, it stood at 993.5845.
During this period, the highest value recorded was 1005.502, while the lowest was 967.0925.
Wise, which is our recommended service to send money online from Canada to South Korea offers an exchange rate that is only 0% above the mid-market rate.

Want to secure the best CAD-Won exchange rates?

Payment methods available to fund your Canada to South Korea transfer

Bank transfers
Bank transfers are often the default option for sending money from Canada to South Korea.
By using a money transfer company such as Panda Remit for transfers from Canada to South Korea, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.  
On average, Panda Remit is the cheapest provider for bank transfers from the 6 we tested when sending CAD to South Korea.
With an average fee of CAD4 to send money from Canada to South Korea, Panda Remit offers a great combination of competitive exchange rates and lower fees. 
Debit and prepaid cards
Sending money from Canada to South Korea with a debit or a prepaid card is very simple with Wise. 
Wise is a leader in debit card payments for transfers from Canada to South Korea, competing among a total of 6 active money transfer companies on this route.
When it comes to credit card transfers from Canada to South Korea, XE emerges as our top choice of the 6 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between South Korea and Canada. 

Our comparison engine and algorithms evaluate providers based on over 25 factors.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from Canada to South Korea. 

We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to KRW. 

For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.