Payouts to South Korea

Beneficiaries will see the senders' name for all transactions. Format will be: FIRST NAME + SPACE + LAST NAME The length of narrative depends on the Beneficiary Bank, usually 10 characters.

Partner

Live Interbank based rates available 24x7, including off-market hours

All major banks in South Korea

BANK CODE

The detailed KYC registration process document can be provided upon request.

KYC registration is dependent on purpose of transaction- details available.

Max Beneficiary can receive in a day is 500M KRW. So Txn of 1300M KRW will be paid out over 3 days. Day 1= Day 2 =500M KRW and Day 3 pay-out = 300M KRW.

*No transaction limits & no KYC for Goods/Service/Salary payments.

For other purposes per transaction USD 5000 limit is applicable (USD 50,000 per year per Beneficiary).

LOCAL · Business to business · CORPORATE

Beneficiaries will see the senders' name for all transactions. Format will be: FIRST NAME + SPACE + LAST NAME The length of narrative depends on the Beneficiary Bank, usually 10 characters.

Partner

Live Interbank based rates available 24x7, including off-market hours

All major banks in South Korea

BANK CODE

The detailed KYC registration process document can be provided upon request.

KYC registration is dependent on purpose of transaction- details available.

Max Beneficiary can receive in a day is 500M KRW. So Txn of 1300M KRW will be paid out over 3 days. Day 1= Day 2 =500M KRW and Day 3 pay-out = 300M KRW.

*No transaction limits & no KYC for Goods/Service/Salary payments.

For other purposes per transaction USD 5000 limit is applicable (USD 50,000 per year per Beneficiary).

LOCAL · Business to person · INDIVIDUAL

Beneficiaries will see the senders' name for all transactions. Format will be: FIRST NAME + SPACE + LAST NAME The length of narrative depends on the Beneficiary Bank, usually 10 characters.

Partner

Live Interbank based rates available 24x7, including off-market hours

All major banks in South Korea

BANK CODE

The detailed KYC registration process document can be provided upon request.

KYC registration is dependent on purpose of transaction- details available.

Max Beneficiary can receive in a day is 500M KRW. So Txn of 1300M KRW will be paid out over 3 days. Day 1= Day 2 =500M KRW and Day 3 pay-out = 300M KRW.

*No transaction limits & no KYC for Goods/Service/Salary payments.

For other purposes per transaction USD 5000 limit is applicable (USD 50,000 per year per Beneficiary).

LOCAL · Person to person · INDIVIDUAL

Beneficiaries will see the senders' name for all transactions. Format will be: FIRST NAME + SPACE + LAST NAME The length of narrative depends on the Beneficiary Bank, usually 10 characters.

Partner

Live Interbank based rates available 24x7, including off-market hours

All major banks in South Korea

BANK CODE

The detailed KYC registration process document can be provided upon request.

KYC registration is dependent on purpose of transaction- details available.

Max Beneficiary can receive in a day is 500M KRW. So Txn of 1300M KRW will be paid out over 3 days. Day 1= Day 2 =500M KRW and Day 3 pay-out = 300M KRW.

*No transaction limits & no KYC for Goods/Service/Salary payments.

For other purposes per transaction USD 5000 limit is applicable (USD 50,000 per year per Beneficiary).

LOCAL · Person to business · CORPORATE

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Business to business · CORPORATE

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Business to person · INDIVIDUAL

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Person to person · INDIVIDUAL

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Person to business · CORPORATE