Home›NZ·AU → Korea Remittance Guide
NZ·AU → Korea Remittance

Send your refund
to Korea
at the lowest cost

Compare Wise, OFX, and bank fees to keep more of your money. Up to ₩30,000 difference on NZD 1,000.

Live comparison calculator

Enter amount → compare all at once

Best pick
Wise
Fintech transfer
Fee~0.6% of amount
Rate~0.2% (mid-market rate)
Arrival1–2 business days
MinNone
You receive
₩1,626,900
OFX
FX specialist
FeeNone
Rate~1.0% spread
Arrival1–3 business days
MinNZD 150
You receive
₩1,623,600
Bank
Traditional bank
Fee~NZD 25 + intermediary
Rate~3% bank rate
Arrival2–5 business days
MinNone
You receive
₩1,570,915
Exchange rate note
Figures above are for reference only. Actual rates and fees vary in real time. Verify exact amounts at each provider before sending.
How to use Wise

Send with Wise

01
Create a Wise account
Sign up free at wise.com. Complete identity verification (passport). Add your Korean bank account.
02
Get an NZ virtual account
Wise app → Accounts → Add NZD account. Get a virtual NZ account number to receive your IRD refund. Free.
03
Receive your refund
Register your Wise NZ virtual account in myIR. Your IRD refund lands in your Wise NZD balance.
04
Send to Korea
In Wise app, convert NZD to KRW and transfer to your Korean account. Fee ~0.41–0.6%, arrives in 1–2 business days.
Money-saving tips

How to save on fees

01
Send larger amounts at once
Fixed fees hurt more on small amounts. Send in one transfer rather than multiple smaller ones.
02
Watch the exchange rate
NZD/KRW fluctuates daily. Set a rate alert in the Wise app to get notified when your target rate is reached.
03
Check OFX promotions
OFX often runs fee-free first-transfer promotions. Great for a one-off large amount.

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NOTICEThis site provides general information only and is not tax or legal advice.
NZ·AU → Korea Remittance Guide | GrabMyTax NZ·AU