What is MoneyGram?
- The Money Gram service is a new type of overseas remittance service that use the dedicated Money Gram remittance network, unlike other overseas remittance services that use the transaction network among banks.
- If you use the existing service, it normally takes 2 or 3 days before you can confirm whether the beneficiary has received your remittance. When Money Gram is used, you can remit money within 10 minutes at the Money Gram member shop at any place in the world.
- Or, if you receive a remittance from the overseas country, your family or relative can receive the money quickly. Money Gram is the fastest remittance service in the world that only Woori Bank serves in Korea.
Service target and remittance limit
- Only the individual customer can use the service, and up to USD 7,000 can be sent at a time.
- If the student studying abroad or overseas traveler uses this service when they need money urgently, they can receive a remittance within 10 minutes. In addition, foreign workers in Korea or domestic workers in foreign countries can send money quickly and safely to their families.
