- Woori ONE Remittance Club?
- A remittance club operated by Woork Bank, which aims for open global management, for foreigner only first in the financial industry in Korea, which provides the favorable exchange rate and exempts the remittance fee for foreigner customer staying in Korea.
Subscriber qualification
An individual foreigner living in Korea
Place for application
All Woori Bank branches.
Subscription method
- Visit your nearest Woori Bank branch and apply for the service.
- Preparations : Passport
No fee (subscription fee and annual membership fee) is charged.
Club member benefits
- If the number of remittance times reaches three times, the remittance fee for the fourth time will be automatically exempted.
- Remittance times retention period: 2 years
- Favored exchange rate for a remittance: 20%
Transaction counted as the remittance times
- If the remittance amount is more than USD 500 or its equivalent, and foreign currency is purchased with KRW (excluding Money Gram and Internet banking)
- If a new member makes a remittance by the recommendation of the existing member.
(Only the first remittance will be counted as the remittance times.)
Benefits of Woori One Remittance Club
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Benefit 01
- Send money more than 3 times at Woori Bank.
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A remittance fee will be exempted for the 4th, 8th, and 12th remittance.
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Benefit 02
- Recommend a friend to Woori ONE Remittance Club.
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- If your friend joins the Woori ONE Remittance Club by your recommendation and make an overseas remittance, your remittance times count will be increased by 1.
- If you have recommended three friends, your remittance fee will be exempted for one time.
FAQ
- Question Can I join the club by presenting my foreigner registration card instead of my passport?
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Answers
No, you cannot. To join ONE Remittance Club, the passport number must be presented. Therefore, you must prepare your passport.
- Question Does the remittance count increase only one time a month?
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Answers
If the conditions for recognizing the remittance count is met, it will be recognized regardless of the period.
Conditions for recognizing the remittance count: The remittance amount should be more than USD 500, and foreign currency is sent by purchasing it with KRW.
(excluding Internet banking and Money Gram) - Question To get remittance fee exemption, should the 4th remittance amount be more than USD 500 or its equivalent?
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Answers
If you are qualified for the remittance fee exemption with more than three times remittance, you can automatically receive remittance fee exemption regardless of the remittance amount.
- Question Does the remittance fee exemption benefit expire after 2 years?
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Answers
You can receive the remittance fee exemption benefit only when the three remittance count date is within 2 years before making the fourth remittance.
- Question Is the remittance count of my friend added to my remittance count?
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Answers
If your friend who joined the Woori ONE Remittance Club by your recommendation makes a remittance for the first time, it will be added to your remittance count.
