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OverviewHow Airwallex Payouts work
Payout network
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Use cases
Test and go live
Older API versions

Korea, Republic of

Overview

Transfer methodLocalSWIFT
Supported currency(ies)KRWAUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR
Payment schemeHOFINET
Flight time (business days)0-10-3
Maximum transaction limit1,000,000,000 KRWNo limit
Ultimate payer displayedYes

Please refer to the sections below for the key required bank details and other considerations for each supported transfer method.

Local KRW payout

Required fieldsPermitted DataNotes
account_currency3-letter ISO 4217 currency codeShould be KRW
account_name2-200 alphanumeric characters or punctuation onlyAccount holder name of the recipient’s bank account, not in Korean (Hangul) characters
account_number7-16 alphanumeric characters
account_routing_type1bank_code onlyThis is a 3-digit number to identify a Korean bank
account_routing_value13 digits
bank_country_code2-letter ISO 3166-2 country codeShould be KR

SWIFT payout

Required fieldsPermitted DataNotes
account_currency3-letter ISO 4217 currency codeOne of AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR
account_name2-200 charactersAccount holder name of the recipient’s bank account
account_number7-16 alphanumeric characters
swift_code8-11 alphanumeric charactersShould be a valid and supported BIC-8 or BIC-11 code
bank_country_code2-letter ISO 3166-2 country codeShould be KR
On this page
  • Overview
  • Local KRW payout
  • SWIFT payout