Cheapest Way to Send Money to Vietnam from Korea (2026)
Cheapest Way to Send Money to Vietnam from Korea in 2026
Sending money home to Vietnam? You want the cheapest way with the best exchange rate.
This guide compares 7 remittance services available in Korea. We show you real fees, actual exchange rates, and how much your family receives in VND.
Quick Answer: For most transfers (₩500,000-₩1,000,000), Hanpass and E9Pay offer the lowest total cost. But the cheapest option depends on your transfer amount.
🎯 Ready to compare? Use RemitBuddy to see real-time rates from all 7 services instantly.
📊 Quick Comparison: Korea to Vietnam Transfer Costs
Sending ₩1,000,000 KRW to Vietnam (May 2026):
| 🏢 Service | 💰 Fee | 📊 Exchange Rate | 💵 Family Receives | ⏱️ Speed |
|---|---|---|---|---|
| Hanpass | ₩3,000 | 19.85 VND/KRW | 19,790,450 VND | 10-30 min |
| E9Pay | ₩4,000 | 19.87 VND/KRW | 19,810,280 VND | 10-30 min |
| GME Remit | ₩5,000 | 19.82 VND/KRW | 19,720,900 VND | 1-2 hours |
| Gmoneytrans | ₩5,000 | 19.80 VND/KRW | 19,700,000 VND | Same day |
| Moin | ₩3,000 | 19.78 VND/KRW | 19,720,660 VND | 1-2 days |
| Coinshot | ₩4,500 | 19.83 VND/KRW | 19,755,585 VND | 10-30 min |
| Bank Transfer | ₩20,000+ | 19.50 VND/KRW | ~19,110,000 VND | 2-3 days |
💡 Tip: The "cheapest fee" is not always the best deal. Look at how much your family receives - that's what matters.
🏆 Best Services for Vietnam Transfers in 2026
1. Hanpass - Best Overall Value
Why Hanpass is good for Vietnam:
- ✅ Low fee: ₩3,000-₩5,000
- ✅ Competitive VND exchange rate
- ✅ Fast transfer: 10-30 minutes
- ✅ Available 24/7
- ✅ Korean & Vietnamese language support
Best for: Regular monthly transfers of ₩500,000-₩2,000,000
How to use Hanpass for Vietnam:
- 📱 Download Hanpass app
- 📝 Register with ARC card
- ✔️ Complete identity verification (1-2 days first time)
- 🇻🇳 Select Vietnam as destination
- 🏦 Enter recipient's bank account or MoMo wallet
- 🚀 Send money
📌 Important: Hanpass supports both bank transfers and MoMo wallet in Vietnam.
2. E9Pay - Best for E-9 Visa Workers
Why E9Pay is good for Vietnam:
- ✅ Designed for foreign workers in Korea
- ✅ Simple registration process
- ✅ Good VND rates
- ✅ Vietnamese customer support
- ✅ Supports Vietcombank, BIDV, Techcombank
Best for: E-9 visa workers sending ₩500,000-₩1,500,000 monthly
E9Pay Vietnam transfer fees:
| Amount | Fee |
|---|---|
| Under ₩500,000 | ₩3,000 |
| ₩500,000-₩1,000,000 | ₩4,000 |
| Over ₩1,000,000 | ₩5,000 |
3. GME Remit - Best for Large Amounts
Why GME Remit is good for Vietnam:
- ✅ Better rates for amounts over ₩2,000,000
- ✅ High transfer limit
- ✅ Reliable and established
- ✅ Good for one-time large transfers
Best for: Sending ₩2,000,000+ for special occasions (Tet, emergencies, property)
💰 How Much Can You Save?
Bank vs. Remittance App Comparison
Sending ₩1,000,000 to Vietnam:
| Method | Fee | Rate | Family Receives | You Save |
|---|---|---|---|---|
| Korean Bank | ₩25,000 | 19.50 | 19,012,500 VND | - |
| Hanpass | ₩3,000 | 19.85 | 19,790,450 VND | 777,950 VND |
| E9Pay | ₩4,000 | 19.87 | 19,810,280 VND | 797,780 VND |
You save approximately ₩40,000 KRW ($30 USD) per transfer by using a remittance app instead of a bank.
✨ Pro Tip: If you send ₩1,000,000 every month, you save ₩480,000 per year ($360 USD) by using Hanpass or E9Pay instead of bank transfers.
🇻🇳 Vietnam Receiving Options
Option 1: Bank Account (Most Common)
Your family can receive money directly to their Vietnamese bank account.
Popular Vietnam banks:
- Vietcombank
- BIDV
- Techcombank
- Agribank
- VietinBank
- MB Bank
What you need:
- Recipient's full name (as shown on bank account)
- Bank name
- Account number
- Branch (optional but helpful)
⚠️ Warning: Make sure the name matches exactly. "Nguyen Van A" is different from "NGUYEN VAN A" at some banks.
Option 2: MoMo Wallet (Fastest)
MoMo is Vietnam's largest mobile wallet with 40+ million users.
Benefits of MoMo:
- ✅ Instant transfer (under 5 minutes)
- ✅ No bank account needed
- ✅ Your family can use it immediately
- ✅ Easy cash withdrawal at 30,000+ locations
Services supporting MoMo:
- Hanpass ✅
- E9Pay ✅
- GME Remit ✅
What you need:
- Recipient's MoMo-linked phone number
💡 Tip: MoMo is perfect for emergencies. Your family gets money in minutes, not hours.
Learn more: MoMo Vietnam: Complete Guide for Korean Workers
Option 3: Cash Pickup
Some services offer cash pickup at locations in Vietnam.
Best for:
- Recipients without bank accounts
- Rural areas with limited banking
- Emergencies when banks are closed
Cash pickup fees are usually higher (₩8,000-₩15,000).
📝 Step-by-Step: Send Money to Vietnam
Using Hanpass (Example)
First-time setup (10-15 minutes):
- 📱 Download Hanpass from App Store or Google Play
- 📝 Register with your phone number
- 🪪 Verify identity - Upload ARC card photo
- ⏳ Wait for approval - Usually 1-2 business days
Sending money (5 minutes):
- 🔐 Open app and log in
- 🇻🇳 Select Vietnam as destination country
- 💵 Choose amount in KRW
- 🏦 Select delivery method:
- Bank transfer
- MoMo wallet
- 👤 Enter recipient details:
- Full name
- Bank/wallet information
- ✅ Review and confirm
- Check exchange rate
- Check total fee
- Check amount family receives
- 💳 Pay via bank transfer or card
- 🚀 Done! Track your transfer in the app
📌 Important: Save your recipient's information. Next time, sending takes only 2 minutes.
⏱️ Transfer Times: How Fast Is Each Service?
| Service | Bank Transfer | MoMo Wallet |
|---|---|---|
| Hanpass | 10-30 min | 5-10 min |
| E9Pay | 10-30 min | 5-10 min |
| GME Remit | 1-2 hours | 10-30 min |
| Gmoneytrans | Same day | N/A |
| Moin | 1-2 days | N/A |
| Coinshot | 10-30 min | N/A |
| Korean Bank | 2-3 days | N/A |
Fastest option: Hanpass or E9Pay to MoMo wallet (under 10 minutes)
💡 Money-Saving Tips for Vietnam Transfers
1. Check Rates Before Sending
Exchange rates change every minute. Check RemitBuddy to compare real-time rates from all services.
2. Send Larger Amounts Less Often
Instead of sending ₩500,000 twice a month, send ₩1,000,000 once.
Why?
- Pay the fee once, not twice
- Save ₩3,000-₩5,000 per month
- Better rates for larger amounts
3. Avoid Weekends and Holidays
- Best days: Tuesday, Wednesday, Thursday
- Avoid: Friday afternoon, weekends
- Why: Banks process faster on business days
4. Use the Same Service
Many services offer loyalty benefits:
- Lower fees after 5+ transfers
- Better exchange rates for regular users
- Faster verification for repeat transfers
5. Send During Good Exchange Rate Times
The KRW/VND rate changes daily.
General pattern:
- Rate is usually better early in the week
- Avoid sending right after Korean holidays
- Check the rate trend before sending large amounts
🔒 Is It Safe to Send Money to Vietnam?
All 7 services mentioned in this guide are:
- ✅ Licensed by Korean Financial Services Commission
- ✅ Regulated under Korean law
- ✅ Protected - Your money is insured
- ✅ Secure - Bank-level encryption
📌 Important: Only use licensed services. Avoid informal money transfer ("hawala") - it's illegal and risky.
Related reading: Korea's New International Money Transfer Rules 2026
❓ FAQ: Sending Money to Vietnam from Korea
How much does it cost to send money to Vietnam from Korea?
Using remittance apps like Hanpass or E9Pay, fees range from ₩3,000 to ₩5,000 (about $2-4 USD). Korean banks charge ₩20,000-₩30,000 ($15-25 USD).
What is the cheapest way to send money to Vietnam?
For amounts under ₩2,000,000, Hanpass and E9Pay are usually cheapest. For larger amounts, compare rates on RemitBuddy as GME Remit may offer better exchange rates.
How long does it take to send money to Vietnam from Korea?
- MoMo wallet: 5-10 minutes
- Bank transfer (Hanpass/E9Pay): 10-30 minutes
- Bank transfer (Korean bank): 2-3 business days
Can I send money to MoMo from Korea?
Yes! Hanpass, E9Pay, and GME Remit all support MoMo wallet transfers. Your family receives money in under 10 minutes.
What is the maximum I can send to Vietnam?
Most services allow up to $50,000 USD per year for individual transfers. For larger amounts, contact the service directly.
Do I need my recipient's bank account number?
For bank transfers, yes. For MoMo wallet transfers, you only need their phone number linked to MoMo.
Is it better to send KRW or USD to Vietnam?
Send in KRW. Converting KRW → USD → VND loses money on two exchange rates. Direct KRW → VND conversion is cheaper.
What documents do I need to send money to Vietnam?
- ARC card (Alien Registration Card)
- Phone number registered in Korea
- Bank account in your name (for some services)
Can I send money to Vietnam on weekends?
Yes, but your family may receive it Monday morning if sent after banking hours. MoMo transfers work 24/7.
✅ Summary: Cheapest Way to Send Money to Vietnam
| Your Situation | Best Option | Why |
|---|---|---|
| Regular monthly transfer (₩500K-₩1.5M) | Hanpass or E9Pay | Lowest fees, fast |
| Large amount (₩2M+) | GME Remit | Better rates for large transfers |
| Emergency (need it NOW) | Hanpass to MoMo | Under 10 minutes |
| First-time sender | E9Pay | Easy registration, Vietnamese support |
Bottom line:
- Skip the bank - you'll save ₩20,000+ per transfer
- Use Hanpass or E9Pay for most transfers
- Send to MoMo if your family uses it (faster)
- Compare rates on RemitBuddy before every transfer
🎯 Ready to Send Money to Vietnam?
Compare real-time rates from all 7 services:
👉 Compare Vietnam Transfer Rates on RemitBuddy
Save ₩15,000-₩20,000 on your next transfer to Vietnam.
Related Guides
- MoMo Vietnam: Complete Guide for Korean Workers
- Vietnam Bank vs MoMo: Which Is Better?
- How to Find the Best Exchange Rate in Korea
- How to Pay the Lowest Remittance Fee
- Hanpass vs GME vs E9Pay: 2026 Fee Comparison
- Emergency Money Transfer: Send in Under 1 Hour
Last updated: May 2026
Exchange rates and fees shown are examples and may vary. Always check current rates on RemitBuddy before sending.
📚 Related Guides
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