1 [The transfer will start once the identity verification process is completed.]
This process is done to ensure safe transfers and verification is required only once for first-time transfers.
*The identity verification process is required the first time when using the same receiving account, and re-verification is needed if the recipient account is changed.
2 [I have never transferred money through SentBe. Why do I need to receive the transfer from SentBe?]
The overseas money transfer company used to apply for an overseas transfer is a company in partnership with SentBe. Therefore, even if the money transfer is made to a Korean bank account through that company, the recipient must complete the identity verification process with SentBe.
3 [What is SentBe?]
SentBe is a fintech company specializing in overseas remittances since 2015. Currently serving 50 countries, we are rapidly expanding around the world.
SentBe is also an official overseas remittance partner of Samsung Pay and Welcome Savings Bank, and is the first Korean fintech to partner with leading remittance companies such as Moneygram and Ripple. With more than 40 unique partnerships, SentBe makes it easier, cheaper, and faster to transfer money around the world.
4 [What is the maximum amount I can send to South Korea?]
Legally, when sending foreign currency in Korean won (KRW), the transfer limit is set based on the recipient.
The total money transfer amount that one person (recipient) can receive in 1 year is 50,000 USD.