WOORI BANK

Established in 1999, WOORI BANK is a leading financial institution based in South Korea. It offers a wide range of banking services for both personal and business needs, including inquiries, transfers, deposits, loans, foreign currency services, and banking management solutions. However, it operates without any regulatory oversight.

Pros and Cons

Is WOORI BANK Legit?

While WOORI BANK has a long-established history, it does not have a regulatory license. Without valid regulation, there's no guarantee of consumer protection measures being in place.

Services

WOORI BANK supports inquiry, transfer, deposit, loan, foreign currency trading, banking management, and more (for Personal and Business).

WOORI BANK Fees

WOORI BANK charges fees and offers benefits to foreign customers for remittance services, including:

Remittance Limits: Foreigners can remit up to USD 50,000 per year. Additional remittances may be allowed with proof of salary.

Remittance Fees: A 30% discount is applied to remittance fees, and fees are waived when remitting in Chinese Yuan (CNY).

Foreign Exchange Rates: A 50% discount on foreign exchange rates for USD, JPY, and EUR, and a 30% discount for other currencies.

WIN-CMS Service: The WIN-CMS service incurs a monthly fee of KRW 10,000, which is automatically deducted from the designated fee payment account.