What information do I need to transfer money?
You will typically need:
Recipient's name and surname
Country and city of receipt
Transfer amount
Currency of receipt (if different from the sending currency)
For some services, the recipient's phone number or email address may be required
Do I need a bank account in Korea to send money to Italy?
Not necessarily. Many international services operating in Korea offer cash transfers to Italy, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Korea to Italy, an account will be required.
Are there limits on how much I can send from Korea to Italy?
Yes, most providers have limits on international transfers from Korea to Italy. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Korea to Italy may require identity verification or proof of source of funds.
Can I cancel a money transfer from Korea to Italy after it's sent?
Yes, in most cases, you can cancel a money transfer from Korea to Italy if the funds haven't yet been received in Italy. To do so, contact the provider's support team in Korea or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Korea and Italy.
