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Remittance
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Global Outward Remittance
KBank, who is entrusted by the remitter, pays a certain amount of fund to the designated beneficiary through the correspondent bank.
Compared with import L/C and documentary collection, outward remittance has the advantages
of simple procedures and low cost, fast and simple process with broad applicable scope.
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Global Inward Remittance
KBank will receive funds transferred from a foreign country on behalf of customers for product and service payment etc. Then, the fund transfer as instructed by the transferor in a foreign country will be credited to the customer's account.