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Remittance

  • 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.


  • 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.