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Announcement of Oversea Remittance Fee Revision

07.Mar.2017 08:09

Announcement of Oversea Remittance Fee Revision

Type

Current Fee

New Fee

Remittance Fee

Cable Fee

Remittance Fee

Cable Fee

Inbound Remittance

(Oversea -> PPCBank)

-

-

0.07% of Received amount

(Minimum: USD 10)

-

Outbound Remittance

(PPCBank -> Oversea)

≤ USD 10,000

USD 10

USD 15

≤ USD 1,000

USD 5

USD 15

≤ USD 10,000

USD 10

> USD 10,000

0.12% of Sending amount

> USD 10,000

0.12% of Sending amount

** Effective date: 20-March-2017

Fee exemption:

- Inbound remittance fee (ITT) from JEONBUK BANK and KWANGJU BANK

- Inbound remittance fee (ITT) for Non-Government Organization (NGO) and missionary

    - > Requirement : Providing the license or certificate in order to clarify the NGO

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