SBI Cosmoney

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Transaction fee

Up to 80%

cheaper than banks
Fast! Easy!

Overseas Remittance

SBI Cosmoney’s overseas remittance service eliminate the shortcoming and tradeoffs of traditional remittance services.Now, you can send money internationally in a safe and secure manner with the utilization of secure blockchain technology.We are currently serving Vietnam, Indonesia, the Philippines, Cambodia, China, and Nepal. In the future, we will expand and support more countries.

Why SBI Cosmoney?

  • Cheep

    Low transaction fees

    Unlike traditional remittances that require multiple fees, our transaction fees are cheaper because we do not use the services of an intermediary bank.

  • Speed

    Faster transfer time

    Traditional remittance services have a reputation of being slow, with transfer times of roughly 2-3 days. At SBI Cosmoney, we can transfer your money in just 5 minutes to 1 day depending on the country.

  • Safe

    Safest technology

    The easier it is to send money, the more safety and security you need. SBI provides maximum security and data encryption for a worry-free remittance.

Transfer Procedure

  1. 1 Sign-up

    Sign-up

    Sign-up using Email / Phone number verification

  2. 2 Personal verification

    Personal verification

    Register your personal ID and bank account for identity verification.

  3. 3 Remittance Request

    Remittance Request

    Click Transfer to enter the amount, sender and recipient information.

  4. 4 Deposit

    Deposit

    Deposit the requested amount to your virtual account from Kwangju Bank

  5. 5 Process completed

    Process completed

    You can check the transfer status in your transaction history and be notified when your money arrives

Time required for transfer

Min 5 Min ~ Max 1 day

The transfer time may be delayed due to local legal regulations, market conditions, system conditions, etc., compared to the estimated time.

Transfer limit

USD 3,000 per transaction,
USD 30,000 per year

(Legally, Transfer limit)

The minimum / maximum amount of remittance may vary depending on the country's laws / regulations and the cooperative bank's circumstances

※ You are now able to transfer KRW 3 million won per transaction
and KRW 30 million won per year from SBI Cosmoney.