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  • You can deposit money to your ICBC Korea account by following one of the steps as below:
    1. Deposit cash or cheque into your account using the Be*Twin Check Card at a nearby ATM.
    2. Wire-transfer your money using another commercial bank card at a nearby ATM.
    Select KB Kookmin Bank as the beneficiary bank and insert the KB Virtual Account number written on the Be*Twin Check Card.
    3. Visit a commercial bank branch that offers inter-bank transfer and deposit your money by inserting either of the following information:
    (1) Beneficiary Bank – ICBC
    Beneficiary Account – Checking Account (KRW) number opened at ICBC Korea branch.
    (2) Beneficiary Bank – Kookmin Bank
    Beneficiary Account - KB Virtual Account number written on your Be*Twin Check Card
     
  • Yes, you can.
    As long as your foreign payments are permitted under the Foreign Exchange Transactions Act and you possess the contract and invoice signed by the beneficiary, you can transfer the money up to the amount specified in those documents.
    If you are the representative of your own business, you should present the certificate of inscription and a certificate confirming your real name. If you are a proxy, you should present the certificate of inscription, certificate of seal impression, the sealed power of attorney, and a certificate confirming your real name.
  • The general FX remittance fee is as follows (as of Jun 2015).
     
    Remittance Remittance Fee T/T Fee
    Less than KRW 8mil KRW8,000 per transaction KRW7,000 per transaction
    KRW 8mil ~ KRW 20mil Remittance in KRW*0.1% per transaction KRW7,000 per transaction
    More than KRW 20mil KRW20,000 per transaction KRW7,000 per transaction

     
  • Yes, it is.
    Not only the KRW deposits but also the FX deposits in your account is protected by the KDIC under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this bank including principal and designated interest.
     
  • Name of the beneficiary, beneficiary account number, beneficiary’s phone number, full name of ICBC in English, and SWIFT CODE of ICBC Korea.
    Please refer to the following table for details.
     
    Name of Beneficiary in English The name written in the application form must be equivalent to the name registered with our bank.
    Beneficiary Account Number Number of a bank account opened at ICBC Korea branch (14 or 19 digits)
    Beneficiary’s Phone Number Phone number in effect
    ICBC Full Name in English INDUSTRIAL AND COMMERCIAL BANK OF CHINA
    *If necessary, please add the name of the branch, where you opened your account, in English.
    (SEOUL / BUSAN / DAELIM / KONKUK UNIV. BRANCH)
    SWIFT CODE of ICBC Korea ICBKKRSEXXX
    * This information was provided for your reference only, and thus, the remitting bank may require further information based on its working standards.
  • Yes, you can.
    But the beneficiary may receive the money a day later than the cash remittance.
     
  • Please contact the branch below.

    Seoul Branch : 02-3788-6617
    Busan Branch : 051-463-8788
    Daelim Branch : 02-836-6815
    Konkuk Univ. Branch : 02-3409-8900
  • Name of the beneficiary in English, beneficiary account number, names of the beneficiary bank and the branch, and the Chinese ID number of the beneficiary.
  • Name of the beneficiary in Chinese, beneficiary account number, names of the beneficiary bank and the branch, the Chinese ID number of the beneficiary, and the detail address of the beneficiary
     
  • If you are a Korean individual, you will need a certificate confirming your real name, e.g. a national ID card, a driver’s license, or a passport. If you are a foreign individual, you will need both the passport and the alien registration card in effect.
     
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