Korean ATMs: withdrawing money in South Korea without fees

By Clem | Apr 4, 2018
Asia > South Korea

If you own a foreign credit card, such as a Visa or a Mastercard, most ATMs in South Korea will have withdrawal fees (usually from around ₩3,000 to around ₩5,000) for international transactions. This can quickly add up if you like to withdraw regularly small amounts of cash. Here is a list of the main ATMs that you can run into:

Bank Withdrawal fees
KB Kookmin Bank (KB국민은행) No
Busan Bank No
Shinhan Bank (신한은행) Some of their ATMs have fees, some do not
Citibank Korea Some of their ATMs have fees, some do not
Woori Bank (우리은행) Yes
KEB Hana Bank (Korea Exchange Bank) Yes
NH Bank (Nonghyup Bank / 농협은행) Yes
Industrial Bank Of Korea (IBK / 기업은행) Yes

If an ATM has fees, it is legally obligated to prompt you. You'll see a screen such as "this operation has a fee of ₩4500, do you wish to continue?". If this happens, just press "no" to cancel the transaction and go find another ATM.

The ATMs you can find in convenience stores will almost all have fees.

South Korea Central Bank, Seoul

South Korea Central Bank, Seoul

ATM Banking Budget

Share this tip:

Written by Clem
Hi! I'm Clem, co-founder of Triptipedia. Contact me directly at clem@triptipedia.com

There are 14 comments
Natasha

Natasha
Nov 21, 2019 at 04:18

KB Kookmin currently have withdrawal fees of 3500, same as Busan bank. Only NH Nonghyup is free of withdrawal fees


Ute

Ute
Oct 26, 2019 at 01:05

Tried Shinan and Kookmin - both wanted to charge me 3500 on a 20000 withdrawal. That's really excessive!


Akbar

Akbar
Oct 11, 2019 at 17:13

Excuse me, is there any limit withdrawal if we want to take money in korea atm with mastercard? How much the limit in 1 month?


Tom

Tom
May 20, 2019 at 04:54

Couldn't find one in Busan. I tried all those supposedly without fees on the list, but they all asked for a fee (usually 3500). I ended up paying...


daavid
Apr 16, 2019 at 17:35

Can I use my ICICI bank (india) debit card to withdraw money from KB kookmin bank ATM in seoul with 0% charges?


Tzipporah
Mar 22, 2019 at 17:58

Great thanks! No extra fees for me with a KB Kookmin Bank ATM in Seoul.


Thoughts? Questions?

See also

Accommodations

Tours and activities

Nong Nooch Cultural Village Tickets With Round Trip Hotel Transfers

Enjoy discovering Nongnooch Garden, the world class of elegant tropical botanical garden collection of international plants in 50 natural gardens with a varied program of Thai cultural and traditional performances in the days of the Ayutthaya Kingdom.The garden was turned into a tourist attraction fully equipped with accommodation, a swimming pool.

Night View of Delhi Tour - 4 Hrs

Explore India's capital city at night and see the colorful culture come to life in a new way. Enjoy some of the famous spots of Delhi by night. Follow your friendly guide through the urban landscape in a private air-conditioned vehicle and experience the thrill of Delhi at night.

Coronavirus Information & Resources