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
