A Complete Guide to Remittance for International Students: Methods and Precautions
2026.10.20
- As long as you have an ID for identity verification, you can easily sign up non-face-to-face via the app without visiting a bank.
- Through our partnership with Nium, remittances have become faster, enabling same-day transfers to major study abroad destinations (US, UK, Europe, Australia, Singapore, etc.).
- We support local bank transfers, cash pickups, and card transfers, and with zero intermediary and receiving fees, it is ideal for tuition and living expense remittances.
Sending Money to International Students: Key Points to Know
To send tuition and living expenses to student children or family members abroad, you first need an ID for verification: a National ID Card or Driver's License for Korean nationals, or an Alien Registration Card or Passport for foreign nationals. You can easily complete non-face-to-face registration on the Hanpass app using these documents without dealing with cumbersome bank visits.
Transfers are available to major study-abroad destinations such as the US, UK, Europe, Australia, and Singapore. You must select the recipient's payout method by country (bank transfer, cash pickup, card transfer, etc.) and confirm the required details. It is recommended to verify the remittance amount, recipient's English name, local address, local bank code (e.g., BSB for Australia), account number, and card number in advance.
Remittance funds can be easily topped up via bank transfer, convenience store payment, or mobile carrier billing.
Which Payout Method Should You Choose for International Students?
Depending on how the student living abroad prefers to receive tuition and living funds, you can select from bank transfer, cash pickup, or card transfer. (Supported payout methods may vary by country.)
If the student has a local bank account, you can send funds directly to the account most securely and easily by entering the recipient's details and the bank code.
If they have not opened a local bank account yet or need cash urgently for living expenses, cash pickup—collecting cash on the spot at partner locations (Western Union, MoneyGram, etc.) using an ID and reference number—is ideal. Depending on the country, fast and simple card transfers are also available.
| Bank Transfer | Select bank transfer and enter the recipient's English name, local address, bank code, and account number to complete the remittance directly into the student's local account. |
|---|---|
| Cash Pickup | Even without a local bank account, cash can be received quickly at pickup locations such as Western Union or MoneyGram using just the recipient's name and mobile phone number. |
| Card Transfer (UnionPay) | If they hold a UnionPay card, you can send money quickly and conveniently via card transfer without complicated bank account details. |
Required Remittance Details by Country and Payout Method
When making a bank transfer to major countries such as the US, UK, Europe, Australia, and Singapore, recipient details and country-specific bank identification codes are mandatory.
For example, sending money to Australia requires a 6-digit BSB (Bank State Branch) code, which identifies the local bank and branch. Different countries may require Routing Numbers or Sort Codes, so make sure to verify the local bank details with the student before transferring to prevent errors.
For card transfers, recipient contact info and card numbers are required, so it is best to verify these details in advance.
4 Simple Steps to Send Money to International Students
1. Install the Hanpass app and complete non-face-to-face registration without visiting a bank using an ID (National ID Card, Driver's License, etc.).
2. Select the destination country of study (US, UK, etc.) and choose a payout method (Bank Transfer, Cash Pickup, etc.).
3. Accurately enter the recipient's English name, address, local bank account information, etc.
4. Enter the transfer amount, check the total cost and applied exchange rate displayed beforehand on the app, and complete the transfer.
Fees and Remittance Limits
The limit for sending tuition and living expenses without separate supporting documentation is USD 100,000 per year across all financial institutions (for Korean nationals), based on the Foreign Exchange Transactions Regulations effective January 2026. (Per-transaction and daily limits should be checked within the app.)
When you enter the remittance amount, the applied exchange rate and transfer fee will be displayed in advance on the app. Because transfers are processed via pre-funding without going through intermediary banks, there are no expensive intermediary or local recipient fees, making it highly advantageous for students abroad.
Final Checklist Before Remittance
Before confirming the living expense transfer, please double-check the recipient's exact English spelling, local mobile phone number, bank account details (including bank identification code), or card number.
It is recommended to check the applied exchange rate, fee, and estimated payout amount displayed in the app before proceeding. While transfers are fast enough to allow same-day delivery through our Nium partnership, payout arrival times may vary depending on time zone differences and local banking circumstances (weekends, holidays, etc.), so sending with adequate lead time is recommended.