| Available | Yes |
targetCurrency | Korean Won (KRW) |
countryCode | KR |
| Earliest beneficiary credit | real-time |
| Cut-off time (UTC) | N/A |
| Decimal places | 0 |
Minimum targetAmount | 1 |
Maximum targetAmount | 1000000000 |
| API field name | Required? | Field length | Description |
|---|---|---|---|
bankDetails.beneficiaryAccountNumber | ✅ | 11-16 | Account number of the beneficiary (bank). |
bankDetails.swiftBic | ✅ | 8 or 11 | The SWIFT BIC is the Bank Identification Code of the beneficiary bank. |
bankDetails.bankName | ✅ | Max 35 | Name of the beneficiary bank. |
bankDetails.bankCode | ✅ | 3 | Enter your bank code, which is exactly 3 digits in length |
bankDetails.swiftBic | Strongly recommended | 8 or 11 | The SWIFT BIC is the Bank Identification Code of the beneficiary bank. |
parties.personalDetails.partyTypeCode | ✅ | 4 | Type of the party. Must be:
|
parties.personalDetails.typeCode | ✅ | 4 | Entity description code for the party. Available values:
|
parties.personalDetails.titleCode | Conditional | 4 | Title code for the individual. Available values:
Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.firstName | Conditional | Max 50 | Beneficiary first name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.middleName | ❌ | Max 50 | Beneficiary middle name. |
parties.personalDetails.lastName | Conditional | Max 50 | Beneficiary last name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.companyName | Conditional | Max 140 | Full name of the organization. Important Failure to provide the full name could result in delays and potential rejection of your payment. This must consist of 2 words, separated by a space. To whitelist any other naming format please contact your Relationship Manager Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.dateOfBirth | Strongly recommended | 10 | Beneficiary's date of birth in YYYY-MM-DD format. |
parties.personalDetails.email | Strongly recommended | Max 50 | Beneficiary's email address. |
parties.personalDetails.telephony.phoneNumber | ✅ | 5-34 | Beneficiary's phone number. |
parties.personalDetails.telephony.prefix | ✅ | 1-3 | Beneficiary's phone number prefix. |
parties.address.street | Strongly recommended | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) house number/name and street e.g. 1 Main Street. |
parties.address.additionalAddressLine | ❌ | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) address e.g. apartment no., unit, studio. |
parties.address.city | Strongly recommended | Max 35 | Beneficiary's city or town of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.postcodeOrZipCode | ❌ | Max 16 | Beneficiary's postal code or zip code of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.countryCode | Strongly recommended | 2 | Beneficiary's country of their residential (if payee is an individual) or registered (if payee is a company) address. Enter the 2 character ISO 3166-1 standard country code in your API request. |
Important
Additional data is required if the requester of the payout is either:
| Available | Yes |
targetCurrency | Korean Won (KRW) |
countryCode | KR |
| Earliest beneficiary credit | T+1 |
| Cut-off time (UTC) | 15:00 |
| Decimal places | 0 |
Minimum targetAmount | 1 |
Maximum targetAmount | 99999999 |
| API field name | Required? | Field length | Description |
|---|---|---|---|
purposeOfPaymentNarrative | ✅ | Max 35 | Description for purpose of payment. |
bankDetails.beneficiaryAccountNumber | ✅ | 11-16 | Account number of the beneficiary (bank). |
bankDetails.swiftBic | ✅ | 8 or 11 | The SWIFT BIC is the Bank Identification Code of the beneficiary bank. |
bankDetails.bankName | ✅ | Max 35 | Name of the beneficiary bank. |
parties.personalDetails.partyTypeCode | ✅ | 4 | Type of the party. Must be:
|
parties.personalDetails.typeCode | ✅ | 4 | Entity description code for the party. Available values:
|
parties.personalDetails.titleCode | Conditional | 4 | Title code for the individual. Available values:
Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.firstName | Conditional | Max 50 | Beneficiary first name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.middleName | ❌ | Max 50 | Beneficiary middle name. |
parties.personalDetails.lastName | Conditional | Max 50 | Beneficiary last name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.companyName | Conditional | Max 140 | Full name of the organization. Important Failure to provide the full name could result in delays and potential rejection of your payment. This must consist of 2 words, separated by a space. To whitelist any other naming format please contact your Relationship Manager Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.dateOfBirth | Strongly recommended | 10 | Beneficiary's date of birth in YYYY-MM-DD format. |
parties.personalDetails.email | Strongly recommended | Max 50 | Beneficiary's email address. |
parties.personalDetails.telephony.phoneNumber | ✅ | 5-34 | Beneficiary's phone number. |
parties.personalDetails.telephony.prefix | ✅ | 1-3 | Beneficiary's phone number prefix. |
parties.address.street | ✅ | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) house number/name and street e.g. 1 Main Street. |
parties.address.additionalAddressLine | ❌ | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) address e.g. apartment no., unit, studio. |
parties.address.city | ✅ | Max 35 | Beneficiary's city or town of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.postcodeOrZipCode | ✅ | Max 16 | Beneficiary's postal code or zip code of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.countryCode | ✅ | 2 | Beneficiary's country of their residential (if payee is an individual) or registered (if payee is a company) address. Enter the 2 character ISO 3166-1 standard country code in your API request. |
Important
Additional data is required if the requester of the payout is either:
Important
If the amount is between USD 5,000 and USD 50,000 then the beneficiary will be contacted by the partner bank branch in South Korea to provide his/her national ID (for first payment).
Important
For payments above USD 50,000, the partner bank branch in South Korea will directly contact the beneficiary to obtain required documentation to evidence the purpose of payments and the payment will be processed only after receipt of this documentation.
Important
KRW payment instructions to a beneficiary account with Kakao Bank (beneficiary bank) will be returned and will not be processed.
| Available | Yes |
targetCurrency | Available WIRE currencies |
countryCode | KR |
| Earliest beneficiary credit | The estimated delivery time will vary by country and currency. |
| Cut-off time (UTC) | Currency specific |
| Decimal places | 0 |
Minimum targetAmount | 1 |
Maximum targetAmount | 9999999 |
| API field name | Required? | Field length | Description |
|---|---|---|---|
bankDetails.beneficiaryAccountNumber | ✅ | Max 20 | Account number of the beneficiary. |
bankDetails.bankCode | ❌ | Max 35 | Bank code of the beneficiary (bank). |
bankDetails.branchCode | ❌ | Max 35 | Branch code of the beneficiary (bank). |
bankDetails.swiftBic | ✅ | 8 or 11 | The SWIFT BIC is the Bank Identification Code of the beneficiary bank. |
bankDetails.bankName | ✅ | Max 35 | Name of the beneficiary bank. |
parties.personalDetails.partyTypeCode | ✅ | 4 | Type of the party. Must be:
|
parties.personalDetails.typeCode | ✅ | 4 | Entity description code for the party. Available values:
|
parties.personalDetails.titleCode | Conditional | 4 | Title code for the individual. Available values:
Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.firstName | Conditional | Max 50 | Beneficiary first name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.middleName | ❌ | Max 50 | Beneficiary middle name. |
parties.personalDetails.lastName | Conditional | Max 50 | Beneficiary last name. Full name should be provided (no initials). Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.companyName | Conditional | Max 140 | Full name of the organization. Important Failure to provide the full name could result in delays and potential rejection of your payment. This must consist of 2 words, separated by a space. To whitelist any other naming format please contact your Relationship Manager Condition Mandatory if parties.personalDetails.typeCode is:
|
parties.personalDetails.dateOfBirth | Strongly recommended | 10 | Beneficiary's date of birth in YYYY-MM-DD format. |
parties.personalDetails.email | Strongly recommended | Max 50 | Beneficiary's email address. |
parties.personalDetails.telephony.phoneNumber | Strongly recommended | 5-20 | Phone number of the beneficiary. |
parties.personalDetails.telephony.prefix | Strongly recommended | 1-3 | Phone dialing country code of the beneficiary. |
parties.address.street | Strongly recommended | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) house number/name and street e.g. 1 Main Street. |
parties.address.additionalAddressLine | ❌ | Max 35 | Beneficiary's residential (if payee is an individual) or registered (if payee is a company) address e.g. apartment no., unit, studio. |
parties.address.city | Strongly recommended | Max 35 | Beneficiary's city or town of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.postcodeOrZipCode | ❌ | Max 10 | Beneficiary's postal code or zip code of their residential (if payee is an individual) or registered (if payee is a company) address. |
parties.address.countryCode | Conditional | 2 | Beneficiary's country of their residential (if payee is an individual) or registered (if payee is a company) address. Condition Mandatory if any of the optional beneficiary address details are provided. Enter the 2 character ISO 3166-1 standard country code in your API request. |
Important
Additional data is required if the requester of the payout is either: