Best Banking & Money Apps in Korea (2026)
Short answer
Mobile banks and remittance for foreigners living in Korea. Our top pick is Toss — Korea's money super-app for residents.
Opening a Korean bank account as a foreigner takes residency and paperwork, but mobile-first banks like KakaoBank and Toss make onboarding far simpler for residents with an Alien Registration Card (ARC).
For moving money across borders, services like Wise usually beat traditional banks on rate and fees.
At a glance
| App | English | Korean number | Korean card | Price |
|---|---|---|---|---|
 Toss | Partial | Yes | Yes | Free |
 KakaoBank | Partial | Yes | Yes | Free |
 Wise | Full | No | No | Free app + transfer fees |
The apps
Toss
토스
Banking & Money
Korea's money super-app for residents
Some EnglishNeeds Korean number + cardFree
KakaoBank
카카오뱅크
Banking & Money
Mobile bank app for Korea-based residents
Some EnglishNeeds Korean number + cardFree
Wise
Banking & Money
International transfers before and after your Korea move
English OKFree app + transfer fees
Frequently asked
Can foreigners open a Korean bank account?
Residents with an Alien Registration Card (ARC) can — KakaoBank and Toss offer foreigner-friendly mobile onboarding. Short-term tourists generally cannot.
What's the cheapest way to send money to or from Korea?
Wise typically beats banks on exchange rate and fees for international transfers and is widely used by expats in Korea.