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About SBI Cosmoney Remittance
SBI Cosmoney Remittance makes cross-border money transfers fast, affordable, and simple. Send money to family and friends across 14+ countries with exchange rates that work in your favour — and at a fraction of what traditional banks charge.
Cut your remittance costs dramatically. Users save an average of 242,000 KRW annually compared to conventional methods, with rates up to 90% cheaper. You get optimal exchange rates every single time you send, with no hidden fees or surprises.
Complete a transfer in under three minutes from your phone. The app's streamlined design guides you through registration and payment setup without technical jargon. Because you don't need to visit a branch, the entire process happens on your schedule — no appointments, no waiting in queues. Available in your own language for a truly personal experience.
Your recipients get money their way. Choose from bank deposits, ATM card transfers, cash pickups, or mobile wallets — whatever works best for your family abroad. The service supports US, Canada, Australia, UK, China, Vietnam, the Philippines, Singapore, Malaysia, Indonesia, Cambodia, Nepal, Thailand, Myanmar, and more countries launching soon.
Send around the clock, every day of the year. Real-time status updates in the app let you track your transfer from the moment it leaves to when it arrives. Whether it's 3 AM on a Sunday or noon on a weekday, your money moves when you need it to.
Trust built on solid foundations. SBI Cosmoney holds official approval from the Korean government as a licensed foreign currency remittance company. As a trusted affiliate of SBI Group — one of the world's largest financial institutions — your transfers are protected by industry-leading security systems with zero recorded wire transfer errors. Your money arrives safely, every time.
Multilingual support is available across eight languages, with customer service ready on weekdays and weekends. ID verification uses your camera or photo gallery during signup to keep the process secure and straightforward.
Download SBI Cosmoney Remittance and start sending money home affordably today.
Pros & Cons
Pros
- Send money to 14+ countries in under three minutes from your phone
- Exchange rates up to 90% cheaper than traditional banks with no hidden fees
- Recipients can receive via bank deposit, ATM card, cash pickup, or mobile wallet
- Real-time transfer tracking and 24/7 availability, including weekends and holidays
- Government-licensed remittance service backed by SBI Group's security infrastructure
Cons
- Customer service support limited to weekdays and weekends only, not true 24/7
- Requires camera or photo gallery access for ID verification during signup
- Service currently covers only 15 countries, limiting options for some users
- Android-only availability with no iOS or desktop version mentioned
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