South Korea ATM Withdrawal Guide: Fees, Locations, Exchange Rates (2026)

Travelling to South Korea? Here’s a South Korea ATM withdrawal guide for fees & recommended locations to withdraw at with foreign cards.

Need a South Korea ATM withdrawal guide? From the bustling streets of Seoul to the scenic coastlines of Jeju and the lively seafood markets of Busan, South Korea is a must-visit destination. While it’s one of the most cashless societies in the world, having some Korean Won (KRW) on hand can still be useful — especially for street vendors, markets, and smaller shops.

But withdrawing cash in Korea isn’t always straightforward. Unexpected fees and poor exchange rates can catch you off guard if you’re not careful!

That’s where we come in. This guide covers everything you need to know — from where to find ATMs, what fees to expect, and how to get the best KRW exchange rates. Let’s dive in!

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Summary:

• KB Bank & Woori ATMs are known to charge lower ATM withdrawal fees. 
• It’s important to choose a fee-free card, as bank cards typically charge a 2-3% fee for foreign transactions and a 2-8% fee for ATM withdrawals
• YouTrip offers free S$400* in ATM withdrawals every calendar month with zero FX fees
  * A 2% fee is imposed thereafter.

Do you still need cash in Korea?

South Korea is highly digital, with most businesses accepting debit/credit cards and mobile payments. However, you may still need cash for:

• Street food vendors and small restaurants 
• Traditional markets like Gwangjang or Namdaemun Market
• Some taxis (especially in smaller cities)
• Local shops in rural areas 

While you won’t need a large amount of cash, carrying a small amount is still handy.

Related guide: 56 Best Things To Do In Seoul: Top Attractions, Hidden Gems & Local Experiences

Can I withdraw cash in Korea using my debit/credit card?

Yes, most foreign debit and credit cards work at Korea ATMs, but here are some things to keep in mind: 

• Mastercard, Visa, Cirrus, and Plus network cards are widely accepted in Korea.
• Not all ATMs accept foreign cards, so look for those marked “Global ATM” or “Global Services”.

To locate the nearest ATM during your trip, use these global ATM locators: 

• Mastercard ATM locator 
• Visa ATM locator 

Related guide: 14 Best Things To Do In Busan, South Korea

Where to find ATMs in Korea

ATMs are common in South Korea, but not all of them accept foreign cards. Here’s where to find reliable ATMs in Korea:

• Convenience stores — CU, GS25, and 7-Eleven often have ATMs that accept foreign cards
• Subway stations — Many stations have ATMs, but not all support withdrawals with foreign cards 
• Popular tourist areas — Myeongdong, Hongdae, Gangnam, etc.  
• Airports & Hotels — ATMs at Incheon Airport and major hotels typically support withdrawals via foreign cards
  
• Banks:
  1⃣ Woori Bank — Locate your ATM here 
  2⃣ KB Bank — Locate your ATM here 
  3⃣ KEB Hana Bank — Locate your ATM here
  4⃣ Shinhan Bank — Locate your ATM here
  5⃣ Citibank — Locate your ATM here
  6⃣ HSBC — Locate your ATM here
  7⃣ Standard Chartered — Locate your ATM here

Related guide: Cherry Blossom Korea Guide: Forecasts, Festivals & Best Spots

How to withdraw cash at Korea ATMs

Here’s how you can withdraw Korean Won at Korea ATMs with YouTrip in 4 easy steps:

Related guide: Find out more about how to withdraw with YouTrip here

Korea ATM fees

ATM fees in Korea vary depending on the bank and your card provider. Here’s what you need to know:

• Local ATM fees: Some banks charge a 2.43-2.68% ATM withdrawal fee depending on the card and ATM you use. 
• Your Bank’s fees: Your local bank may add its own charges, which could be a fixed amount or a percentage of the withdrawal amount. Do check with your bank before your trip to avoid any surprises!

Related guide: Best Time To Visit Korea By Month

Tips to minimise ATM fees in Korea 

• KB Bank & Woori ATMs are known to charge lower ATM withdrawal fees.
  
• Credit card cash advances come with high fees, so avoid them if possible.
  
• Avoid using bank cards due to high withdrawal fees of 2-8%.
  
• Use a multi-currency card like YouTrip, which offers competitive KRW exchange rates with zero FX fees and offers free monthly ATM withdrawals of S$400. Do note that a 2% fee will be imposed thereafter.
  
• Look for Global ATMs, which often have lower fees for foreign cards.

Related guide: Seoul To Busan: Bus, Train, Plane, Taxi or Car?

Korea ATM cash withdrawal limits  

Korea ATM limits vary, but they’re usually between 400,000 (~S$339) and 1,000,000 KRW (~S$846) per withdrawal.

Related guide: SGD To Korean Won: Capitalise On The South Korean Won Exchange Rate

Exchange rates & conversion fees in Korea

When withdrawing cash at Korea ATMs, you might be asked whether you wish to withdraw in Korean Won (KRW) or Singapore Dollars (SGD). Always choose KRW! If you select SGD, the ATM applies Dynamic Currency Conversion (DCC), which gives you a poor exchange rate with extra fees. 

Related guide: Jeju Car Rental: The Ultimate Guide For Tourists

Tips to avoid extra fees on exchange rates: Use a multi-currency card

Using a multi-currency card like YouTrip, Revolut, or Wise can help you save on currency conversion fees. These cards:

• Let you convert SGD to KRW at real exchange rates.
• Avoid foreign transaction fees that traditional bank cards charge.
• Work at most ATMs and retail stores in Korea.

Here’s a quick comparison between some of the best multi-currency cards in Singapore:

*Rates taken as of 16 Mar 2026

Related guide: Here’s a guide on the best multi-currency cards in Singapore

Korea ATM Safety Tips

• Use ATMs in well-lit, busy areas: Avoid sketchy, isolated machines 

• Check for any ATM tampering: If the card slot or keypad looks dodgy, find another ATM 

• Shield your PIN: Always cover the keypad when entering your PIN to protect yourself from skimming scams. These scams involve criminals installing hidden devices at point-of-sale terminals or gas pumps to capture card data and PINs to create fake cards and make unauthorised transactions.
  
• Check ATM hours: Some ATMs in Korea are unavailable between 11:50 PM and 12:30 AM due to daily maintenance.

Related guide: Brands That Are Cheaper In Korea Than Back Home

Country ATM Guides:

Need fee-free or lower-fee ATM recommendations? Explore our country-specific withdrawal guides:

Malaysia ATM Withdrawal Guide
Japan ATM Withdrawal Guide
Thailand ATM Withdrawal Guide
South Korea ATM Withdrawal Guide
Taiwan ATM Withdrawal Guide
Hong Kong ATM Withdrawal Guide
Indonesia ATM Withdrawal Guide
Vietnam ATM Withdrawal Guide
Australia ATM Withdrawal Guide
Macau ATM Withdrawal Guide

Exchange & lock in best KRW rates with YouTrip!

Getting cash in Korea doesn’t have to be a headache. Stick to KB Bank & Woori ATMs for low local ATM fees, check the fees before hitting “OK”, and keep some smaller Korean Won bills for day-to-day expenses. Plus, don’t forget to bring along your YouTrip card for the best KRW rates all day and enjoy free* S$400 ATM withdrawals monthly! With this guide, you’ll be ready to enjoy Korea without stressing about cash flow. Now go out there and have a blast!

So if you’re looking for a go-to travel card, sign up for your complimentary YouTrip card today with <YTBLOG5> and get FREE S$5 in your account! Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below.  

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Happy travels!

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*The information stated above is true as of 16 March 2026

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