Sending money across borders isn’t as simple as it sounds. Your local bank can’t just send funds directly to someone in Korea. It has to go through a chain of other banks, called correspondent banks, to get there. Each bank in the chain adds its own fees, slows things down, and increases the chances of delays. That’s why international transfers can take 2-5 working days (sometimes longer), cost up to 10%, and leave you guessing where your money went along the way. But that’s starting to chang...

Sending money across borders isn’t as simple as it sounds. Your local bank can’t just send funds directly to someone in Korea. It has to go through a chain of other banks, called correspondent banks, to get there. Each bank in the chain adds its own fees, slows things down, and increases the chances of delays. That’s why international transfers can take 2-5 working days (sometimes longer), cost up to 10%, and leave you guessing where your money went along the way. But that’s starting to chang...