Saving on Remittance Fees: Wise vs Toss vs DBS

At a Glance

• 2026 Regulation Changes: The annual limit for remittance without supporting documents has been increased to USD 100,000 (approx. KRW 135 million).
• Service Highlights: Wise is best for small amounts, Toss for convenience, and DBS Remit for salary transfers.
• Taxes and Reporting: While funds entering Singapore are tax-free, be sure to check your overseas account reporting obligations in Korea.

When you first arrive in Singapore, one of the biggest questions is: what's the best way to send money back to Korea?

When I first settled here, it felt like such a waste to lose tens of dollars in fees every time I transferred my hard-earned salary to my Korean account.

Especially with the changes in Korea starting from 2026...