Supported payout methods
| Payout method | Currencies | Typical timing |
|---|---|---|
| HOFINET | KRW | 0-1 business days |
| International Wire Transfer | See below | 0-3 business days |
HOFINET
Korean HOFINET domestic bank transfer systemSupported currencies
KRW
Timing
| Attribute | Value |
|---|---|
| Processing window | Same day |
| Typical delivery | 0-1 business days |
| Business day dependency | Yes |
| Supports instant | Yes |
Transaction limits
| Limit type | Value |
|---|---|
| Minimum | None |
| Maximum | 1,000,000,000 KRW |
Fields
Payout Method Type
Value:
KoreaHofinetRouting Type
Value:
bank_codeBank Code
3-digit number to identify a Korean bankValidation:
- Exactly 3 characters.
- Must match this regular expression:
^[0-9]{3}$
001Account Number
Account number (7-16 alphanumeric characters)Validation:
- Between 7 and 16 characters (inclusive).
- Must match this regular expression:
^[0-9A-Za-z]{7,16}$
1234567890International Wire Transfer
International wire transfer via SWIFT networkSupported currencies
AOA, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, COP, CZK, DKK, EGP, EUR, GBP, GMD, HKD, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, LSL, MAD, MGA, MWK, MYR, NAD, NGN, NOK, NZD, PEN, PHP, PLN, PYG, RON, RWF, SEK, SGD, THB, TRY, USD, UYU, VND, XAF, XOF, ZAR, ZMW
Timing
| Attribute | Value |
|---|---|
| Processing window | Business days |
| Typical delivery | 0-3 business days |
| Business day dependency | Yes |
| Supports instant | No |
Transaction limits
| Limit type | Value |
|---|---|
| Minimum | None |
| Maximum | None |
Fields
Payout Method Type
Value:
SwiftInternationalCurrency
Value: One of
AOA, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, COP, CZK, DKK, EGP, EUR, GBP, GMD, HKD, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, LSL, MAD, MGA, MWK, MYR, NAD, NGN, NOK, NZD, PEN, PHP, PLN, PYG, RON, RWF, SEK, SGD, THB, TRY, USD, UYU, VND, XAF, XOF, ZAR, ZMWRecipient Bank SWIFT/BIC Code
8 or 11 character SWIFT code of recipient bankValidation:
- Between 8 and 11 characters (inclusive).
- Must match this regular expression:
^[A-Z]{6}[A-Z0-9]{2}([A-Z0-9]{3})?$ bic
KOEXKRSERouting Type
Value:
bicIntermediary Bank SWIFT/BIC (Optional)
Required if routing through correspondent bankValidation:
- Between 8 and 11 characters (inclusive).
- Must match this regular expression:
^[A-Z]{6}[A-Z0-9]{2}([A-Z0-9]{3})?$ bic
CHASUS33Account Number
Validation:
- Between 7 and 16 characters (inclusive).
- Must match this regular expression:
^[0-9A-Za-z]{7,16}$
39112345612345Notes
- All payments sent via SWIFT will be instructed such that the full value of the payment should credit the beneficiary. However, Acclaim is not in control of intermediary bank adherence to SWIFT messages and cannot guarantee that the beneficiary bank will not charge their account holder for receipt of payment.