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How to avoid DCC at ATMs in South Korea

DCC check

DCC (Dynamic Currency Conversion) is the ATM's offer to charge you using a dollar-denominated rate. Choose KRW (the local currency) so your card network or issuer applies the exchange rate instead. This is often cheaper.

local currency (KRW) may save $0.02

Choosing "Decline" still dispenses cash. Declining DCC is different from canceling the withdrawal.

Choose this on the ATM

  • “Decline Conversion”
  • “Continue Without Conversion”
  • “Without Conversion”

ATM English term guide

WITHDRAWAL
Withdrawal
SAVINGS
Savings account (often debit)
CREDIT
Credit / cash advance
CHECKING
Checking account
PIN
PIN

Estimated for a 100,000 KRW withdrawal. The actual difference depends on your card's FX terms.

DCC status by ATM

  • Hana Bank（ハナ銀行）
    AvoidableEstimated
  • IBK（中小企業銀行）
    AvoidableEstimated
  • KB Kookmin Bank（KB国民銀行）
    AvoidableEstimated
  • Shinhan Bank
    AvoidableVerified
  • Woori Bank（ウリ銀行）
    AvoidableEstimated
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