WireBarley, a fintech company specializing in international remittances, has announced that it expanded its services and that customers can now add Southern California-based Korean-American bank, Bank of Hope account to make international money transfer.
According to WireBarley, users can now link their Bank of Hope accounts via the WireBarley mobile app or website to facilitate overseas money transfers, including transactions to South Korea. To enable this feature, users simply need to select Bank of Hope during the bank account linking process.
WireBarley utilizes the Automated Clearing House (ACH) system to offer fast and convenient international remittance services.
The company is officially registered as a small-scale international remittance provider with South Korea’s Ministry of Economy and Finance.
In the U.S., WireBarley operates in partnership with Community Federal Savings Bank and holds authorization from the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury, to conduct international money transfers.
BY HOONSIK WOO [woo.hoonsik@koreadaily.com]
