Incheon Airport: Can You Use Us Dollars?

If you're travelling through Incheon Airport and are wondering whether you can use US dollars there, you'll be glad to know that currency exchange is available at the airport. While some sources suggest that shops at the airport may accept USD, you may get an unfavourable exchange rate. Therefore, it is recommended to exchange your money for the local currency, KRW, at one of the bank branches or money exchangers located within the airport.

Incheon Airport has currency exchange booths

Incheon International Airport has currency exchange booths available for travellers who need to convert their money into the local currency. These booths are located within the airport, allowing you to take care of your currency exchange needs upon arrival or before departure. The booths are typically open from 06:00 to 21:00, but some may operate until 22:00 or even 24:00. It is recommended to check the hours and locations in advance, as they can vary by bank.

While some outlets at Incheon Airport may accept USD or credit card payments, you may encounter unfavourable exchange rates. To avoid this, it is advisable to exchange your currency beforehand or utilise a service like Creatrip, which offers competitive exchange rates at Incheon Airport. Their airport pickup currency exchange reservation service allows you to conveniently exchange currency and collect additional items.

If you have a long layover or plan to purchase souvenirs, having local currency can be beneficial. Credit cards may also be accepted at some locations, but it is always a good idea to carry some cash. By exchanging your currency at the airport, you can ensure you have the right form of payment for any purchases or expenses that may arise during your time in South Korea.

The currency exchange booths at Incheon Airport provide a convenient option for travellers who need to convert their money. Remember to compare exchange rates and be mindful of any additional fees or charges to make the most of your money. With proper planning, you can start your trip well-prepared and ready to navigate any financial transactions during your stay in South Korea.

You can use credit cards at Incheon Airport

Credit cards are accepted at various cafes and restaurants in the airport, including McDonald's and KFC, which are open 24 hours. You can also use your credit card to buy a T-Money card, a prepaid transportation card that can be used to pay for public transportation in cities across Korea, including buses and subways. However, you won't be able to add credit or reload the T-Money Card with a credit card; only cash is accepted for recharging.

If you are paying in USD, be aware that you may get an unfavourable exchange rate. It is recommended to work out what a decent rate is and then adopt the right currency to pay in.

ATMs at Incheon Airport accept foreign cards

When arriving at Incheon International Airport, you have two options to get cash: convert your home country cash into won at the airport or use an ATM to withdraw money. While some sources suggest that you can use your credit or debit card at Incheon Airport, it is important to note that not all ATMs in South Korea accept international bank cards.

ATMs can be found in each terminal at Incheon Airport. If you choose to use an ATM, be aware that you will likely have to pay a transaction fee, which is typically between $3 and $5. To avoid multiple fees, it is recommended to withdraw larger amounts of cash that you think you will use. Before using your card at an ATM in South Korea, it is essential to notify your bank or card company that you will be travelling internationally. If you do not do this, your card may be declined or limited by the bank's fraud department due to a sudden spike in overseas card use.

Additionally, there is legislation in South Korea that covers the amount of cash a foreigner can withdraw from an overseas bank account. The limit is set at USD 5,000 per day or USD 10,000 per month. However, if your home bank has a lower daily cash withdrawal limit, that limit will apply instead. It is recommended to use ATMs that are marked 'Global Services or Global ATM' and display the Visa/Mastercard logo. Even with these logos, some ATMs may not accept foreign cards, so it is advised to try different ATMs if your card is initially refused.

It is worth noting that some travellers have reported success using their US debit cards at Incheon Airport, including for bus ticket machines. However, others have suggested that using a foreign debit or credit card in South Korea may involve some trial and error to find compatible ATMs.

Incheon Airport has two sets of prices, in KRW and USD

If you're looking to use USD at Incheon Airport, you may be able to get by with just your credit cards for snacks and souvenirs. However, if you pay in USD, you may get an unfavourable exchange rate. Most outlets at the airport will have two sets of prices, one in KRW and one in USD, and they will offer you the choice. It is recommended that you work out what a decent exchange rate is and then adopt the right currency to pay in.

If you wish to exchange your USD for KRW, you can do so at the airport. Currency exchange is available at bank branches and money exchangers located within the airport. The hours and locations vary by bank, so it is recommended to check in advance. One source suggests using the Creatrip currency exchange service, which offers rates similar to Myeongdong directly at Incheon Airport. Another source recommends using the currency exchange service provided by Shinhan Bank, which is conveniently located right after you get your bags.

You can reserve currency at Incheon Airport

Yes, you can reserve currency at Incheon Airport. This can be done through the Creatrip Currency Exchange Service, which is available at both Incheon Airport Terminal 1 and Terminal 2.

Firstly, check the Creatrip Airport Exchange Rate Calculator to compare rates and see how much you can save through Creatrip's service. Then, make a reservation by letting them know the time, date, and amount you would like to exchange. You will need to pay a deposit of 10,000 KRW when making a reservation, which will be refunded the day after the exchange. After making your reservation, you will be provided with the exact location of the exchange through a voucher via email. The currency exchange staff are on standby from 10:00 to 20:00 KST.

The exchange rates on the Creatrip Exchange Rate Calculator are updated once every hour, and your reservation will be processed based on the rate that is available at that time. It is important to note that after making a reservation, you cannot make changes to the exchange amount or cancel your reservation. If you wish to modify your personal information, you can do so by contacting Creatrip.

If you are unable to find the location, you can add the SNS ID on the voucher and contact 'Money Box' via the airport's free Wi-Fi.

Frequently asked questions