You can deposit funds using Local Money Transfer in Korea by accessing the Client Portal, selecting your trading account, and completing the payment through the supported provider. 

Eligibility & Requirements 

1. Available only to residents of Korea.

2. Deposit limits: Minimum KRW 10,000  – Maximum KRW 20,000,000

3. A one-time bank account verification (penny drop) is required before your first deposit

Bank Transfer Rules

1. Only transfers from your verified bank account will be accepted.

2. You must complete the deposit within 30 minutes, as the session may expire.

3. Ensure to copy paste the exact bank details given on screen to complete the transaction

Bank Account Verification (One-Time Setup)

1. A one-time bank account verification (penny drop) is required to process deposits and withdrawals.

2. You will be required to provide your name, bank name, bank account number, and a verification code.

3. Ibeepay will send a small deposit (1–2 KRW) to your bank account, which includes a 4-digit verification code in the transaction details.

4. Please ensure that the same bank account is used for both verification and future deposits to avoid processing issues.

5. Once verified, the bank account cannot be changed in the system. If you need to change your bank account, please contact Customer Support.

6. For security reasons, Axi does not store or have access to your bank account details. If you need to retrieve or confirm your account information, please contact IbeePay directly.

Steps to Complete 

1. Log in to the Axi Client Portal 

2. Click Fund on the trading account you wish to deposit into 
   Note: Depositing into the wrong account may result in delays due to internal transfer processing.

3. Select Local Money Transfer as your payment method 

4. Enter the deposit amount (KRW or USD) 
   Note: Exchange rates are system-generated and refresh every 10 minutes 
   

5. Review details and click Make Deposit 
   

6. You will be redirected to the payment provider page, read the requirements and click "Next"
   

7. Accept the Terms and Conditions and Terms of Service and click “Next” to proceed with bank account verification
   

8. Enter your bank account details as requested.
   

9. Check your bank account for the small deposit (1–2 KRW) sent by Ibeepay and locate the 4-digit verification code in the transaction details.
   

10. Enter the code on the verification page to complete verification.

11. On the deposit request page, transfer the funds manually from your verified bank account using the bank details provided on screen and click "Check".
    Note: You are not required to upload a transfer receipt
    

12. Deposit successful notification will pop-up if your deposit has gone through. 
    

13. You can also check your dashboard to confirm that the funds have been credited.