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Citibank Questions

 
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Ralph



Joined: 27 Jan 2003

PostPosted: Fri Feb 28, 2003 8:37 pm    Post subject: Citibank Questions Reply with quote

if I put my money into Citibank would I be able to withdraw cash from citibank atms outside of Korea? I would like to have this option rather than having to buy travelers cheques when going on vacation. Also, with the instability of this region I was thinking about putting all my cash into an American dollar account. And if that nut Anda is right, and war happens here, would I be insured by Citibank, and would I be able to recover my cash after getting out?
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DF10



Joined: 20 Jan 2003
Location: Ecuador...until April 1...then back to the Soul of Seoul

PostPosted: Sun Mar 02, 2003 6:22 am    Post subject: citibank Reply with quote

I dont know about all that. But I do know that I have citibank in the US and they told me that the Sk citibank is legally a different company and that I would have to open a separate citibank in SK in order to deposit. I hear it is easier to international transfer within the same bank(ie citibank), but havent tried it yet. You would have access to your $ through atms in other countries, but I imagine that that would be true of most SK banks.

Oh, and other than Myong-dong, where are the citis? I am in Nowon-gu.
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canukteacher



Joined: 21 Jan 2003
Location: Seoul, Korea

PostPosted: Wed Mar 05, 2003 2:34 am    Post subject: Reply with quote

I have a Won account and an American dollar account at Citibank. If you check their website it says that residents (NOT just Citizens) can have an international account. I printed this page, and took it into them on 3 different occassions just to double check that my Won account (cannot do it with the US account) was set up for international access. On all three occassions I was told YES. Well, don't believe everything they tell you. I tried my Citibank card in every ATM I could find in Thialand (including Bangkok) and it WOULD NOT work. I have not been back to Citibank since returning from Thialand, so I have no idea what story they will give me when I do go in. Just be careful, and make sure you have a back up source for money. I have a Kookmin account which does allow international access (it worked in Canada), and I have a Korean Mastercard which I have used in both Thailand and Canada.

Hope this helps!

CT
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