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sending money overseas..HOW??
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kittyfye



Joined: 23 Feb 2004
Location: South of Seoul..way south

PostPosted: Mon May 17, 2004 6:50 pm    Post subject: sending money overseas..HOW?? Reply with quote

Having been here about two months it is now time to start sending the cash back to the States. I have two creditors who do not accept money transfers from banks and will not take a Western Union transfer as a payment [b/c they have to send someone to West Un office to pick it up]. Since I do not have a credit card [bad credit], I assumed that I could simply pirchase a money order and send it overseas snail mail, but my KB Bank manager told me that money orders are 'very, very difficult', which I believe is his polite way of telling me that they dont handle money orders. Who does issue money orders, if anyone?

Any suggestions?
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peppermint



Joined: 13 May 2003
Location: traversing the minefields of caddishness.

PostPosted: Mon May 17, 2004 6:56 pm    Post subject: Reply with quote

Transfer it to an account in your home country, and then give the creditors post dated checques?
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oneiros



Joined: 19 Aug 2003
Location: Villa Straylight

PostPosted: Mon May 17, 2004 7:03 pm    Post subject: Reply with quote

Whenever I asked for something "difficult", CHB would always tell me to go to Korean Exchange Bank. They might be worth a try.
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kangnamdragon



Joined: 17 Jan 2003
Location: Kangnam, Seoul, Korea

PostPosted: Mon May 17, 2004 8:15 pm    Post subject: Reply with quote

Purchase a money order at another bank or remit money to someone at homewho may write a check for you or remit money to your account at home and send checks from Korea.

Or: If you are American: Send money to your bank. Attatch it to MSN bill pay or Yahoo bill pay and you can pay your bills on the internet.
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Toby



Joined: 15 Jan 2003
Location: Wedded Bliss

PostPosted: Tue May 18, 2004 2:42 am    Post subject: Reply with quote

KEB are good for that.

I sent home today. The first time you do it it takes a while, but I sent today, cost me 12,000 to send and took about 5 minutes.

Open an account and send from them. They are good.
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dulouz



Joined: 04 Feb 2003
Location: Uranus

PostPosted: Tue May 18, 2004 3:42 am    Post subject: Bank Card Reply with quote

Yea, I got card with the cirrus network from KookMin. I got 2, sent one home and dad takes out $1,000, $100 at a time when I tell him. We are not made aware of any charges at the bank in the states ie $1.00 fee but I havent confirmed the fees on this end. Too detailed and too afraid to get involved in that much detail.

This outrageous but I do send cash in the mail albeit registered. Shocked
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Tinyteg



Joined: 06 May 2004
Location: Gwangju

PostPosted: Wed May 19, 2004 8:14 pm    Post subject: Reply with quote

I just sent money home (UK) and the first time i went in there it took 15 minutes to do. Pretty speedy and it cost me 12,000 won in transfer fees.
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cellphone



Joined: 18 Feb 2004

PostPosted: Thu May 20, 2004 8:46 am    Post subject: Reply with quote

Just saw the thread. I also am rather new to Korea and haven't even opened a bank account and done alot of the other basics.

Question, is the general concensus that KB*B (that famous chain bank) just about the best or one of most recommended? I guess you see them all over town and from the sense I'm getting is they have good service? More importantly thought I saw a few people say they used KB*B to do money transfers back home (for me home is U.S.).

Also, is KEB same as KB*B or completely different? Just thought I'd ask because it would be nice to select one of the all around best banks to start off with.
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funplanet



Joined: 20 Jun 2003
Location: The new Bucheon!

PostPosted: Fri May 21, 2004 5:28 am    Post subject: Reply with quote

KB will issue foreign currency cheques...just ask them to do it!!!
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kangnamdragon



Joined: 17 Jan 2003
Location: Kangnam, Seoul, Korea

PostPosted: Fri May 21, 2004 5:31 am    Post subject: Reply with quote

cellphone wrote:


Question, is the general concensus that KB*B (that famous chain bank) just about the best or one of most recommended? I guess you see them all over town and from the sense I'm getting is they have good service? More importantly thought I saw a few people say they used KB*B to do money transfers back home (for me home is U.S.).

.


Welcome. Here is a poll about the best banks:

http://www.eslcafe.com/forums/korea/viewtopic.php?t=6639
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KuroBara



Joined: 15 Oct 2008
Location: Goyang-Si with a bit of Paju mixed in

PostPosted: Sun Jan 04, 2009 10:22 am    Post subject: Reply with quote

Sorry to resurrect this topic, but I am just trying to get everything ready to come over. When I get to Korea, I know I want to open an account with KEB. What do I need to do to be able to transfer my money from KEB to my account here in the US? If I have read everything correctly, it seems like I just need to tell KEB that I want internet banking and provide them with my US account info. Is this correct? Please, please help!!
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Sapa



Joined: 05 Nov 2007

PostPosted: Fri Feb 06, 2009 7:01 pm    Post subject: Reply with quote

your better off going into your current home bank and asking them what you would need to provide to pay money into your account. They can then give you your IBAN number and whatever else you need.
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samantha27



Joined: 07 Jan 2009
Location: Seoul

PostPosted: Sun Feb 15, 2009 1:11 am    Post subject: Reply with quote

International debit card.
Get 2.
Keep 1
Send 1 home

Have someone you trust withdrawl from your account and deposit it into you American account
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Nova Scotian Guy



Joined: 13 Mar 2009

PostPosted: Sat Mar 14, 2009 9:35 am    Post subject: Reply with quote

Thank you this was very useful.
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sheilabocchine



Joined: 11 Feb 2009
Location: Phoenix, AZ

PostPosted: Mon Mar 16, 2009 1:50 pm    Post subject: Reply with quote

Samantha! That is the answer I was searching for! I was wondering this same thing!

Thanks!!!
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