Site Search:
 
TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Sending money home to Canada....
Goto page 1, 2  Next
 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> FAQ
View previous topic :: View next topic  
Author Message
Kim Jong Jordan



Joined: 13 Mar 2004
Location: The Internet

PostPosted: Thu Jul 15, 2004 7:12 pm    Post subject: Sending money home to Canada.... Reply with quote

I know that this topic has been posted to death, but I am still curious as to how one goes about setting up a Korean bank account (before going to Korea if it has to even be done before leaving Canada), and then how one sends money home on a monthly basis. This is an important thing for me to take care of before I leave so I was wondering if any of you had some relevant and recent info about this, particularly you Canadians out there.

Thanks
Back to top
View user's profile Send private message
peppermint



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

PostPosted: Thu Jul 15, 2004 7:23 pm    Post subject: Reply with quote

when you get to Korea you just walk into a bank with your passport or ARC, and ask for an account. It shouldn't take too long to set up. When you get paid, bring your pay stub ( some banks ask for it) and your bank info in Canada. Tell thm that you'd like to wire money and you have to sign a form and away it goes.
Back to top
View user's profile Send private message
Eazy_E



Joined: 30 Oct 2003
Location: British Columbia, Canada

PostPosted: Thu Jul 15, 2004 7:50 pm    Post subject: Reply with quote

The language barrier can be an issue, so your employer should probably help you out with getting an account in your name.

Make sure you get the transfer information from your Canadian bank before you leave.
Back to top
View user's profile Send private message
Grotto



Joined: 21 Mar 2004

PostPosted: Fri Jul 16, 2004 1:44 pm    Post subject: bank Reply with quote

When opening a bank account in Korea you should always use your passport...if you use your ARC card you have to close it at the end of the year when you leave.

As I am coming back I am keeping the same account I am just changing my bank card to an international one then I can use the ATM's in Canada to access my account here.
Back to top
View user's profile Send private message
beast



Joined: 28 Jan 2003

PostPosted: Sat Jul 17, 2004 1:08 am    Post subject: Reply with quote

I stick a million Won into a soju bottle each month, cork it and throw it into the Han River. It always gets where it's supposed to go.
Back to top
View user's profile Send private message
rodneyc863



Joined: 01 Jun 2006

PostPosted: Wed Jul 12, 2006 5:50 pm    Post subject: Reply with quote

I did some reading up on transferring money back home (im in Canada) and wanted to ask a few questions

1) Its better to convert WON in Korea into my home currency instead of bringing the WON home to Canada and converting it here right?

2) Im only going to be making like 2.6million won for 4 weeks. So with this amount, whats the best way to get it back home?

Travellers cheques made out in my home currency?
Just totally converting the whole sum into my home currency?
Having the bank wire transfer it back home to my own bank?

Any advice would be greatly appreciated. Thanks!
Back to top
View user's profile Send private message
Kim Jong Jordan



Joined: 13 Mar 2004
Location: The Internet

PostPosted: Wed Jul 12, 2006 8:35 pm    Post subject: Reply with quote

just transfer it to your home account
Back to top
View user's profile Send private message
rodneyc863



Joined: 01 Jun 2006

PostPosted: Fri Jul 14, 2006 11:09 am    Post subject: Reply with quote

To transfer it back to my home account, do i simply bring my passport into my Korean bank and give them my home account information and tell them to transfer it back?

How about the exchange rate and stuff?
Back to top
View user's profile Send private message
Kim Jong Jordan



Joined: 13 Mar 2004
Location: The Internet

PostPosted: Sat Jul 15, 2006 5:12 am    Post subject: Reply with quote

yes, that is what you do. the exchange rate changes daily so when it is to your liking you can make the transfer.
Back to top
View user's profile Send private message
rodneyc863



Joined: 01 Jun 2006

PostPosted: Sat Jul 15, 2006 10:45 pm    Post subject: Reply with quote

Sorry just to further clarify

When i attain my personal bank information i need to provide

Bank Name
Country
Personal Bank Account #

and.......?

Before i leave i just want to make sure i get all my bank information in hand and then go.
Back to top
View user's profile Send private message
chronicpride



Joined: 16 Jan 2003

PostPosted: Sun Jul 16, 2006 4:44 am    Post subject: Reply with quote

and transfer number/swift code
Back to top
View user's profile Send private message Visit poster's website
geedog



Joined: 17 Apr 2006
Location: Seoul, SK

PostPosted: Sat Aug 12, 2006 6:07 pm    Post subject: Reply with quote

Is there a limit to how much money you can send home per year? Any worries about the CRA and taxes??
Back to top
View user's profile Send private message
Dr Crazy



Joined: 03 Sep 2006

PostPosted: Thu Sep 07, 2006 4:19 am    Post subject: transferring money Reply with quote

the best way si to setup an account at the KEB whcih has english help. then ask for a second card for the reaosn. or get two accounts one at KB and KEB and then send one ATM card to Canada. It is CHEAPER and EASIER to get this done. If you dont trust ayone to do this then you are stuck with wire and high fees.
Back to top
View user's profile Send private message MSN Messenger
xox



Joined: 11 Jun 2006
Location: Bundang

PostPosted: Fri Sep 22, 2006 12:41 am    Post subject: Reply with quote

I have a bank account with KEB now. So it should be easier to send money home correct? I asked for internet banking and they asked me how much I would like to send to Canada and said I can do it online. But I've been going through the entire thing and found no way to enter information of my bank in Canada all I've seen are Korean banks.
So is the only way to send money home is to go to the bank and do it?
As well how long does it usually take for the money to make it into the Canadian bank account?
Back to top
View user's profile Send private message
thu_tinh



Joined: 27 Sep 2006

PostPosted: Sun Oct 08, 2006 4:19 am    Post subject: Reply with quote

What do I say to the tellers if I want to transfer money home at KEB?
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> FAQ All times are GMT - 8 Hours
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2013 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International