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International Debit Cards Discrimination
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cangel



Joined: 19 Jun 2003
Location: Jeonju, S. Korea

PostPosted: Fri Apr 13, 2007 6:40 am    Post subject: Reply with quote

Thanks for all the useful info. When I started this thread, I was angry and now I am even more angry. This is blatant discrimination. A coworker stated that Korea is having a problem with too many teachers doing privates and living off that money and thus not putting their legitimate-earned income back into the economy, hence the new rules. True? I have no idea. BS? Most certainly. I can't imagine the pickle some of the posters could have gotten in to having been unable to use their "international Cirrus/PLUS/Maestro" cards on holiday. I assume there is nothing we can do about it... My uni will transfer my income (free of charge) to my stateside account which is great but hen I get tapped for the ATM charges. Might be worth it just to circumvent these discriminatory #@!%s.
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Young FRANKenstein



Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)

PostPosted: Sun Apr 15, 2007 4:37 am    Post subject: Reply with quote

cangel wrote:
A coworker stated that Korea is having a problem with too many teachers doing privates and living off that money and thus not putting their legitimate-earned income back into the economy, hence the new rules.

Your coworker is an idiot. What about the 100,000+ LEGITIMATE workers here who can't spend THEIR OWN money in another country?
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hogwonguy1979



Joined: 22 Dec 2003
Location: the racoon den

PostPosted: Sun Apr 15, 2007 5:13 am    Post subject: Reply with quote

I sent a message to EFL-Law about this and the guy is working on getting me the exact law about this.
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Vicissitude



Joined: 27 Feb 2007
Location: Chef School

PostPosted: Sun Apr 15, 2007 9:31 am    Post subject: Reply with quote

Young FRANKenstein wrote:
cangel wrote:
Has anyone with a domestically issued Korean debit card (Plus or Cirrus) actually used the card outside Korea? She said I could get a PLUS card but it would be invalid outside Korea.

My Shinhan card worked in Japan, Thailand, France, Switzerland, and Germany. Oh, and Canada.

Vicissitude wrote:
I'm really angry at this banking policy you are speaking about. How on earth are we suppose to get our money out of a Korean bank after the pension office deposits it? .

Have them deposit it into your home account. It's one of the options they give you.


Thanks but it's a private pension and not the dependable national pension. Also, I don't have a "home" bank account anymore. I am working in another country where I have an account now and they should deposit the money there where I can access it.
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Vicissitude



Joined: 27 Feb 2007
Location: Chef School

PostPosted: Sun Apr 15, 2007 9:37 am    Post subject: Reply with quote

cangel wrote:
Thanks for all the useful info. When I started this thread, I was angry and now I am even more angry. This is blatant discrimination.


In Korea, blatant discrimination against foreigners is perfectly legal. I can't tell you how many times...


Is that considered culture shock? To be refused service at restaurants etc. and run off from entering establishments? Koreans complain that it's only fair because they get the same treatment in the USA, Canada, UK, Australia and everywhere else outside of Korea. I seriously doubt if it's that bad.
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The Bobster



Joined: 15 Jan 2003

PostPosted: Sun Apr 15, 2007 11:33 am    Post subject: Reply with quote

cangel wrote:
Has anyone with a domestically issued Korean debit card (Plus or Cirrus) actually used the card outside Korea? She said I could get a PLUS card but it would be invalid outside Korea.

Yes, I've had one. Worked wonders for me in Bangkok, San Francisco, and Osaka, too. Amazing, though it didn't seem so at the time. I walked up to any ol' ATM in either city and took as much out as wanted in the local currency at the best exchange rates available ...

It was an account my wongjamnim asked me to open when I started working for him, even though I already had another account at another bank. He said, "This will make it easier for you to take your money out when you go back to your own country."

That was several years ago. Maybe the regs have changed, or as others have said, it differs from bank to bank or from clerk to clerk.


Last edited by The Bobster on Mon Apr 16, 2007 9:01 am; edited 1 time in total
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tzechuk



Joined: 20 Dec 2004

PostPosted: Sun Apr 15, 2007 5:16 pm    Post subject: Reply with quote

I've had one from KEB for, oh, 5 years now.

Last year when we wen to Taiwan, I took minimal cash with me and was relying on the card to give me cash..

I was so shocked when the card wouldn't work in certain banks! I was almost dying because I was running out of cash! Anyway, we finally went to the Bank of Taiwan or something and got money out. Phew!

I think if you have a card and it doesn't work in one bank, try another and another until you find one that works.
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dogbert



Joined: 29 Jan 2003
Location: Killbox 90210

PostPosted: Sun Apr 15, 2007 6:50 pm    Post subject: Reply with quote

hogwonguy1979 wrote:
I sent a message to EFL-Law about this and the guy is working on getting me the exact law about this.


http://cafe.naver.com/bohumlove.cafe?iframe_url=/ArticleRead.nhn%3Farticleid=10521
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tzechuk



Joined: 20 Dec 2004

PostPosted: Sun Apr 15, 2007 7:26 pm    Post subject: Reply with quote

dogbert wrote:
hogwonguy1979 wrote:
I sent a message to EFL-Law about this and the guy is working on getting me the exact law about this.


http://cafe.naver.com/bohumlove.cafe?iframe_url=/ArticleRead.nhn%3Farticleid=10521


Dogbert, you tease!

Don't just stick a korean website up here. Translate, please!!!!

Also: you might be pleased to know that Letty has been weaned.
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Milwaukiedave



Joined: 02 Oct 2004
Location: Goseong

PostPosted: Sun Apr 15, 2007 7:28 pm    Post subject: Reply with quote

I tried a couple of times and just plaining gave up on getting one. My wife is going to transfer my money through her account anyway. Somethings are not worth the hassle especially if your going to be told "no" all the time.
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DCJames



Joined: 27 Jul 2006

PostPosted: Sun May 20, 2007 6:31 am    Post subject: Reply with quote

Milwaukiedave wrote:
I tried a couple of times and just plaining gave up on getting one. My wife is going to transfer my money through her account anyway. Somethings are not worth the hassle especially if your going to be told "no" all the time.


I disagree completely.

If you make enough of a stink with the Koreans and it becomes an issue that bothers them or hinders them from doing their jobs, they WILL review and change the rules..
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superacidjax



Joined: 17 Oct 2006
Location: Seoul

PostPosted: Sun May 20, 2007 8:08 am    Post subject: Reply with quote

Young FRANKenstein wrote:
cangel wrote:
A coworker stated that Korea is having a problem with too many teachers doing privates and living off that money and thus not putting their legitimate-earned income back into the economy, hence the new rules.

Your coworker is an idiot. What about the 100,000+ LEGITIMATE workers here who can't spend THEIR OWN money in another country?


Most Koreans ARE idiots, when it comes to financial, legal or economic matters.
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superacidjax



Joined: 17 Oct 2006
Location: Seoul

PostPosted: Sun May 20, 2007 8:11 am    Post subject: Reply with quote

Vicissitude wrote:
cangel wrote:
Thanks for all the useful info. When I started this thread, I was angry and now I am even more angry. This is blatant discrimination.


In Korea, blatant discrimination against foreigners is perfectly legal. I can't tell you how many times...


Is that considered culture shock? To be refused service at restaurants etc. and run off from entering establishments? Koreans complain that it's only fair because they get the same treatment in the USA, Canada, UK, Australia and everywhere else outside of Korea. I seriously doubt if it's that bad.


They don't get that treatment. They are full of it if that what they think. In the States, if an establishment tried to do that, they'd be sued out of business as fast as someone could dial a phone.
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aquagirl



Joined: 09 Jan 2007

PostPosted: Fri May 25, 2007 2:37 am    Post subject: debit cards Reply with quote

I'm with KB Bank. When I joined the bank they told me I could use my ATM card overseas because it has the cirrus/maestro logo. Anyway last month I went to Italy and my card wasn't accepted by any of the machines I tried, while my Korean friend's card was accepted everywhere.
Today I went to 2 branches of KB Bank to try and sort the problem out. The first branch in COEX mall told me there must have been a mistake when the card was issued because even though it has the cirrus/maestro logo foreigners who had cards issued after 2005 cannot use them overseas.
I went to the second branch and the teller told me I could get a new card and that it would be no problem for me to use it overseas. We get to the end of the process and suddenly some kind of error message pops up on her computer screen so she called the head office. Then she told me she was very sorry but she had no idea that a new law that was apparently enacted 2 years ago would prevent me from getting a international debit card. She was very apologetic and agreed that this new "law" was ridiculous and unfair towards foreigners.
I came home and called 4 other banks - Hana, Shinhan, Citibank and KEB - they all told me it was impossible for a foreigner to get an international debit card. I asked them what would happen if a foreigner decided to live here long term and marry a Korean national. They told me that the only way for a foreigner to get this elusive international debit card is if they become a Korean citizen.
I was curious as to whether foreigners living and working in Japan receive the same treatment so I called Citibank in Japan and China Trust Bank and ICBC Bank in China and was told that I would automatically be issued with an international debit card that I could use throughout the world when I opened a bank account in either country.
Korea really needs to take a good hard look at this blatant discrimination against foreigners if it wants foreigners to live and work here.
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superacidjax



Joined: 17 Oct 2006
Location: Seoul

PostPosted: Fri May 25, 2007 3:32 am    Post subject: Re: debit cards Reply with quote

aquagirl wrote:
Korea really needs to take a good hard look at this blatant discrimination against foreigners if it wants foreigners to live and work here.


Your damned right. I'm inclined to keep my money out of the Korean banking system completely. If every foreigner in the country did that, the banks would start to listen.. that's a significant loss of revenue.
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