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Korean card that lets you do wire transfers in GSMart ATMs?

 
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inthewild



Joined: 28 Mar 2004
Location: Korea

PostPosted: Fri May 04, 2007 6:48 pm    Post subject: Korean card that lets you do wire transfers in GSMart ATMs? Reply with quote

I noticed while withdrawing money out of one of those generic looking ATMs in the GSmart (other marts have this style too) that there was a wire transfer option. Anyone transferred money home this way?

It said if I sent more than $10,000 home in this way the Korean tax office would be notified. More than $1,000, customs would be notified.

Anyways I tried a transfer... most of the service was in both Korean and English but then it gave me an error message in Korean only saying my card wouldn't work.

It was a Woori Bank BC Card.

What kind of Korean card works in this? JCB? I assume Visa would but those seem to be a bit hard to get. Anyone sent money home this way? I'd prefer a KB card for this... what could I get from them?

Thanks.
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alinkorea



Joined: 02 May 2005

PostPosted: Fri May 04, 2007 6:50 pm    Post subject: Reply with quote

You can't transfer money home from ATMs. To do that you'll need to go into the bank
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inthewild



Joined: 28 Mar 2004
Location: Korea

PostPosted: Fri May 04, 2007 6:56 pm    Post subject: Reply with quote

As I mentioned, if I wire more than certain amounts out they will notify certain govt branches...

Why would they put the Wire Transfer option there and provide info about what happens if I send alot of money out if it's not possible?

More help appreciated.
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Fri May 04, 2007 7:10 pm    Post subject: Reply with quote

alinkorea wrote:
You can't transfer money home from ATMs. To do that you'll need to go into the bank


Really, just yesterday I used my ATM to transfer money to my wife's little sister in Thailand...actually, I use my ATM card every mo to transfer money abroad, never have to wait or converse w/ an annoying bank chick. I bet you feel stupid now, eh? Check it high..... Very Happy

Oh, I almost forgot, for this I use my KEB account.
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Gideon



Joined: 24 Feb 2004
Location: Seoul

PostPosted: Fri May 04, 2007 8:12 pm    Post subject: Reply with quote

spliff wrote:
alinkorea wrote:
You can't transfer money home from ATMs. To do that you'll need to go into the bank


Really, just yesterday I used my ATM to transfer money to my wife's little sister in Thailand...actually, I use my ATM card every mo to transfer money abroad, never have to wait or converse w/ an annoying bank chick. I bet you feel stupid now, eh? Check it high..... Very Happy

Oh, I almost forgot, for this I use my KEB account.


What atm did you use? Was it a KEB atm? How simple is this process? Did you have to apply for it at the branch or was it available after u opened up your account?

I would be interested in changing banks if this were the case.
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Fri May 04, 2007 8:17 pm    Post subject: Reply with quote

Takes two minutes if that. Just go in and fill out the form w/ the transfer details and they'll enable you reg ATM card to do it, mind you you can only transfer to the bank you specify, if you transfer to multiple people/ banks you'll still have to wait for the slow azz teller.
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inthewild



Joined: 28 Mar 2004
Location: Korea

PostPosted: Fri May 04, 2007 11:41 pm    Post subject: Reply with quote

spliff wrote:
Takes two minutes if that. Just go in and fill out the form w/ the transfer details and they'll enable you reg ATM card to do it, mind you you can only transfer to the bank you specify, if you transfer to multiple people/ banks you'll still have to wait for the slow azz teller.


Awesome, I know you don't work for keb but you know how much they charge for that? And can you use a keb bc card or something instead of just the atm card? Thanks.
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dogbert



Joined: 29 Jan 2003
Location: Killbox 90210

PostPosted: Sat May 05, 2007 1:31 am    Post subject: Reply with quote

spliff wrote:
Really, just yesterday I used my ATM to transfer money to my wife's little sister in Thailand.


The water buffalo's still sick?
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Sun May 06, 2007 12:34 am    Post subject: Reply with quote

dogbert wrote:
spliff wrote:
Really, just yesterday I used my ATM to transfer money to my wife's little sister in Thailand.


The water buffalo's still sick?


Who, your mother?

Quote:
Awesome, I know you don't work for keb but you know how much they charge for that? And can you use a keb bc card or something instead of just the atm card? Thanks.


No charge for setting it up and the wire transfer fee is less then the "walk in the bank" one...around 10,000 per transfer.
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