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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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 Posted: Mon Sep 03, 2007 10:59 pm Post subject: f-2 visa: sending money home, contract required? |
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| I have an F-2-1 visa, and wondering if it is still a requirement for the bank to ask for my contract, seeing as I don't need to be employed to be in Korea. Just wondering. |
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Demophobe
Joined: 17 May 2004
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| Posted: Mon Sep 03, 2007 11:16 pm Post subject: Re: f-2 visa: sending money home, contract required? |
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| blaseblasphemener wrote: |
| I have an F-2-1 visa, and wondering if it is still a requirement for the bank to ask for my contract, seeing as I don't need to be employed to be in Korea. Just wondering. |
I don't have to show anything when I go to the bank besides my ARC. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Mon Sep 03, 2007 11:18 pm Post subject: Re: f-2 visa: sending money home, contract required? |
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| Demophobe wrote: |
| blaseblasphemener wrote: |
| I have an F-2-1 visa, and wondering if it is still a requirement for the bank to ask for my contract, seeing as I don't need to be employed to be in Korea. Just wondering. |
I don't have to show anything when I go to the bank besides my ARC. |
I had everything BUT my passport and my KEB branch refused to wire money. I showed them my ARC, 3 credit cards, a couple bills with my address, Korean Driver's License and my Health Insurance.
To save yourself the headache, just take your passport. The KEB person said,
"I just need your passport. I don't need anything else." |
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nobbyken
Joined: 07 Jun 2006
Location: Yongin ^^
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| Posted: Tue Sep 04, 2007 1:14 am Post subject: |
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I believe the bank wanted a contract to prove where the money originated from.
A safe guard against laundering drug money or the like.
ps- Recently I wired money from the UK to my Korean account, and my UK bank had to ask me for approval to proceed; because all swift transactions are monitered by the US now. |
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Masta_Don
Joined: 17 Aug 2006
Location: Hyehwa-dong, Seoul
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| Posted: Tue Sep 04, 2007 1:17 am Post subject: |
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| All that's needed is your passport. They'll write down how much you send out in the back of it. Then once you reach $10,000US you'll have to show proof that it's legit money, like a contract or pay stubs. |
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jbpatlanta
Joined: 02 Jun 2007
Location: Daejeon
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| Posted: Tue Sep 04, 2007 2:47 am Post subject: |
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| Just have your spouse wire it out of the country. That's what I do. No passport, no questions. Very easy, |
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jazblanc77
Joined: 22 Feb 2004
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| Posted: Tue Sep 04, 2007 4:26 pm Post subject: Re: f-2 visa: sending money home, contract required? |
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| blaseblasphemener wrote: |
| I have an F-2-1 visa, and wondering if it is still a requirement for the bank to ask for my contract, seeing as I don't need to be employed to be in Korea. Just wondering. |
Get your significant other send it. That's the only way that NOTHING will ever be questioned and that no limit will ever be placed on the amount you can transfer. Most bankers have no idea what they are doing as far as international money transfers go. |
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jazblanc77
Joined: 22 Feb 2004
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| Posted: Tue Sep 04, 2007 4:27 pm Post subject: |
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| jbpatlanta wrote: |
| Just have your spouse wire it out of the country. That's what I do. No passport, no questions. Very easy, |
If you have her do it by internet banking, it's even better... you don't even have to deal with incompetence from the branch staff. |
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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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| Posted: Tue Sep 04, 2007 5:14 pm Post subject: |
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| Good idea on the spouse and internet banking, thanks muchly! |
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