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Korean Job Discussion Forums
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elliemk
Joined: 01 Jul 2007
Location: Sparkling Korea!
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 Posted: Thu Sep 20, 2007 5:18 am Post subject: FEDEX, DSL, or ? to send traveler's check to U.S.A.? |
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Which is the best shipping service. Since it only costs about $30 to send a traveler's check to the U.S.A., it will be less than sending money via wire transfer (with fees on both ends). So, what's your advice as to what service I should use? I finally get paid for the first time tomorrow - Yeah 
Thanks as always for your help. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Sep 20, 2007 5:59 am Post subject: |
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To the USA? FEDEX all the way!
Lots of complaints about DSL doing stupid things, like opening transcripts lately.
I always use FEDEX near COEX/Kangnam. |
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eddie1983man
Joined: 31 May 2007
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| Posted: Thu Sep 20, 2007 6:04 am Post subject: |
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Well it only costs me W18,000 at Deagu Bank to wire transfer , and approx W5000 at my bank in NA to recieve.
are you sure its cheaper to courier a travelers cheque? |
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elliemk
Joined: 01 Jul 2007
Location: Sparkling Korea!
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| Posted: Thu Sep 20, 2007 6:08 am Post subject: |
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| No, I guess I'm not sure. I'll go by the bank tomorrow and find out. Thanks for the help. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Sep 20, 2007 6:08 am Post subject: Re: FEDEX, DSL, or ? to send traveler's check to U.S.A.? |
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| elliemk wrote: |
Which is the best shipping service. Since it only costs about $30 to send a traveler's check to the U.S.A., it will be less than sending money via wire transfer (with fees on both ends). So, what's your advice as to what service I should use? I finally get paid for the first time tomorrow - Yeah
Thanks as always for your help. |
Go to the post offfice and use EMS.
1/2 of the price of the others for the SAME service.
300 grams for 14,400 won or EMS premium 18k won for 500 grams. |
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davai!
Joined: 04 Dec 2005
Location: Kuwait
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| Posted: Thu Sep 20, 2007 6:17 am Post subject: |
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or 650 won if you use an airmail envelope.
**You have to be willing to wait a week for the deposit. |
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elliemk
Joined: 01 Jul 2007
Location: Sparkling Korea!
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| Posted: Thu Sep 20, 2007 6:20 am Post subject: |
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| Sorry to sound so dull, but what is EMS? Is that Express Mail Service? Is it as reliable and safe as FedEx, DSL, etc.? |
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Cynical Optimist
Joined: 26 Feb 2006
Location: S.E. Korea
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| Posted: Thu Sep 20, 2007 6:53 am Post subject: |
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| What are the rules on this? Is it safe to send a few grand like this? Any issue with the legality of it? |
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davai!
Joined: 04 Dec 2005
Location: Kuwait
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| Posted: Thu Sep 20, 2007 7:08 am Post subject: |
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Getting travelers' checks is legal. They will stamp your passport with the amount you transfer (which can be up to the amount you make from your legal job with proof/ up to $10,000 USD per visit without proof of earnings).
They are safe, too, if you make sure to hold on to the receipts in a safe place. Also, do not send them without signing them:
You sign them in both signature spaces, address them to yourself, then flip them over and endorse them with FOR DEPOSIT ONLY on the back and put your acc't. number. Now, send them to your bank with a deposit slip (or even with just a note) and wait for the money to deposit. From here to my bank in L.A., it never took more than a week.
**Make sure to get airmail envelopes in advance and wrap the checks in a sheet of paper before you seal it with tape. If they ask at the post office, just smile and say, "letter, uh huh, uh huh...." It helps to not put XXXX BANK as the address. Try to use a code, like BofA...
This is, I believe, the cheapest, surest way to send money home. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Sep 20, 2007 7:12 am Post subject: |
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| davai! wrote: |
Getting travelers' checks is legal. They will stamp your passport with the amount you transfer (which can be up to the amount you make from your legal job with proof/ up to $10,000 USD per visit without proof of earnings).
They are safe, too, if you make sure to hold on to the receipts in a safe place. Also, do not send them without signing them:
You sign them in both signature spaces, address them to yourself, then flip them over and endorse them with FOR DEPOSIT ONLY on the back and put your acc't. number. Now, send them to your bank with a deposit slip (or even with just a note) and wait for the money to deposit. From here to my bank in L.A., it never took more than a week.
**Make sure to get airmail envelopes in advance and wrap the checks in a sheet of paper before you seal it with tape. If they ask at the post office, just smile and say, "letter, uh huh, uh huh...." It helps to not put XXXX BANK as the address. Try to use a code, like BofA...
This is, I believe, the cheapest, surest way to send money home. |
Actually, I prefer a money order (5000 won) payable to xxxxx and marked "for deposit to the account of the payee".
Send it in an airmail envelope (less than 1000 won for envelope and stamp).
Safe, secure, replaceable if lost or stolen, LEGAL and worry free.
Takes 7-10 days from mailing to deposit. |
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Cynical Optimist
Joined: 26 Feb 2006
Location: S.E. Korea
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| Posted: Thu Sep 20, 2007 7:23 am Post subject: |
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| ttompatz wrote: |
| davai! wrote: |
Getting travelers' checks is legal. They will stamp your passport with the amount you transfer (which can be up to the amount you make from your legal job with proof/ up to $10,000 USD per visit without proof of earnings).
They are safe, too, if you make sure to hold on to the receipts in a safe place. Also, do not send them without signing them:
You sign them in both signature spaces, address them to yourself, then flip them over and endorse them with FOR DEPOSIT ONLY on the back and put your acc't. number. Now, send them to your bank with a deposit slip (or even with just a note) and wait for the money to deposit. From here to my bank in L.A., it never took more than a week.
**Make sure to get airmail envelopes in advance and wrap the checks in a sheet of paper before you seal it with tape. If they ask at the post office, just smile and say, "letter, uh huh, uh huh...." It helps to not put XXXX BANK as the address. Try to use a code, like BofA...
This is, I believe, the cheapest, surest way to send money home. |
Actually, I prefer a money order (5000 won) payable to xxxxx and marked "for deposit to the account of the payee".
Send it in an airmail envelope (less than 1000 won for envelope and stamp).
Safe, secure, replaceable if lost or stolen, LEGAL and worry free.
Takes 7-10 days from mailing to deposit. |
Do they need to see your passport to issue a money order? I assume you just tell them to issue it in US$ and there's no issue with that? How much money can you put on one money order? 1K? 5K? |
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elliemk
Joined: 01 Jul 2007
Location: Sparkling Korea!
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| Posted: Thu Sep 20, 2007 7:42 am Post subject: |
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| Thanks for the great advice! |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Sep 20, 2007 7:45 am Post subject: |
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| Cynical Optimist wrote: |
| ttompatz wrote: |
| davai! wrote: |
Getting travelers' checks is legal. They will stamp your passport with the amount you transfer (which can be up to the amount you make from your legal job with proof/ up to $10,000 USD per visit without proof of earnings).
They are safe, too, if you make sure to hold on to the receipts in a safe place. Also, do not send them without signing them:
You sign them in both signature spaces, address them to yourself, then flip them over and endorse them with FOR DEPOSIT ONLY on the back and put your acc't. number. Now, send them to your bank with a deposit slip (or even with just a note) and wait for the money to deposit. From here to my bank in L.A., it never took more than a week.
**Make sure to get airmail envelopes in advance and wrap the checks in a sheet of paper before you seal it with tape. If they ask at the post office, just smile and say, "letter, uh huh, uh huh...." It helps to not put XXXX BANK as the address. Try to use a code, like BofA...
This is, I believe, the cheapest, surest way to send money home. |
Actually, I prefer a money order (5000 won) payable to xxxxx and marked "for deposit to the account of the payee".
Send it in an airmail envelope (less than 1000 won for envelope and stamp).
Safe, secure, replaceable if lost or stolen, LEGAL and worry free.
Takes 7-10 days from mailing to deposit. |
Do they need to see your passport to issue a money order? I assume you just tell them to issue it in US$ and there's no issue with that? How much money can you put on one money order? 1K? 5K? |
They will probably ask for your passport. It is a bank thing, not a legal requirement.
You can get them in almost any currency.
You can get them up to US$1500 or the currency of choice equivalent.
If you need one bigger than that, then get a cashiers cheque / bank draft (good for $10 - $10,000,000.00). |
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peppermint
Joined: 13 May 2003
Location: traversing the minefields of caddishness.
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| Posted: Thu Sep 20, 2007 9:23 am Post subject: |
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| The only catch with these sorts of things is that sometimes the bank back home will put a hold on your money for a week or so. |
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Cynical Optimist
Joined: 26 Feb 2006
Location: S.E. Korea
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| Posted: Thu Sep 20, 2007 3:22 pm Post subject: |
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| ttompatz wrote: |
They will probably ask for your passport. It is a bank thing, not a legal requirement.
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So if I don't have my passport, I could get a friend to get a cashier's check made for me -- any prob with that? |
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