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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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 Posted: Wed Sep 26, 2007 10:17 pm Post subject: Is there a joint bank account? |
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| The wifey and I have not opened a joint bank account. Is there such a thing in Korea? She didn't know... she will check, but just sitting here at work and curious. |
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Alan Partidge
Joined: 29 Nov 2005
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| Posted: Wed Sep 26, 2007 10:33 pm Post subject: |
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It's possible, but it seems like it's unusual.
Some banks say it's illegal, but others don't. |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Wed Sep 26, 2007 10:37 pm Post subject: |
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| I've been told "no" several times on things like bank accounts, leases, etc. It's kind of scary to think that if something happened to my husband, my name would no where on the lease or his bank account, but TIK! |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Wed Sep 26, 2007 10:58 pm Post subject: |
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| Get a will drawn up then. |
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RACETRAITOR
Joined: 24 Oct 2005
Location: Seoul, South Korea
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| Posted: Wed Sep 26, 2007 11:06 pm Post subject: |
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| I have one with KB. |
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uberscheisse
Joined: 02 Dec 2003
Location: japan is better than korea.
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| Posted: Wed Sep 26, 2007 11:27 pm Post subject: |
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i thought korean marriage banking went like this:
1. give wife your paycheck
2. wife gives you allowance
3. shut up and go to work |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Thu Sep 27, 2007 12:52 am Post subject: |
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Years ago I went to several banks enquiring about this. They all said no. Apparently in Korea husbands and wives don't have joint bank accounts.
Then again another poster said he got one through KB Bank.
In the end what we did was this. Bank Account in wifes name but 2 debit cards one in her name one in mine.
In general the Korean banking system is not very sophisticated. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Thu Sep 27, 2007 1:19 am Post subject: |
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| We did have one - a savings account - at KEB some years ago. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Fri Sep 28, 2007 10:10 pm Post subject: |
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Was talking with the lady about dual bank accounts, as I was curious about getting one. Korea doesn't have them, for the most part. Well, they sort of do, but you're only allowed on ATM card, and under restrictions as to how you can take out money.
When I asked why, she said that ten or so years ago, corrupt politicians and police were using dual-person accounts to hide illegal money transfers and payoffs for various illegal activities. Some chaebols and people working for them were involved - and it wasn't just a few people.
Korea's answer was to end dual owner bank accounts.
Sounds a lot like the illegal after-school programs and opening accounts in teachers' names.
More corruption. |
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MissSeoul
Joined: 25 Oct 2006
Location: Somewhere in America
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| Posted: Fri Sep 28, 2007 10:44 pm Post subject: |
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| kat2 wrote: |
| I've been told "no" several times on things like bank accounts, leases, etc. It's kind of scary to think that if something happened to my husband, my name would no where on the lease or his bank account, but TIK! |
In korea you can withdraw money from your husband name only account if you take his " dojang " to bank and if you say the guy who signed on lease paper is your husband, everything work out.
It's a different world/society, I know you can't do that in America/Canada.
My grandmother use to have her own bank account, but it was always me who depost/withdraw money for her, my name wasn't on her bank account, but if I bring her " dojang " to bank, everything was fine. |
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samd
Joined: 03 Jan 2007
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| Posted: Sat Sep 29, 2007 7:32 am Post subject: |
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I have one with Shinhan Bank so when I go home it can be used as evidence of a de facto relationship to help with visa issues etc.
My girlfriend sorted it all out so I don't know the details except that we got rejected from Hana Bank and a couple of others, that we have no ATM card, and that we both need to be present in person to withdraw money. |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Sat Sep 29, 2007 10:12 pm Post subject: |
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| MissSeoul wrote: |
| kat2 wrote: |
| I've been told "no" several times on things like bank accounts, leases, etc. It's kind of scary to think that if something happened to my husband, my name would no where on the lease or his bank account, but TIK! |
In korea you can withdraw money from your husband name only account if you take his " dojang " to bank and if you say the guy who signed on lease paper is your husband, everything work out.
It's a different world/society, I know you can't do that in America/Canada.
My grandmother use to have her own bank account, but it was always me who depost/withdraw money for her, my name wasn't on her bank account, but if I bring her " dojang " to bank, everything was fine. |
Thats great, except neither of us are Korean, so we don't have a dojang! Although if we did, it sounds like I could just steal it and take all his money anyway. Great banking system! |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Sat Sep 29, 2007 10:22 pm Post subject: |
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| Many foreigners have dojangs. For some transactions, a "certified" tojang is mandatory. |
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OiGirl
Joined: 23 Jan 2003
Location: Hoke-y-gun
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| Posted: Sat Sep 29, 2007 11:31 pm Post subject: |
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| Extremely easy and cheap for a foreigner to get a dojang and to get it certified. You just have to know where to go and what to do. |
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