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seoulunitarian
Joined: 06 Jul 2004
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 Posted: Fri Oct 05, 2007 2:49 am Post subject: Pension Refund Without Bank Account |
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How would one go about getting a pension refund (of over 5 years) without a foreign (in my case, US) bank account? I closed all accounts before coming here, and have not opened one since. I do, however, have a Korean bank account.
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eirrehs
Joined: 04 Sep 2007
Location: korea
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| Posted: Fri Oct 05, 2007 3:21 am Post subject: |
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| no problem, they can deposit it into your korean bank account. I did it last year. |
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seoulunitarian
Joined: 06 Jul 2004
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| Posted: Fri Oct 05, 2007 4:16 am Post subject: re: |
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| eirrehs wrote: |
| no problem, they can deposit it into your korean bank account. I did it last year. |
How long did it take from the time you applied to the time it was deposited? Thanks.
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eirrehs
Joined: 04 Sep 2007
Location: korea
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| Posted: Fri Oct 05, 2007 4:19 am Post subject: |
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| i got it the next day, but that was a year ago. now they told my co teacher who just returned home that it would take a month. but he did get to choose which account he wanted it deposited into |
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bish
Joined: 09 Jun 2007
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| Posted: Fri Oct 05, 2007 4:56 am Post subject: |
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| Is the Pension refund twice what you pay in over 12 months. (ie your contribution + the employers?) |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Oct 05, 2007 12:22 pm Post subject: |
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| bish wrote: |
| Is the Pension refund twice what you pay in over 12 months. (ie your contribution + the employers?) |
yes |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Sat Oct 06, 2007 3:28 am Post subject: |
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| In regards to pension, do they only put it in your accoutn after you leave teh country? I'm finishing my job in December. It seems that if you applied in November and they paid you in November, you owuld be losing your contribution from December. So my question is, how close to my last day should I be applying. Thanks! |
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ehsann24
Joined: 18 Dec 2006
Location: Korea
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| Posted: Sat Oct 06, 2007 6:38 am Post subject: |
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| I have the same problem as the op....but I do have an account in Malaysia...will they transfer my pension to that account??thats where I will be going at end of december...should I just apply for it in november or ask them to send it to my malaysian account?/thanks |
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daz1979
Joined: 29 Apr 2006
Location: Gangwon-Do
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| Posted: Sun Oct 07, 2007 1:53 am Post subject: |
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| bish wrote: |
| Is the Pension refund twice what you pay in over 12 months. (ie your contribution + the employers?) |
Bish. You will not get a refund immediately when you leave. The joys of being from the UK.  |
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Mr. Pink
Joined: 21 Oct 2003
Location: China
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| Posted: Sun Oct 07, 2007 12:52 pm Post subject: |
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Those who said they got it deposited into their Korean accounts are lucky I guess. I did it last year and they refused flat out to do that. They said since I didn't have a foreign bank account they would send me a money order - which they did.
Thing is, it takes a month for the money order, then another 2 weeks for it to clear.
Next time I do it, I know now don't let my Canadian bank account expire |
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