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Have international bank cards been stopped now/
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mrsquirrel



Joined: 13 Dec 2006
PostPosted: Tue Oct 09, 2007 3:23 am    Post subject: Have international bank cards been stopped now/ Reply with quote
Talking to another poster tonight, he was talking to Nonghyup HQ today trying to get a Cirrus/Maestro card and was told that since the laws have just recently changed that their cards will no longer work outside of Korea.

Is this just the same old story being rehashed by the banks or have they actually implemented new laws?
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea
PostPosted: Tue Oct 09, 2007 4:02 am    Post subject: Re: Have international bank cards been stopped now/ Reply with quote
mrsquirrel wrote:
Talking to another poster tonight, he was talking to Nonghyup HQ today trying to get a Cirrus/Maestro card and was told that since the laws have just recently changed that their cards will no longer work outside of Korea.

Is this just the same old story being rehashed by the banks or have they actually implemented new laws?


hard to say from your information.

New rule: New accounts for unregistered foreigners - they CANNOT have an ATM card or ATM access via their bankbook for the first 3 months. All transactions MUST be done at the counter. This would preclude getting an international card.

If the foreigner was registered (has an ARC) or the account is more than 3 months old then it was either same 'ol - same 'ol or a misinterprestation of the new rule.

Your guess would be as good as mine.

.
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul
PostPosted: Tue Oct 09, 2007 5:25 am    Post subject: Reply with quote
Go to a different bank, they are full of shiznit unless you are a newbie to Korea as ttompatz mentioned.
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Young FRANKenstein



Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
PostPosted: Tue Oct 09, 2007 6:01 am    Post subject: Re: Have international bank cards been stopped now/ Reply with quote
mrsquirrel wrote:
Is this just the same old story being rehashed by the banks or have they actually implemented new laws?

Sounds like the same old rehashed BS. My card works outside of Korea.
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan
PostPosted: Tue Oct 09, 2007 6:57 am    Post subject: Reply with quote
My SC-Jaeil and Woori ATM cards, Shinhan charge card and Shinhan credit card are all working fine here in Germany.

But, there are issues with new arrivals at all banks and with international ATM's at some banks.
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mrsquirrel



Joined: 13 Dec 2006
PostPosted: Tue Oct 09, 2007 1:05 pm    Post subject: Reply with quote
Maybe that is the story then, he has just opened an account but he has been here for a couple of years.

Are the bank officers taken on BS spouting courses?
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jaderedux2



Joined: 09 Jul 2007
Location: lurking just lurking
PostPosted: Tue Oct 09, 2007 1:13 pm    Post subject: Reply with quote
At Kookmin bank on their PRINTED material it states that federal regulations state they can not issue an international debit card to foreigners.

I don't worry too much I have International credit card I can get cash advances if I am in a bind but most banks and I am not saying all will not issue an international debit card. I read the pamphlet while trying to convince them I was not a Colombian drug lord laundering money. Was trying to send some money to my brother for his birthday. Laughing Laughing

Oh and getting a wire here from outside Korea also puts you in the "they might be a Colombian drug lord" as they are getting $150 from some lady claiming to be their mom. Hmmpf heard that before. Laughing Laughing

I am so happy I am soon to be done with this place.

Jade
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jinks



Joined: 27 Oct 2004
Location: Formerly: Lower North Island
PostPosted: Tue Oct 09, 2007 4:26 pm    Post subject: Reply with quote
Earlier this year, I took my KB ATM card to the bank to make sure it would work in New Zealand. The teller wouldn't activate my ATM card for overseas use, citing KB policy that disallows foreigners from using their card at ATMs overseas. It makes me SICK that they are even allowed to print this xenophobic, racist *beep* on their pamphlets. Instead of using my ATM card as and when I needed cash in NZ - and paying a hefty fee each time, no doubt - I transferred all my month's pay to my bank in NZ and used my kiwi card during my vacation. After three years with KB, I am seriously considering changing banks because of this ridiculous anti-foreigner banking policy.
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mrsquirrel



Joined: 13 Dec 2006
PostPosted: Tue Oct 09, 2007 4:27 pm    Post subject: Reply with quote
what about the discrimination laws?:
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oxfordstu



Joined: 28 Aug 2004
Location: Bangkok
PostPosted: Tue Oct 09, 2007 4:49 pm    Post subject: Reply with quote
jinks wrote:
Earlier this year, I took my KB ATM card to the bank to make sure it would work in New Zealand. The teller wouldn't activate my ATM card for overseas use, citing KB policy that disallows foreigners from using their card at ATMs overseas. It makes me SICK that they are even allowed to print this xenophobic, racist *beep* on their pamphlets. Instead of using my ATM card as and when I needed cash in NZ - and paying a hefty fee each time, no doubt - I transferred all my month's pay to my bank in NZ and used my kiwi card during my vacation. After three years with KB, I am seriously considering changing banks because of this ridiculous anti-foreigner banking policy.


That's what I did. I banked with KEB but when I asked for an international debit card, they cited a bullsh1t policy that doesn't allow foreigners to have them. I took all my money out, went over to Nonghyup, and they happily gave me an international card. It worked fine in Thailand a few months ago.
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Keepongoing



Joined: 13 Feb 2003
Location: Korea
PostPosted: Tue Oct 09, 2007 6:06 pm    Post subject: Neither will Woori Reply with quote
opened at Woori and got the same xenophobic message and they said, "Why don't you get a domestic card instead" well that suggestion did not appease me.

It is the most xenophobic banking system I have ever enountered and I have been all over Asia; have lived in Asia over 22 years.

There is no way a country with these xenophobic practices can expect to be the hub of anything.

You can't ever get a phone , unless it is a card phone, if you are a foreigner.

They should be embarrassed; but to be embarrassed they would have to be aware.