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JustJohn
Joined: 18 Oct 2007
Location: Your computer screen
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 Posted: Sun Nov 11, 2007 8:44 pm Post subject: Exchange rates/how to send money home |
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Ok, so somewhere on this forum there's got to be someone who knows how to send money home and get the actual exchange rate instead of having them skim off the top.
How do you do it? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sun Nov 11, 2007 9:28 pm Post subject: Re: Exchange rates/how to send money home |
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| JustJohn wrote: |
Ok, so somewhere on this forum there's got to be someone who knows how to send money home and get the actual exchange rate instead of having them skim off the top.
How do you do it? |
The best you will get is about 2-3% off the overnight rate.
Buy a money order from the local bank (that offers currency exchange).
Mail it to your bank with a request to deposit to your account.
Cost is about 5000 won for the money order + 1000 won for the stamp and envelope. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Sun Nov 11, 2007 9:41 pm Post subject: Re: Exchange rates/how to send money home |
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| ttompatz wrote: |
| JustJohn wrote: |
Ok, so somewhere on this forum there's got to be someone who knows how to send money home and get the actual exchange rate instead of having them skim off the top.
How do you do it? |
The best you will get is about 2-3% off the overnight rate.
Buy a money order from the local bank (that offers currency exchange).
Mail it to your bank with a request to deposit to your account.
Cost is about 5000 won for the money order + 1000 won for the stamp and envelope. |
What he said... except I would use registered mail. We ARE talking about money here... and one can never be too careful. |
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JustJohn
Joined: 18 Oct 2007
Location: Your computer screen
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| Posted: Sun Nov 11, 2007 9:42 pm Post subject: |
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| What do you mean by overnight rate? Anyone else agree or think they know a better way? |
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stevieg4ever
Joined: 11 Feb 2006
Location: London, England
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| Posted: Sun Nov 11, 2007 11:46 pm Post subject: |
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| JustJohn wrote: |
| What do you mean by overnight rate? Anyone else agree or think they know a better way? |
im looking into this as well mate its a pain in the a$$ pardon the typo pun if you may. |
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