| View previous topic :: View next topic |
| Author |
Message |
johnt11
Joined: 17 Nov 2006
Location: Busan
|
 Posted: Tue Nov 27, 2007 5:48 am Post subject: Changing Money |
 |
|
| How much cash can i change at the airport before i leave? |
|
| Back to top |
|
 |
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Tue Nov 27, 2007 6:51 am Post subject: Re: Changing Money |
|
|
| johnt11 wrote: |
| How much cash can i change at the airport before i leave? |
They will ask to see your passport (as ID) .
3-5 million won per exchange desk and they won't even bat an eyebrow.
8 desks so... more won than you need to exchange. |
|
| Back to top |
|
|
denverdeath
Joined: 21 May 2005
Location: Boo-sahn
|
| Posted: Tue Nov 27, 2007 6:52 am Post subject: |
|
|
| Are you talking about amts that you want to declare in your home country or not? |
|
| Back to top |
|
|
mikekim
Joined: 11 Aug 2006
|
| Posted: Tue Nov 27, 2007 8:01 am Post subject: |
|
|
Don't take more than $10k cash. RE: Jackie Brown.
Sorry, I know this is old hat, but the airport exchange rate is the same as any old bank rate?
Never know if there is a hidden fee like in every other NA airport bank. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Tue Nov 27, 2007 8:13 am Post subject: |
|
|
| mikekim wrote: |
Don't take more than $10k cash. RE: Jackie Brown.
Sorry, I know this is old hat, but the airport exchange rate is the same as any old bank rate?
Never know if there is a hidden fee like in every other NA airport bank. |
The rates on the boards (exchange desks) at the airports in Korea are the same as the branches in town.
You CAN take more than $10k - the only stipulation is that you have to declare it (fill in a form that says you are carrying it) when you enter your home country. It is NOT taxed or confiscated or restricted if you file the form on entry at home. You can carry a million dollars if you want - just declare it (to show that you are not smuggling it or laundering dirty money.
. |
|
| Back to top |
|
|
jbpatlanta
Joined: 02 Jun 2007
Location: Daejeon
|
| Posted: Tue Nov 27, 2007 4:08 pm Post subject: |
|
|
| ttompatz wrote: |
You CAN take more than $10k - the only stipulation is that you have to declare it (fill in a form that says you are carrying it) when you enter your home country. It is NOT taxed or confiscated or restricted if you file the form on entry at home. You can carry a million dollars if you want - just declare it (to show that you are not smuggling it or laundering dirty money.
. |
Do you know where I can find paperwork on this. I am looking to take a considerable amount of money home shortly. I would like to be able to just carry it on the plane. I would like to read the regulations reguarding that so I will know exactly what to expect.
Thanks |
|
| Back to top |
|
|
normalcyispasse
Joined: 27 Oct 2006
Location: Yeosu until the end of February WOOOOOOOO
|
| Posted: Tue Nov 27, 2007 4:12 pm Post subject: |
|
|
| mikekim wrote: |
Don't take more than $10k cash. RE: Jackie Brown.
Sorry, I know this is old hat, but the airport exchange rate is the same as any old bank rate?
Never know if there is a hidden fee like in every other NA airport bank. |
Last time I went to Japan I exchanged won into yen at my local Nonghyup in Yeosu. My wife exchanged won for yen at the ferry terminal the next day. Her exchange rate was almost 20% worse than mine. Banks will gouge you at terminals and airports. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Tue Nov 27, 2007 5:56 pm Post subject: |
|
|
| jbpatlanta wrote: |
| ttompatz wrote: |
You CAN take more than $10k - the only stipulation is that you have to declare it (fill in a form that says you are carrying it) when you enter your home country. It is NOT taxed or confiscated or restricted if you file the form on entry at home. You can carry a million dollars if you want - just declare it (to show that you are not smuggling it or laundering dirty money.
. |
Do you know where I can find paperwork on this. I am looking to take a considerable amount of money home shortly. I would like to be able to just carry it on the plane. I would like to read the regulations reguarding that so I will know exactly what to expect.
Thanks |
There is NO paperwork when you leave Korea.
The paperwork when you ENTER your home country is country specific.
In most cases it is a simple matter of stopping by the customs office and filling in a form.
In some cases (like Canada) it is a simple matter of ticking a box on the "I declare" customs and immigration entry card.
. |
|
| Back to top |
|
|
Rteacher
Joined: 23 May 2005
Location: Western MA, USA
|
| Posted: Wed Nov 28, 2007 2:43 am Post subject: |
|
|
| Nongyup claims to give the best exchange rate among the major Korean banks (at least I think that's what one of their employees was trying to tell me as she was pointing to a brochure ...) |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
