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Korean Job Discussion Forums
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nomad-ish
Joined: 08 Oct 2007
Location: On the bottom of the food chain
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 Posted: Thu Dec 27, 2007 3:29 am Post subject: |
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| Freakstar wrote: |
Again, I don't get it! Why the f*ck are these banks stamping or writing anything in your passport for? Did you throw a stink? What did they say? |
i did put up a bit of a stink, enough that she brought over 2 other girls to help translate. they told me that if i send over $1000 in a transfer, they must stamp my passport, unless i bring in an official (?) pay slip.
i actually sent an email regarding this to the canadian embassy. here's what they said:
"Thank you for the inquiry.
According to Korean Foreign Currency Control Act, the local banks are
authorised to write down the amount of transfer on the passport page.
There is a limit of US$10,000. However, if you are working in Korea and
can prove your income by providing a copy of your pay slip, contract and
passport and make funds transfer through a designated bank (the bank you have an account for your salary), they would not write on your passport. Hope this will be of assistance."
so anyways, i am currently harassing my admin for all my pay slips for next time. however, the stuff they give me looks far from official  |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Dec 27, 2007 3:38 am Post subject: |
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| nomad-ish wrote: |
| Freakstar wrote: |
Again, I don't get it! Why the f*ck are these banks stamping or writing anything in your passport for? Did you throw a stink? What did they say? |
i did put up a bit of a stink, enough that she brought over 2 other girls to help translate. they told me that if i send over $1000 in a transfer, they must stamp my passport, unless i bring in an official (?) pay slip.
i actually sent an email regarding this to the canadian embassy. here's what they said:
"Thank you for the inquiry.
According to Korean Foreign Currency Control Act, the local banks are
authorised to write down the amount of transfer on the passport page.
There is a limit of US$10,000. However, if you are working in Korea and
can prove your income by providing a copy of your pay slip, contract and
passport and make funds transfer through a designated bank (the bank you have an account for your salary), they would not write on your passport. Hope this will be of assistance."
so anyways, i am currently harassing my admin for all my pay slips for next time. however, the stuff they give me looks far from official |
Doesn't matter if it looks official or not. It comes from your school, so it will do. Quit being anal retentive. Show them what your school gives you and that's it. You don't have to show them every pay statement you've ever gotten, either. Just enough to cover the amount of money you're sending. So if you're sending 3,000 bucks then a couple of month's worth of pay stubs is enough. |
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Freakstar
Joined: 29 Jun 2007
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| Posted: Thu Dec 27, 2007 3:41 am Post subject: |
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| nomad-ish wrote: |
| Freakstar wrote: |
Again, I don't get it! Why the f*ck are these banks stamping or writing anything in your passport for? Did you throw a stink? What did they say? |
i did put up a bit of a stink, enough that she brought over 2 other girls to help translate. they told me that if i send over $1000 in a transfer, they must stamp my passport, unless i bring in an official (?) pay slip.
i actually sent an email regarding this to the canadian embassy. here's what they said:
"Thank you for the inquiry.
According to Korean Foreign Currency Control Act, the local banks are
authorised to write down the amount of transfer on the passport page.
There is a limit of US$10,000. However, if you are working in Korea and
can prove your income by providing a copy of your pay slip, contract and
passport and make funds transfer through a designated bank (the bank you have an account for your salary), they would not write on your passport. Hope this will be of assistance."
so anyways, i am currently harassing my admin for all my pay slips for next time. however, the stuff they give me looks far from official |
I still don't get it, but then again, I really don't get some of the stupid rules that Korean banks have towards foreigners. I have nothing positive to say about my experience in dealing with Korean banks so far. Damn bastards still refuse to issue me an international check card...luckily, my company was able to get me a credit card for my biz expenses.
I guess they don't ask for my passport when I wire money because my paycheck is direct deposited into my account. The only question I periodically get from the bank clerk is, "So how do you like working for such and such company?" Can you get your employer to direct deposit your pay check into your account? Could mean less hassles for you at the bank. |
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dogbert
Joined: 29 Jan 2003
Location: Killbox 90210
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| Posted: Thu Dec 27, 2007 5:10 am Post subject: |
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| Zyzyfer wrote: |
| dogbert wrote: |
Article 4-4(5) of the Korean Foreign Exchange Transaction Regulations says:
"지정거래외국환은행의 장은 제4항의 규정에 의하여 해외여행경비를 매각하는 겨우로서 해외여행자가 외국인거주자인 경우에는 당해 해외여행자의 여권에 매각금액을 표시하여야 한다. 다만, 1백만원 이하에 상당하는 외국통화를 매각하는 경우에는 그러하지 아니하다."
This is the Korean law that requires banks to write in your passports when you exchange a certain amount of Korean currency for foreign currency. |
Now if you were so inclined to edumacate some peeps on the new visa regulations with as much clarity as you just did here, the world would be an amazing place. |
Alas, I am only a man. |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Dec 27, 2007 5:23 am Post subject: |
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| Freakstar wrote: |
| nomad-ish wrote: |
| Freakstar wrote: |
Again, I don't get it! Why the f*ck are these banks stamping or writing anything in your passport for? Did you throw a stink? What did they say? |
i did put up a bit of a stink, enough that she brought over 2 other girls to help translate. they told me that if i send over $1000 in a transfer, they must stamp my passport, unless i bring in an official (?) pay slip.
i actually sent an email regarding this to the canadian embassy. here's what they said:
"Thank you for the inquiry.
According to Korean Foreign Currency Control Act, the local banks are
authorised to write down the amount of transfer on the passport page.
There is a limit of US$10,000. However, if you are working in Korea and
can prove your income by providing a copy of your pay slip, contract and
passport and make funds transfer through a designated bank (the bank you have an account for your salary), they would not write on your passport. Hope this will be of assistance."
so anyways, i am currently harassing my admin for all my pay slips for next time. however, the stuff they give me looks far from official |
I still don't get it, but then again, I really don't get some of the stupid rules that Korean banks have towards foreigners. I have nothing positive to say about my experience in dealing with Korean banks so far. Damn bastards still refuse to issue me an international check card...luckily, my company was able to get me a credit card for my biz expenses.
I guess they don't ask for my passport when I wire money because my paycheck is direct deposited into my account. The only question I periodically get from the bank clerk is, "So how do you like working for such and such company?" Can you get your employer to direct deposit your pay check into your account? Could mean less hassles for you at the bank. |
Give it a rest. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Thu Dec 27, 2007 5:37 am Post subject: |
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I bought US dollars and Thai baht today and was asked why I needed this currency when I wanted 100 dollar bills and 100,000 won worth of baht. I told them I was traveling to SE Asia and then going to LA after that. They was like, oh yea, Cambodia uses $1 bills for small deals. Yes, that is why I want all these $1 bills. They only had 3000 Thai baht which was fine as I just wanted some for the first night since I am not to arrive until midnight next Saturday night and know money changing won't be available this late while I need cab fare and 1st nights room rent in baht. The banker gave me negative vibes of not wanting to help me and worked so slowly that it took 1 hour to buy $40 cash, $1500 in Visa travelers checks, and 3000 Thai baht. I was thinking that this is so lame. We are talking about KEB, the most globally oriented bank in this part of the orient.
They sold me 40 $1 bills instead of the 100 I requested with some of them being wrinkled and worn. And then their coin counting machine was broken so I went to another bank who was happy to help me cash 200,000 won of coins. Surprisingly for no fee nor was I asked if I had an account!
It's pretty kool getting to leave next week and continue the rest of my life... |
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Mosley
Joined: 15 Jan 2003
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| Posted: Thu Dec 27, 2007 4:35 pm Post subject: |
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| I just sent money home via KB. Only 300 bucks, mind you, but no hassle. |
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Scotticus
Joined: 18 Mar 2007
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| Posted: Thu Dec 27, 2007 5:12 pm Post subject: |
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Someone should get a poll going about foreigner-friendly banks in Korea. I'm curious which banks these people are having so much trouble with.
I've done all my banking through KB in the couple years I've been in Korea. Never had a hassle, no stamping of my passport or anything. Worst they do is make a photocopy of my ARC for their records. Never been asked why I'm sending money home and they don't ask for my passport once I hand them my ARC.
So, in conclusion, in my experience with KB (at two different bank locations) I've yet to have a problem with sending money home. Mind you I transfer at least a million won a month, usually more. |
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Mosley
Joined: 15 Jan 2003
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| Posted: Thu Dec 27, 2007 5:53 pm Post subject: |
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| I've been dealing w/KB since March & the only problem I've had was when buddy accidently sent my money to some guy in China! Quickly got it straightened out & was given profuse apologies! |
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nomad-ish
Joined: 08 Oct 2007
Location: On the bottom of the food chain
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| Posted: Thu Dec 27, 2007 7:45 pm Post subject: |
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| yingwenlaoshi wrote: |
Doesn't matter if it looks official or not. It comes from your school, so it will do. Quit being anal retentive. Show them what your school gives you and that's it. You don't have to show them every pay statement you've ever gotten, either. Just enough to cover the amount of money you're sending. So if you're sending 3,000 bucks then a couple of month's worth of pay stubs is enough. |
what i'm saying is that they, KEB, stressed the fact that it must be official, and my statements look like charts a 12 year old would make for school.
as for being anal retentive because i wanted all my pay slips -- i wanted them all so when i go back home i have some sort of record of pension deductions, etc. |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Dec 27, 2007 7:50 pm Post subject: |
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| nomad-ish wrote: |
| yingwenlaoshi wrote: |
Doesn't matter if it looks official or not. It comes from your school, so it will do. Quit being anal retentive. Show them what your school gives you and that's it. You don't have to show them every pay statement you've ever gotten, either. Just enough to cover the amount of money you're sending. So if you're sending 3,000 bucks then a couple of month's worth of pay stubs is enough. |
what i'm saying is that they, KEB, stressed the fact that it must be official, and my statements look like charts a 12 year old would make for school.
as for being anal retentive because i wanted all my pay slips -- i wanted them all so when i go back home i have some sort of record of pension deductions, etc. |
Sorry about the anal retentive comment, but I was only talking about what records to show to the bank. As long as you have signatures, deductions, school name/address, etc. on it, it should be fine. |
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BTSskytrain
Joined: 11 Oct 2007
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| Posted: Fri Dec 28, 2007 11:29 am Post subject: well said |
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[quote="maddog"]Korean Bank Clerk: "Why do you want to transfer this money?"
Me: "Because you won't give me an int'l ATM card, so I'm transferring it to my acct which I have a VISA card for. This way, I can spend your country's money on whores, booze and amphetamines in Thailand."[/quote]
a brilliant declaration maddog!!personally i would deviate just a little in that i don't do amphetamines.
whores, booze and tom yam goong would surely do it for me followed by more whores, booze and tom yam goong. |
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0916
Joined: 26 Dec 2007
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| Posted: Fri Dec 28, 2007 2:42 pm Post subject: |
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| I've wired home 4 times and nothings ever been written in my passport. Surely they have no right to do that? |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Fri Dec 28, 2007 6:28 pm Post subject: |
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| I'm curious as well...been here seven years...dealt with four different bank branches and never had anything written in my passport and no hassle changing money. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sat Dec 29, 2007 4:22 am Post subject: |
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| "I got a Korean housewife pregnant back in North America and I need to pay for her abortion." |
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