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mehamrick
Joined: 28 Aug 2006
Location: South Korea
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 Posted: Thu Mar 27, 2008 12:54 am Post subject: Banking semi rant..Update.. |
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But I think this just sums it up...
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Thank you for writing to KEB.
We regret that, following a Korean Foreign Exchange Transaction Regulation stipulates foreigners, who have a bankcard issued in Korea, are not allowed to withdrawal money through ATM in abroad.
In case that customer need to visit other countries, please visit the nearest KEB and exchange your money by cash.
We regret that It will be not good solution for customers but we struggle to solve customer�s inconvenience to government and trying to discuss about changing regulation.
We apologized that you have inconvenience with KEB.
Best Regards,
Park, Kyung Min
KEB customer service center.
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It doesnt matter if you are married or not.. I have gotten the same response on the phone in both korean and English. and not just from this bank as well.. But they will give me a credit card? 
Has anyone had any luck recently at obtaining a a card? If so where?
Last edited by mehamrick on Sun Mar 30, 2008 8:40 pm; edited 1 time in total |
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Nabi
Joined: 01 Apr 2003
Location: Seoul, Sth. Korea
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| Posted: Thu Mar 27, 2008 4:34 am Post subject: Card |
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| I just opened a savings account with Standard Chartered in Itaewon today. They issued me an international ATM card on the spot. The bank teller assures me it will work overseas. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Thu Mar 27, 2008 4:49 am Post subject: Re: Banking semi rant.. |
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| mehamrick wrote: |
But I think this just sums it up...
| Quote: |
Thank you for writing to KEB.
We regret that, following a Korean Foreign Exchange Transaction Regulation stipulates foreigners, who have a bankcard issued in Korea, are not allowed to withdrawal money through ATM in abroad.
In case that customer need to visit other countries, please visit the nearest KEB and exchange your money by cash.
We regret that It will be not good solution for customers but we struggle to solve customer�s inconvenience to government and trying to discuss about changing regulation.
We apologized that you have inconvenience with KEB.
Best Regards,
Park, Kyung Min
KEB customer service center.
|
It doesnt matter if you are married or not.. I have gotten the same response on the phone in both korean and English. and not just from this bank as well.. But they will give me a credit card?
Has anyone had any luck recently at obtaining a a card? If so where? |
Get a Samsung Card. Look in the FAQs. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Thu Mar 27, 2008 4:53 am Post subject: |
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Standard Chartered Jeil Bank will issue you one... I've got one in January.
I banked with KEB for over 5 years and then they wanted to stamp my bloody passport to exchange 1m cash?! I think not. I closed my account and opened one up with SC Jeil. No sweat, super easy - and the kicker is I didn't even have all the documents on me and they still issued me a card!!! |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Mar 27, 2008 4:58 am Post subject: Re: Card |
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| Nabi wrote: |
| I just opened a savings account with Standard Chartered in Itaewon today. They issued me an international ATM card on the spot. The bank teller assures me it will work overseas. |
You better take cash (or another alternative) the next time you travel and make sure your card works overseas before you depend on it.
There have been many instances of foreigners who were issued cards that were supposed to work overseas and then discovered, much to their dismay, that the card did NOT work outside of Korea.
. |
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mehamrick
Joined: 28 Aug 2006
Location: South Korea
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| Posted: Thu Mar 27, 2008 5:11 am Post subject: |
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| yeah and the KEB site makes it seem like no problem to get one |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Thu Mar 27, 2008 5:19 am Post subject: |
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| Quote: |
| Get a Samsung Card. Look in the FAQs. |
If I'm not mistaken, the samsung card will let you take out money overseas but as a cash advance...so you will have to pay interest on any amount you draw. I don't know who would want to do that. Last time I checked my KB inter ATM card worked fine overseas with a decent exchange rate as well.  |
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mehamrick
Joined: 28 Aug 2006
Location: South Korea
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| Posted: Thu Mar 27, 2008 5:30 am Post subject: |
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| have a samsung card and agree they charge to much and was denied at every KB |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Thu Mar 27, 2008 7:10 am Post subject: |
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Sorry to hijack the thread, but while we're still bitching about banking...
In this day and age of computers and this Internet thingamawhatsit... why the hell does it take one month for my cheque to clear?
Send an email "Is there money in the account to cover the cheque?"
Answering email, "Yes, there is. Here's the money."
Next, deposit the money into my account.
I have to wait 4 weeks? Bullshit! |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Mar 27, 2008 7:12 am Post subject: |
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| Korea Farting |
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articulate_ink
Joined: 23 Mar 2004
Location: Left Korea in 2008. Hong Kong now.
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| Posted: Thu Mar 27, 2008 4:30 pm Post subject: |
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| I used my SC card in Beijing last weekend. It's worked in every country I've visited so far. I agree with ttompatz, though: don't rely on just one source of funds if that one source is a card issued by a Korean bank. The SC card will probably work. I imagine we'd have heard by now if people were having problems with them. This being Korea, however, having a Plan B is never a bad idea. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Thu Mar 27, 2008 4:49 pm Post subject: Re: Banking semi rant.. |
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| mehamrick wrote: |
But I think this just sums it up...
| Quote: |
Thank you for writing to KEB.
We regret that, following a Korean Foreign Exchange Transaction Regulation stipulates foreigners, who have a bankcard issued in Korea, are not allowed to withdrawal money through ATM in abroad.
In case that customer need to visit other countries, please visit the nearest KEB and exchange your money by cash.
We regret that It will be not good solution for customers but we struggle to solve customer�s inconvenience to government and trying to discuss about changing regulation.
We apologized that you have inconvenience with KEB.
Best Regards,
Park, Kyung Min
KEB customer service center.
|
It doesnt matter if you are married or not.. I have gotten the same response on the phone in both korean and English. and not just from this bank as well.. But they will give me a credit card?
Has anyone had any luck recently at obtaining a a card? If so where? |
email these idiots back and point out THERE IS NO LAW OR REGULATIONS ABOUT THIS!!!!! If they say there is ask them to show you the exact regs in korean and/or english. I bet dollars to donuts they cant. Also show them those newspaper articles that also say this.
what a bunch of arseholles |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Thu Mar 27, 2008 4:52 pm Post subject: |
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| spliff wrote: |
| Quote: |
| Get a Samsung Card. Look in the FAQs. |
If I'm not mistaken, the samsung card will let you take out money overseas but as a cash advance...so you will have to pay interest on any amount you draw. I don't know who would want to do that. Last time I checked my KB inter ATM card worked fine overseas with a decent exchange rate as well. |
yeah i have a samsung card and they will do it but they limit you to about $1000 and you do have to pay interest from the day you take it out until you pay.
with that said getting a samsung card is easy if you are at a ps or univ. in fact they will come looking for you. we were approached at our univ 4 years ago. they came to our office helped fill out the forms etc. |
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ulsanchris
Joined: 19 Jun 2003
Location: take a wild guess
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| Posted: Thu Mar 27, 2008 5:54 pm Post subject: |
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| there was an article about this in one of the papers awhile back. According to the article there are no government restrictions concerning giving foreigners international atm cards. |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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