Korean Job Discussion Forums

keseki · Joined: 22 Mar 2007

will all retailers take these? or do i have to go to the bank and show them my passport/blood test/stool sample to deposit?

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

poet13 · Posted: Fri Mar 28, 2008 12:34 am Post subject:

sorry to hi-jack, but it's related.

If I had a 1,000,000 won check, could I walk into any bank and cash it? I have had occasion to carry a bunch of money, and carrying a million won check would be a lot easier than 100 man wons...

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

poet13 · Posted: Fri Mar 28, 2008 2:50 am Post subject:

Well, when I get money from the ATM, it asks if I want cash or check... I don't really like carrying big bundles of money so I thought that might be more convenient.

moosehead · Joined: 05 May 2007

**banks charge a fee** for checks even to deposit - if it's not drawn on their bank - !!

I found this out when I was paid for a camp more than (20) 100,000 won checks, my bank charged me a hefty 3000 won charge for each one -!! I was livid - !!

you can use them like large bills in places like Emart and they'll give you change in cash, don't recall how much id was necessary, maybe nothing at all actually.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

huffdaddy · Joined: 25 Nov 2005

victorology · Joined: 10 Sep 2007

I once deposited 4 1 million won checks into my account without a problem but I had an account with the bank.

poet13 · Posted: Fri Mar 28, 2008 7:48 am Post subject:

"ATMs spit out 100k won checks. I haven't seen one that has million won checks. It would spit out 10*100k won checks (assuming the machine transaction limit is that high).'

Ah, ok. Didn't know that. Thanks.

spliff · Joined: 19 Jan 2004 Location: Khon Kaen, Thailand

Bibbitybop · Joined: 22 Feb 2006 Location: Seoul

Next year, the new 50,000 and 100,000 bills will be out. Screw not having regular money in a higher denomination of 10,000 won.