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Paying bills back home while in Korea

 
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Shauneyz



Joined: 26 May 2008
Location: The land of Nod

PostPosted: Tue Jun 24, 2008 8:42 pm    Post subject: Paying bills back home while in Korea Reply with quote

Twould probably be best to ask my bank, which I will when I get the time, but I thought I'd check here first.

I'm curious about being able to make payments on credit card debt/student loans, etc. while in Korea. So, basically, I'm looking for the possibility of being able to transfer funds from a Korean bank to a checking account back home, or just being able to use my account in Korea to pay it off directly.

I don't know if it would change anything, but I will most likely be in Daegu.
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Poemer



Joined: 20 Sep 2005
Location: Mullae

PostPosted: Tue Jun 24, 2008 9:18 pm    Post subject: Reply with quote

I'm sure someone else has found a convenient way to pay directly from a Korean account, but I haven't. I transfer from my Korean account to my American account and pay American credit card etc. from the American account.
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cedarseoul



Joined: 16 Feb 2008
Location: nowon-gu

PostPosted: Tue Jun 24, 2008 9:49 pm    Post subject: Reply with quote

Wire your K-money to your American account and pay your bills online just like you would back at home. At Woori, it takes 24 hours for the wire to go through - quick and easy.
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bovinerebel



Joined: 27 Feb 2008

PostPosted: Tue Jun 24, 2008 10:53 pm    Post subject: Reply with quote

Can't you set up debit orders like any civilised country and then pay it into your bank account and let it take care of itself ?
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mekku



Joined: 22 Jul 2006
Location: daegu, korea

PostPosted: Wed Jun 25, 2008 12:16 pm    Post subject: Reply with quote

where you from?...

in the US internet online banking has only started to become popular more recently. I think it will vary from bank to bank. Does your bank offer online banking services (and do they charge for it)? You'd have to check it out with them.

I am in North Dakota right now and I believe my bank has online checking and with my type of checking acct it is free, but others get charged for it. I've never used it so I don't know to what types of companies you can make payments to. I'll have to check it out before I come....

...I should also be in Daegu also?
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cangel



Joined: 19 Jun 2003
Location: Jeonju, S. Korea

PostPosted: Wed Jun 25, 2008 3:09 pm    Post subject: Reply with quote

In the US, I use Paytrust dot com. All my bills are sent to them, scanned, and put online. I am notified by email when a new bill arrives. I set up my bank account through their site and also set up automatic payments. You can even issue a check to anyone through their site. The monthly fee is minimal. I love it. Two thumbs up.
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hbyrne1206



Joined: 04 Nov 2007

PostPosted: Wed Jun 25, 2008 6:59 pm    Post subject: Reply with quote

I use Bank of America. I'll switch to a smaller bank when I get back home, but for here its convenient enough. I check all of my bills online and just pay directly through internet banking. Or I use bill pay (an option through Bank of America) to pay someone directly, you just enter the amount, the person, their address, and BOA sends them a check.

The above option sounds great, though.
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Shauneyz



Joined: 26 May 2008
Location: The land of Nod

PostPosted: Thu Jun 26, 2008 5:23 pm    Post subject: Reply with quote

cedarseoul wrote:
Wire your K-money to your American account and pay your bills online just like you would back at home. At Woori, it takes 24 hours for the wire to go through - quick and easy.


Is this a common feature for only the bigger banks...or would you say that you can pretty much do it at any bank in Korea?

EDIT: ...because this seems like the most harmless route, and probably what I'd want to do.
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