Korean Job Discussion Forums

[kermo]

I've suffered through that ridiculous monthly ritual for the last four years. Finding time during banking hours, waiting in line, finding new and exciting ways to get screwed over (non-English speakers who refuse to speak slowly and simply in Korean, gouging me with charges to send and to receive, we have to write in your passport, you need to bring us your prior receipts, you need to find out your bank's transit number, etc., etc.,) and finally, a breakthrough.

Kookmin Bank registered me for their new service-- overseas remittance. I go to the ATM any time I want. I press "English", I choose "Overseas Remittance", I hit "Registered Remittance" and then I choose the amount I want to send and I enter my PIN. Done. Dusted. Finally.

[Bramble]

That's great, and thanks for the information ... so can anyone register for this service, even if they don't bank with KB?

[HapKi]

Thanks for the info-
I am assuming you have to pre-register your home bank with KB? When you hit "registered remittance", is that automatically sending it to the one bank you registered as your home one. Or do you have to punch in your home bank's tranfer numbers at the ATM. How about exchange rates? I'm guessing they are real time? Any fee for this tacked on at the ATM? What about registering for the program to begin with? Any fee?

Sorry for all the questions, and thanks again.

[A2Steve]

any extra paperwork they want, aside from the ARC card, visa, etc?

I saw that option when I got back in a new city with KB, but when I tried to use them to send money at my old job, after waiting half an hour the first time, the geezer at the bank told me I could only send money to OTHER people overseas.....

I walked out of there pissed, but I found another bank that would do it, no problems. My original account is still active...

[spliff]

But you still have to go to a ATM. I do my remittances from my computer at home.

[kermo]

[Bramble]

Thanks, it does sound a lot more convenient. I'll have to dig up my old KB bankbook and look into reactivating that account.

[Pyongshin Sangja]

[spliff]

Hell yeah dude.

[kermo]

[spliff]

Are we on the outs Kerm?

[kermo]

[Kikomom]

Thanks Kermo, this is good news. That extra 25kw should buy Wario his metro passes for the month.

I edited the instructions from this thread and sent them to him to get registered for this service. As luck would have it, his bank is KB. He took his hometown bank info (transfer numbers, etc) with him for just this purpose, transferring funds to the account his loans are paid from.

The ladies in the bank here wrote down everything he needs from this end. I hope it's everything.


Spliff, does KB do online banking in English? Do you (anyone?) have a web addy for them that I can check it out?
<helicopter mom vooming in again keeping tabs

Edit: HM finds website, no englishee?
Kookmin Bank http://www.kbstar.com/

[spliff]

Don't know about KB, only use them for the international debit they gave me. I do my internet banking through KEB and Nongyup. Both have good service and KEB lets you open a special remittance acct. All I have to do is sign in through a secure online cert and transfer funds to that acct and they go out automatically for a low charge as well. You have to go to the bank in person to set it up. And you can only hook it up to send to one overseas acct. But, it's quite convenient as you can do it from your home or school. Also, like the atm's you can transfer money between different banks within Korea and that's good if you buy new/used things online. Everything is in English, as well so no great confusion.

[seoulteacher]