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cj1976
Joined: 26 Oct 2005
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 Posted: Fri Oct 24, 2008 4:34 pm Post subject: Banking with US dollars |
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A member of my family who used to work as a foreign exchange banker in London has advised me to open a bank account here that will let me save in Us dollars. Is this possible? I've no idea how to do this so any help would be appreciated.
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call_the_shots
Joined: 10 Oct 2008
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| Posted: Fri Oct 24, 2008 5:07 pm Post subject: |
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| Yes, I have two USD accounts with Kookmin Bank. One is an ordinary account, and one is a time deposit (similar to a CD). It's very easy to set up, it's just a matter of filling out an application. If there is someone at your bank who speaks halfway decent English, you won't even need to bring a Korean person with you. |
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call_the_shots
Joined: 10 Oct 2008
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| Posted: Fri Oct 24, 2008 5:11 pm Post subject: |
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By the way, the front cover of my bank book says: 국민외화종합통장
I'm not proficient in Korean and I don't know what that means, but if you show it to the person at the bank, maybe they will understand what you're looking for. |
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I-am-me
Joined: 21 Feb 2006
Location: Hermit Kingdom
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| Posted: Fri Oct 24, 2008 5:27 pm Post subject: |
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| Best thing I did when I went to korea in 94"was to open a dollar account. When I left last month I didnt lose money exchanging at 1.360w. Right now I dont think it would be a good idea to open a dollar account unless you are getting paid in dollars or are bringing dollars. Exchange will kill you. |
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