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Michael N
Joined: 08 May 2008
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 Posted: Sun Jan 18, 2009 1:38 pm Post subject: Ease of cashing traveler's cheques? |
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I'm coming to Korea soon, and right now I'm thinking that I'm going to bring a thousand bucks, half converted to won, and half in traveler's cheques (in American currency).
I did a search on the forums, and the opinions on cashing traveler's cheques when you first arrive in Korea seem to range from "go to any bank, it's no problem" to "it's a huge pain and you'll have a hard time cashing them." So... which is it? Will I be able to just walk into a bank without an account and cash them? Or will that be more of a hassle than it's worth? |
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Michael N
Joined: 08 May 2008
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| Posted: Mon Jan 19, 2009 3:07 pm Post subject: |
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| Has no one attempted to cash a traveler's cheque without a bank account? |
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IAMAROBOT
Joined: 16 Oct 2008
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| Posted: Mon Jan 19, 2009 4:00 pm Post subject: |
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Go to a Korean Exchange Bank branch (KEB). You'll get your money immediately. Any other bank will want to hold onto your traveler's checks for weeks to verify their authenticity  . |
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jay-shi
Joined: 09 May 2004
Location: On tour
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| Posted: Mon Jan 19, 2009 6:25 pm Post subject: Re: Ease of cashing traveler's cheques? |
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| Michael N wrote: |
I'm coming to Korea soon, and right now I'm thinking that I'm going to bring a thousand bucks, half converted to won, and half in traveler's cheques (in American currency).
I did a search on the forums, and the opinions on cashing traveler's cheques when you first arrive in Korea seem to range from "go to any bank, it's no problem" to "it's a huge pain and you'll have a hard time cashing them." So... which is it? Will I be able to just walk into a bank without an account and cash them? Or will that be more of a hassle than it's worth? |
If it's a thousand bucks, yes. Just come with cash. 99.999% odds you won't get mugged. Might as well convert the whole wad into won. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Mon Jan 19, 2009 7:20 pm Post subject: |
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| at the airport you will have no problem cashing them |
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