| View previous topic :: View next topic |
| Author |
Message |
hopefullykorea
Joined: 19 Apr 2009
|
 Posted: Tue May 05, 2009 7:10 pm Post subject: Trusting other people with your money |
 |
|
I had read on a few sites about teaching in Korea and making bank transfers with your money and trusting other people over there with your bank account to handle your own funds.
Apparently, Koreans have not as much limitations with transference of funds, and thus I had read we can trust other people with our account numbers to do this for us.
I don't know, but I really prefer to be the only one with access to my account information and nothing more. But I'm curious why this is encouraged? I just feel funny having other people handling my funds and bank account information.
Thanks  |
|
| Back to top |
|
 |
Suwon23
Joined: 24 Jan 2008
|
| Posted: Tue May 05, 2009 7:14 pm Post subject: |
|
|
| Who is "other people?" The bank teller? Your boss? Some guy you know who's helping you fill out forms? |
|
| Back to top |
|
|
RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
|
| Posted: Tue May 05, 2009 7:16 pm Post subject: |
|
|
| Never trust people with more of your money than you can afford to lose. Think of all the times people have borrowed money from you and didn't pay it back. |
|
| Back to top |
|
|
stuck
Joined: 26 Mar 2009
|
| Posted: Tue May 05, 2009 7:16 pm Post subject: |
|
|
not entirely sure what you mean. I'm the only person with access to my account to withdraw money.
My school has my bank account number so they can pay me, but they are not able to access my account with just my bank account number. |
|
| Back to top |
|
|
hopefullykorea
Joined: 19 Apr 2009
|
| Posted: Tue May 05, 2009 7:20 pm Post subject: |
|
|
| stuck wrote: |
not entirely sure what you mean. I'm the only person with access to my account to withdraw money.
My school has my bank account number so they can pay me, but they are not able to access my account with just my bank account number. |
Oh, I have read in these forums and also on other ESL related sites, in order to circumvent the limitations foreigners have when transmitting funds back home.....(I think it's 10K per month or something where as with Koreans it's unlimited)
So if you want to wire MORE than 10K at a time, you would have to have a Korean do it for you, which would mean them having access to your account numbers in order for them to accomplish this or something like that. |
|
| Back to top |
|
|
hopefullykorea
Joined: 19 Apr 2009
|
| Posted: Tue May 05, 2009 7:23 pm Post subject: |
|
|
| stuck wrote: |
not entirely sure what you mean. I'm the only person with access to my account to withdraw money.
My school has my bank account number so they can pay me, but they are not able to access my account with just my bank account number. |
Oh, I have read in these forums and also on other ESL related sites, in order to circumvent the limitations foreigners have when transmitting funds back home.....(I think it's 10K per month or something where as with Koreans it's unlimited)
So if you want to wire MORE than 10K at a time, you would have to have a Korean do it for you, which would mean them having access to your account numbers in order for them to accomplish this or something like that. |
|
| Back to top |
|
|
stuck
Joined: 26 Mar 2009
|
| Posted: Tue May 05, 2009 7:34 pm Post subject: |
|
|
| Firstly, you can't wire more than you earn. Some banks will ask you to prove your income. And secondly the limit used to be 10,000 per year, now its 50,000. |
|
| Back to top |
|
|
poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
|
| Posted: Tue May 05, 2009 8:46 pm Post subject: |
|
|
I'm allowed to move 80,000US per year out of country. That's with KB.
Yes, you can send monthly up to 100% of your earnings. |
|
| Back to top |
|
|
Captain Corea
Joined: 28 Feb 2005
Location: Seoul
|
| Posted: Tue May 05, 2009 8:53 pm Post subject: |
|
|
| hopefullykorea wrote: |
| stuck wrote: |
not entirely sure what you mean. I'm the only person with access to my account to withdraw money.
My school has my bank account number so they can pay me, but they are not able to access my account with just my bank account number. |
Oh, I have read in these forums and also on other ESL related sites, in order to circumvent the limitations foreigners have when transmitting funds back home.....(I think it's 10K per month or something where as with Koreans it's unlimited)
So if you want to wire MORE than 10K at a time, you would have to have a Korean do it for you, which would mean them having access to your account numbers in order for them to accomplish this or something like that. |
No. |
|
| Back to top |
|
|
aloysha
Joined: 18 Sep 2005
|
| Posted: Tue May 05, 2009 9:34 pm Post subject: |
|
|
Stuck
| Quote: |
My school has my bank account number so they can pay me, but
they are not able to access my account with just my bank account number. |
Not true. Your school can make a charge/withdrawal from your account.
I am not sure of the stipulations that are used to determine when your
school can make such a charge, but they are able to do so.
They withdrew money from my account for lunch with no explicit
consent.
[/quote] |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
