Korean Job Discussion Forums

[E_athlete]

I have to change my won to Canadian dollars then wire money to Canada. How long does it take and how much does it cost?

Anyone know?

[BritishinSuwon]

I usually transfer money one of two ways;
You can go to your bank and do an account to account transfer. You would need to contact your bank in Canada, get some information (bank account number, route numbers, etc) then go into your Korean bank and have them transfer money using that information. This way usually takes 4-5 days, but the fees are cheaper.
Or, you can use Western Union and transfer the money that way. It costs more money (I transfered some money last week this way and the fee was 45,000W EDIT: I should have made this clearer. The fee that Western Union charges is decided by how much money you transfer, so if you transfer a smaller amount, your fee would be smaller). Also, I was told that Western Union will only transfer funds in US dollars, so you'd have to figure out the exchange rate if you did it this way. The upside is that the money is transfered within an hour. You would also need someone to go into a Western Union office to pick up the money and then deposit it into your bank account in Canada.
Hope that helps.

[E_athlete]

what is the fees for the 4 to 5 day transfer?

45000 won is expensive as hell.

thanks for your reply!

[losing_touch]

It takes a day or two with KEB bank. I do it online. You set this up with them at a branch. I forget, but it is 8,000 KRW or so plus whatever the intermediary bank decides to take.