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Korean Job Discussion Forums
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Lekker
Joined: 09 Feb 2008
Location: Seoul
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 Posted: Wed Feb 13, 2008 3:41 pm Post subject: racist banks |
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My bank is so racist they make me sit in the back of the room and they have a separate drinking fountain for foreigners.
But they did permit me to have a credit card when I inquired about it. I don't want one though.
Go in wearing a suit. Look ultra presentable. That might change the way they see you as a foreigner. Sounds ridiculous, but it worked for me and I'm not working at a Public School or a University. |
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diver
Joined: 16 Jun 2003
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| Posted: Wed Feb 13, 2008 4:54 pm Post subject: |
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| mehamrick wrote: |
| diver wrote: |
I have a secured card from KEB. The funny thing is, I am not really upset about them wanting a security deposit on a credit card. There is a good reason for it, I have met many of the types of foreigner that have caused them to have the policy.
My beef is them refusing to issue int'l ATM cards to foreigners. I can see them wanting security for money they are LENDING, but I don't understand why we can't get our own money.
The unsecured credit cards for those that work for universities seems strange. I make a LOT more then most people at universities. But because I don't work at a university, I can't have one?
I also wish the would distinguish between Johnny Newbie who has been here for six months, vs someone who has been here almost 15 years. I think there should be different 'levels' of credit based on things like time in country.
I just got my F-2 as well. Do any other F-2 holders know if that will affect treatment by banks. Or am I still just a foreigner? |
I asked hana bank this question, she said that if you bring your marriage certificate they will give you all the same benifits that koreans get.. i asked if that included credit and debit cards that worked internationally she said yes.. |
Thanks. I'll give it a go. |
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Juregen
Joined: 30 May 2006
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| Posted: Wed Feb 13, 2008 6:05 pm Post subject: |
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Its your profile.
A one year contract does not give the bank the assurance that you won't abuse your credit line.
Some abuses are also possible with Int. ATM cards.
Secondly, a bank is not obliged to give you that service. If you don't like it go to another bank.
If you show to be a more permanent resident, with various ties and commitments, they will certainly not detain any services from you.
One year contract based teachers are just too risky for the banks. |
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livinginkunsan
Joined: 02 Dec 2006
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| Posted: Wed Feb 13, 2008 8:28 pm Post subject: |
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| mehamrick wrote: |
| diver wrote: |
I have a secured card from KEB. The funny thing is, I am not really upset about them wanting a security deposit on a credit card. There is a good reason for it, I have met many of the types of foreigner that have caused them to have the policy.
My beef is them refusing to issue int'l ATM cards to foreigners. I can see them wanting security for money they are LENDING, but I don't understand why we can't get our own money.
The unsecured credit cards for those that work for universities seems strange. I make a LOT more then most people at universities. But because I don't work at a university, I can't have one?
I also wish the would distinguish between Johnny Newbie who has been here for six months, vs someone who has been here almost 15 years. I think there should be different 'levels' of credit based on things like time in country.
I just got my F-2 as well. Do any other F-2 holders know if that will affect treatment by banks. Or am I still just a foreigner? |
I asked hana bank this question, she said that if you bring your marriage certificate they will give you all the same benifits that koreans get.. i asked if that included credit and debit cards that worked internationally she said yes.. |
Not so in my case, the only way they said I would be able to touch an international card is put it in my wifes name.. lol. |
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diver
Joined: 16 Jun 2003
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| Posted: Sun Feb 17, 2008 5:25 pm Post subject: |
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| Juregen wrote: |
Its your profile.
A one year contract does not give the bank the assurance that you won't abuse your credit line.
Some abuses are also possible with Int. ATM cards.
Secondly, a bank is not obliged to give you that service. If you don't like it go to another bank.
If you show to be a more permanent resident, with various ties and commitments, they will certainly not detain any services from you.
One year contract based teachers are just too risky for the banks. |
I am going to have to call BS.
I've been here for almost 15 years.
I have an F-2-1 marriage-residence visa.
I have a secured credit card (again, I don't mind that) and simply want access to my OWN cash. Denied.
BTW, A university teacher is still only on a one year cintract. And they make far less than I do.
IF, I reapeat IF, they were to sit down with me at the bank, and go over my application and financial details and say "Sorry. You don't meet our criteria." I could take that. I've never even gotten tot hat stage. I get "You are a foreigner. No."
Last edited by diver on Mon Feb 18, 2008 6:12 pm; edited 2 times in total |
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Yesterday
Joined: 15 Aug 2003
Location: Land of the Morning DongChim (Kancho)
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| Posted: Mon Feb 18, 2008 1:44 am Post subject: Re: Credit Cards ... ? |
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| BRawk wrote: |
I have a Korean credit card that my uni job hooked me up with, but it has a small limit. It is BC card, the limit is only 1,000,000 won, and it is not international. I would like something else.
Some friends have recomended Samsung, but i have yet to find the link on the website to sign up. If anyone could give me some advice, I would appreciate it.
Also, if you have any other cards you could recomend, please let me know. |
I RECENTLY got a Samsung (WorldWide - works in any country) VISA credit card with a 5 million won limit...
It was SO EASY to get - and since I got it - I have paid for ALMOST everything with it - taxi rides, bus rides, (t-money is in the card), groceries, etc etc
It has a 5 year expiry date (doesn't expire until 2013) and I can take cash out of it - and put cash back into it whenever I want....
so if anyone wants a Samsung credit card (American Express, Visa or Mastercard) - your choice - here are the details....
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The cards themselves typically have an annual fee of 20 000 won. This gives you airline points and can be paid for by airline points as well, once you accumulate them. Also, many of the cards have great advantages above and beyond the airline mileage, such as discounts to sporting events, amusement parks, shopping and restaurants.
You�ll qualify to get a credit card by meeting the conditions below.
1) If you work in a public school -elementary school, middle school, high school and university-
OR if you work in a company which is listed on the KOSDAQ or KOSPI.
OR if you are a sergeant in US base
2) Have a copy of your passport
3) Have a copy of your Alien Registration Card (expiration date should have more than 3 months remaining)
4) Have a bank account at any bank in Korea
Just email - J.A Kim, [email protected] (A Korean young-lady who wants to help foreigners due to lack of services for foreigners in Korea).
However, as she works during the week - she prefers to only meet on weekends.
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i_teach_esl
Joined: 07 Sep 2006
Location: baebang, asan/cheonan
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| Posted: Mon Feb 18, 2008 7:57 pm Post subject: |
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im w/shinhan and been trying to get a credit card. they had me bring in my passport, arc card, letter from my school (hogwan) verifying my employment, and my last two paychecks. that was three weeks ago. im still waiting... grrr...
i didnt know it was so easy w/samsung-public school. geez, almost wish i chose public instead of academy. |
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seoul_nhl
Joined: 18 Mar 2006
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| Posted: Mon Feb 25, 2008 6:18 am Post subject: |
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| diver wrote: |
I have a secured card from KEB. The funny thing is, I am not really upset about them wanting a security deposit on a credit card. There is a good reason for it, I have met many of the types of foreigner that have caused them to have the policy.
My beef is them refusing to issue int'l ATM cards to foreigners. I can see them wanting security for money they are LENDING, but I don't understand why we can't get our own money.
The unsecured credit cards for those that work for universities seems strange. I make a LOT more then most people at universities. But because I don't work at a university, I can't have one?
I also wish the would distinguish between Johnny Newbie who has been here for six months, vs someone who has been here almost 15 years. I think there should be different 'levels' of credit based on things like time in country.
I just got my F-2 as well. Do any other F-2 holders know if that will affect treatment by banks. Or am I still just a foreigner? |
I have met a lot of Hogwan or academy owners that have ripped off teachers and parents....yet Koreans can still own schools! |
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Toon Army
Joined: 12 Mar 2007
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| Posted: Wed Feb 27, 2008 5:23 am Post subject: |
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| anyone know if F-4 visa holders have the same restrictions? |
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michinkorea
Joined: 27 Jul 2006
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| Posted: Wed Feb 27, 2008 5:53 am Post subject: |
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I'm Canadian. I've been working at my hagwon (big one) for a year and a half. I walked into the bank, said I wanted one and the guy asked for my ARC and debit card. I got my card a week later. 1 million limit in Korea (although he asked me if I wanted 5 million and I said no) $500 US abroad (equivalent in any country), T-money.
Look professional, tell them you want one, don't ask for one. If you don't like the service, go to a different bank. There's nothing requiring you to stay with an institution that doesn't treat you well. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed Feb 27, 2008 6:03 am Post subject: |
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| Toon Army wrote: |
| anyone know if F-4 visa holders have the same restrictions? |
I know a few people on F-4 visas and they hit the same walls. I also noticed that if you look at their ARC numbers, the second series of numbers start off with the same number as for other foreigners.
5 - for males
6 - for females
I think alot of the diffculties we face is due to pure laziness. If that second series of numbers on the ARC doesn't start with a 1, 2, 3 or 4, the software chokes on them and tells them it's an invalid number. So, if the business isn't used to dealing with lots of foreigners then they just don't know what to do and don't want to bother with the extra work of phoning/paper work. I think this logic applies more to those cell phone kiosks than banks in the big cities. |
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Missihippi
Joined: 22 Oct 2007
Location: Gwangmyeong
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| Posted: Wed Jul 15, 2009 5:37 pm Post subject: |
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| Does anyone know if Samsung Card has an effect on credit? I'm an american and i have next to no credit in the states. Also, can i apply if i have no credit? Thanks for any info.. |
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AgentM
Joined: 07 Jun 2009
Location: British Columbia, Canada
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| Posted: Wed Jul 15, 2009 5:58 pm Post subject: |
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| Missihippi wrote: |
| Does anyone know if Samsung Card has an effect on credit? I'm an american and i have next to no credit in the states. Also, can i apply if i have no credit? Thanks for any info.. |
It will definitely have an impact on your credit rating in Korea. However, I'm not sure about internationally, as I think most countries have their own credit rating agencies. For instance, if you decide to move to Canada from elsewhere, you'll need to build your credit here. Perhaps someone could confirm that? |
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red_devil
Joined: 30 Jun 2008
Location: Korea
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| Posted: Wed Jul 15, 2009 5:59 pm Post subject: |
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| If you work at Uni or Public School (any gov't job really), you can get an AMEX. |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Wed Jul 15, 2009 6:24 pm Post subject: |
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Banks cite non-existent law on expat cards
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"I could not get a credit card from a bank where I had an account for years. Then, when I went with my Korean coworker and asked them bluntly why I should keep my account with them if I could not get a credit card, they issued one," said a German man, who teaches at a private high school in Gangwon.
Bank also have a variety of different requirements that foreigners must meet to receive a credit card. Some demand a Korean cosigner, others insist on proof of employment with a company here for more than six months. Still others require a yearly income of more than 50 million won ($52,820). The rules don't exist for Koreans. |
By Kim Soe-jung and Park Yeon-soo, JoongAng Daily (January 28, 2008)
http://joongangdaily.joins.com/article/view.asp?aid=2885625 |
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