Korean Job Discussion Forums

[KAMAKAZI]

Hey guys,

which out of the 2 is the smoothest for sending money home through the bank machine in Korea to a home bank's checking account in Canada?

Any good / bad stories about the process with either one?
I have an account at each thx

[tzechuk]

Neither, but if i had to choose I would go for KEB.

[losing_touch]

[oldtactics]

I'd say that KEB is better for any/every kind of transfer.

Their internet banking is super efficient and easy to use, I transfer money home every month and have never had any problems at all. I've transferred once with a KEB bank machine and again, no problem at all.

To set up your transfer account, you'll need your home bank information including the address.

[KAMAKAZI]

Does anyone know how much the fee is from the Korean bank for a bank machine wire transfer?

[OiGirl]

Since I first got it set up, never had ANY problems doing this at the ATM with KEB.

[KAMAKAZI]

[Suwon4AGT]

Just wanted to add to the story...

I just opened a bank account with Nonghyup. It is literally the only bank within walking distance. So in my ignorance, little did I know that my "cash" account is simply that, a place where money can get deposited, bills can be paid, and ATM withdraws (I think, i haven't actually tried it yet). Of course, later on, I found out about internet banking services being something that requires a separate application. And just today, in applying for this internet service, I found out that this doesn't include international transfers. I was told I would go to the central branch in Suwon (Gwonseon-gu) to initiate a remittance.

So, as you can imagine, I learned about the pains of banking with Nonghyup the hard way. For all I know, there probably is an easier solution to my problems, but like I sid, it is the only bank within walking distance and I don't get the opportunity to take time off during business hours to find better banking solutions.

In addition, if you are a Mac user like myself, you need a copy of Windows XP or Vista to get access to their website - as their Internet banking services only works with I.E. - and be prepared for having to download a bunch of security certificate crap.

[OiGirl]