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Trevor



Joined: 16 Nov 2005

PostPosted: Fri Aug 28, 2009 5:28 am    Post subject: MF's Reply with quote

It was like pulling teeth.

Last edited by Trevor on Sun Nov 14, 2010 11:16 pm; edited 4 times in total
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turkishlover25



Joined: 15 Mar 2009
Location: Illinois; USA

PostPosted: Fri Aug 28, 2009 5:32 am    Post subject: Reply with quote

Once I figure out anything about my own bank here (KEB) I will be back to learn more from Mister Slick.
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roadwork



Joined: 24 Nov 2008
Location: Goin' up the country

PostPosted: Fri Aug 28, 2009 5:44 am    Post subject: Reply with quote

Yeah, that branch in Itaewon is full of jerks. I tried to get an account with an international Visa debit card and they told me that foreigners can't get one. I went to the local branch in my podunk town and the guy told me he can't give me a credit card. When I explained what it was that I wanted he said no problem and wanted to open an account right there. Next week on my day off, I will switch from Woori to KEB.

What I don't understand is that they think that is the only way we can get money out of the country. What's the difference in withdrawing money from my account, exchanging it at the airport and spending it overseas vs. using a debit card? It still leaves the country, and I still lose money on the exchange rate.
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Fri Aug 28, 2009 6:02 am    Post subject: Reply with quote

Is the site where you buy and trade in English? Also, do you happen to have a link that says it's possible, or a number of someone I can talk to? I'd like to set this up too, but I'm expecting a fight.

Also, were they being real jerks about it, or is it possible that they were acting purely out of innocent ignorance?
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diver



Joined: 16 Jun 2003

PostPosted: Fri Aug 28, 2009 6:02 am    Post subject: Reply with quote

I know some people have had luck with their KEB branches, but the one in Dunsan, Daejeon is horrible.

I've been much happier at SC First.
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Trevor



Joined: 16 Nov 2005

PostPosted: Fri Aug 28, 2009 6:18 am    Post subject: Reply with quote

According to the rep I spoke to, they will have an English site up in the middle of September on which you can buy and sell funds online. Now it is in Korean.

Last edited by Trevor on Sat Nov 29, 2014 2:41 am; edited 1 time in total
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KYC



Joined: 11 May 2006

PostPosted: Fri Aug 28, 2009 6:12 pm    Post subject: Reply with quote

KEB claims to cater to foreigners with their expat banking and crap, but their CS SUCKS....ESPECIALLY KEB itaewon. Their reps are idiots. Every time I went there, my boil literally was boiling.
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Trevor



Joined: 16 Nov 2005

PostPosted: Fri Aug 28, 2009 7:01 pm    Post subject: Reply with quote

Wink

Last edited by Trevor on Sat Nov 29, 2014 2:42 am; edited 1 time in total
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benji1422



Joined: 02 Jun 2009
Location: Los Angeles & Seoul

PostPosted: Fri Aug 28, 2009 7:02 pm    Post subject: Reply with quote

Can I open a bank account with just a passport at any of these KEB branches?
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Trevor



Joined: 16 Nov 2005

PostPosted: Fri Aug 28, 2009 8:14 pm    Post subject: Reply with quote

They also asked me for my ARC. I have heard from another poster that it has been done without an ARC, but I don't know for sure that that is true.


benji1422 wrote:
Can I open a bank account with just a passport at any of these KEB branches?
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typo



Joined: 16 Jun 2009

PostPosted: Fri Aug 28, 2009 8:24 pm    Post subject: Reply with quote

KYC wrote:
KEB claims to cater to foreigners with their expat banking and crap, but their CS SUCKS....ESPECIALLY KEB itaewon. Their reps are idiots. Every time I went there, my boil literally was boiling.


Ah, I see. You used the word "literally" exactly the opposite of what you meant. As if you wanted to assign the definition of the word "figuratively" to "literally." Good one.


/snark Smile
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pocariboy73



Joined: 23 Jan 2003

PostPosted: Sat Aug 29, 2009 2:30 am    Post subject: Reply with quote

OP,

Personaly, I don't think the "nationalistic" lady bank teller gives two poops what you choose to do with the profits on your ESL salary investments.

Your negative attitide towards Koreans I think is jading reality for you.


Last edited by pocariboy73 on Sat Aug 29, 2009 3:09 am; edited 1 time in total
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endo



Joined: 14 Mar 2004
Location: Seoul...my home

PostPosted: Sat Aug 29, 2009 2:54 am    Post subject: Reply with quote

Are you a foreigner? Have you ever tried to deal with Korean banks?
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pocariboy73



Joined: 23 Jan 2003

PostPosted: Sat Aug 29, 2009 3:18 am    Post subject: Reply with quote

endo wrote:
Are you a foreigner? Have you ever tried to deal with Korean banks?


Yes I am a foreigner. And yes I've had my fair share f troubles with the banks here. But, the banks in my home country are not fun to deal with either. Being a foreigner, no matter where you are, makes the situation that much worse.

However, I highly doubt it was the "nationalistic" attitude of the lady bank teller which caused the OP's probems.

Quote:
It was like pulling teeth. Once the teller figured out that I would be able to own securities, then take the money out and wire it out of the country anytime I pleased, she started freaking out. Every drop of blood in her nationalistic Korean body started writhing. I mean absolutely squirming in agony. Keep in mind this is KEB which has the best reputation for service to foreigners. She's still writhing in agony.


Instead, I'd say it was her lack of knowledge with KEB's modernized policy with respect to foreigner banking. The policies and regulations are often updated on their English website before it is passed on down to the tellers and and bank managers.
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Trevor



Joined: 16 Nov 2005

PostPosted: Sat Aug 29, 2009 3:31 am    Post subject: Reply with quote

I'll clarify. First of all, the transaction literally took an hour and a half. I got there at two and left after three thirty. The female teller spent an inordinate amount of time clarifying what my intentions with the money were. Specifically, she wished to know if I planned on taking it out of the country. I answered that I might and it was important to me to have that ability (well, of course...it's my money and I don't have a Korean passport).

Last edited by Trevor on Sat Nov 29, 2014 2:44 am; edited 1 time in total
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