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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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 Posted: Fri Jan 08, 2010 6:04 am Post subject: Depositing money in a Korean account |
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If I come to Korea with money, cash, then once I get an ARC, I can simply deposit this money in my account, right? I don't have to prove where I got this money from?
I mean, it would be within a month of arriving to Korea, they wouldn't think that it was from private classes, or anything, would they? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Jan 08, 2010 6:40 am Post subject: Re: Depositing money in a Korean account |
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| naturegirl321 wrote: |
If I come to Korea with money, cash, then once I get an ARC, I can simply deposit this money in my account, right? I don't have to prove where I got this money from?
I mean, it would be within a month of arriving to Korea, they wouldn't think that it was from private classes, or anything, would they? |
No worry as long as it is less than US$10,000 (assuming you mean as cash).
If it is more than $10,000 then there are other issues to deal with.
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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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| Posted: Fri Jan 08, 2010 8:21 am Post subject: |
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| yep, it's cash and it will definitely be less than 10K usd |
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Ruthdes
Joined: 16 Oct 2008
Location: Seoul
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| Posted: Fri Jan 08, 2010 3:28 pm Post subject: |
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| You shouldn't need to wait for your ARC, I got a bank account with just my passport (I think maybe I had to bring in my ARC once it came). You should be able to deposit the money in your own bank account as soon as you get it (which could be your first business day in the country). |
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