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kabrams
Joined: 15 Mar 2008
Location: your Dad's house
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 Posted: Tue Feb 02, 2010 10:15 pm Post subject: Sending money home through post office |
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Is there a way to do this? Has anyone done this before? Any tips? My Korean is not that great but will I still be able to do it? I have all of the information written down.
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Konglishman
Joined: 14 Sep 2007
Location: Nanjing
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| Posted: Tue Feb 02, 2010 10:17 pm Post subject: |
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| I tried to mail a $100 bill to my nephew once, but I was told that it was illegal to send cash by mail. |
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kabrams
Joined: 15 Mar 2008
Location: your Dad's house
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| Posted: Tue Feb 02, 2010 10:22 pm Post subject: |
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| Konglishman wrote: |
| I tried to mail a $100 bill to my nephew once, but I was told that it was illegal to send cash by mail. |
Not mailing, I mean wire transfer through the post office. |
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Konglishman
Joined: 14 Sep 2007
Location: Nanjing
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| Posted: Tue Feb 02, 2010 10:39 pm Post subject: |
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| kabrams wrote: |
| Konglishman wrote: |
| I tried to mail a $100 bill to my nephew once, but I was told that it was illegal to send cash by mail. |
Not mailing, I mean wire transfer through the post office. |
The first time that I heard you could do that was when I watched JCVD. Unfortunately, I have no idea if this can be done in Korea. Anyways, why don't you wire the money from a bank? |
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meghanr83
Joined: 15 Jun 2009
Location: Korea
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| Posted: Wed Feb 03, 2010 4:41 am Post subject: |
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| If you use KEB, they only charge you about 8,000 Won for an international wire transfer. It's really easy and there is always someone available by phone who can help you in English. You just need to open an account and then register the receiving account. It could be any account in your home country...you just need the info. The internet banking only takes a few minutes and even better...no hassle sending money home every month. |
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The Gipkik
Joined: 30 Mar 2009
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| Posted: Wed Feb 03, 2010 5:19 am Post subject: |
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| meghanreynolds wrote: |
| If you use KEB, they only charge you about 8,000 Won for an international wire transfer. It's really easy and there is always someone available by phone who can help you in English. You just need to open an account and then register the receiving account. It could be any account in your home country...you just need the info. The internet banking only takes a few minutes and even better...no hassle sending money home every month. |
Not sure where you're getting this number from as I do business with KEB every month and I get charged 18,000 Won every time. If your KEB branch is really charging only 8,000 Won, I'd really like to know where it is.
I also get charged $10 by my home bank and to make matters even worse, I lose another $10 through the KEB branch in my home country as well. That works out to around 40,000 Won every transaction. Not cheap at all. |
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Forward Observer
Joined: 13 Jan 2009
Location: FOB Gloria
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| Posted: Wed Feb 03, 2010 5:22 am Post subject: |
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My friend in France bought me something in Switzerland. I wanted to pay her back, she had no bank account because she was visiting friends in France. I changed money into 100 Euros, went to post office, send a small box via EMS (express mail service), insured it for the amount I put inside the souvenier box I bought her, and she got it a few days later no problems whatsoever, and it was insured - so easy as pie.
I could have sent it via western union, but this way she didn't have to leave her house. Delivered right to her door. |
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jmuns
Joined: 09 Sep 2009
Location: earth
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| Posted: Wed Feb 03, 2010 5:38 am Post subject: |
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| if you transfer money at a KEB bank office they will charge you anywhere from 8k-18k depending on the amount you transfer back. but i think if you transfer online it is always 8k, not any more. |
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The Gipkik
Joined: 30 Mar 2009
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| Posted: Wed Feb 03, 2010 5:42 am Post subject: |
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| jmuns wrote: |
| if you transfer money at a KEB bank office they will charge you anywhere from 8k-18k depending on the amount you transfer back. but i think if you transfer online it is always 8k, not any more. |
Thanks for this. I do my banking in person, so I'll check out KEB's ebanking site. |
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Sector7G
Joined: 24 May 2008
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| Posted: Wed Feb 03, 2010 5:51 am Post subject: |
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| meghanreynolds wrote: |
| If you use KEB, they only charge you about 8,000 Won for an international wire transfer. It's really easy and there is always someone available by phone who can help you in English. You just need to open an account and then register the receiving account. It could be any account in your home country...you just need the info. The internet banking only takes a few minutes and even better...no hassle sending money home every month. |
This is the second time I've heard this today. You transfer it yourself, online, right? Are you sure there are no other fees? Because like The Gipkik said, it costs over 41,000 to transfer it the "regular" way with KEB. |
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jmuns
Joined: 09 Sep 2009
Location: earth
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| Posted: Wed Feb 03, 2010 6:12 am Post subject: |
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| Sector7G wrote: |
| meghanreynolds wrote: |
| If you use KEB, they only charge you about 8,000 Won for an international wire transfer. It's really easy and there is always someone available by phone who can help you in English. You just need to open an account and then register the receiving account. It could be any account in your home country...you just need the info. The internet banking only takes a few minutes and even better...no hassle sending money home every month. |
This is the second time I've heard this today. You transfer it yourself, online, right? Are you sure there are no other fees? Because like The Gipkik said, it costs over 41,000 to transfer it the "regular" way with KEB. |
how much are you sending home at a time? sounds like most of your fees are from your home bank. |
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Sector7G
Joined: 24 May 2008
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| Posted: Wed Feb 03, 2010 6:36 am Post subject: |
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| jmuns wrote: |
| Sector7G wrote: |
| meghanreynolds wrote: |
| If you use KEB, they only charge you about 8,000 Won for an international wire transfer. It's really easy and there is always someone available by phone who can help you in English. You just need to open an account and then register the receiving account. It could be any account in your home country...you just need the info. The internet banking only takes a few minutes and even better...no hassle sending money home every month. |
This is the second time I've heard this today. You transfer it yourself, online, right? Are you sure there are no other fees? Because like The Gipkik said, it costs over 41,000 to transfer it the "regular" way with KEB. |
how much are you sending home at a time? sounds like most of your fees are from your home bank. |
To send $2000 US with KEB, it was costing a total of 41,000 won. That was 23,000 from KEB, and a mystery $18 from some middle point, zero from my home bank(others have reported this mystery deduction as well)
But this last month, as I wrote on another thread, I bought a money order from KEB and sent it by snail mail to my US credit union. I don't think I was charged for the money order itself, and the cost of postage was something like 1200 won or less. The only downside was that it took 3 weeks to get there. So if you need the money there fast it won't work for you. If I knew 8000 won was the total amount of fees from start to finish I would consider that well worth the cost to get it there that quickly. |
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jmuns
Joined: 09 Sep 2009
Location: earth
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| Posted: Wed Feb 03, 2010 6:40 am Post subject: |
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| you should ask your bank at home who they use for international transfers. some banks, or maybe most, dont handle the wires themselves. the money you send from KEB goes through a third party and then to your bank, the third party is the one taking the mystery charge. also, ask KEB next time what the cost levels are. i send under $2000 and they charge 18k. not sure if online transfers have cost levels as well or if no matter how much you send its 8k/transfer. i'd be interested in finding out. |
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Sector7G
Joined: 24 May 2008
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| Posted: Wed Feb 03, 2010 6:49 am Post subject: |
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| jmuns wrote: |
| you should ask your bank at home who they use for international transfers. some banks, or maybe most, dont handle the wires themselves. the money you send from KEB goes through a third party and then to your bank, the third party is the one taking the mystery charge. also, ask KEB next time what the cost levels are. i send under $2000 and they charge 18k. not sure if online transfers have cost levels as well or if no matter how much you send its 8k/transfer. i'd be interested in finding out. |
Well, yes, I figured that was what was happening for me. But for you, just to clarify, are you saying that this 8000 won is the total charge? No fee from your home bank or no third party fee ? |
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jmuns
Joined: 09 Sep 2009
Location: earth
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| Posted: Wed Feb 03, 2010 6:53 am Post subject: |
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| no i have other charges, 8k is what KEB charges, but bank of america charges me again as well. |
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