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neil537
Joined: 15 Jan 2009
Location: Incheon, South Korea
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 Posted: Mon Mar 08, 2010 7:49 pm Post subject: Spare change |
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No doubt this has been covered before (I vaguely remember a thread, and tried to find it, but the search function refused to work) but I have a question regarding loose change.
Anyone know where I can exchange it for some 'foldin money'?
I bank with KEB, maybe they would exchange it, but I figure I have over 100K in unsorted 100, 50 and 10 Won pieces, I don't think I'd be their favourite customer if I took it there.
Back home (UK) some supermarkets have a machine that sorts and counts the change, takes a small cut, and then you can exchange a voucher for notes. Anyone seen anything similar in Korea?
Thanks in advance |
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DeMayonnaise
Joined: 02 Nov 2008
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| Posted: Mon Mar 08, 2010 8:03 pm Post subject: |
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| I did it at Nonghyup bank, no problem. Brought in my jar, and they gave me a couple man wons back. Even filtered out the American coins, buttons and bits of food I had in it. |
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tokkibunni8
Joined: 13 Nov 2009
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| Posted: Mon Mar 08, 2010 9:39 pm Post subject: |
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| acouple weeks ago, I brought in two huge bags. I got 207,000won. Any bank will do it. |
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Senior
Joined: 31 Jan 2010
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| Posted: Mon Mar 08, 2010 9:43 pm Post subject: |
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| I've done it at Nong Hyup bank a few times. My biggest haul was 55,000won. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Mon Mar 08, 2010 10:14 pm Post subject: Re: Spare change |
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| neil537 wrote: |
No doubt this has been covered before (I vaguely remember a thread, and tried to find it, but the search function refused to work) but I have a question regarding loose change.
Anyone know where I can exchange it for some 'foldin money'?
I bank with KEB, maybe they would exchange it, but I figure I have over 100K in unsorted 100, 50 and 10 Won pieces, I don't think I'd be their favourite customer if I took it there.
Back home (UK) some supermarkets have a machine that sorts and counts the change, takes a small cut, and then you can exchange a voucher for notes. Anyone seen anything similar in Korea?
Thanks in advance |
All Korean banks I've seen have the same kind of machine that counts money. You take it in, they dump it in the machine and it sorts it out. They wrap them and give you notes in exchange..
It does go a lot quicker if you pre-sort it by hand before taking it in. I use one of those sectioned plastic Tupperware containers you can buy at most any store. 4 sections one each for 10's 50's 100's and 500's. |
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Senior
Joined: 31 Jan 2010
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| Posted: Mon Mar 08, 2010 10:34 pm Post subject: Re: Spare change |
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| TheUrbanMyth wrote: |
| neil537 wrote: |
No doubt this has been covered before (I vaguely remember a thread, and tried to find it, but the search function refused to work) but I have a question regarding loose change.
Anyone know where I can exchange it for some 'foldin money'?
I bank with KEB, maybe they would exchange it, but I figure I have over 100K in unsorted 100, 50 and 10 Won pieces, I don't think I'd be their favourite customer if I took it there.
Back home (UK) some supermarkets have a machine that sorts and counts the change, takes a small cut, and then you can exchange a voucher for notes. Anyone seen anything similar in Korea?
Thanks in advance |
All Korean banks I've seen have the same kind of machine that counts money. You take it in, they dump it in the machine and it sorts it out. They wrap them and give you notes in exchange..
It does go a lot quicker if you pre-sort it by hand before taking it in. I use one of those sectioned plastic Tupperware containers you can buy at most any store. 4 sections one each for 10's 50's 100's and 500's. |
I sort my change just in case. Does the machine automatically sort it? I've taken to throwing my 10wons out the window or in the trash. Why do we even have them? They aren't worth whatever it is they are printed on. Certainly not the effort to take them to the bank. They're actually a drain on my personal welfare. 10won coins make me poorer. |
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Ruthdes
Joined: 16 Oct 2008
Location: Seoul
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| Posted: Tue Mar 09, 2010 4:47 am Post subject: Re: Spare change |
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| Senior wrote: |
| I sort my change just in case. Does the machine automatically sort it? I've taken to throwing my 10wons out the window or in the trash. Why do we even have them? They aren't worth whatever it is they are printed on. Certainly not the effort to take them to the bank. They're actually a drain on my personal welfare. 10won coins make me poorer. |
Heh, Australia got rid of 1 and 2 cent pieces years ago. You don't realise how annoying they are until you have to deal with them! But spare a thought for Mongolia. The Tugrut is roughly equivalent to the won and has no coins. Everything is notes, and yes, they have a 10 Tugrut note. A wallet full of notes can quite easily be worth about 30 cents  |
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