Korean Job Discussion Forums

[3DR]

I'm trying to figure out how I'm going to do this. I know they said they would pay me my severance and everything else on the last day, but I'm trying to figure out how I'm going to send all that money back home.

I'm with Nonghyup and I always have to go in person and have actual cash money in order to transfer.

I also want to be prepared just in case some stuff goes down where they are late paying my money and I'm already long gone on a flight back home!

Nonghyup's Internet Banking sucks as well.

[TDC troll]

I've taken more than 10,000 in 100 dollar bills,just on my person.A few times.
One time almost 20,000.
Just change your money before you leave . Why even deal with
the bank hassle?

It's not like your taking hundreds of thousands.

I know some Koreans who fly with more than 50 grand in
cash when going to Vegas.

[GoldMember]

Get an International ATM card and then when you are home you can withdraw money from your Korean account in $300-$500 lots.

[ticktocktocktick]

I know KB won't let you wire more than 6,000,000 a day out of the country. I don't know if this applies across all banks or not. It'd be wise to wire as much as you can before the last day.

[TheUrbanMyth]

[Aelric]

To the guy who rolls with $10,000:


Do you have any trouble with customs? I know you have to declare anything $10,000 and above. Gotta admit, there is a certain appeal to the idea of walking out of a plane with a briefcase full of cash.

[brento1138]

The answer to this is simple!!

Go to KEB (Korean Exchange Bank) and open up a special remittance account. Whatever money is deposited in that account is AUTOMATICALLY transferred to your account in your home country.

Simply open that account up, give them all the info you need, and they will provide you with a bank book with an account number.

Give that account number to your employer / pension office. When they transfer money into that account, it will automatically transfer into your account back home!

Good ole' KEB. Best bank in Korea for foreigners

Also, if you wish, you can set up international withdrawals on that card as well. But you have to specify that very clearly with them. If your check card has a "visa" logo on it, then you're good to use it abroad anywhere (but only if u specified that u want to use it abroad! make sure u do that..)

There are two options you have!

[thoreau]

1. Go to NH today and tell them you want to set up your account so you can transfer money to your home back directly from the ATM. Tell them that you want a high limit (or no limit.) Then the day after your final pay go to the ATM and transfer the money home. I have this on my acct and every month after payday I transfer a bulk of money home.

2. If you have a relationship with the folks at NH - set up a transfer of your final bank balance. Tell them you are leaving on X day and you want your balance transferred to your US bank. Complete all the paperwork and sign everything. Have them double check. Then they will calculate your balance on the day you specify and close your account and transfer your money home.

[TDC troll]

No one ever asked at customs as I remember.
You certainly don't need a suit case for 10k .
I can put about 7k in my wallet , after I clean it out.
Then just carry the rest in my pocket(s).

[Captain Corea]

[ChilgokBlackHole]

[TDC troll]

Yes , CC ,you're right. They do ask on the form.
If you state that you have more than 10,000,then
you have to fill out a W22 form.

[bucheon bum]

[Aelric]

[lifeinkorea]

GO WITH KEB

Don't go through the same horror story I went through trying to use multiple banks.

To read about it, go to http://forums.eslcafe.com/korea/viewtopic.php?t=179040