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Will the pension office accept my checking account number an
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 12:54 am    Post subject: Will the pension office accept my checking account number an Reply with quote

This may have been asked before,but I could not find the answer . I am looking to change banks in America,but when this happens I will not have a check with me that I could write void on and give it to the pension officer. Would they accept my account number, ABA number and bank address instead of a check?
Thanks!
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 3:34 am    Post subject: Re: Will the pension office accept my checking account numbe Reply with quote

hochhasd wrote:
This may have been asked before,but I could not find the answer . I am looking to change banks in America,but when this happens I will not have a check with me that I could write void on and give it to the pension officer. Would they accept my account number, ABA number and bank address instead of a check?
Thanks!
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 3:35 am    Post subject: Re: Will the pension office accept my checking account numbe Reply with quote

hochhasd wrote:
hochhasd wrote:
This may have been asked before,but I could not find the answer . I am looking to change banks in America,but when this happens I will not have a check with me that I could write void on and give it to the pension officer. Would they accept my account number, ABA number and bank address instead of a check?
Thanks!


Can anyone assist me? Thanks
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thoreau



Joined: 21 Jun 2009

PostPosted: Wed Apr 07, 2010 4:45 am    Post subject: Reply with quote

I"m not sure. But if you're worried I believe they will mail your pension refund to you.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Apr 07, 2010 10:12 am    Post subject: Reply with quote

Have you ever done a transfer from a Korean bank to your home account? If so, bring the paper the bank gave you to the pension office. All the information is there. Otherwise, I'm not sure other than making sure you give them the right account# and the bank's name and address.
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 3:51 pm    Post subject: Reply with quote

jvalmer wrote:
Have you ever done a transfer from a Korean bank to your home account? If so, bring the paper the bank gave you to the pension office. All the information is there. Otherwise, I'm not sure other than making sure you give them the right account# and the bank's name and address.


Yes,but this will be a brand new account that I want the money sent to. Will they accept the account number, routing number, the bank's name and address? Confused
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 8:42 pm    Post subject: Reply with quote

hochhasd wrote:
jvalmer wrote:
Have you ever done a transfer from a Korean bank to your home account? If so, bring the paper the bank gave you to the pension office. All the information is there. Otherwise, I'm not sure other than making sure you give them the right account# and the bank's name and address.


Yes,but this will be a brand new account that I want the money sent to. Will they accept the account number, routing number, the bank's name and address? Confused
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Apr 07, 2010 8:47 pm    Post subject: Reply with quote

Not sure, but take all possible information when you go to the pension office. I'm sure they'll find a way. Worst case scenario, they'll deposit it into your Korean account and you'll have to find a way retrieving it.
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salgichawa



Joined: 18 Mar 2010

PostPosted: Wed Apr 07, 2010 9:14 pm    Post subject: Re: Will the pension office accept my checking account numbe Reply with quote

hochhasd wrote:
This may have been asked before,but I could not find the answer . I am looking to change banks in America,but when this happens I will not have a check with me that I could write void on and give it to the pension officer. Would they accept my account number, ABA number and bank address instead of a check?
Thanks!


Website says yes..

http://www.nps.or.kr/jsppage/english/main.jsp
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Hamlet



Joined: 18 Mar 2008

PostPosted: Wed Apr 07, 2010 10:58 pm    Post subject: Reply with quote

Quote:
You should visit our regional office and bring some documents. They include an Alien Registration card and passport), an airline ticket to confirm emigration from Korea (the date of departure should be less than a month from the date of claim), and a bankbook/bank statement/void check.


Open the new account and get Internet banking. Then print a statement.
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hochhasd



Joined: 05 Jul 2008

PostPosted: Wed Apr 07, 2010 11:25 pm    Post subject: Reply with quote

Hamlet wrote:
Quote:
You should visit our regional office and bring some documents. They include an Alien Registration card and passport), an airline ticket to confirm emigration from Korea (the date of departure should be less than a month from the date of claim), and a bankbook/bank statement/void check.


Open the new account and get Internet banking. Then print a statement.



Thanks! I think I will open it at least two months before I apply for the refund.
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Hamlet



Joined: 18 Mar 2008

PostPosted: Wed Apr 07, 2010 11:52 pm    Post subject: Reply with quote

Sure. Don't know what bank you're going to use, but at Wells Fargo I had to first sign up for Internet banking. This did not automatically get me online statements, oddly enough. I had to enter the online banking site and check the "paperless statements" option. Now I get PDF statements instead of paper ones in the mail. Make sure you do both steps (if your bank requires it); otherwise, you might not get the statements you are looking for.

Good luck!
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hochhasd



Joined: 05 Jul 2008

PostPosted: Thu Apr 08, 2010 3:47 pm    Post subject: Reply with quote

Hamlet wrote:
Sure. Don't know what bank you're going to use, but at Wells Fargo I had to first sign up for Internet banking. This did not automatically get me online statements, oddly enough. I had to enter the online banking site and check the "paperless statements" option. Now I get PDF statements instead of paper ones in the mail. Make sure you do both steps (if your bank requires it); otherwise, you might not get the statements you are looking for.

Good luck!


I just spoke with my new bank in America and they claim the statement only has the account number on it and that alone will not be able to get the money from the pension office to my bank. The lady at the bank claims they(pension office) will need the routing number. So, the question still remains, why will the pension not accept my banks name, address and account numbedr along with the routing number? I am going to have to give them the routing number anyway if they want the statement. Confused
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Hamlet



Joined: 18 Mar 2008

PostPosted: Thu Apr 08, 2010 5:42 pm    Post subject: Reply with quote

Quote:
I just spoke with my new bank in America and they claim the statement only has the account number on it and that alone will not be able to get the money from the pension office to my bank. The lady at the bank claims they(pension office) will need the routing number. So, the question still remains, why will the pension not accept my banks name, address and account numbedr along with the routing number? I am going to have to give them the routing number anyway if they want the statement.


I wouldn't worry about this. Just print the statement AND print the banks routing number off their website or a website like this....

http://www.routingnumbers.org/

As to why the pension office will only take printed copies, I'll tell you exactly why. I worked for a payroll company back home called ADP for 5 years. It was my job to sell and set up companies and their employees on our automated payroll service. I set up hundreds of companies on our service and thousands of their employees on our direct deposit service.

To set up direct deposit, I needed people's bank account numbers and their banks routing numbers. Our company policy was the same as the pension office's--we only accepted canceled checks or bank statement copies. The reason?

People often screw up when giving the numbers. I've had people write down the wrong number. I've had people include the check number as part of the bank account number. I've had people who thought the routing number was part of the account number. I've had people write so sloppy that I could not read the number at all!

And do you know what happens if the money gets sent to the wrong account? These people throw a fit, and they'll blame everyone under the sun except themselves--even if it is totally their own fault. The way for a company (or pension office) to eliminate this problem? ...only accept canceled checks or printed statements. Our policy was to never take a number verbally and never take a hand-written number!

If you print both numbers, on official looking documents, and give them to the pension office, they will have a clear copy of both numbers, and they will have something to back themselves up if there are any problems with the transaction. Give them that, and I don't think they will give you any grief!
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hochhasd



Joined: 05 Jul 2008

PostPosted: Thu Apr 08, 2010 5:59 pm    Post subject: Reply with quote

Hamlet wrote:
Quote:
I just spoke with my new bank in America and they claim the statement only has the account number on it and that alone will not be able to get the money from the pension office to my bank. The lady at the bank claims they(pension office) will need the routing number. So, the question still remains, why will the pension not accept my banks name, address and account numbedr along with the routing number? I am going to have to give them the routing number anyway if they want the statement.


I wouldn't worry about this. Just print the statement AND print the banks routing number off their website or a website like this....
http://www.routingnumbers.org/

As to why the pension office will only take printed copies, I'll tell you exactly why. I worked for a payroll company back home called ADP for 5 years. It was my job to sell and set up companies and their employees on our automated payroll service. I set up hundreds of companies on our service and thousands of their employees on our direct deposit service.

To set up direct deposit, I needed people's bank account numbers and their banks routing numbers. Our company policy was the same as the pension office's--we only accepted canceled checks or bank statement copies. The reason?

People often screw up when giving the numbers. I've had people write down the wrong number. I've had people include the check number as part of the bank account number. I've had people who thought the routing number was part of the account number. I've had people write so sloppy that I could not read the number at all!

And do you know what happens if the money gets sent to the wrong account? These people throw a fit, and they'll blame everyone under the sun except themselves--even if it is totally their own fault. The way for a company (or pension office) to eliminate this problem? ...only accept canceled checks or printed statements. Our policy was to never take a number verbally and never take a hand-written number!

If you print both numbers, on official looking documents, and give them to the pension office, they will have a clear copy of both numbers, and they will have something to back themselves up if there are any problems with the transaction. Give them that, and I don't think they will give you any grief!



Thanks! So if I print my bank statement with the name of the bank and account number on it and hand them a another paper with the banks routing number(using your link or the banks) they will accept both papers?
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