| View previous topic :: View next topic |
| Author |
Message |
enns
Joined: 02 May 2006
|
 Posted: Wed Aug 12, 2009 5:47 am Post subject: |
 |
|
Is there any risk in sending money home after you've already left the country(for good)? For example, if I wait 6 months for the exchange rate to improve will my bank account still be operational? Using ATM transfers, anyone can easily send my money to my account back home.
Also, I have an international KB card(from 3 years ago), should it still work? What are people's experiences with this? |
|
| Back to top |
|
 |
jmwhmb
Joined: 23 Apr 2008
|
| Posted: Tue Sep 08, 2009 9:29 am Post subject: |
|
|
| enns wrote: |
Is there any risk in sending money home after you've already left the country(for good)? For example, if I wait 6 months for the exchange rate to improve will my bank account still be operational? Using ATM transfers, anyone can easily send my money to my account back home.
Also, I have an international KB card(from 3 years ago), should it still work? What are people's experiences with this? |
*bump* |
|
| Back to top |
|
|
Xuanzang
Joined: 10 Apr 2007
Location: Sadang
|
| Posted: Thu Sep 24, 2009 5:26 am Post subject: |
|
|
| jeremyslome wrote: |
| also, does anyone know if foreign banks, namely american banks, exchange the "cashier's checks" at korean banks? these are the 1,000,000 or 100,000 won checks i get from Daegu Bank. Can I take these to America to be exchanged? |
No. Don`t take won out of this country and expect banks in the States to exchange it for you. You`ll get a horrible rate or they won`t do it. |
|
| Back to top |
|
|
DaeguNL
Joined: 08 Sep 2009
|
| Posted: Fri Sep 25, 2009 9:16 pm Post subject: |
|
|
| Is the easiest method just wiring money through a bank? |
|
| Back to top |
|
|
Mr Freeze
Joined: 28 Sep 2007
|
| Posted: Mon Sep 28, 2009 6:33 am Post subject: |
|
|
| enns wrote: |
Is there any risk in sending money home after you've already left the country(for good)? For example, if I wait 6 months for the exchange rate to improve will my bank account still be operational? Using ATM transfers, anyone can easily send my money to my account back home.
Also, I have an international KB card(from 3 years ago), should it still work? What are people's experiences with this? |
You are in the same boat as me. I've asked around and from what i gather, you can leave your money in your KB account for as long as you want. My plan is the leave here in December, and come back in the middle of next year to get my money. If I transfer it out now, I will lose a huge chunk because of the poor exchange rate (which is improving). |
|
| Back to top |
|
|
Debk2000
Joined: 11 Aug 2009
|
| Posted: Fri Jan 22, 2010 10:04 pm Post subject: |
|
|
| DaeguNL wrote: |
| Is the easiest method just wiring money through a bank? |
Any takers for this question? I also really need to know what is the best way to send money because I have many bills to pay back in the states. Any help is greatly appreciated...........
Also, my bank (Shinhan Bank) told me that since I am a foreigner I cannot have an ATM card or do online banking for at least 3 months after opening the account. This is so inconvenient. I am wondering-Is this standard practice with Korean banks or is Shinhan Bank just not very foreigner-friendly? |
|
| Back to top |
|
|
passport220
Joined: 14 Jun 2006
Location: Gyeongsangbuk-do province
|
| Posted: Sat Jan 23, 2010 5:03 am Post subject: |
|
|
Easiest? Yeah, an international bank to bank wire transfer would be the easiest.
Most cost effective is just a math question to compare options. Remember to calculate bank fees for both sending and receiving bank. Also note that banks often have a different exchange rate depending on the method of transfer (rates maybe different check vs electronic transfer). I had no pressing need to get money home right away so traveler's checks worked best for me. |
|
| Back to top |
|
|
SHANE02
Joined: 04 Jun 2003
|
| Posted: Sat Jan 23, 2010 7:14 am Post subject: |
|
|
| Is there a limit to how much a KOREAN can send overseas. ? |
|
| Back to top |
|
|
TL
Joined: 30 Mar 2008
|
| Posted: Tue Feb 02, 2010 7:24 pm Post subject: |
|
|
| Has anyone tried opening a KEB account in Canada and linking it to their KEB account in Korea and sending money between the accounts? |
|
| Back to top |
|
|
marina_ballerina
Joined: 19 Jul 2009
Location: Nowon, S. Korea
|
| Posted: Sun Feb 07, 2010 8:11 am Post subject: |
|
|
| I bank with citi, and supposedly you can transfer money at the atm but they ask for your bank code, which I'm pretty sure isn't the same as the swift code because there's no place to type in letters. Does anyone know about this? |
|
| Back to top |
|
|
Justin Trullinger
Joined: 11 Jan 2010
Location: Seoul
|
| Posted: Sun Jul 18, 2010 3:34 am Post subject: |
|
|
About not getting an ATM card for three months (Shinhan.)
This is true, and allowed under Korean law, but most banks don't do it. So skip Shinhan. I got an ATM card the same day from KEB.
Best,
Justin |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
