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Banks stamp passports when you send money abroad?
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 3:32 am    Post subject: Banks stamp passports when you send money abroad? Reply with quote

I've sent to Latin America twice and Australia twice in 6 months. Never had my passport stamped. Yet one of my friends has had her stamped every time she's send money abroad. She's sent less than me. We're both E2s. Are there rules about stamping? Who gets stamped and why?
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blackjack



Joined: 04 Jan 2006
Location: anyang

PostPosted: Tue Aug 31, 2010 4:48 am    Post subject: Reply with quote

It's bank policy and they are not allowed to do it. No one is allowed to make marks inside your passport other than immigration.

i never take my passport to transfer money, I simply take my ARC card. First couple of times they asked me to bring it next time, I always just said I forgot
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Captain Corea



Joined: 28 Feb 2005
Location: Seoul

PostPosted: Tue Aug 31, 2010 4:50 am    Post subject: Reply with quote

I'd be curious to know that actual government regs on this.
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 5:19 am    Post subject: Reply with quote

This friend has been here for a couple years and the bank has filled three pages of her passport with stamps. There are proabbly about 6-8 stamps per page. In the back of her passport. Is that even legal?

I've always been asked for my passport. But they've never looked at it. Except for the first time.
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 5:25 am    Post subject: Reply with quote

blackjack wrote:
It's bank policy and they are not allowed to do it. No one is allowed to make marks inside your passport other than immigration.


I don't get it. It's bank policy that they stamp it, yet they're not allowed to?
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Tue Aug 31, 2010 5:27 am    Post subject: Reply with quote

They'll tell you they have to, but like most rules and regulations in Korea, they don't (it may be bank policy, but in Korea rules truly were made to be broken a lot of the time).

My bank doesn't (KEB), but other branches might (when you've been in Korea longer, you'll see what I'm talking about). I think it's illegal, but call your embassy to find out (and even if it's legal, threatening them with reporting them to the embassy might be enough).

Again, they don't have to. I don't know why they do.
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mm



Joined: 01 Jul 2010

PostPosted: Tue Aug 31, 2010 5:31 am    Post subject: Reply with quote

i send money every month and i have never heard of this. what do they stamp in your passport? how is that even possible?
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 5:38 am    Post subject: Reply with quote

Not mine. a friend's. I suppose the stamp the date and amount in the passport. It's on the last three pages. The part that says Amendments and Endorsements.

Supposedly you're only allowed to send 10 mil won out of the country in one year? Maybe that's why? Though I could have sworn that you could send more if you prove that you legally earn more.
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ThingsComeAround



Joined: 07 Nov 2008

PostPosted: Tue Aug 31, 2010 5:40 am    Post subject: Reply with quote

I've got stamps in my passport from KB bank. I think its from changing money, not only sending.
She put them near the end where she thought no one would notice..
The wench even wrote in it too- how much cash I was changing.

Bank laws must supersede all other laws in Korea.
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hogwonguy1979



Joined: 22 Dec 2003
Location: the racoon den

PostPosted: Tue Aug 31, 2010 5:53 am    Post subject: Reply with quote

when i buy t/cs at wori bank and told them they couldnt do it that only immig can mark a passport but they insisted.

whats worse when i emailed the us embassy in june after the latest time they did it i got this response:

Quote:
Thank you for your inquiry. Unfortunately, the embassy is unable to give advice on practice of local banks. We suggest that you contact Seoul Global Center for assistance. The Seoul Global Center for Foreigners is a locally-sponsored organization developed to assist foreigners living in Korea. They can be contacted at http://global.seoul.go.kr or Email at [email protected] or by telephone at 02-1688-0120. Thank you.


talk about ducking the question, and you thought the canadian embassy was worthless
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blackjack



Joined: 04 Jan 2006
Location: anyang

PostPosted: Tue Aug 31, 2010 5:54 am    Post subject: Reply with quote

naturegirl321 wrote:
blackjack wrote:
It's bank policy and they are not allowed to do it. No one is allowed to make marks inside your passport other than immigration.


I don't get it. It's bank policy that they stamp it, yet they're not allowed to?


I have no proof to back up this statement other than what I have been told. I retract it
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Jake_Kim



Joined: 27 Aug 2005
Location: Seoul

PostPosted: Tue Aug 31, 2010 6:03 am    Post subject: Reply with quote

naturegirl321 wrote:
Not mine. a friend's. I suppose the stamp the date and amount in the passport. It's on the last three pages. The part that says Amendments and Endorsements.

Supposedly you're only allowed to send 10 mil won out of the country in one year? Maybe that's why? Though I could have sworn that you could send more if you prove that you legally earn more.


Daily transfer limit under the current Foreign Exchange Control Law (applicable to non-Koreans as well) is USD 100k. But it doesn't say a bank should put a stamp on someone's passport. That's simply WRONG - moreover, 'Amendments and Endorsements' is for your friend's own government to declare any change in the legal status of your friend or her passport itself (e.g. extension), and not to be altered by any other entity.
Seriously, she should inform her embassy with full detail and have them file for a formal complaint to the Korean Foreign Ministry, make it a diplomatic issue.


Last edited by Jake_Kim on Tue Aug 31, 2010 6:20 am; edited 1 time in total
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Rothbard



Joined: 23 Aug 2010

PostPosted: Tue Aug 31, 2010 6:03 am    Post subject: Reply with quote

I just do it from designated ATMs, these days. It takes 30 seconds, as opposed to up to 20 mins with a teller. Confused

Stamping your passport is bogus. They have no possible reason to ever even look at your passport. That is what your ARC is for.
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 6:13 am    Post subject: Reply with quote

I just changed money at Woori . I got dollars and Amex traveller's cheques. And my husband changed at KEB. Our passports weren't stamped. My friend's was stamped at Nonhyeon? (the agricultural bank)

I'm afriad of the ATM, one wrong button and my money goes elsewhere.
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naturegirl321



Joined: 18 Jul 2006
Location: Home sweet home

PostPosted: Tue Aug 31, 2010 6:16 am    Post subject: Reply with quote

Rothbard wrote:
Stamping your passport is bogus. They have no possible reason to ever even look at your passport. That is what your ARC is for.


Maybe. All I know is that they said I needed it and entered some info in the little computers.
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