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Quick Pension Refund Question

 
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Voyeur



Joined: 19 Jun 2003

PostPosted: Wed Jun 29, 2011 7:08 am    Post subject: Quick Pension Refund Question Reply with quote

If you have been here for a long time and don't have a bank account at home, what are your options?

You can have it sent to your Korean account...but what if you won't be in Korea long enough after getting your plane ticket to get the cash then transfer it home?

Will they let you designate say your father or brother's account and send it there (I assume you add some extra forms to fill out to authorize or whatnot)?

What are your options here?
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Ramen



Joined: 15 Apr 2008

PostPosted: Wed Jun 29, 2011 7:19 am    Post subject: Reply with quote

can't send to a 3rd party account.

give me your atm card and pin. i'll send it to you. Razz
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Voyeur



Joined: 19 Jun 2003

PostPosted: Wed Jun 29, 2011 7:27 am    Post subject: Reply with quote

But seriously there must be lots of long termers who don't have an account back home.

Not sure I can open one up back home without being there....

Seems like I am out of options...
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venus envy



Joined: 25 Jul 2007
Location: chicago

PostPosted: Wed Jun 29, 2011 9:12 pm    Post subject: Reply with quote

You can always set up an account when you get home and then apply for your pension.
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Voyeur



Joined: 19 Jun 2003

PostPosted: Wed Jun 29, 2011 10:46 pm    Post subject: Reply with quote

I decided to go the office today.

They seem to have a new system.

First, they actually now have a way to check for your actual departure and won't transfer money to even a Korean account until AFTER you have left.

Second, you are right that you can apply after you get home via a consulate.

But third, you can apply from here with your ticket and no bank account and they will courrier a check. It will get there about 3-4 weeks after your aactual departure is confirmed.

OFC as with all Korean agencies, your mileage may vary. Maybe other clerks won't follow the new rules or maybe she was misinformed about them. *shrug* But it was two clerks and the manager all working with me...so seems like it is a new policy.
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koreatimes



Joined: 07 Jun 2011

PostPosted: Thu Jun 30, 2011 1:49 am    Post subject: Reply with quote

Quote:
I decided to go the office today.


Well, finally. Your thread started today Laughing

Quote:
If you have been here for a long time and don't have a bank account at home, what are your options?


You can link your bank up for transfers to your dad's account. Then, have the pension office deposit into your Korean account. From there you can transfer whenever you want to your dad's account.

I am no banking genius, and this is probably an outdated method. Just an idea though if I didn't have an account back home.
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