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Bringing Money to Korea

 
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angiegoes



Joined: 15 May 2011

PostPosted: Thu Jul 28, 2011 6:49 am    Post subject: Bringing Money to Korea Reply with quote

I'm moving back to Korea in a couple of weeks, and this time I am taking the housing allowance and am going to find my own apartment.
Any suggestions how I should take my key money over? I have a Korean bank account, but not all the details for it, so a simple bank transfer is not so simple.
Travelers cheques? cash (I really don't like this option)? bank drafts? I will deposit it as soon as I arrive, and the amount is low enough not be be declared at customs.
Thanks!
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isisaredead



Joined: 18 May 2010

PostPosted: Thu Jul 28, 2011 5:09 pm    Post subject: Reply with quote

may i ask why you're adverse to bringing cash? it's easily the best option.
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angiegoes



Joined: 15 May 2011

PostPosted: Thu Jul 28, 2011 6:25 pm    Post subject: Reply with quote

I don''t trust myself not to loose a wad of cash, and I can put some travelers cheques or bank drafts in my passport holder with it still being able to close. Just wondering what other ppl. have done.
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isisaredead



Joined: 18 May 2010

PostPosted: Thu Jul 28, 2011 6:32 pm    Post subject: Reply with quote

cool. i'd go the traveler's cheques option then.
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madoka



Joined: 27 Mar 2008

PostPosted: Thu Jul 28, 2011 6:38 pm    Post subject: Reply with quote

I understand where you are coming from. I recently found several hundred dollars under some papers on my messy desk. I really need to be more careful with my money. Embarassed

That said, I think cash is the way to go. If you are concerned about losing it, then buy a neck purse (about $10-$20) with a zippered compartment. It's virtually impossible to lose or have a pickpocket take it.
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DaHu



Joined: 09 Feb 2011

PostPosted: Fri Jul 29, 2011 1:30 am    Post subject: Reply with quote

Do a wire transfer. Tell your bank you're not sure of the account info but that you'll contact them when you can. They'll probably want something in writing before you go, but then give them the info once you're here and can double check it.
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bobrocket



Joined: 26 Jan 2011

PostPosted: Fri Jul 29, 2011 2:52 am    Post subject: Reply with quote

What about taking it out with your ATM card once you get here
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Who's Your Daddy?



Joined: 30 May 2010
Location: Victoria, Canada.

PostPosted: Fri Jul 29, 2011 5:39 pm    Post subject: Reply with quote

Before leaving home put the money in your mom's account.

Arrive in KOrea, and open an account in your home countries currency.

Have your Mom wire the money into that account.

Then convert from that account to your KRW account when you need the money.

==
If the US doesn't fix it's debt think, the KRW is going to sink like a brick.
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angiegoes



Joined: 15 May 2011

PostPosted: Sat Jul 30, 2011 8:03 am    Post subject: Reply with quote

Thanks for the ideas.
I'm going to double check my bank card works internationally and go that way, or keep cash on my body.

Who's yr daddy?- I've been living away from home for so long I dont really want to ask my mom to help, but I see how that would be a good option for some ppl.

madoka- I just found 20,000 yen in an old backpack last week..... When I clean up I really clean up! ^^

once again, thanks!
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seoultee



Joined: 11 Mar 2011

PostPosted: Fri Aug 12, 2011 4:28 pm    Post subject: Reply with quote

I'm bringing travelers checks w me when I go next week. Woo hoo!
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