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Skill
Joined: 06 Jul 2011
Location: London
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 Posted: Wed Sep 28, 2011 12:08 pm Post subject: Bringing money to South Korea. |
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How much money should I bring to South Korea and in what Currency?
Should it be in sterling (as I am from the UK) or it is better to exchange it and bring it in Won?
Also I find it uncomfortable with the thought of carrying a grand in cash, would it be ok to bring just my Barlays Debit Card? ( I don't do Credit Card).
I need advice as I am planning to come to SK in 2 weeks time.
Last edited by Skill on Wed Sep 28, 2011 12:44 pm; edited 1 time in total |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Sep 28, 2011 12:25 pm Post subject: Re: Brining money to South Korea. |
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| Skill wrote: |
How much money should I bring to South Korea and in what Currency?
Should it be in sterling (as I am from the UK) or it is better to exchange it and bring it in Won?
Also I find it uncomfortable with the thought of carrying a grand in cash, would it be ok to bring just my Barlays Debit Card? ( I don't do Credit Card).
I need advice as I am planning to come to SK in 2 weeks time. |
Do NOT BUY WON outside of Korea.
Bring sterling (British not Scottish) and change it here.
A grand is not a lot of money (1.8m krw) and you could get by with about 600 pounds. Use your card as a backup (service fees on international cards can be nasty).
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calendar
Joined: 22 Sep 2011
Location: being a hermit
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| Posted: Wed Sep 28, 2011 12:36 pm Post subject: |
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What is 'brining'? 
Make sure you have enough to cover unforeseen expenses if they arise. |
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Skill
Joined: 06 Jul 2011
Location: London
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| Posted: Wed Sep 28, 2011 12:43 pm Post subject: |
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| calendar wrote: |
What is 'brining'?
Make sure you have enough to cover unforeseen expenses if they arise. |
Add the letter "g" to the word and see it magically transformed in front of your eyes. Since you are a such a smart alec I'll let you decide where it goes.
As to answer your question, brining is a process in which meat is soaked in brine. |
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Skill
Joined: 06 Jul 2011
Location: London
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| Posted: Wed Sep 28, 2011 12:49 pm Post subject: Re: Brining money to South Korea. |
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| ttompatz wrote: |
| Skill wrote: |
How much money should I bring to South Korea and in what Currency?
Should it be in sterling (as I am from the UK) or it is better to exchange it and bring it in Won?
Also I find it uncomfortable with the thought of carrying a grand in cash, would it be ok to bring just my Barlays Debit Card? ( I don't do Credit Card).
I need advice as I am planning to come to SK in 2 weeks time. |
Do NOT BUY WON outside of Korea.
Bring sterling (British not Scottish) and change it here.
A grand is not a lot of money (1.8m krw) and you could get by with about 600 pounds. Use your card as a backup (service fees on international cards can be nasty).
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So you advise me to bring over a grand in cash?
I know the service charge is quite hefty. I nevery every had to pay for using the ATM here in London.
Would I be able to transfer money to my Korean account and use their card instead?
I have access to online banking.
Is there a charge for paying from my British account to my Korean account? |
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calendar
Joined: 22 Sep 2011
Location: being a hermit
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| Posted: Wed Sep 28, 2011 1:15 pm Post subject: |
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| Skill wrote: |
| calendar wrote: |
What is 'brining'?
Make sure you have enough to cover unforeseen expenses if they arise. |
Add the letter "g" to the word and see it magically transformed in front of your eyes. Since you are a such a smart alec I'll let you decide where it goes.
As to answer your question, brining is a process in which meat is soaked in brine. |
Lacking a sense of humor are you? I knew what you meant and didn't need a lesson on brine' either. Lighten up some, why do you think the smiley was there?
Though I noticed you edited your title. |
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rayray123
Joined: 27 Jan 2010
Location: korea
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| Posted: Wed Sep 28, 2011 1:21 pm Post subject: |
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I brought about $1500 US last year. It was more than enough.
As for carrying it, just put it in your front pants pocket. If you don't put any metal clips on it you can leave it in your pocket when you go through airport security.
It might be a few weeks before you get a Korean bank account set up. You need to get your ARC first. |
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Skill
Joined: 06 Jul 2011
Location: London
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| Posted: Wed Sep 28, 2011 2:19 pm Post subject: |
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| calendar wrote: |
| Skill wrote: |
| calendar wrote: |
What is 'brining'?
Make sure you have enough to cover unforeseen expenses if they arise. |
Add the letter "g" to the word and see it magically transformed in front of your eyes. Since you are a such a smart alec I'll let you decide where it goes.
As to answer your question, brining is a process in which meat is soaked in brine. |
Lacking a sense of humor are you? I knew what you meant and didn't need a lesson on brine' either. Lighten up some, why do you think the smiley was there?
Though I noticed you edited your title. |
Next time try putting U in homour, and we both can have a few 
I am a brit.
Last edited by Skill on Wed Sep 28, 2011 4:06 pm; edited 2 times in total |
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koreatimes
Joined: 07 Jun 2011
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| Posted: Wed Sep 28, 2011 4:01 pm Post subject: |
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| So you advise me to bring over a grand in cash? |
When I have cash, I usually spend it faster than if I have to take it out of a bank. So, I plan how much I will need for food, and then I plan my big purchases at one go. You may have one transaction fee (bank, not store), but it won't be nearly as much as you could spend if you had that money in cash.
Then, you don't have to worry about losing it. Expect 100,000 to be gone your first day. Plan the rest. |
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calendar
Joined: 22 Sep 2011
Location: being a hermit
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| Posted: Wed Sep 28, 2011 4:05 pm Post subject: |
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Next time try putting U in homour, and we both can have a few
I am a brit |
Are you saying you do not recognize the differences between the British and American versions of English?? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Sep 28, 2011 4:09 pm Post subject: Re: Brining money to South Korea. |
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| Skill wrote: |
So you advise me to bring over a grand in cash?
I know the service charge is quite hefty. I nevery every had to pay for using the ATM here in London.
Would I be able to transfer money to my Korean account and use their card instead?
I have access to online banking.
Is there a charge for paying from my British account to my Korean account? |
Yes, just bring cash with you. You are a big boy now. You can do it.
There is no bogey man waiting around the corner to mug you and steal your milk money.
You are not going to be sitting on the beach and leaving a grand tucked under your towel when you go for a dip. (common sense is a good thing)
�1000 is NOT a lot of cash (only 20 x �50 notes, 5 or 10 of which you will exchange at the airport when you arrive).
It you really are worried about it, put 5 notes in each of your 4 pockets and your worries disappear.
Also, you will spend a fair piece of it soon after your arrival (groceries, things for your apartment, etc).
You may not pay anything to use your ATM card in your home country but when you head over here the bank fees for international transactions add up AND you will have to hunt to find a machine that you can actually use (NOT all ATMs are international and most banks do NOT have an international ATM machine).
Wiring money (especially for small amounts) is just crazy.
Unless you have a foreign remittance account set up you can expect the combined wire fees to be upwards of �30 per transaction.
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calendar
Joined: 22 Sep 2011
Location: being a hermit
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| Posted: Wed Sep 28, 2011 4:48 pm Post subject: |
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Yes, just bring cash with you. You are a big boy now. You can do it.
There is no bogey man waiting around the corner to mug you and steal your milk money.
You are not going to be sitting on the beach and leaving a grand tucked under your towel when you go for a dip. (common sense is a good thing)
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Good grief. Has the supply pool of newbie teachers been watered down so much that TTompatz has to do their thinking for them? Given some of the questions asked now-a-days one wonders if anyone is actually raising their children in the west.
(Sorry, needed to get that off my chest) |
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Skill
Joined: 06 Jul 2011
Location: London
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| Posted: Wed Sep 28, 2011 5:02 pm Post subject: Re: Brining money to South Korea. |
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| ttompatz wrote: |
| Skill wrote: |
So you advise me to bring over a grand in cash?
I know the service charge is quite hefty. I nevery every had to pay for using the ATM here in London.
Would I be able to transfer money to my Korean account and use their card instead?
I have access to online banking.
Is there a charge for paying from my British account to my Korean account? |
Yes, just bring cash with you. You are a big boy now. You can do it.
There is no bogey man waiting around the corner to mug you and steal your milk money.
You are not going to be sitting on the beach and leaving a grand tucked under your towel when you go for a dip. (common sense is a good thing)
�1000 is NOT a lot of cash (only 20 x �50 notes, 5 or 10 of which you will exchange at the airport when you arrive).
It you really are worried about it, put 5 notes in each of your 4 pockets and your worries disappear.
Also, you will spend a fair piece of it soon after your arrival (groceries, things for your apartment, etc).
You may not pay anything to use your ATM card in your home country but when you head over here the bank fees for international transactions add up AND you will have to hunt to find a machine that you can actually use (NOT all ATMs are international and most banks do NOT have an international ATM machine).
Wiring money (especially for small amounts) is just crazy.
Unless you have a foreign remittance account set up you can expect the combined wire fees to be upwards of �30 per transaction.
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Alright alright,
You are right, I just didn't want my milk money stolen. It is a big move for me.
I'll bring a grand or two. I am tight with money and overly cautious. I guess I'll have to stuff it down my pants. Thanks for clearing that up for me.
@ Calendar,
I just recently discovered Americans speak English. |
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calendar
Joined: 22 Sep 2011
Location: being a hermit
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| Posted: Wed Sep 28, 2011 5:07 pm Post subject: |
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I just recently discovered Americans speak English |
Sadly it is a well kept secret and theirs is at the bottom of the pile for quality. |
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marsavalanche
Joined: 27 Aug 2010
Location: where pretty lies perish
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| Posted: Wed Sep 28, 2011 6:28 pm Post subject: Re: Brining money to South Korea. |
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| ttompatz wrote: |
| Skill wrote: |
So you advise me to bring over a grand in cash?
I know the service charge is quite hefty. I nevery every had to pay for using the ATM here in London.
Would I be able to transfer money to my Korean account and use their card instead?
I have access to online banking.
Is there a charge for paying from my British account to my Korean account? |
Yes, just bring cash with you. You are a big boy now. You can do it.
There is no bogey man waiting around the corner to mug you and steal your milk money.
You are not going to be sitting on the beach and leaving a grand tucked under your towel when you go for a dip. (common sense is a good thing)
. |
ROFL |
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