Korean Job Discussion Forums

amcnutt · Joined: 22 Mar 2010

Returning to Korea soon. I will be getting a final paycheck from my current Canadian job and getting my income tax return put into my Canadian bank account, but these will go into my account about a week after I leave.

Can someone tell me if I can access funds from my Canadian bank account (RBC bank)? I don't want to use my debit card in stores to make purchases, but rather just make basic withdrawals to get me through my first month of teaching (before my first teaching pay day).

Can I use my RBC card at any ATM or do I have to go to a specific bank in person to make a withdrawal?

Any info appreciated!

plchron · Joined: 26 Feb 2011 Location: Korea

Yes, there are global ATMs everywhere. Usually at least one in every bank. Make sure to tell your Canadian bank that you will be traveling to/ living in Korea.

Weigookin74 · Joined: 26 Oct 2009

Weigookin74 · Joined: 26 Oct 2009

But as a side note, Americans use their debit and credit card together. One charges the other or something like that. Many countries do this system. But in Canada we use our debit and credit card seperately, so that may be why we run into problems. We use interact, though the plus network in the states recognize our debit cards. But this has only been for about the past decade or so.

Now if I could Nonghyup to actually give me a debit card that will work outside of Korea. #%%^&!!

tea_time · Joined: 29 Jul 2010

I have used my RBC card successfully, but it is a five dollar charge to use your card outside of Canada.

You can do an online wire transfer up to 2500$ per day it may be more useful

http://www.rbcroyalbank.com/services/international-remittance/international-remittance-search.html?WT.srch=1&AFFCODE=2223&CAMP=10524&V_TID=49153&ProspectID=6ECDAACC60FA4BDDAE

Pablo · Joined: 15 Dec 2011

Daniel1981 · Joined: 30 Dec 2009

I use my canadian RBC card at least 4 or 5 times a week. I pay $1.00 per transaction. I imagine I am losing some in the automatic currency exchange but otherwise I don't notice. As mentioned, most banks have a global ATM, and almost all of the corner stores here support global transactions as well, but they are $2.00 charge..

I have done this on my checking account, and my savings account.

As mentioned, make sure to tell RBC you will be in Korea so they don't block your card as theft..

Also, I had my ATM cash limit increased to $2,000 and interact/debit payment increased to $3000 just in case there is an emergency..