Korean Job Discussion Forums

[Wishmaster]

Bar none. KEB is the best bank for foreigners in Korea. They even have a branch in the USA, so you can have access to your account when you get back home. The easiest and most hassle-free bank to deal with in Korea.

[igotthisguitar]

[J.B. Clamence]

Korean banks don't really seem to be big on privacy anyway. I've heard several stories of hakwon owners who have an arrangement with their teachers' bank to be notified if their teachers withdraw/transfer large sums of money in advance of a possible departure. This is Korea after all.

[peemil]

You know an easy way... At least this is how I do it. Go to the bank. Make out a bank cheque in your name. Post it home. Have some one at home put it in the bank. It's as private as it gets.

[prairieboy]

I deal with ����. My branch is pretty good towards foreigners. I always am treated well by the staff. The woman who does international transfers speaks fluent English, based on my limited conversations with her. She also respects the privacy of her clients.

She has told my hogwan director that the balance in my account and my financial dealings with the bank are private. She also called me to let me know that my director had made an inquiry about my bank account.

It's slow coming but eventually, all professional services, like banking, will have to respect the privacy of their clients or they will find themselves on the short end of the stick in the international arena.

Search around, you don't need your hogwan owner or director to set up a bank account anyway. And if your overly paranoid about your financial transactions, withdrawls being tracked by your hogwan owner, then set up several accounts at different banks. One account for pay. Transfer money to another account for general expenses. Transfer money to a third account for transfers or savings.

Or, just try to foster a good relationship with your bank so they remain loyal to you and value your business.

Cheers