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brucebruce
Joined: 10 Dec 2012
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 Posted: Sat Dec 29, 2012 7:23 am Post subject: Cashing United States Postal Money orders |
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Does anyone know if I will be able to deposit a United States postal money order in my Korean citi bank account? Has anyone done this before?
Thanks |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sat Dec 29, 2012 8:46 am Post subject: Re: Cashing United States Postal Money orders |
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| brucebruce wrote: |
Does anyone know if I will be able to deposit a United States postal money order in my Korean citi bank account? Has anyone done this before?
Thanks |
Yes, you can.
They will hold the funds for 7-30 days while it clears.
They will charge 10k-30k won for a handling charge.
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brucebruce
Joined: 10 Dec 2012
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| Posted: Sat Dec 29, 2012 10:31 am Post subject: |
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| Thanks for your response. Do you know if it needs to be an international money order or will a regular money order be okay? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sun Dec 30, 2012 7:00 am Post subject: |
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| brucebruce wrote: |
| Thanks for your response. Do you know if it needs to be an international money order or will a regular money order be okay? |
International.... the other ones cannot be cashed outside the US and its territories.
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brucebruce
Joined: 10 Dec 2012
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| Posted: Thu Jan 03, 2013 4:09 am Post subject: |
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| So I looked into the International Postal Money orders more. You can deposit them. Citi Bank Korea charges .8% to cash them and the post office charges 4.55 for a 700 international money order. Just wanted to update this information. |
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