Korean Job Discussion Forums

[inthewild]

There are tons of threads about it, but I didn't see any that answer the basic question. What info do I need? I can't speak Korean.

[Koreabound2004]

Hi there,

If you are trying to send money home, just call your bank back home...and tell em you need all the banking info required for you to make a transfer your account. You will need to ask for things like a SWIFF number or roding code, transit number, and full bank address(if you don't know), and obviously your account number.

Just pass all this info to your bank person here in Korea...they may have to get the manager or another English speaker to help you. Just tell em transfah....they usually give you a form to fill out. Be sure to bring your passport and ARC, bank book, and sometimes they want a pay stub.

I think that's about it.

[Zenpickle]

[dogbert]

[dogbert]

[burnin rubber]

I don't really know about the situation with the pay stubs, but every bank I've gone to just required the account number and address of the bank back home, your E2 card and the address of the beneficiary of the bank account. Another question, I pay 22,000 won here and my bank back home takes another $20 USD. Does anyone pay less? I heard that Korea Exchange Bank offers pretty good deals. Usually, if you have done business at the bank a number of times, you can also haggle by a few cents on the exchange rate. I could usually get 5 won lower than the posted rate. (It all adds up if you send over a thousand USD a month)

[Homer]

You first need to roll your money in very tightly wound up sticks. Then, find a suitable wire that is hollow inside. Then insert each bill carefully and wire it to its destination.

Best of luck.

As for me, I go to the bank and it costs me about 10 000 won per wire here. My home bank charges me nothing.

[Atkinson]

I use advice I got here to get money into my account back home almost free (forgot the name of the poster, can't find the thread, but thanks!).

I buy American Express traveller's cheques in Canadian, sign and countersign them, paid to the order of ME, for deposit only, with some numbers my bank gave me, then I mail them to my bank. A week later, it's in my account, and all for the price of an envelope and stamp.

The reason I use American Express is that my Canadian bank will hold any cheques, even traveller's cheques, for 30 to 60 days if they're not drawn on a Canadian or American bank. Thomas Cook, for instance, draws on a British bank, so there could be a delay.

The fastest method I have used is having my mother visit me, and giving her a wad of Canadian cash and my bank card.