Korean Job Discussion Forums

VanGuy · Joined: 01 May 2005 Location: South Korea

I am thinking that I will definately be over the US $10,000 limit of sending money home by time my contract is over. I have two questions.

Firstly, rather than go through all the hassle of providing payslips etc, can I just get my boyfriend to transfer the money for me when he comes to Korea to visit using his passport at the bank or will they be looking for and asking for his visa?

Secondly, my bank always asks for my passport, but they never put any stamps in it so is the money I am sending really being tracked?

Advice greatly appreciated.

schwa · Joined: 18 Jan 2003 Location: Yap

Your b/f could simply carry up to $10000 cash back with him, no questions asked.

VanGuy · Joined: 01 May 2005 Location: South Korea

Yeh, that would be a good idea, if my boyfriend lived in my home country where I am sending my money to, but he doesn't so its probably best if I find a way to transfer it.

pulpkorn · Posted: Wed Jan 25, 2006 12:16 am Post subject:

My bank is Kookmin Bank, and at my own branch they cite my passport but don't stamp it and require no payslips. I've definitely sent over US10k with them. A different branch in a nearby city stamped my passport and asked for proof of income. It seems to differ depending on where you go - so perhaps you just need to try another branch?

At my previous job I was paid in cash and had no bank account. I used to send money through Chohung bank, and they never stamped my passport or requested income details, so maybe you even try a different bank?

Good luck!

Gorgias · Joined: 27 Aug 2005

Ditto on what was said, just shop arround for a bank that won't stamp your passport, or have a photocopy handy, it won't matter if they want to stamp that. My friend sent over 10Gs last year, left and came back, and there were apparantly no concequences. PS if you're a Canadian, VanGuy, our foreign affairs webpage says we can send up to our whole income home, they probably know what they are talking about. Oh yah, and unless you are a total moron, don't give your foreign-boyfriend 10000$ cash, no matter how close you think you are. But if you want to give me 10000$ cash, I'd promise to take it out of the country for you!

huck · Joined: 19 Jan 2003

Why don't you just change it to traveler's checks, and carry it home in your pocket?

canuckistan · Posted: Wed Jan 25, 2006 2:22 pm Post subject:

VanGuy · Joined: 01 May 2005 Location: South Korea

No, I'm not Canadian....I'm a Kiwi! Although quite a few people think that Van stands for Vancouver, but it doesn't.
And don't worry, I wouldn't give anyone $10,000 of my cash.....no matter who they were.

The bank I go to is KEB and they always ask for my passport, but they never stamp it......so does that mean they are not recording how much I send? I was thinking maybe they are tracking it on their computer system, but from what you are all saying it seems that no stamps equals no tracking. Is that right?