Korean Job Discussion Forums

[Tiny_Tibbo]

Ok...this is my situation...

I've been with Deagu Bank all year. They're really friendly and helpful everytime I go in. They even gave me two international debit cards for when I go back. However, I can't get a money order or travellers cheques because ...well ....we all know why.....

I'm not 100% sure that my cards will work when I go back and the only other option they gave me was to transfer. I only want to take a little bit with me and leave the rest here for when I come back in a few months. However, I don't want to transfer the money into my Canadian account or leave it in the hands of another. So travellers checks or money orders were my option of choice...till they denied me...

So should I change banks? Or is there another way around this that someone could suggest?

[ttompatz]

[tzechuk]

I don't know why you can't get money order or traveller's cheques?

I've got both without any problems before?

[J.B. Clamence]

Changing banks is easy. In fact, you don't even need to change banks. You can just start an account at a new bank. Then you will have 2 accounts. I have had two accounts for years now. Sometimes one is more convenient, and sometimes the other is, so I just keep both.

[ilovebdt]

[Peeping Tom]

[Col.Brandon]

If your salary is being paid into your bank account by your employer you'll need to have an account at the same bank that your employer uses (not necessarily the same branch, though). It seems that in The Hub of Asia�� you can't electronically transfer money between different banks.

So be careful: if you close your existing account your employer may not be able to pay you.

[ilovebdt]

[ilovebdt]

[denverdeath]

I have about six accounts...only use two of them on a regular basis. It's true that some schools try to use only one bank and may try to get you to open an acct with the one they deal with regularly. However, you can do what I do. I photocopy my info of the bank I'd prefer them to deposit my pay and say that's the only acct that I have and do I really have to open a new one?!? The last place I worked at(middle school) accepted it even though my bank wasn't the one they normally deal with. Open another acct, or three if you wish, if Dae-goo Bank can't do for you what you need them to do.

[denverdeath]

[Col.Brandon]

That's weird. So if the banks can handle it, why on earth do we have to have an account at the same bank as the school? This place really boggles the mind sometimes

[Wangja]

[ed4444]

I remember I had to change from Kookmin Bank to Hana Bank.

I went into the branch with a Korean friend and they told me a money transfer was not possible.

I had to close the account in Kookmin, get the balance in my hand and then walk up the street to the nearest Hana bank and deposit it there.

I know Korea is a safe place but I never want to have to walk 10 minutes with 14 million won of my own money in my pocket again just to change bank accounts.

[Col.Brandon]

So they just want to save 300 won? Sheesh.