Korean Job Discussion Forums

brento1138 · Joined: 17 Nov 2004

I went to KB star today, and they were all like "Oh, since you already transferred money with KEB, you can't transfer with us. You can only transfer with one bank in Korea to a foreign account... "

Apparently they register your passport number. The guy sounded pretty serious about it. Was he BSing me? Or is this a true, factual, piece of info?

crazylemongirl · Joined: 23 Mar 2003 Location: almost there...

Nope total bollix.

I've transferred at both KEB and KB.

ChopChaeJoe · Joined: 05 Mar 2006 Location: Seoul

What the f??

aldershot · Joined: 17 Jul 2006

exact same thing happened to me. i almost ripped the teller's arms out and pummelled her face with them.

Real Reality · Joined: 10 Jan 2003 Location: Seoul

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

It was the law in '94. I think it's been changed since then, but maybe not.

Col.Brandon · Joined: 09 Aug 2004 Location: Seoul

I've heard of that rule, but never been affected by it. I've transferred from both KB and KEB too.

heeckan · Joined: 10 Sep 2006 Location: Seoul

Sounds like it's just one of those pickles that you encounter in Korean places, such as banks, immigration offices, airlines and even Korean embassies abroad; There is no universal set of rules... you're just at the mercy of whoever the douche at the other side of the desk happens to be. Go back and try to get another teller, or just try a different branch... shouldn't be to hard to find a teller who will fabricate a set of rules that work in your favour.

Crowzone · Joined: 31 Jul 2006

It could have something to do with the limit to what you're supposed to be allowed to send home per month.. Like you're not supposed to be able to transfer > your actual salary, so maybe they've just decided "Hrmm this forienger is trying to use multiple banks to cheat us of our money!"

Not that I imagine you're doing that, but I can totaly see that being a reason behind this.

jmbran11 · Joined: 19 Jan 2006 Location: U.S.

It isn't the law, but you usually have to set up your account again. I think it's one of those things to make sure foreigners aren't laundering money through Korea. When I went to Woori Bank to set up my account, there was a significant delay because they kept insisting that I'd used another bank before. I told them I was only in Korea for 1 month and hadn't visited any bank. Well, eventually it turned out that I had used another bank when I was here in 2000 (it never ocurred to me that they were referring to that long ago). So, they had to have my file or something faxed from that bank to release me and allow me to establish a new transferring bank.

I'm not justifying it - just telling you that you are not the only one to hit this problem.

coolsage · Posted: Thu Oct 26, 2006 9:58 pm Post subject:

VanIslander · Posted: Fri Oct 27, 2006 12:40 am Post subject:

Nongyup knew I'd transfered from KB before - in fact they phoned to confirm how much to ensure my totals between the banks remained under the 10 mill maximum per year.

Three times in the last four months I've done this and each time the one chain of banks phoned the other. Obviously there is no prohibition the two kinds of banks were aware of.

Banana Bender · Joined: 24 Jun 2003

I have posted money from KB and Nong Hyup banks in the past, with short intervals between the two and nothing was said.

I have had problems with KB before. They were demanding all sorts of paperwork and being really obtuse. I told them to close the account ( KB Shocked

) went twenty metres up the road to Nong Hyup, got everything done and have been happy there ever since.

Take that KB.

BB

Homer · Guest

I heard that one as well way back in 1999.

It is not true.

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994