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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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 Posted: Mon Dec 11, 2006 7:37 am Post subject: Passport Stamped at KB Bank |
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I'm trying to figure out what this stamp in my passport is about. I closed my accounts at KB because I want to change to a different bank, but they put a stamp in my passport and I can't figure it out.
It's oval and says Kookmin Bank at the top and the branch location at the bottom. Inside of that, I think it says Seoul, Korea, but the ink is so light it's kind of hard to make it out. Below that, the ink is still very light. It looks like a seven-letter word in all caps. The letters appear to be C---KED. I'm not sure what the other letters are..."checked" perhaps? The inside bar is the strangest. Today was December 11, 2006, but the stamp says 2006. 12. 0 6, and above that, written in ink is a cash amount that doesn't jive with any numbers that had anything to do with the withdrawal. Nobody there spoke English, so I'll go to a branch in the morning that I'm familiar with to find out what on Earth is up with that, but I'm curious to know if anyone is familiar with this.
I'm surprised that my passport was stamped for a simple cash withdrawal. I'm not really concerned about my passport being stamped, though. I just want the information to be accurate. It looks like they stamped my passport with the wrong date and put a bogus cash amount on there. |
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Homer
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| Posted: Mon Dec 11, 2006 8:33 am Post subject: |
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Total wire transfers?
Total bank balance? |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Mon Dec 11, 2006 8:55 am Post subject: |
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| I've never wired any money to or from Korea and the amount they wrote on my passport was roughly half the amount I withdrew. |
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lawyertood
Joined: 17 Jan 2003
Location: Seoul, Incheon and the World--working undercover for the MOJ
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| Posted: Mon Dec 11, 2006 1:32 pm Post subject: |
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| I know most banks stamp your passport for foreign exchange transactions (although not consistently)...although your post does not indicate that this was the case. Perhaps they thought it was required if the amount of the withdrawal exceeded a certain amount. Just a guess. |
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Homer
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| Posted: Mon Dec 11, 2006 4:20 pm Post subject: |
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Ok RJjr...that is strange.
Get one of your Korean friends/co-workers to ask.... |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Mon Dec 11, 2006 4:37 pm Post subject: |
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| Ask your embassy about letting banks stamp your passport. |
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twg
Joined: 02 Nov 2006
Location: Getting some fresh air...
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| Posted: Mon Dec 11, 2006 6:54 pm Post subject: |
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When you closed your account, how much money did you take out?
They could have been assuming you were going home and stuck in that stamp to show immigration that you're leaving Korea with a "significant" amount of money... (So immigration can demand it all back because you're free to earn money here, just not to spend it elsewhere.) |
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Homer
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| Posted: Tue Dec 12, 2006 4:46 am Post subject: |
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Captain Korea....banks can stamp your passeport (in fact they should do it each time) when you wire money out of the country.
The rule is not enforced evenly however. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Tue Dec 12, 2006 4:48 am Post subject: |
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| Homer wrote: |
Captain Korea....banks can stamp your passeport (in fact they should do it each time) when you wire money out of the country.
The rule is not enforced evenly however. |
wrong homer, only when you dont have the proper documentation thats when the $10,000 limit kicks in
when will you get anything right |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Tue Dec 12, 2006 5:50 am Post subject: |
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| Homer wrote: |
Captain Korea....banks can stamp your passeport (in fact they should do it each time) when you wire money out of the country.
The rule is not enforced evenly however. |
Do you have that straight from the Embassy?
I asked at the Canadian Embassy last time on a lark and they said on official customs and immigration officials can do it.
Did you hear different?
(BTW, I have never had my passport stamped the entire 5 years I have been here. They have asked twice, and I refused both itmes. After telling them it isthe property of the Canadian Government, they understood and backd down)
Edit: Also note that I am an F2 holder and am not here on an employment visa. |
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Homer
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| Posted: Tue Dec 12, 2006 5:59 am Post subject: |
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I had my passeport stamped 5 times since I got here...so not a regular occurence.
The Canadian Embassy told me (last year) that banks can stamp your passeport for wire transfers and when you exchange money.
Since this is a local banking rule the Embassy has no power over this.
Also, I have heard conflicting reports from banks here.....
Go figure.
Hogwonguy..the 10 000 limit is for carrying money on you when you return from abroad....it has nothing to do with money you wire from here...in fact you confused the 10 000 limit...please..get it right...
If you bring over 10 000 on you when returning from abroad you can be asked to provide proof of income by customs back home.
For sending money home from Korea...the 10 000 limit has nothing to do with it.
Banks can stamp your passeports when you wire money or when you exchange money...the fact they do not all do it does not mean it does not happen.....
Next time you want to call someone on something, make sure you get your facts right... |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Tue Dec 12, 2006 3:04 pm Post subject: |
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| Homer wrote: |
Go figure.... |
Yeah, I'm not surprised by the inconsistancies. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Tue Dec 12, 2006 4:40 pm Post subject: |
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| Homer wrote: |
Hogwonguy..the 10 000 limit is for carrying money on you when you return from abroad....it has nothing to do with money you wire from here...in fact you confused the 10 000 limit...please..get it right...
If you bring over 10 000 on you when returning from abroad you can be asked to provide proof of income by customs back home.
For sending money home from Korea...the 10 000 limit has nothing to do with it.
Banks can stamp your passeports when you wire money or when you exchange money...the fact they do not all do it does not mean it does not happen.....
Next time you want to call someone on something, make sure you get your facts right... |
Once again homer your ignorance is incredible. There is a $10,000 limit per stay (you can leave Korea on a visa run and the clock starts again) you can send back without any documentation, thats in the Korea banking law. Of course you can send more if you have documentation such as payslips/contracts etc. I've sent close to $20k back this year of course every won has been documented so they haven't stamped my passport.
I've emailed the US Embassy to check on the legalities of them stamping American passports with bank information as I've been told they arent allowed to do that, the only stamps allowed in US passports are immigration related |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Tue Dec 12, 2006 4:45 pm Post subject: |
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| hogwonguy1979 wrote: |
[
Once again homer your ignorance is incredible. There is a $10,000 limit per stay (you can leave Korea on a visa run and the clock starts again) you can send back without any documentation, thats in the Korea banking law. |
Utter B.S. I've sent back more than $10,000 per stay without documentation of any kind. Done it for three years straight in Korea. And never had any problem. If this WERE the law as you claim then I wouldn't be able to do so.
As to this Korean banking law, I assume you have a link to it, as you seem to know what it says? |
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dogbert
Joined: 29 Jan 2003
Location: Killbox 90210
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| Posted: Tue Dec 12, 2006 5:12 pm Post subject: |
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I linked to it and cut and pasted from it in that last monster thread on Korean banking in case anyone wants to go back.
Korean regulations state clearly that under certain circumstances when conducting foreign exchange transactions, banks are to stamp passports.
If any country's embassy wants to take issue with that with the Korean government, that would be great, but until then it actually is Korean law. |
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