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isisaredead
Joined: 18 May 2010
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 Posted: Wed Aug 17, 2011 1:45 am Post subject: |
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if you truly have absolutely no other banking otptions, then, yeah, this sucks.
otherwise . . . |
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PastorYoon
Joined: 25 Jun 2010
Location: Sea of Japan
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| Posted: Wed Aug 17, 2011 3:56 am Post subject: |
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What's UNBELIEVABLE is that you don't have a functioning visa card from your own country. What's UNBELIEVABLE is that you have a bank account in Korea. Screw that. I'd never let my money sit in a bank here. It will disappear, and then they will give you some lame excuse and laugh in your face about it. Are you expecting different?  |
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nathanrutledge
Joined: 01 May 2008
Location: Marakesh
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| Posted: Wed Aug 17, 2011 4:10 am Post subject: |
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| tomstar86 wrote: |
Why has nobody mentioned KEB yet? They're by FAR and away the best bank for foreigners - in fact, ESL teachers are among their most targeted demographic. They have online internet banking in English and issue international Visa cards as standard for new customers.
They're not one of the larger banks so finding a branch could be a bit trickier, but if you can find one in your area, then go for it.
Tom
http://waegook-tom.com |
Meh.
I've got KEB and I'm not overly impressed.
OP, I had Nonghyup as my primary bank for two years and they were nothing but friendly to me. As others have said, try another branch.
I use KEB now because Nonghyup decided to update their computers during the holidays and I got no notice - spent five days with no cash, no bank card, and half a bag of rice at home. So I opened a KEB account as a back up and now use them as my main bank.
KEB is decent, but their English service is hit or miss. I went to the Itaewon branch and got lousy English service - and it was specifically listed as one of the global centers. I got a bank card with the T-Money option on it, but it only lets me use 50k a month. There are a bunch of other gripes I have, just little minor annoyances of that same vein.
Woori bank is the place to go. My gf uses them and every time I have a problem, she finds the Woori bank policy and points out how they do it better. Of course, the English might be an issue, but I've been here long enough that I can get by without it.
IMO, people come here and use whatever bank their school recommends. After a while, they switch to KEB. If you've been here any appreciable length of time, you move on from that. |
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ZIFA
Joined: 23 Feb 2011
Location: Dici che il fiume..Trova la via al mare
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| Posted: Wed Aug 17, 2011 4:25 am Post subject: |
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| nathanrutledge wrote: |
Meh.
I've got KEB and I'm not overly impressed. |
I had similar experiences to you.
When I joined, the english level was minimal and I was basically just signing a load of stuff I didn't really understand.
They made quite a mess of it and called me back in to the branch twice to sign forms that they had forgotten. This can be a pain if you have a busy schedule and live far away.
Then I found myself unable to spend more than 300k on the credit card.
Nobody had explained about internet banking and it took me several hours of persistence just to get hold of an english speaker on their hotline. "Please hold".
Then I had to make the 2 hour trip back to the branch again, only to find their one english speaking teller had gone off shift and there was nobody available. The teller had that irritated "why don't you speak korean" attitude. This at a "global" branch no less that was advertised as speaking english.
The online banking takes a while to figure out. too. What is it...ten different passwords and a certificate just to make a simple trasaction?
Overall however..yes..they have been better than the other banks. So I don't want to sound ungrateful I guess. |
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theloneleaf
Joined: 08 Aug 2011
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| Posted: Wed Aug 17, 2011 4:46 am Post subject: |
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| The online banking takes a while to figure out. too. What is it...ten different passwords and a certificate just to make a simple trasaction? |
Pin, security card, digital bank certificate
Would you really want it less secure?
The only banking was pretty easy. It's entirely in English.
My branch is good, one main english speaker at the main desk and 2 of the tellers speak serviceable English, but I usually don't have to see them. That other girl is always there. |
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Dysupes
Joined: 24 May 2005
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| Posted: Wed Aug 17, 2011 5:28 am Post subject: |
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theloneleaf
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Pin, security card, digital bank certificate
Would you really want it less secure? |
The problem is that those programs and "security" measures are not secure. In fact, they open up your computer to malware, viruses and other lovely little nasty things. |
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ZIFA
Joined: 23 Feb 2011
Location: Dici che il fiume..Trova la via al mare
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| Posted: Wed Aug 17, 2011 7:23 am Post subject: |
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| Dysupes wrote: |
| those programs and "security" measures are not secure. In fact, they open up your computer to malware, viruses and other lovely little nasty things. |
Really?
Because every step of the way my kaspersky is alerting me to continue only at my own risk. "password protected..denied.caution, this has no digital signature" etc etc. |
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Wed Aug 17, 2011 7:38 am Post subject: |
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| ZIFA wrote: |
| Dysupes wrote: |
| those programs and "security" measures are not secure. In fact, they open up your computer to malware, viruses and other lovely little nasty things. |
Really?
Because every step of the way my kaspersky is alerting me to continue only at my own risk. "password protected..denied.caution, this has no digital signature" etc etc. |
"continue at ur own risk" sounds much more threatening than "next"...u using IE because that's the only thing that works? |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Wed Aug 17, 2011 7:42 am Post subject: |
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| PastorYoon wrote: |
| What's UNBELIEVABLE is that you don't have a functioning visa card from your own country. What's UNBELIEVABLE is that you have a bank account in Korea. Screw that. I'd never let my money sit in a bank here. It will disappear, and then they will give you some lame excuse and laugh in your face about it. Are you expecting different? |
Yeah ok Pastor...tone it down buddy! 
In 11 years in Korea, using Korean banks for savings and investments, we lost not one Won through the vanishing act you describe. You need to pick banks that are more stable and secure (larger insitutions typically).
We still have some money in Korea (its just practical for us) and we have ZERO issues accessing it nor did it vanish into thin air.
When we invested in Korea what we did get was interest rates that blew away any interest rates we were offered by Canadian banks. |
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DaHu
Joined: 09 Feb 2011
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| Posted: Wed Aug 17, 2011 10:55 am Post subject: |
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| I go to the ATM to buy things online. Transfers are easy-peasy. |
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isisaredead
Joined: 18 May 2010
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| Posted: Wed Aug 17, 2011 6:25 pm Post subject: |
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| PastorYoon wrote: |
| What's UNBELIEVABLE is that you don't have a functioning visa card from your own country. What's UNBELIEVABLE is that you have a bank account in Korea. Screw that. I'd never let my money sit in a bank here. It will disappear, and then they will give you some lame excuse and laugh in your face about it. Are you expecting different? |
what's UNBELIEVABLE is the fact that you have NO IDEA what you're talking about.
i've worked in two different banks at home, and korea's banking products are inexpensive and geared toward the consumer. |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed Aug 17, 2011 7:19 pm Post subject: |
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| What's unbelievable is that Pastor Yoon is apparently still in Korea in spite of the fact that he thinks people here are stupid. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Aug 17, 2011 7:21 pm Post subject: |
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| PatrickGHBusan wrote: |
| PastorYoon wrote: |
| What's UNBELIEVABLE is that you don't have a functioning visa card from your own country. What's UNBELIEVABLE is that you have a bank account in Korea. Screw that. I'd never let my money sit in a bank here. It will disappear, and then they will give you some lame excuse and laugh in your face about it. Are you expecting different? |
Yeah ok Pastor...tone it down buddy!
In 11 years in Korea, using Korean banks for savings and investments, we lost not one Won through the vanishing act you describe. You need to pick banks that are more stable and secure (larger insitutions typically).
We still have some money in Korea (its just practical for us) and we have ZERO issues accessing it nor did it vanish into thin air.
When we invested in Korea what we did get was interest rates that blew away any interest rates we were offered by Canadian banks. |
This. My experiences with Korean banks pretty much mirror yours. I don't know what Yoon is on about...  I've had money in Korean banks since 2001 and never had a single won deducted outside of service charges and pre-authorized deductions (for internet and the like). |
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isisaredead
Joined: 18 May 2010
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| Posted: Wed Aug 17, 2011 8:01 pm Post subject: |
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my bank charges about W1,000 for me to use my visa check card overseas.
--->W1,000<---
THAT'S INSANE. |
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DaHu
Joined: 09 Feb 2011
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| Posted: Wed Aug 17, 2011 9:06 pm Post subject: |
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Actually, anyone coming to Korea SHOULD have a credit card from their own country before they go.
1) Adults have them
2) It's a safety net for when you need to flee |
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