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Ltisme
Joined: 21 Sep 2009
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 Posted: Sun Apr 18, 2010 10:19 pm Post subject: Nonghyup? |
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| balzor wrote: |
| Let's make it clear that KEB is not the only bank that does this and doing it online is far much easier and faster |
Can you do this with Nonghyup's online banking system? |
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egrog1717
Joined: 12 Mar 2008
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| Posted: Sun Apr 18, 2010 11:10 pm Post subject: |
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| roknroll wrote: |
| egrog1717 wrote: |
OR...
Get yourself set up with an overseas remittance account with KB* and use an ATM to send your money home... And pay a 5k fee (plus what your bank at home charges) instead of 18,500!... :S
Same paperwork involved, same documents required... Hell of a lot cheaper  |
Hell of a lot more expensive than you think. First, note the time and the x-rate and send some money home via KB's ATM remittance. Second, determine the x-rate you've actually received through how much you get in your home currency (including any intermediary fees). Third, compare the standard quoted rate vs the calculated rate and discover how they underhandedly have gotten as much or more out of you had you walked into the bank and made an oversea's remittance. And because it's based on a percentage (the commission ups the x-rate you get) it means that the more you send, the more expensive it is. But the gimmick-->W5000 won transfer sounds great.....until you do the math and realize they're actually making more off people this way than the seemingly expensive bank visit remittance. At least this was true for me, after the second transfer I gave it up.....have yet to go to the bank to have them explain why the rates were so much higher than the quoted rates. But given that it happened on two occasions, I'm assuming the obvious. |
Actually when you make the exchange it tells you exactly how much you'll be receiving in foreign funds deposited into your account (minus your own bank's fee) and it's generally been spot on to the exchange rate I've seen on the net... (IE: If the rate is hovering around 1100 to the cdn and I send home 800k, KB tells me I'm getting around 710cdn in my account... Plus or minus a dollar or two for whatever their rate is)
Plus walking into a KB bank to make an overseas remittance at a teller is going to cost you around 40k... Friend of mine made that mistake before I told him about setting up with the ATM... |
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KubelHomer
Joined: 16 Mar 2010
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| Posted: Mon Apr 19, 2010 6:02 pm Post subject: |
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| I've sent money for 2 years from Nonghyup to my bank account in the US. I usually wait a few days for the money to show up in my account, then pay my loans online. They're almost completely paid. YES! |
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HeavyTZM
Joined: 25 Aug 2011
Location: USA
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| Posted: Sun Feb 12, 2012 9:10 am Post subject: |
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I've never dealt with traveler's checks, but I have a quick question about them:
Can you make it payable to yourself so that a family member can deposit it for you, or would you need to mail it directly to the bank if it is made out to yourself? |
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Pablo
Joined: 15 Dec 2011
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| Posted: Sun Feb 12, 2012 7:24 pm Post subject: |
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My only concern with mailing traveler's checks, and I mailed many of them from Japan many years ago, is that I heard somewhere that strictly speaking it is within the rights of the issuer to ask you, if you want them refunded, if the checks were unsigned. Once they're signed, I don't know if you technically have a right to have them refunded. I may be wrong about this.
Still, over the course of five years, never lost a check back then.
Pablo |
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