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diver
Joined: 16 Jun 2003
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 Posted: Sun Jan 27, 2008 10:50 pm Post subject: Even more banking crap |
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A friend of mine went to the ever-sparkling KB Star bank in his neighbourhood today. He had intended to wire money home to an account that he has in the States (to cover student loan payments).
The bank grilled him on why he wanted to send money home, then told him they would not do it. They said that it is illegal to wire money to himself. He would have to provide another account in a different name.
BTW, he is here legally, had all his docs (passport, ACR etc) but they wouldn't do it.
Does anyone know what this new crap is all about? Or is the bank talking out of its arse? |
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King Baeksu
Joined: 22 Oct 2006
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| Posted: Sun Jan 27, 2008 10:54 pm Post subject: Re: Even more banking crap |
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| diver wrote: |
| Or is the bank talking out of its arse? |
I think we all already know the answer to that question. |
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Fresh Prince
Joined: 05 Dec 2006
Location: The glorious nation of Korea
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| Posted: Sun Jan 27, 2008 10:56 pm Post subject: |
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I've wired money overseas to myself via KB plenty of times with no problems. I think the first time the teller had a conversation with the manager to make sure it was okay though.
Their "international debit" card wouldn't work outside of Korea though. |
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maddog
Joined: 08 Dec 2005
Location: Daegu
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| Posted: Sun Jan 27, 2008 11:10 pm Post subject: |
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| They're being ar5eholes. Plain and simple. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Sun Jan 27, 2008 11:26 pm Post subject: |
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OMG. LOL.. I am laughing so hard i am dying here..
Could someone please document all these incidents and then send them to Lee Myung Bak, who seems to like foreigners?
Ahahahaha.. Korea... Spahkling-uh, indeed! |
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regicide
Joined: 01 Sep 2006
Location: United States
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| Posted: Mon Jan 28, 2008 1:03 am Post subject: Re: Even more banking crap |
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| diver wrote: |
A friend of mine went to the ever-sparkling KB Star bank in his neighbourhood today. He had intended to wire money home to an account that he has in the States (to cover student loan payments).
The bank grilled him on why he wanted to send money home, then told him they would not do it. They said that it is illegal to wire money to himself. He would have to provide another account in a different name.
BTW, he is here legally, had all his docs (passport, ACR etc) but they wouldn't do it.
Does anyone know what this new crap is all about? Or is the bank talking out of its arse? |
This is getting absurd. I have been wiring money to myself over the period of 12 years here.
Why in the world do they think we are here--and who else would you wire it to?
We have checking accounts in the states that we use to dispurse our funds to.
What is that they DO NOT GET? |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Mon Jan 28, 2008 1:24 am Post subject: |
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Every week someone posts and has a wine about bank problems.
Why Why Why don't these people get it!
How many times does it have to be posted here. DON'T WASTE YOUR TIME WITH KOREAN BANKS!! No ifs No buts no maybes.
Just go to Standard Chartered and all your problems are solved!
Next week they'll be some other klutz, posting about a banking problem at KB, Hana, etc |
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CentralCali
Joined: 17 May 2007
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| Posted: Mon Jan 28, 2008 1:38 am Post subject: |
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| Standard Chartered's branch in Itaeweon gave me a load of crud. And, guess what, they're still a Korean bank, at least their branches in Korea are. |
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regicide
Joined: 01 Sep 2006
Location: United States
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| Posted: Mon Jan 28, 2008 1:39 am Post subject: |
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| GoldMember wrote: |
Every week someone posts and has a wine about bank problems.
Why Why Why don't these people get it!
How many times does it have to be posted here. DON'T WASTE YOUR TIME WITH KOREAN BANKS!! No ifs No buts no maybes.
Just go to Standard Chartered and all your problems are solved!
Next week they'll be some other klutz, posting about a banking problem at KB, Hana, etc |
Are all branches of S & C, peninsula wide, cool on this issue? What about cities other than Seoul? You know the jingle Seoul, Daejeon, Daegu, Busan, and (forgot). |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon Jan 28, 2008 2:09 am Post subject: |
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Go to KEB and first set up an internet banking acct and then an overseas remittance acct and do all your wire transfers and other banking from the comfort of your home like I do....much ...MUCH more satisfying....and the transfers are cheaper as well  |
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xtchr
Joined: 23 Nov 2004
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| Posted: Mon Jan 28, 2008 2:29 am Post subject: Re: Even more banking crap |
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| diver wrote: |
They said that it is illegal to wire money to himself. He would have to provide another account in a different name.
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I can provide him with another account and a different name. 
Let me know if he wants my 'help'. |
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articulate_ink
Joined: 23 Mar 2004
Location: Left Korea in 2008. Hong Kong now.
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| Posted: Mon Jan 28, 2008 2:38 am Post subject: |
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| CentralCali wrote: |
| Standard Chartered's branch in Itaeweon gave me a load of crud. And, guess what, they're still a Korean bank, at least their branches in Korea are. |
What do you mean, they gave you a load of crud? I would like to know what happened more specifically, if that's all right. I've been encouraging people to set up accounts there, and if there are problems, then I need to cool my enthusiasm. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Mon Jan 28, 2008 2:41 am Post subject: Re: Even more banking crap |
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| diver wrote: |
A friend of mine went to the ever-sparkling KB Star bank in his neighbourhood today. He had intended to wire money home to an account that he has in the States (to cover student loan payments).
The bank grilled him on why he wanted to send money home, then told him they would not do it. They said that it is illegal to wire money to himself. He would have to provide another account in a different name.
BTW, he is here legally, had all his docs (passport, ACR etc) but they wouldn't do it.
Does anyone know what this new crap is all about? Or is the bank talking out of its arse? |
I've had the same thing happen to me at Woori Bank in Hongdae the past 2 months.
Korea Tinkiling |
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valkerie
Joined: 02 Mar 2007
Location: Busan
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| Posted: Mon Jan 28, 2008 3:32 am Post subject: |
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To be fair I think sometimes these issues are a result of the people at the bank not really knowing what to do. (No excuse I know, but not everything is done to wind up foreigners for a laugh!).
When I lived in Japan I sent cash home most months via the Post Office. Often had problems (reasons for sending not on the 'acceptable' list etc). One of the biggest hassles was sending it to myself. After a long wrangle with one guy I told him that I was sending it to my Mum and that in the U.K. all girls are named after their mothers, hence the same name. Hard not to laugh when he accepted this ridiculous explanation...but got my cash sent.
The lesson I learned was to go to Post Offices used to dealing with foreigners. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Mon Jan 28, 2008 3:54 am Post subject: |
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| CentralCali wrote: |
| Standard Chartered's branch in Itaeweon gave me a load of crud. And, guess what, they're still a Korean bank, at least their branches in Korea are. |
Yeah they were the Jeil (first) bank of Korea. |
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