Korean Job Discussion Forums

[lovingunpo]

Does anyone know the maximum amount one can withdraw from a Korean bank? I have an account with KB if that makes any difference.

Thanks in advance.

[Otherside]

The two most important factors are; how much is the vault, and how long till the police arrive, Bring a duffelbag. You should be able withdraw more once the W50000 note comes out.

Seriously though.
The limits on ATMs vary (and can be changed by visiting the branch) I think my limit is set to W1million a day.
You can withdraw your entire balance over the counter though.

[some waygug-in]

I don't know about other banks, but I've taken over 2 mil out at a time from my Nyung Hyup account (700,000 at a time).

[ttompatz]

Over the counter you can withdraw up to 50 million per day (currency). You can get a cashiers check for the entire balance if you have more than that in the bank.

Via the ATMs you can withdraw up to 5 million per day subject to the individual machines transaction limits (usually 600-700k per transaction).

If you use the ATM after regular banking hours there are additional transaction fees (up to 800 won per transaction) and if you use another bank's ATM you can pay an additional fee of up to 1000 won per transaction).

There is usually NO FEE if you use your own bank's ATM during regular banking hours.