Korean Job Discussion Forums

[American_Maverick]

Do you have any say about which bank your hagwon uses for direct deposit? If I want to have an account with Standard Chartered for their int'l ATM benefits, can I state this upfront, or do hagwons typically have set banks that they deal with and I have to take it or leave it?

It would be a complete hassle to have to transfer money between banks every month. I guess I could remove my salary as cash at the ATM and deposit at a SC branch, however, I'd rather not have to go through that crap if possible.

Any and all knowledge on this subject would be appreciated.

[cdninkorea]

Some schools have a bank they prefer to deposit your pay into. Others don't care.

But you don't have to withdraw money from one and deposit it into another- you can electronically transfer your paycheque through the ATM. I think there's a fee of 1,200원 for the transfer.

[Zaria32]

The hogwon can't tell you what bank to use, but it's probably easier for both of you to use their bank.

[American_Maverick]

[American_Maverick]

[Otherside]

You can also use Internet banking to transfer money, most banks have an english option for internet banking so its pretty simple.

1,200won is about $1.20 give or take.