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esetters21
Joined: 30 Apr 2006
Location: Seoul
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 Posted: Sat May 17, 2008 4:39 pm Post subject: Taking money home.. |
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| I'll be going home to the US for a summer break soon. What is the maximum that you are allowed to take out of the ROK and into the US without being questioned. Also, I don't have an account back home anymore (the reason I am taking funds home with me to open a new account), so what is the best way to have your currency (cash, TCs?). Thanks for any advice! |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Sat May 17, 2008 4:48 pm Post subject: |
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| If you carry $10,000 or more in cash or cash equivalents (travelers checks, gold bullion, etc.) you're required to delcare it at customs. I like to do mostly travelers checks with a much smaller amount of cash and declare it all. They probably won't even count it or ask anything about it. You'll just fill out a form to the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department and that's all. |
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saw6436
Joined: 16 Jan 2003
Location: Daejeon, ROK
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| Posted: Sat May 17, 2008 8:04 pm Post subject: |
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| This is one reason why God invented money belts. |
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princess
Joined: 16 Jan 2003
Location: soul of Asia
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| Posted: Sat May 17, 2008 8:27 pm Post subject: |
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| Ha anyone out there actually been dumb enough to declare over $10,000? What they don't know won't hurt them. It's your money. You earned it. The USA has always been a place underlying communism IMO. For instance, why do people have to pay tax on their own property and stuff like that? Highway robbery! |
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