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Frankly Mr Shankly
Joined: 13 Feb 2008
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Posted: Thu Jul 24, 2008 10:35 pm Post subject: Bank Transfers within Korea |
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| When money is transfered between one Korean bank account and another, is the transfer instantaneous, or does it take a while to go through? |
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Newbie

Joined: 07 Feb 2003
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Posted: Thu Jul 24, 2008 10:37 pm Post subject: |
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| I do this every month. By the time I finish my 5 minute walk from Bank A to bank B, the money is there. |
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Frankly Mr Shankly
Joined: 13 Feb 2008
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Posted: Thu Jul 24, 2008 10:45 pm Post subject: |
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| Newbie wrote: |
| I do this every month. By the time I finish my 5 minute walk from Bank A to bank B, the money is there. |
Thanks. |
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Frankly Mr Shankly
Joined: 13 Feb 2008
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Posted: Fri Jul 25, 2008 1:34 am Post subject: |
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| One more thing. If it is done via ATM on a Friday evening, is the money still placed immediately in the recipient's account? |
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Whistleblower

Joined: 03 Feb 2007
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Posted: Fri Jul 25, 2008 1:38 am Post subject: |
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| It is instant (unless you are dealing with savings which could take up to 24 hrs) so if a school says that they have paid you now but the bank doesn't say so, the school is lying. |
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moosehead

Joined: 05 May 2007
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Posted: Fri Jul 25, 2008 6:06 am Post subject: |
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| Yeah I transfer to myself every month and usually only get around to it on weekends - I check my account immediately afterwards and it's always been there (knock on wood!) |
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