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International Accounts as a strategy to beat the crisis?

 
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Omkara



Joined: 18 Feb 2006
Location: USA

PostPosted: Thu Nov 20, 2008 3:15 pm    Post subject: International Accounts as a strategy to beat the crisis? Reply with quote

Have any of you established international accounts from which you can access your money from abroad?

How do these work? Do they just convert won into the local currency?


With which banks can you establish this kind of account? Interest rates? Pitfalls? etc.

I'm trying to find some way to keep my savings in won for a while. . .
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Thu Nov 20, 2008 5:05 pm    Post subject: Reply with quote

http://forums.eslcafe.com/korea/viewtopic.php?t=137672


You can't take it out from overseas though, sorry.

Prime Bank offers a much better interest rate than the typical banks here. They've been around for over 30 years. They're in the basement of Techno-Mart. They didn't have their money caught-up in the overseas US problematic housing loans, either.
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