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Mr. Susan
Joined: 17 Dec 2007
Location: death row
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 Posted: Thu Mar 12, 2009 10:26 pm Post subject: New boss wants to keep my bank book until I leave......... |
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| I said no, but why would he want to do that? |
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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| Posted: Thu Mar 12, 2009 10:28 pm Post subject: |
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When did you start? A few more details would be nice.
He could be wanting it to by-pass tax. Somebody commented on the BankBook scam. ANother reason is he needs another account in which to hide money. Some schools charge more than what is legally allowed and they ask parents to pay to secret accounts. |
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Straphanger
Joined: 09 Oct 2008
Location: Chilgok, Korea
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| Posted: Thu Mar 12, 2009 10:33 pm Post subject: Re: New boss wants to keep my bank book until I leave....... |
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| Mr. Susan wrote: |
| I said no, but why would he want to do that? |
Who cares, it's not his bank book, it's your bank book. I'm not 100% sure where mine even is at the moment... |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Mar 12, 2009 10:34 pm Post subject: |
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| NEVER allow this. You will get screwed. This is especially a problem with afterschool programs. It's very illegal. |
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Jammer113
Joined: 13 Oct 2008
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| Posted: Thu Mar 12, 2009 10:37 pm Post subject: |
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| What can he do with a bank book? If he has a bank book, can he make withdrawals from your account? I agree that it's just stupid in principle to give your boss your bank book, but what exactly can he do? He can transfer money to your account, but how can he pull money out? |
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Mr. Susan
Joined: 17 Dec 2007
Location: death row
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| Posted: Thu Mar 12, 2009 10:42 pm Post subject: |
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| bassexpander wrote: |
| NEVER allow this. You will get screwed. This is especially a problem with afterschool programs. It's very illegal. |
Thanks, that was the answer I was looking for. I've never done it before in Korea, and I know this job is sketch, but I had to accept something or get deported.
Has anybody heard of E.L.E. (Jungsan-dong) in Ilsan? |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Mar 12, 2009 10:58 pm Post subject: |
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| Jammer113 wrote: |
| What can he do with a bank book? If he has a bank book, can he make withdrawals from your account? I agree that it's just stupid in principle to give your boss your bank book, but what exactly can he do? He can transfer money to your account, but how can he pull money out? |
For example, with the afterschool programs, they shift large dollar amounts in and out of the account in an attempt to avoid paying tax. A year or more down the road, long after you have left the job, you could find yourself with a huge tax bill, as they have it on record that you were being paid far more money than you actually ended up getting.
People doing this are trying to dump the tax burden on you -- hoping it'll never be a problem if you leave the country in a year or less before the gov't comes after you for tax. Even if they do, it's your account -- what are you gonna do about it? |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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Yu_Bum_suk
Joined: 25 Dec 2004
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| Posted: Thu Mar 12, 2009 11:03 pm Post subject: |
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| You can withdraw money with a bank-book, and sometimes bank staff aren't very sercretive with PINs. |
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Cerriowen
Joined: 03 Jun 2006
Location: Pocheon
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| Posted: Thu Mar 12, 2009 11:07 pm Post subject: |
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| He could transfer money in and out of your account, "washing" it. Don't do it. |
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antoniothegreat
Joined: 28 Aug 2005
Location: Yangpyeong
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| Posted: Thu Mar 12, 2009 11:08 pm Post subject: |
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| Yu_Bum_suk wrote: |
| You can withdraw money with a bank-book, and sometimes bank staff aren't very sercretive with PINs. |
very probable conversation
bank teller: how can i help you?
hogwon owner: my stupid foreign teacher forget his password, he cant withdraw his money.
bank teller: where is he?
hogwon owner: he is teaching class now like a good slave.
bank teller: okay, his password is.... |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Fri Mar 13, 2009 1:16 am Post subject: |
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In addition to the scams mentioned above, he would be able to know exactly how much money you have in case he wants to delay your pay. He would say, "I see you have plenty of money in your account so it won't be a problem for you if I have to wait a couple of weeks to pay you."
It's been done before.
There was a time when bosses could call up a bank and get a report on your balance. I don't know if it still happens. The laws were supposed to have been tightened up on that, but who knows...? |
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ChinaBoy
Joined: 17 Feb 2007
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| Posted: Fri Mar 13, 2009 1:34 am Post subject: |
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| I would say "good bye" and leave immediately if my boss said he needed my bank book for any reason. To continue working there is incomprehensible. |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Fri Mar 13, 2009 3:00 am Post subject: |
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| Tell him that it's no problem. Also offer him your passport and diploma. |
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marlow
Joined: 06 Feb 2005
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| Posted: Fri Mar 13, 2009 3:12 am Post subject: |
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| Jammer113 wrote: |
| I agree that it's just stupid in principle to give your boss your bank book, but what exactly can he do? |
I think the boss asking for it is more stupid. |
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