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KYC
Joined: 11 May 2006
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 Posted: Sat May 02, 2009 6:38 pm Post subject: KB* internation wire fee |
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I bank with Nonghyup and I live in Seoul. The nonghyup across from my school doesn't do international wires...it baffles me because it's a big branch..and in Seoul. I had to go across the street to use Woori. Well, woori charged me 40,000 won to wire money. Nonghyup usually charge me 13,000 won.
There's also a KB* nearby..anyone know how much their fee is? Thanks |
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Morgen
Joined: 02 Jul 2008
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| Posted: Sat May 02, 2009 7:58 pm Post subject: |
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| You can transfer money from the ATM at KB for 5,000 won. No idea what they charge at the counter. |
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WendyRose
Joined: 10 Dec 2008
Location: hanam-si, seoul
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| Posted: Sat May 02, 2009 9:11 pm Post subject: |
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| I have wired money with KB* 4-5 times. With my bank fee (Chase) and the Korean bank fee it is usually about $25-30. |
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WendyRose
Joined: 10 Dec 2008
Location: hanam-si, seoul
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| Posted: Sat May 02, 2009 9:11 pm Post subject: |
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| Morgen wrote: |
| You can transfer money from the ATM at KB for 5,000 won. No idea what they charge at the counter. |
How do you do this?! |
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KuroBara
Joined: 15 Oct 2008
Location: Goyang-Si with a bit of Paju mixed in
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| Posted: Sun May 03, 2009 12:38 am Post subject: |
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| WendyRose wrote: |
| Morgen wrote: |
| You can transfer money from the ATM at KB for 5,000 won. No idea what they charge at the counter. |
How do you do this?! |
Before you can use the ATM transfer, you have to set up your home bank at the branch itself. They need the account number, SWIFT code, and routing number, if I remember correctly. Plus your passport AND your ARC. The first time, my fee was 15K for transfering 100K. Once the account is registered, and it will be that day, go to the ATM and click English--->domestic--->(maybe "transfer", I can't remember, too much Hite today)overseas remittance---->registered remittance. You will see your home account. Just select the amount of money you want to send. You can even do it in your home currency, but I still recommend using won. I transfered $800 at the ATM, but only $782 showed up due, I guess, to the change in exchange rate. The fee so far has only been 5K from KB* and $15 from my home bank. Add the 5K transfer fee to the amount you want, because if you don't I think they take it out of what you are sending home. |
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dragon777
Joined: 06 Dec 2007
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| Posted: Sun May 03, 2009 1:54 am Post subject: |
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| Kurobara, where do you get the routing number? |
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KuroBara
Joined: 15 Oct 2008
Location: Goyang-Si with a bit of Paju mixed in
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| Posted: Sun May 03, 2009 2:11 am Post subject: |
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| I don't know if it's just my bank or not, but the routing number on my paper checks is not the same as the routing number used for electronic transfers. I had to call my home bank to get the correct number and SWIFT code. So, I would check with your home bank. |
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WendyRose
Joined: 10 Dec 2008
Location: hanam-si, seoul
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| Posted: Sun May 03, 2009 3:02 am Post subject: |
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Mine is also on my checks.
So do you just go into the branch and ask for them to set up a registered remittance number? That seems way too easy! |
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Morgen
Joined: 02 Jul 2008
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| Posted: Sun May 03, 2009 6:46 am Post subject: |
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Yeah, just go into a branch, ideally with a reputation for good English speakers, and say "ATM transfer" or something, they'll work it out. I believe you can do it from any branch.
You'll also need the address for your home bank, and they may use a different or regional one for wire transfers than the one for the physical branch you use. Which you probably already know since you've already done a few. |
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KuroBara
Joined: 15 Oct 2008
Location: Goyang-Si with a bit of Paju mixed in
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| Posted: Sun May 03, 2009 8:32 am Post subject: |
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| WendyRose wrote: |
Mine is also on my checks.
So do you just go into the branch and ask for them to set up a registered remittance number? That seems way too easy! |
Still chekc with your home bank, because like I said, my paper checks' routing number was not the same as the routing number used for transfers, according to my bank. But other than that, yeah, the process was pretty easy. It took forever, having to fill out forms and what not, but once the bank is registered, it's all gravy. |
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