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Getting money from someone in the US... check? Bank transfer

 
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phoneboothface



Joined: 26 Apr 2009
Location: Korea

PostPosted: Fri Jun 05, 2009 5:57 pm    Post subject: Getting money from someone in the US... check? Bank transfer Reply with quote

I've been here a while so of course know it's easy to send money from one Korean bank account to another online.

I'll be getting money from an American, but I'm here in Korea. Of course the first thing he asks is what address he should send the check to...

What's the best way to get his money?

Can he send it online to my bank in America or what?

Or if he sends a check here... what's the deal with that?

Thanks.
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victorology



Joined: 10 Sep 2007

PostPosted: Fri Jun 05, 2009 6:03 pm    Post subject: Reply with quote

If you have a bank account in America, the best bet would be to deposit it there. If you have an ATM card for that account, you could withdraw it here.

If it's a large amount (several thousand dollars or more), then a wire would also make sense.

I would not send a check overseas. It will take a long time to clear and the bank will take a fee that is probably larger than the wire fee.
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michaelambling



Joined: 31 Dec 2008
Location: Paradise

PostPosted: Fri Jun 05, 2009 8:03 pm    Post subject: Reply with quote

I transferred some money from America to Korea and used Western Union--$26 fee and I could get the cash in minutes. It was relatively easy (the clerk on the American side was an idiot) and hassle-free. KB and some other banks handle Western Union transfers.
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