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corinthian
Joined: 21 Sep 2009
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 Posted: Thu Dec 24, 2009 6:36 pm Post subject: Cashing U.S. checks in Korea? |
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| It looks like i'll be getting a check after I've left for Korea. I've tried to find a way to get it sooner, but it's just not practical. If I have the check mailed to me, is there a Korean bank who will accept it? |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Thu Dec 24, 2009 7:50 pm Post subject: |
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| Banks in Korea will cash checks. However, they charge you a large fee and you gotta wait like 1-2 months for the check to clear before they deposit it into your account. |
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hagwonnewbie
Joined: 09 Feb 2007
Location: Asia
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| Posted: Thu Dec 24, 2009 7:56 pm Post subject: |
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I didn't have to wait.
I had a check for 75 USD and deposited it here. It's considered to be like an incoming remittance, so I think I paid an 18,000 won fee to cash it. I didn't mind too much, cause the exchange rate was over 1500 won to a dollar at the time. |
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