Korean Job Discussion Forums

[mscoop1085]

So I am going to exchange a few grand at KB bank for the first time tomorrow. . I want to sign up for the overseas remittance thing so i can transfer my money through any KB ATM to my home bank in States. I am thinking the wire free will be lower as well. I never have time to make it into KB bank during their work hours so this would be a huge help. Can foreigners get the overseas remittance account by registering at the bank(with proper identification) or is it some kind of Korean nationals only bullshit? I guess if i can't get overseas remittance, i just money wire in person at the bank for a slightly higher price right? Thanks and look forward to the responses.

[T-dot]

Its no problem to do it through the ATM after going through the paperwork first.

[Michelle]

[injuredeagle]

Hello,

I have a KB Bank account and I wanted to do this via online banking but the English version of the site has no tab for transferring $$$ overseas. Has anyone done this before? What should I be looking for?

[ThingsComeAround]

[firebrand]

Have you ever gone into the bank to transfer money in person?

The other day I just went to the ATM and tried to send money and it worked. I didn't have to go into the bank to set anything up formally. The ATM had a record of all my previous transactions that I had previously done in the bank. It was super easy and I think around 5,000 won to send. I believe there was a 6,000,000 won limit on what you could send at one time.

[bluethree]

Is the exchange rate used for the ATM transfer the same as if you did it in person? I recently sent a bit of money home using the ATM to test it out and the rate seemed a bit lower...

[firebrand]

I'm not exactly sure. I know that I just sent a small amount, 50,000 won just to test it out. It was just over 40 dollars (CDN) when it made it into my bank account 3-4 days later. I think that included the fee to send it.