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methdxman
Joined: 14 Sep 2010
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 Posted: Tue Sep 28, 2010 10:53 am Post subject: Citibank/HSBC vs. Domestic banks? |
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| Does anyone do their banking through int'l banks such as Citibank/HSBC? Seems like mostly everyone here has an account with a Korean bank. Any advantage? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Sep 28, 2010 5:41 pm Post subject: Re: Citibank/HSBC vs. Domestic banks? |
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| methdxman wrote: |
| Does anyone do their banking through int'l banks such as Citibank/HSBC? Seems like mostly everyone here has an account with a Korean bank. Any advantage? |
Even the international banks operate at arm's length from their off-shore counterparts. They are no different than the Korean domestic banks in regards to retail banking (general consumer services).
The advantage to using a Korean domestic bank is that they have a branch on just about every street corner so you aren't incurring extra/excess ATM fees using your card at the wrong branch.
2nd, your employer will use a Korean bank and will probably want you to use the same bank for your salary deposits.
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machoman
Joined: 11 Jul 2007
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| Posted: Tue Sep 28, 2010 6:32 pm Post subject: |
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| use KEB bank. there's a thread about it somewhere on here and it's great if you want to send money back and forth to your home account. |
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farnsie79
Joined: 03 Jun 2010
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| Posted: Tue Oct 05, 2010 12:13 am Post subject: Shinhan Bank Seoul Global Center |
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| I recommend you use Shinhan Bank. They have a special branch that offers banking EXCLUSIVELY for foreigners! It's called the Shinhan Bank Seoul Global Center - located in the Seoul Finance Center downtown between Gwanghwamun and City Hall. The staff speak English and their service is amazing. They offer about 4 different credit cards with all statements and info in English. The number is 02-773-3131. |
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