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Banks in Seoul

 
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Cont Drwg



Joined: 24 Feb 2011
PostPosted: Sun Mar 13, 2011 4:49 pm    Post subject: Banks in Seoul Reply with quote
just got here.
want to open an account which i presume you can do without the ARC.
Any recommendations on which bank to go with in Seoul?
cheers.
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sojusucks



Joined: 31 May 2008
PostPosted: Mon Mar 14, 2011 12:38 am    Post subject: Re: Banks in Seoul Reply with quote
Cont Drwg wrote:
just got here.
want to open an account which i presume you can do without the ARC.
Any recommendations on which bank to go with in Seoul?
cheers.


You need an ARC. Many foreigners seem to prefer KEB for better customer service but let others answer that question.
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akcrono



Joined: 11 Mar 2010
PostPosted: Mon Mar 14, 2011 1:12 am    Post subject: Re: Banks in Seoul Reply with quote
sojusucks wrote:
Cont Drwg wrote:
just got here.
want to open an account which i presume you can do without the ARC.
Any recommendations on which bank to go with in Seoul?
cheers.


You need an ARC. Many foreigners seem to prefer KEB for better customer service but let others answer that question.


I agree w/ KEB. Most foreigners I've talked to agree that it's the best combination of service, locations, and ease of transfers (if you want to send money home).
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uklathemock



Joined: 26 Dec 2009
PostPosted: Mon Mar 14, 2011 1:50 am    Post subject: Re: Banks in Seoul Reply with quote
Cont Drwg wrote:
just got here.
want to open an account which i presume you can do without the ARC.
Any recommendations on which bank to go with in Seoul?
cheers.


I have accounts with both KEB and Woori. Woori sucks, but if you're going to be living in Seoul, they have the most branches and atms. You'll end up paying less in atm fees.
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Lee Myung Bak



Joined: 25 Jun 2010
Location: Seoul
PostPosted: Mon Mar 14, 2011 2:35 am    Post subject: Reply with quote
There are no fees at all for withdrawals with IBK. You can take money out at all other banks ATMs free of charge. Domestic transfers are also free. Saves you time and money.
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