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ryanbrezzi
Joined: 23 Jun 2011
Location: Seoul, South Korea
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 Posted: Sun Jul 10, 2011 3:55 pm Post subject: How do I get best bang for my buck when converting currency? |
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Hello,
My wife and I are living in Seoul and are trying to save as much money as we can and are trying to decide which bank is best to go with. I have taught in Korea for two years with a break in between and am now back. Last time I lost a lot of money in the process of converting the currency when I went back to Canada. I have heard some banks are better than others, for example, internatioal banks (?), or perhaps some banks don't have as many fees when converting currency(?). Also, I'm thinking it's better to convert when in Korea compared to converting once back in Canada. Does anyone know any better ways to go about doing this? Which banks are better? Or does anyone have some tips?
Last edited by ryanbrezzi on Sun Jul 10, 2011 4:01 pm; edited 1 time in total |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Sun Jul 10, 2011 4:00 pm Post subject: Re: How to get best bang for your buck when converting curre |
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open an HSBC account in both countries and you pay a 1 time fee of 20 pounds. but you are going to lose cash on the buy and sell of the HSBC bank... you just have to accept that.
| ryanbrezzi wrote: |
Hello,
My wife and I are living in Seoul and are trying to save as much money as we can and are trying to decide which bank is best to go with. I have taught in Korea for two years with a break in between and am now back. Last time I lost a lot of money in the process of converting the currency when I went back to Canada. I have heard some banks are better than others, for example, internatioal banks (?), or perhaps some banks don't have as many fees when converting currency(?). Also, I'm thinking it's better to convert when in Korea compared to converting once back in Canada. Does anyone know any better ways to go about doing this? Which banks are better? Or does anyone have some tips? |
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ryanbrezzi
Joined: 23 Jun 2011
Location: Seoul, South Korea
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| Posted: Sun Jul 10, 2011 4:06 pm Post subject: |
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| Do you know how an HSBC works? Meaning, as far as when I want to take the money back to Canada, what is the process like? What are the fees incurred? Is it worth it compared to just getting an account with an ordinary bank? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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