Korean Job Discussion Forums

[casinohit]

I just got a KB Bank account a few weeks ago. Anybody know if there's a limit to how much you can withdraw per day?
I don't mean at the ATM. At the bank in person. I know in the States you can just withdraw the whole balance if you really want to. I'm just not familiar with KB Bank and would like to know for when the time comes to go home.
Thanks.

[DaHu]

Everyone I've ever met in KB speaks English. Usually to the point of making small talk.

(I noticed no one else answered so I thought I'd say what I would do with this question - not trying to be snotty)

[tomstar86]

How much are you looking to withdraw? I've gone as high as 1.6 million in a day no problem (for when I've had to transfer money back home).

Not everyone in KB speaks English - the staff at my local branch (in Daegu) speak EXTREMELY limited English, and that's just three people who work on the foreign exchange/account opening section. The regular staff don't seem to speak any.

If you're in an area where English isn't too widely spoken - i.e. outside Seoul & its satellite cities - maybe best to ask a Korean to come with you, and they can perhaps explain your situation, i.e. why you're inquiring.

If you're worried, you can do transfers as well - it's a really simple process, I do it every month and the money is in my UK account within 5-6 hours.

Hope that helps a bit.

Tom

http://waegook-tom.com

[southernman]

I'm pretty sure it says on their website that you can withdraw up to 5 Million won a day, in increments of 1 Million.

Just look up the English version of their website, all the informations there.

[ttompatz]

Actually, I believe it is 5 million for electronic (internet transfers or ATM withdrawals).

Unless I am mistaken, it is 50 million for over the counter, in person transactions (with your bank book and ID).

I know those are my limits on my account at woori-bank.

Accounts without an ARC on file have lower limits.

.

[southernman]

[casinohit]

Thanks for the advice.
My contract's up after next pay day. My plan is just to withdraw everything from the KB account, exchange for dollars and take the cash home.
I want to leave the account open, though, for if/when I come back.
Just needed to know, say, if I get paid on the 1st, would it be ok to schedule the plane ticket for the 2nd or 3rd. Would I be able to withdraw the money, or would some limit prevent me from withdrawing the balance within a day or two.
Sounds like my plan will work fine.

[cert43]

Just don't forget about declaring all cash.

[DaHu]

[ttompatz]