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eventually
Joined: 30 Nov 2011
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Posted: Fri May 25, 2012 1:31 am Post subject: best way to transfer money to the US? |
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i need to pay my friend rent money (screwed until august, boo!) in the states...what's the easiest way to transfer Korean won from my bank to the US? would paypal work? |
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eventually
Joined: 30 Nov 2011
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Posted: Fri May 25, 2012 3:32 pm Post subject: |
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really, nobody here has had to ever do this? |
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Atothem
Joined: 29 Jul 2010 Location: Cheonan
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Posted: Sat May 26, 2012 11:02 pm Post subject: |
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Have you tried going to your korean bank and asking for a wire transfer? If you know the bank account number in the US it should be fairly easy to do. Most banks charge a small fee though depending on how much you transfer. |
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luckylady
Joined: 30 Jan 2012 Location: u.s. of occupied territories
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Posted: Sat May 26, 2012 11:35 pm Post subject: |
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eventually wrote: |
really, nobody here has had to ever do this? |
have you even tried to look through the forum a bit? the question only comes up like every other week  |
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dairyairy
Joined: 17 May 2012 Location: South Korea
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Posted: Sun Jun 03, 2012 4:27 pm Post subject: |
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Go to your bank with the bank account information for your bank in the U.S.A. That includes the wiring transfer number. Each bank has one. Also bring your passport and Alien card. If you have any problems you can use another bank. |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Sun Jun 03, 2012 7:13 pm Post subject: Re: best way to transfer money to the US? |
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eventually wrote: |
i need to pay my friend rent money (screwed until august, boo!) in the states...what's the easiest way to transfer Korean won from my bank to the US? would paypal work? |
One off, small funds (<$1500) = money order if time is not a factor and you are cheap. Mail it off. He gets it in about a week. Drawn on a US bank there is no problem to cash it.
One off, small funds = bank wire or western union if time is a factor (not the cheapest option).
Large funds (>5million won) = always bank wire.
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sojusucks

Joined: 31 May 2008
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Posted: Sun Jun 03, 2012 9:49 pm Post subject: |
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Most banks seem to take a fee on top of the exchange fee for themselves and then try to blame it on my bank back home. If you have to send money back quickly then a bank transfer is best. Otherwise, take cash when you fly back. |
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