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mdsb87
Joined: 16 Aug 2010
Location: Gyeongsangnam do
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 Posted: Wed Nov 28, 2012 1:23 am Post subject: Lodging foreign cheques to a Korean bank account. |
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I was wondering if lodging a cheque from a foreign country into a Korean bank account is easy or problematic. I haven't done it before so I have no idea.
The cheque is from Ireland and I want to lodge it to my normal Korean
Nong Hyup account.
Cheers for any info. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Nov 28, 2012 4:15 am Post subject: Re: Lodging foreign cheques to a Korean bank account. |
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| mdsb87 wrote: |
I was wondering if lodging a cheque from a foreign country into a Korean bank account is easy or problematic. I haven't done it before so I have no idea.
The cheque is from Ireland and I want to lodge it to my normal Korean
Nong Hyup account.
Cheers for any info. |
They will deposit it, charge you somewhere between 10-30k won as a service charge and wait anywhere from 30-60 days for the cheque to clear before you have access to the money.
If it was a money order or cashiers cheque drawn on a foreign bank then usually 14 days to clear and 10k won for the service charge.
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mdsb87
Joined: 16 Aug 2010
Location: Gyeongsangnam do
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| Posted: Wed Nov 28, 2012 4:43 am Post subject: |
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Thanks Ttom,
I figured it would probably be a little problematic. |
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