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hexv
Joined: 14 Dec 2009
Location: Ulsan
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 Posted: Mon Mar 22, 2010 12:57 am Post subject: Deposit US Dollar Checks into Korean Bank Account |
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| Anyone have experience with this... I've received a paper check from the states and am wondering if it'll be a problem trying to get it deposited into my Korean bank account? |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Mon Mar 22, 2010 1:10 am Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| hexv wrote: |
| Anyone have experience with this... I've received a paper check from the states and am wondering if it'll be a problem trying to get it deposited into my Korean bank account? |
There's a fee and it takes like a 1-2 months. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Mar 22, 2010 1:13 am Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| hexv wrote: |
| Anyone have experience with this... I've received a paper check from the states and am wondering if it'll be a problem trying to get it deposited into my Korean bank account? |
If it is a personal check, send it back and ask for cash.
If it is a cashiers/counter check then you CAN deposit it but there will be a handling fee AND they MAY (depending on the bank it was drawn on) hold it for 30-60 days while it clears.
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bobranger
Joined: 10 Jun 2008
Location: masan
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| Posted: Mon Mar 22, 2010 4:34 pm Post subject: |
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| I got a Woori foreign currency deposit account. I put checks in about once a month. They charge a small fee per transaction and takes anywhere from 21 to 28 days. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Mon Mar 22, 2010 6:24 pm Post subject: |
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| So, why not get your family to send the funds through paypal? You can pull the money out that way, but you would have to pull the money to your korean account. better yet find out what info you need from your korean bank, then ask your k bank for the info (routing number, swift number, account number, international number, address, etc). This way the fam could send money. If you're american, your debit card may work in a global atm or a mini stop family mart atm. in which case, your family could just put the money int your us bank account and you can pull it here. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Mon Mar 22, 2010 8:29 pm Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| ttompatz wrote: |
If it is a personal check, send it back and ask for cash.
If it is a cashiers/counter check then you CAN deposit it but there will be a handling fee AND they MAY (depending on the bank it was drawn on) hold it for 30-60 days while it clears. |
Personal cheques are treated the same as cashier's cheques and money orders: Deposited for a fee and a hold on the funds for about 4 weeks. |
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teecee
Joined: 18 Feb 2010
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| Posted: Wed Dec 09, 2015 3:04 am Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| Young FRANKenstein wrote: |
| ttompatz wrote: |
If it is a personal check, send it back and ask for cash.
If it is a cashiers/counter check then you CAN deposit it but there will be a handling fee AND they MAY (depending on the bank it was drawn on) hold it for 30-60 days while it clears. |
Personal cheques are treated the same as cashier's cheques and money orders: Deposited for a fee and a hold on the funds for about 4 weeks. |
How much is the fee? |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Wed Dec 09, 2015 2:51 pm Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| teecee wrote: |
| Young FRANKenstein wrote: |
| ttompatz wrote: |
If it is a personal check, send it back and ask for cash.
If it is a cashiers/counter check then you CAN deposit it but there will be a handling fee AND they MAY (depending on the bank it was drawn on) hold it for 30-60 days while it clears. |
Personal cheques are treated the same as cashier's cheques and money orders: Deposited for a fee and a hold on the funds for about 4 weeks. |
How much is the fee? |
Each bank is different. Ask them. |
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teecee
Joined: 18 Feb 2010
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| Posted: Wed Dec 09, 2015 4:01 pm Post subject: |
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| thanks very much! |
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PEIGUY
Joined: 28 Mar 2004
Location: Omokgyo
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| Posted: Sat Jan 09, 2016 7:27 pm Post subject: Re: Deposit US Dollar Checks into Korean Bank Account |
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| teecee wrote: |
| Young FRANKenstein wrote: |
| ttompatz wrote: |
If it is a personal check, send it back and ask for cash.
If it is a cashiers/counter check then you CAN deposit it but there will be a handling fee AND they MAY (depending on the bank it was drawn on) hold it for 30-60 days while it clears. |
Personal cheques are treated the same as cashier's cheques and money orders: Deposited for a fee and a hold on the funds for about 4 weeks. |
How much is the fee? |
Usually about 10,0000 (that's what KEB charges me when I have to deposit SAT proctor checks) But again, each bank might be different as Young Frankenstein said. |
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