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trubadour
Joined: 03 Nov 2006
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 Posted: Thu Jan 10, 2008 6:33 pm Post subject: cheques in sterling, what to do? |
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I need to send money to my uni in Britian. My only option is to use a cheque, as I have no credit card. I heard you can get cheques at the KEB on another thread. I tried this morning, however, and they only did traveler's cheques in US dollars. 
Am I missing something?
Is there a difference between a cheque and a bankers draft?
Will I be able to get any sterling out of them? |
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seoul101
Joined: 13 May 2006
Location: Seoul
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| Posted: Thu Jan 10, 2008 6:39 pm Post subject: |
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| I use KEB to send cheques in GBP to be depopsited into my account back home - I think you asked for the wrong thing. Maybe it's called a bankers draft, not quite sure... |
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trubadour
Joined: 03 Nov 2006
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| Posted: Thu Jan 10, 2008 6:46 pm Post subject: |
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thanks seoul101,
I know you said your not sure, but I guess you didn't ask for travelers cheques?
Is it a complicated business, like a transfer always seems to be? |
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hang10
Joined: 11 Nov 2007
Location: Asia, Twice the sex half the foreplay
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| Posted: Thu Jan 10, 2008 10:29 pm Post subject: Re: cheques in sterling, what to do? |
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| trubadour wrote: |
I need to send money to my uni in Britian. My only option is to use a cheque, as I have no credit card. I heard you can get cheques at the KEB on another thread. I tried this morning, however, and they only did traveler's cheques in US dollars.
Am I missing something?
Is there a difference between a cheque and a bankers draft?
Will I be able to get any sterling out of them? |
You can send via swift from your bank here in korea to any bank in the world, its cheap too. It will take 2-3days though. Other option is western union, but thats only if you need to send in a hurry! Its cheaper via swift! All transactions are first exchanged into USD then it will arrive at your bank and get exchanged again.
Easy nothing to it! |
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trubadour
Joined: 03 Nov 2006
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| Posted: Fri Jan 11, 2008 6:41 pm Post subject: |
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thanks hang10, but the point is that a transfer won't do in this situation.
For the record: the thing to ask for is a "wire cheque" the manager didn't seem to know anything about them but some other chick had obviously been awake during training and knew what to do - she knew the name of the thing. Its the same form as the wire transfer but they tick the "WACS" box, then print you out a cheque. Its good 'cos you pay all the fees there and then. Cost me about 10,000. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Fri Jan 11, 2008 10:03 pm Post subject: |
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I've always asked for a banker's draft and got one.
You need a different branch of KEB, obviously. |
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