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theSeeker
Joined: 18 Jun 2004
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 Posted: Tue Dec 21, 2004 10:36 pm Post subject: Bank Accounts (for English teachers) |
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Hello there,
I have just started a job and my Alien Registration Card is on the way.
I know I need to open a bank account. As a foreigner, what is a good bank to use? I would like to find one that has plenty of ATMs around, and does not charge too much of a monthly fee just to have the account. I think my school will be doing direct deposites into the account for my monthly pay.
Does anyone have any recomendations? I live near Yougsan Station and Samgakji. Any suggestions? Are there banks i should avoid? How about KB? or Worri Bank? They seem like big ones
Are there banks that are especially friendly and favorable to foreigners?
Please send help. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Tue Dec 21, 2004 10:43 pm Post subject: Re: Bank Accounts (for English teachers) |
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| theSeeker wrote: |
Hello there,
I have just started a job and my Alien Registration Card is on the way.
I know I need to open a bank account. As a foreigner, what is a good bank to use? I would like to find one that has plenty of ATMs around, and does not charge too much of a monthly fee just to have the account. I think my school will be doing direct deposites into the account for my monthly pay.
Does anyone have any recomendations? I live near Yougsan Station and Samgakji. Any suggestions? Are there banks i should avoid? How about KB? or Worri Bank? They seem like big ones
Are there banks that are especially friendly and favorable to foreigners?
Please send help. |
KB is the biggest. I would go with them over Woori. I use Woori and I'm not 100% happy with them. They shut down their money machines for a week at one point during the holiday. |
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canadian_in_korea
Joined: 20 Jun 2004
Location: South Korea
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| Posted: Tue Dec 21, 2004 10:45 pm Post subject: |
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Hi there, my husband deals with the Korea First Bank....he also has a Woori bank account...but the Korea First Bank doesn't charge service fees for making a withdrawl. The Woori bank charges 600 won after a certain time...evening withdrawls I believe. If you do decide to go with the Korea First Bank...the branch in the Posco building (between Seoullung Stn & Samsung Stn.)...hmm...if you get off at Seoullung station take exit one and keep walking straight you can't miss the Posco Building...it is on the left. One of the girls there speaks English really well. I guess I should say that I use the Korea First Bank.. |
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diablo3
Joined: 11 Sep 2004
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| Posted: Tue Dec 21, 2004 11:47 pm Post subject: |
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Choose a bank which has the most tellers and the cheapest fees. As for service from the tellers, they are kind but at least 99% of them do not speak English.
If you decide to use your ATM card as often as possible, try to learn some basic Korean transaction vocabulary in order to withdraw, deposit, or transfer money. Some ATMs do not provide an English language service. |
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sadsac
Joined: 22 Dec 2003
Location: Gwangwang
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| Posted: Wed Dec 22, 2004 1:49 am Post subject: |
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WE have used KB bank for the last 3 plus years and they have been great. Never any hassles.  |
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John Henry
Joined: 24 Sep 2004
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| Posted: Wed Dec 22, 2004 9:58 am Post subject: |
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On a related note...
Are there Wells Fargo and Bank of America, etc. bracches out there? |
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Ryst Helmut
Joined: 26 Apr 2003
Location: In search of the elusive signature...
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| Posted: Wed Dec 22, 2004 2:24 pm Post subject: |
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| John Henry wrote: |
On a related note...
Are there... Bank of America... bracches out there? |
When I last checked (Summer of 2003), there was just one BoA (in Seoul), but they only accepted company accounts, so we individuals are SOL.
Unless they changed policies, you'll have to nix that idea.
!Shoosh
Ryst |
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teachmeenglish
Joined: 14 Dec 2004
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| Posted: Wed Dec 22, 2004 9:07 pm Post subject: |
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| I use KB and Korea Exchange Bank KEB. Both have had no troubles in 5 years, but KEB also has branches in Vancouver and Toronto, so could help if needed back home |
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