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forgesteel
Joined: 30 Aug 2005
Location: Earth
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 Posted: Sun Dec 04, 2005 3:07 pm Post subject: wire transfers / fund transfer: easy or hard? |
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My original post was confusing people, as I forgot to mention that I am in the U.S. right now, not Korea, so I append the more clear explanation of my problem and questions below:
I have sent money home (i.e. from South Korea, I have sent money home to my account in California) numerous times. This is definately not my problem. Ten (10) dollar fee, in and out in eight minutes. No problem, as one poster aptly observed.
But, can I now withdraw from my KB account, or transfer money from Korean account to my American account? I stupidly took this to be a given. Maybe, it isn't quite so simple?
I have a debit card that says "International" on it, and has the Maestro and Cirrus symbols on it, which in California generally seems to mean that you can use such an ATM card (one that has these symbols on it) just about anywhere.
If the only KB Bank in America is in New York, then I must go to New York for my transfer of funds?
Wow! That'd be unfortunate, especially if my International debit card is less than international.
Last edited by forgesteel on Mon Dec 05, 2005 9:03 am; edited 1 time in total |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Sun Dec 04, 2005 3:10 pm Post subject: |
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Super easy!
In and out in eight minutes.
Just be sure to bring your passport and local contact info here (work/home or cell phone number, address). |
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peppermint
Joined: 13 May 2003
Location: traversing the minefields of caddishness.
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| Posted: Sun Dec 04, 2005 3:28 pm Post subject: |
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| If you'res sending money out of the country, you'll also need the account number and location of the branch you're sending money to ( I just bring a voided cheque) and possibly a statement from your school saying how much you get paid, since you can't send out more than what you earn. |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Sun Dec 04, 2005 3:33 pm Post subject: |
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| peppermint wrote: |
| ...and possibly a statement from your school saying how much you get paid, since you can't send out more than what you earn. |
At the KB Bank? I have sent money home over a dozen times there and never have been asked anything about my work here. I don't even have to show my alien registration card. Just my passport.
Better safe than sorry I guess. |
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ilovebdt
Joined: 03 Jun 2005
Location: Nr Seoul
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| Posted: Sun Dec 04, 2005 3:49 pm Post subject: |
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| Same here. I have had no problem wiring money to the UK with KB Bank. However, I was surprised to find out that I paid charges here in Korea and that KB Bank in the UK also took charges out of the sum I transferred. It wasn't much, but was a bit annoyed to notice that. |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 7:18 pm Post subject: transfer (?) of funds : confused, again |
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This is so frustrating!
Last edited by forgesteel on Mon Dec 05, 2005 9:05 am; edited 1 time in total |
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peppermint
Joined: 13 May 2003
Location: traversing the minefields of caddishness.
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| Posted: Sun Dec 04, 2005 7:19 pm Post subject: |
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If your pay is automatically deposited in your account then you don't have to show a pay stub, otherwise they're supposed to ask for it.
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can I now withdraw from my KB account, or transfer money from Korean account to my American account?
I stupidly took this to be a given. Maybe, it isn't quite so simple? |
That's exactly the process we've been discussing til now, and that's why you'd need your info for your american account to do it |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 7:36 pm Post subject: unfun mayan caper? |
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If my account in KB bank reads ~4.8 million Won, then I assume I can use these funds in America? No?
I have a card that was issued from KB. Shouldn't I merely show that to my bank and then pay a fee of wire transfer from South Korea to America?
I'm confused. Who do I talk to? My financial institution in America? I did that. They weren't helpful too much the first time around I tried this on Saturday, the third of December. They told me I needed a routing number. I nodded as sympathetically as I could, and bid them good day.
Routing number. Call Korean KB Bank. They have an unhelpful sort speak some unhelpful words through the telephone. He's never heard of a routing number.
I guess I'll have to make a few more calls Monday?
Wow |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 7:44 pm Post subject: another shot |
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| peppermint wrote: |
If your pay is automatically deposited in your account then you don't have to show a pay stub, otherwise they're supposed to ask for it.
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I did not get my funds automatically in South Korea. A pay stub?
Who's supposed to ask for what?
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can I now withdraw from my KB account, or transfer money from Korean account to my American account?
I stupidly took this to be a given. Maybe, it isn't quite so simple? |
| peppermint wrote: |
That's exactly the process we've been discussing til now, and that's why you'd need your info for your american account to do it |
I don't understand. I have information. |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 7:48 pm Post subject: charges, et cetera |
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| ilovebdt wrote: |
| Same here. I have had no problem wiring money to the UK with KB Bank. However, I was surprised to find out that I paid charges here in Korea and that KB Bank in the UK also took charges out of the sum I transferred. It wasn't much, but was a bit annoyed to notice that. |
This sounds encouraging, sort of.
I suppose I'll just live on credit if I must.
Cheers, |
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peppermint
Joined: 13 May 2003
Location: traversing the minefields of caddishness.
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| Posted: Sun Dec 04, 2005 8:04 pm Post subject: |
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| Quote: |
I have sent money home (i.e. from South Korea, I have sent money home to my account in California) numerous times. Ten (10) dollar fee, in and out in eight minutes. No problem, as one poster aptly observed.
But, can I now withdraw from my KB account, or transfer money from Korean account to my American account? |
I'm completely confused now too. transferring money from the Korean account to the American one, wouldn't you use the same process as sending money home?
The routing number you'd need is for your american account, and should be part of your account number ( not the number on your ATM card)
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 8:14 pm Post subject: unreal hyperdimension |
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| peppermint wrote: |
| If you'res sending money out of the country, you'll also need the account number and location of the branch you're sending money to ( I just bring a voided cheque) and possibly a statement from your school saying how much you get paid, since you can't send out more than what you earn. |
Going to New York the only way to get a wire transfer?
I am in A, presently. I just got back K. I want to call K, and have my Kb bank funds made available to me, through the regular account I have in A. I am still waiting. In A. Waiting for the funds from K to materialize.
I've talked to the K people. They need information, so I give them information. Still, I am waiting for one party to respond so that a question of mine gets intelligently answered. After speaking a little Korean, my K older brother tells me I need x, and y. I provide this. Still no transfer of funds.
I've talked to A people. They are at least as unhelpful as the K people.
Well, Monday ought to be interesting. |
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Hater Depot
Joined: 29 Mar 2005
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| Posted: Sun Dec 04, 2005 8:23 pm Post subject: |
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I've tried to do the same. Impossible. Your only hope is to find an international ATM that works with your card.
No bank will do anything for you unless you physically show up to present ID. Over the phone is not going to cut it. |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 8:32 pm Post subject: which is |
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| peppermint wrote: |
| Quote: |
I have sent money home (i.e. from South Korea, I have sent money home to my account in California) numerous times. Ten (10) dollar fee, in and out in eight minutes. No problem, as one poster aptly observed.
But, can I now withdraw from my KB account, or transfer money from Korean account to my American account? |
I'm completely confused now too. transferring money from the Korean account to the American one, wouldn't you use the same process as sending money home?
The routing number you'd need is for your american account, and should be part of your account number ( not the number on your ATM card)
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Phew, I'm not as daft as I thought...
I thought the same thing, you phrased it certainly better than me, thank you.
Wow, a sign of civilized life, THAT is encouraging.
Cheers, |
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forgesteel
Joined: 30 Aug 2005
Location: Earth
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| Posted: Sun Dec 04, 2005 8:39 pm Post subject: thanks for the sane thinking, Hater |
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| Hater Depot wrote: |
I've tried to do the same. Impossible. Your only hope is to find an international ATM that works with your card.
No bank will do anything for you unless you physically show up to present ID. Over the phone is not going to cut it. |
Do you mean the American headquarters of KB bank (i.e. New York) is the single place I can get real money right now if I want money from my KB acoount?
Thanks for the sane thinking, Hater.
Cheers, |
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