Korean Job Discussion Forums

[crimsonlily]

I have a question about the $10,000 US limit. Is the limit per calendar year (2005/2006), or per 12 months (August 2005-August 2006)? Do they really need to contact the school once I've gone over $10,000 US as the money is directly deposited into my bank by the school. The banker I usually deal with said she will call my school when it approaches that amount. Of course it all comes from the school! I guess also I am somewhat worried as she put many stamps in my passport and wrote dollar amounts - then photocopied the page. The only reason that's a concern is that there's a Chinese visa from when I went on holiday there. My school wanted me to ask permission about leaving the country on holidays and I didn't tell them about this. So would the school see the stuff from the bank? Or does the bank just call the school, or is there a form, or what? I don't think the banker really knows what to do and I've only found one place that sends money to foreign countries where I can communicate with someone. Plus, nobody I've spoken to has come across this problem. I greatly appreciate anyone who can fill me in! Thanks in advance.

[canuckistan]

If the bank calls your school it will probably be to confirm you do work there but more importantly your salary. Banks sometimes do this to make sure you're not sending extra money home earned illegally from private teaching. Obviously you're a saver

You could always bring a copy of your work contract to the bank to confirm your salary to them. Might save her a call.

[crazylemongirl]

Just go to a different bank that knows the rules. You can wire more money out a year than 10,000kUS you just need to report transactions of more than 10,000kUS I don't know why people put up with this crap, when chances are you can walk down the street and find a teller who is up-to-date.