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King Bob
Joined: 09 May 2006
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 Posted: Wed Jun 21, 2006 8:23 pm Post subject: Sending Big Lump sum to the U.k. |
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Good Afternoon,
Got a friend who is heading back to the U.K., with his Korean wife, after several years in Korea. He has just about completed the paperwork for himself and his family to go back to the U.K., but he was wondering how to go about sending his cash home. Obviously, the amount of assets and cash that he is has far exceeds the 10 million won a year allowance.
Any suggestions would be greatly appreciated. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Wed Jun 21, 2006 8:40 pm Post subject: |
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Hand me the cash and I will arrange things.
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Juregen
Joined: 30 May 2006
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| Posted: Wed Jun 21, 2006 9:48 pm Post subject: Re: Sending Big Lump sum to the U.k. |
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| King Bob wrote: |
Good Afternoon,
Got a friend who is heading back to the U.K., with his Korean wife, after several years in Korea. He has just about completed the paperwork for himself and his family to go back to the U.K., but he was wondering how to go about sending his cash home. Obviously, the amount of assets and cash that he is has far exceeds the 10 million won a year allowance.
Any suggestions would be greatly appreciated. |
If he can prove he earned the money fair and square, there is no limit to the amount of money he can send home. But he needs to have the documents on hand. |
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King Bob
Joined: 09 May 2006
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| Posted: Thu Jun 22, 2006 5:54 pm Post subject: |
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| Is there a particular bank that he needs to go through?? |
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Gideon
Joined: 24 Feb 2004
Location: Seoul
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| Posted: Thu Jun 22, 2006 6:15 pm Post subject: |
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| Just get a korean friend to send the money and you wont have any problems.. thats what i did. I had my gf send my money.. it was hilarious actually.. buddy at the bank thought he knew is job and we had a shouting match.. then i just turned to my gf and said ok she will send it.. right in front of him i gave her the money and he processed the transaction.. um sure he didnt like that but oh well.. i worked hard for that money!! |
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Novernae
Joined: 02 Mar 2005
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| Posted: Thu Jun 22, 2006 6:22 pm Post subject: |
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| King Bob wrote: |
| Is there a particular bank that he needs to go through?? |
Nope. Any bank should do as long as he has the paperwork. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Jun 22, 2006 7:27 pm Post subject: |
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| Gideon wrote: |
| Just get a korean friend to send the money and you wont have any problems.. thats what i did. I had my gf send my money.. it was hilarious actually.. buddy at the bank thought he knew is job and we had a shouting match.. then i just turned to my gf and said ok she will send it.. right in front of him i gave her the money and he processed the transaction.. um sure he didnt like that but oh well.. i worked hard for that money!! |
He has a KOREAN wife.... why find a Korean friend?
She can go to the bank, get a moneyorder / cashiers check payable to him or whoever and take it with them or mail it. This is the cheapest way but they will need a bank account where they are going to in order to cash it.
Alternatively they can wire it. Still need a bank to send it to.
They/she can get an international ATM / VISA / MC from their bank here and just do cash withdrawls with no problem. |
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Gideon
Joined: 24 Feb 2004
Location: Seoul
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| Posted: Thu Jun 22, 2006 8:08 pm Post subject: |
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| opps.. i missed the part about the wife.. she should be able to do it with no problems.. |
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