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Scotia Bank anyone?

 
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michinkorea



Joined: 27 Jul 2006

PostPosted: Sat Aug 12, 2006 6:11 am    Post subject: Scotia Bank anyone? Reply with quote

Hey,

I'm from Canada and coming to Seoul on Thursday. I was told by my bank here (which wasn't Scotia Bank) that they didn't have branches in Korea, but that they had another customer that was going to Korea and they had to get all of this set up for them.

They said that Scotia Bank is the best Canadian bank to deal with internationally, and that they have branckes in Seoul, and everything should be really easy.

So I opened an account with Scotia Bank, and I was thinking, would it be possible to go to my bank in Seoul, withdrawl won (in cash, like I was going to spend it) and then put it in to my Scotia account. Then I won't have to worry about sending money home. I'll be done.

Does this sound like it'll work? Has anyone tried this, or do you know someone who uses Scotia Bank?

Thanks,
Mich
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Sat Aug 12, 2006 6:34 am    Post subject: Re: Scotia Bank anyone? Reply with quote

michinkorea wrote:
Hey,

I'm from Canada and coming to Seoul on Thursday. I was told by my bank here (which wasn't Scotia Bank) that they didn't have branches in Korea, but that they had another customer that was going to Korea and they had to get all of this set up for them.

They said that Scotia Bank is the best Canadian bank to deal with internationally, and that they have branckes in Seoul, and everything should be really easy.

So I opened an account with Scotia Bank, and I was thinking, would it be possible to go to my bank in Seoul, withdrawl won (in cash, like I was going to spend it) and then put it in to my Scotia account. Then I won't have to worry about sending money home. I'll be done.

Does this sound like it'll work? Has anyone tried this, or do you know someone who uses Scotia Bank?

Thanks,
Mich


I used to bank with scotia bank in Canada and I had the same thoughts when I came here. My reasoning was the same as yours.

Much to my dismay, I found that the Scotia bank here does NOT talk to the Scotia Bank in Canada and in fact the service charges for wires etc are MORE than dealing with the Korean banks.

There primary purpose here is for commercial banking and NOT retail / consumer banking.
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chronicpride



Joined: 16 Jan 2003

PostPosted: Sat Aug 12, 2006 6:38 am    Post subject: Reply with quote

They have only one office in Korea, which is on the 9th Floor of Chamber of Commerce and Industry Bldg in Namdaemun.

I was aware that the bank didn't have a retail division here and it was more of a division of their corporate banking and international trade arm. But I could be mistaken.

Edit: Ok, just saw the above post. That's what I thought.
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Novernae



Joined: 02 Mar 2005

PostPosted: Sat Aug 12, 2006 7:22 am    Post subject: Reply with quote

Same thing happened to me. Set everything up before leaving only to find out after arriving that the scotia bank here is not a retail branch and do not deal with lowly individuals.

You could, however, try emailing yourself money, or transfering your money through paypal...
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philthy



Joined: 02 Sep 2005
Location: Incheon

PostPosted: Sat Aug 12, 2006 7:47 am    Post subject: Reply with quote

Yeah, I also was naive to think ScotiaBank would be able to handle my finances.

I've only been with them for 28 years. I guess that's not enough. I sent two emails before I came to Korea to them and no reply.

Thanks for the service!!
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