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seoul101
Joined: 13 May 2006
Location: Seoul
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 Posted: Tue Dec 26, 2006 5:30 am Post subject: What is the best bank to use for sending money home?? |
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Hi,
Fine bank (industrial bank of korea) just started bothering me about sending money home, asking for documents from my workplace. Can anyone suggest a good bank to use where they don't bother you about sending money abroad?
Also, one with good rates would be a bonus...
Thanks for any advice.. |
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jlb
Joined: 18 Sep 2003
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| Posted: Tue Dec 26, 2006 5:11 pm Post subject: |
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Nonghyup. Get an international ATM card (for an extra 1000 won) and send it your mom or dad back home. They can withdraw money for a fee of 1% plus $3. Easy and Simple.
You may have to go to a central headquarter Nonghyup bank to get this card because the local branches might not have it. I had to go to the downtown branch in Cheonan. |
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seoul101
Joined: 13 May 2006
Location: Seoul
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| Posted: Tue Dec 26, 2006 5:47 pm Post subject: |
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| Thanks jlb, I might just do that... ! |
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plokiju
Joined: 15 Mar 2005
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| Posted: Tue Dec 26, 2006 6:55 pm Post subject: |
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| Has anyone tried to open an account with an international bank like HSBC? I was thinking of doing that but was wondering if I'd be able to access the account from an HSBC location outside of Korea. It would avoid wire transfer fees and foreign ATM withdrawals from overseas but could potentially trap your funds in Korea forever. Has anyone explored this idea? |
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gypsychestnut
Joined: 04 Dec 2006
Location: in the bowels of korea
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| Posted: Tue Dec 26, 2006 11:08 pm Post subject: |
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| plokiju wrote: |
| Has anyone tried to open an account with an international bank like HSBC? I was thinking of doing that but was wondering if I'd be able to access the account from an HSBC location outside of Korea. It would avoid wire transfer fees and foreign ATM withdrawals from overseas but could potentially trap your funds in Korea forever. Has anyone explored this idea? |
I actually have an HSBC account that's US-based, and even though it's technically the same bank, I can NOT make a deposit here at the branch in Korea and expect it to show up in my account back in the States. Although it's the same in the name, it is still governed by banking laws of each of the respective countries, and hence you're going to have to pay a wire transfer fee at any bank you choose, unless you decide to that international-ATM-card-home-to-your-parents from Nonghyup or whatever it is.
Good luck. |
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seoul101
Joined: 13 May 2006
Location: Seoul
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| Posted: Wed Dec 27, 2006 1:05 am Post subject: |
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Hmm ok.
So are there are any other banks that give foreigners international debit cards? I can't seem to find a Nonghyup bank around Itaewon... |
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