Korean Job Discussion Forums

[TiGrBaLm]

I was thinking how about if someone got an international debit card associated with their account here in korea and then sent over the card to family/friend back home, who would withdraw the cash and put it in your account back home, making it easy to pay your bills at home without being gouged by transfer fees and the like.

Would this work?

Discuss

[ttompatz]

[TiGrBaLm]

[newintown]

i think quite a few people do that, but don't most cash machines have a daily limit on what you can withdraw?? your chosen executor back home might get pissed off having to go back & forth over the space of a few days.
transfer fees really bother me too

[Qinella]

I pay 15,000 won in transfer fees with KB. What do you mean by 'gouge'? How much do you pay?

[bixlerscott]

Yea, I opened an account at KEB a month ago and they said because I am a waygook or foreigner, I cannot get international card or even bank at thier other branches like in Las Angelos USA, Jakarta, Hong Kong, and others. (I am appalled that they won't be real, I bet if I had a million dollars they would be real) I said, but I fly places, live and work abroad, and need global bank account as I do not stay in Korea all the time so I need a true global bank account as you claim to be a global bank, indeed. I said this was not fair and rather disciminitory, but that didn't matter to thier inward thinking minds who probably never flew anywhere, but yet spoke English and had professional degrees and are professional business people. I pushed the issue through several managers and staff to no different result available. Pisses me off that they would attempt to be global and then they are not. Does being psuedo global make inward closed minded people proud? You bet, becuase they are rich and set in thier ways and thier inward ways are the very very best on Earth. Oh yes. I lack confidence in banking, guess thats why all teachers say to xfer money at the earliest convenience. It shouldn't be this way if the Koreans really want to do business with the world and be the world. Just be concise, honest, and to the point. Dam.

Funny thing, my head teacher who has been here 5 years says my card that says, "valid in Korea only" will work in other countries anyhow. Buy travelers checks when going on a trip. Now will Korean travelers checks be accepted elsewhere as Won cash is not readily accepted in most places like other currencies??????

Funny complexities at play......Lets get real people...

Why this internaitional finance and business stuff is rather complex, but oh, I need to do it....

[blynch]

[Mr. BlackCat]

Well, this idea isn't terribly new. I did that with my last job and it worked alright, but definitely not great. I sent the international card to my mom back home and she was willing to help me out. The problem was that you could only use the card when the bank is open here in Korea. That puts it at approx. 9pm-4am (Eastern Time). The ATMs not only had a daily limit but sometimes they just decided not to work with the card. After a couple of months I decided that I didn't want my dear old mother to be zig-zagging across our town at 2am trying to withdraw 1300$ over an hour. Alone. Frantically pressing ATM buttons. Alone. At 2am.

And then she'd have to go to the bank to deposit it.

So I stopped that. You know, it was about 5$ for every withdrawl, and seeing as though you have to withdraw several times to get the amount you want it adds up.

This year I just wire it directly into my account in Canada. 15$ and a few hours later all is done. Much cheaper and easier, and I rest much better knowing my mom is safe in her house at night.

[Qinella]

[cdninkorea]

[Captain Corea]

[gsxr750r]

I have one, or my father has it back home, I mean. I got it 4 years ago. Still works. Woori Bank won't issue them, either (my working one isn't from Woori).

[mehamrick]

Has anyone tried Hana Bank.. I got one from them last year.. an international debit check card at that.. although they do say that the international check card only works in korea but the atm part will work anywhere in the world..

[jlb]

The Nonghyup bank has an international ATM card that you have to ask for. I had to go to the main branch downtown in Cheonan to get it and go to the "foreigner" desk. You pay 1000 won. I got mine about 6 months ago.

My mom takes out $2000 a month, over a span of two days because of the $1000 limit.

[oskinny1]