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rudiger
Joined: 13 Aug 2006
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Posted: Sun Apr 01, 2007 6:59 pm Post subject: school bank account in my name |
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I'm currently weighing an offer to teach an after hours program at a public elementary school. The director of the program is western and very likeable and everything seems on the up and up. One thing does worry me though. I will have to open an account under my name but that I have no access to and the tuition from the students is to be deposited into this account. At first I saw this as a red flag but after talking to a few friends who have the same type of position with the bank account thing and have had no problems I'm much less worried. Still I'd like some input. The contract wording is this:
3.1 Duties and responsibilities of the employer:
3.1.3 Obtain and allocate the monthly tuition fee paid by the school.
3.1.3.1 Administer in good faith the bank account opened by the teacher for the transfer of these funds. (3.2.4)
3.1.3.2 Be responsible for all bank fees, administrative costs and taxes associated with this account.
I dont like the way that sounds but what do you guys think? also, the entire contract is posted in the contract stickie if you care to take a look. |
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ChuckECheese

Joined: 20 Jul 2006
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Posted: Sun Apr 01, 2007 7:10 pm Post subject: |
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Don't do it, man!
It's a scam. |
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kat2

Joined: 25 Oct 2005 Location: Busan, South Korea
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Posted: Sun Apr 01, 2007 7:20 pm Post subject: |
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This question comes up once a week at least. DON"T DO IT! Find another job. They are scamming you big time. You could also be responsible for serious tax and pension payments, as it will appear to the government that you are being paid the amount that goes into that account each month, not hte 2-2.5 you will really be recieving. |
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babtangee
Joined: 18 Dec 2004 Location: OMG! Charlie has me surrounded!
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Posted: Sun Apr 01, 2007 7:23 pm Post subject: |
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They need to show that you are paying a (LARGE,) regular comission to them, for tax purposes. Otherwise, they are not declaring their earnings, and you are footing the tax bill. Clever dodgey-recruiter's idea that has become widespread. Not good for the foreigner if the tax man comes knocking though. |
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gsxr750r

Joined: 29 Jan 2007
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antoniothegreat

Joined: 28 Aug 2005 Location: Yangpyeong
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Posted: Sun Apr 01, 2007 8:01 pm Post subject: |
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if you were back home and someone asked you to do this, would you?
i sure as heck wouldnt.
dont leave yourself open like that, just too many risks. there are too many other jobs out there. |
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rudiger
Joined: 13 Aug 2006
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Posted: Sun Apr 01, 2007 8:12 pm Post subject: |
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yeah, i agree. i wouldnt do it back at home. but im in korea. and it does seem strange but other than taxes i dont see any other way to get screwed. they will be depositing my paycheck into my already existing account not this joint one. the worst that could happen is i would pay more tax than i should but even that seems remote. and if the tax man does come i have my pay stubs to show what i am making each month.
i knew everyone would hate on it but i dont think im the one getting scammed. seems the korean govt and schools are getting scammed. |
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ChuckECheese

Joined: 20 Jul 2006
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Posted: Sun Apr 01, 2007 8:15 pm Post subject: |
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rudiger wrote: |
yeah, i agree. i wouldnt do it back at home. but im in korea. and it does seem strange but other than taxes i dont see any other way to get screwed. they will be depositing my paycheck into my already existing account not this joint one. the worst that could happen is i would pay more tax than i should but even that seems remote. i knew everyone would hate on it but i dont think im the one getting scammed. seems the korean govt and schools are getting scammed. |
Yep, you got it all fingered out so go for it. Sign the contract. What are you waiting for. Do it! |
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rudiger
Joined: 13 Aug 2006
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Posted: Sun Apr 01, 2007 8:54 pm Post subject: |
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wow, chucky youre loads of help...
ive already read all the cautionary tales from previous posts. but i was hoping to hear from someone with actual experience of these "scams."
the handful of people ive talked to firsthand doing these gigs right now had nothing bad to say. |
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spliff

Joined: 19 Jan 2004 Location: Khon Kaen, Thailand
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Posted: Sun Apr 01, 2007 8:57 pm Post subject: |
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Don't even consider it...keep walking!  |
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xCustomx

Joined: 06 Jan 2006
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Posted: Sun Apr 01, 2007 9:13 pm Post subject: |
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rudiger wrote: |
wow, chucky youre loads of help...
ive already read all the cautionary tales from previous posts. but i was hoping to hear from someone with actual experience of these "scams."
the handful of people ive talked to firsthand doing these gigs right now had nothing bad to say. |
Like everyone else said, walk away. I was not allowed to speak with other teachers involved in a program like this until AFTER I signed the contract. Why is that? What was there to hide if everything was legit?
I've met a few teachers who weren't paid for over 2 months before they finally quit.
But you seem to have everything figured out like Chucky said, so go ahead and sign the contract |
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khyber
Joined: 16 Jan 2003 Location: Compunction Junction
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Posted: Sun Apr 01, 2007 9:25 pm Post subject: |
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Quote: |
the worst that could happen is i would pay more tax than i should but even that seems remote. i knew everyone would hate on it but i dont think im the one getting scammed. seems the korean govt and schools are getting scammed. |
Then obviously you aren't a very good reader:
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3.1.3.2 Be responsible for all bank fees, administrative costs and taxes associated with this account. |
This indicates that you have to pay all taxes associated WITH THIS ACCOUNT. It doesn't say it's your INCOME that will get taxed. ALL MONEY that is going into this account, you would be responsible for.
I mean REALLY, ask yourself why this guy is doing this? Why should the students pay YOU and then YOU pay the school? That is basically akin to the school being employed by YOU.
If you really want to be so foolhardy as to take this up, then I would suggest you tell them that MUST remove the aforementioned contractual obligation on your part. Tell them that THEY are responsible for allocating and paying YOUR taxes and that you are NOT responsible for ANY taxes other than those applied to your salary. |
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rudiger
Joined: 13 Aug 2006
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Posted: Sun Apr 01, 2007 10:34 pm Post subject: |
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I appreciate all your input. I obviously dont have it all figured out, hence why im posting on here. I was just offering my general impression. And there are obvious issues that need clarification before I even get close to signing anything. So again thanks for your help. And ill let you know what I find out. |
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that guy

Joined: 29 Feb 2004 Location: long gone
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laogaiguk

Joined: 06 Dec 2005 Location: somewhere in Korea
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Posted: Sun Apr 01, 2007 10:49 pm Post subject: |
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BAD IDEA. |
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