Korean Job Discussion Forums

bish · Joined: 09 Jun 2007

Does anyone bank with Nonghyup? Is it possible to transfer money from them to a UK/foreign bank account? How do you do it? How much does it cost and how long does it take?

LuckyNomad · Joined: 28 May 2007

I've transfered money to the US from Nonghyup. I went with my co-teacher. You need your passport #, immigration card, and maybe 1 other thing. It took about 3 days for the money to show up in my American account. It was pretty cheap too.

mikekim · Joined: 11 Aug 2006

To USA it costs me 10k won and $8 was taken from my US bank.

To canada it costs me 30k won to send and $10 is taken from my CDN bank.

daz1979 · Joined: 29 Apr 2006 Location: Gangwon-Do

schwa · Joined: 18 Jan 2003 Location: Yap

Smaller neighborhood branches generally wont handle transfers -- you need a larger branch with a foreign exchange desk.

Your recipient bank must be a chartered bank -- credit unions & such dont work.

Otherwise, piece of cake.

lowpo · Joined: 01 Mar 2007

MissSeoul · Joined: 25 Oct 2006 Location: Somewhere in America

bish · Joined: 09 Jun 2007

bish · Joined: 09 Jun 2007

Cheers mate, I got the IBAN. Whats a swift code?

marckot · Joined: 16 Jan 2007 Location: Mokpo

I wanted to use them to transfer money home and they told me that they could only transfer money home if I had been at my current job for more than three months and had proof of income. I went to three different main branches in my city and was told the same thing over and over. So I could not transfer money through them for the first three months. I walked across the street to KB bank and they sent it across without blinking an eye.

You MUST show them proof of income everytime you want to sent money home. Get your school to print out your monthly income sheet and take it with you.

bish · Joined: 09 Jun 2007

daz1979 · Joined: 29 Apr 2006 Location: Gangwon-Do

colonel sanders · Posted: Sun Sep 16, 2007 10:01 pm Post subject:

I bank with nyong hyup with no problems. They told me to just bring in the receipt from the last transfer the next time I want to do it. Makes things so easy you won't need your coteacher.

daz1979 · Joined: 29 Apr 2006 Location: Gangwon-Do

marckot · Joined: 16 Jan 2007 Location: Mokpo

I have bank accounts at both banks. My NongHyup account was new so they insisted on following the "national banking law" according to the managers at the diffirent branches. I walked over the street to KB Bank where I have done banking before and asked them if they knew of this rule. They said no they didn't. They only wanted proof that I was employed by my school and my pay slip. It took about 15 minutes to send the money after they checked my employment and passport info.