Sending Money Overseas

Written by Barun Wednesday, 04 May 2011 14:16

Downloadable brochure for "Easy-One Currency Remittance Service" at KEB Bank here. 

Check out the KEB locations in Jeonju.

Anjee DiSanto, 11:24am May 4 2011:

"If you send money home, you should totally get an ["Easy One Currency Remittance Service"] account.
I recently got one of these at KEB Bank... basically, they give you a second, separate Korean bank account number and they set it up so that, whenever you add money to the second account, it automatically transfers to your bank overseas. From then on, you can transfer money at the ATM any time!"

Daniel Kilduff, May 3 2011: 

"It normally costs me 13 000 to send money to Canada through the bank, but the remittance account is 11 000, so it is a bit cheaper, but the convenience of it is by far worth getting one. You can literally send money home from a GS Mart machine. Just transfer it to the Korean account and BOOM.. its on its way home. Usually gets there in 24-48 hours. *And another benefit of getting an account at KEB, at least for Canadians, is you can also use your KEB card in Canada to access your Korean account."*

Editor, August 29 2011:

Signed up for this account today. Took about ten minutes to set up the account. Take your Alien Registration Card, and definitely should bring your home bank's name, address, account number, branch/transit number and institution number. Money can be transferred the same day that you create the account. Fee was 11,500 KRW.

*Note: The transaction fee is 30% more if you transfer from anywhere other than through a bank teller at a KEB branch.