Sunday, February 5, 2012

Abundance Aid: Banking in Korea

Sometimes we need a little extra encouragement or help when banking in Korea. Usually your school sets up an account for you when you first get here, but then what do you do when you need to send money home? Well here are some links to bloggers who worked out their banking troubles and shared about it. Enjoy.

1. Beyond the Boerewors Curtain: Maybe you find yourself wanting to open a bank account at a different one. Then this post might be of some help with details and great tips.

2. Lee's Korea Blog: Perhaps you didn't know this but some banks in Korea have a place to turn your coins into cash. Scroll down to the end of this post and you can see some information on how to do this.

3. My Life! Teaching in a Korean University: Maybe just letting your money sit in the bank isn't enough. Investing your money helps make it grow. But how can you do that in Korea? She shares a link on how she is getting this done.

4. Buhay sa Korea: When all else seems lost wouldn't an actual guide put together by Korean professionals be helpful? Well there is one! The "Financial Transactions Guide for Foreigners" is available and can help you get the nitty gritty details you might need. Check the post for the link.

As for myself, I find banking in Korea to be quite easy except for the fact that banks close at 4:30. I usually have to get off work early just to get some in-house banking done. Some bills also require you to pay them when the bank is open, as is with the OCR bill. Anyways, take a number and you'll be ready!


  1. Cheers for the recommendation...

  2. Sandra,I love your site, but it is really difficult for wordpress.com bloggers to post comments because of a problem on the blogger side. I have to log as a google user and then loose the link back to my blog.

    You can check the sting of comments about this problem at:


    They suggest you change your setting to, name and url. I know it's a pain but I've spent ages trying to comment on blogger and just get stuck in a loop.

    (Bathhouse Ballads at elwood5566.net)