[edit] Woori Bank consolidation
Does Woori bank own all the banks now? Of course they don't own Citibank or other foreign banks but which banks do they own? --Dogshed 21:37, 9 August 2006 (CEST)
[edit] Postal transfer
Is a postal transfer something the post office does for you? --Dogshed 16:56, 3 September 2006 (CEST)
You can get it done through the bank. Or the postal office. But since you're already getting the check/money order from the bank...--Galbijim 17:20, 3 September 2006 (CEST)
[edit] Electronic stuff
http://en.wikipedia.org/wiki/Telegraphic_transfer
I think telegraphic transfer as something you do at Western Union. The Wikipedia article seems to imply that the terms are used in different ways in English. How are the terms used in Korean? I'm going to take out the korean terms and sort out the English ones. I'll let someone else put the Korean ones back in. --Dogshed 17:09, 3 September 2006 (CEST)
T/T is a common term to be seen on bank transfer forms in Korea. Not just on WU forms. This is why its in the article.--Galbijim 17:22, 3 September 2006 (CEST)
- The wikipedia article says that T/T can be used in different ways. Would koreans use the term T/T for Western Union or just payments through a bank? Can we assume it's just a generic term for all kinds of bank wire transfers which wikipedia says is technically incorrect? --Dogshed 18:51, 3 September 2006 (CEST)
[edit] Sending money overseas
Are the methods in the section on sending money overseas all services the bank provides? --Dogshed 17:13, 3 September 2006 (CEST)
- Yes.--Galbijim 17:36, 3 September 2006 (CEST)
- How is the bank check different from a postal transfer? Is the postal transfer a service where the bank mails the check for you or just a fancy way of saying they give you a check and you mail it yourself?
- Do they give you a form to fill out or do you give them an envelope? Do they mail the check for you? Do they make the check out to the financial institution or to an individual account holder? Do you give them a deposit slip for the recipient?
- Can they be stopped? In the US banks have counter checks and teller checks. Contrary to common belief either kind can have a stop payment put on them for a fee.
- Is there some kind of insurance if the check is lost?
- Postal check and postal transfer have the same Korean words. Was that just a mistake?
[edit] Money matters between individuals
Does this belong in banking? --Dogshed 17:18, 3 September 2006 (CEST)
It's banking/loan related. It details a lot of the common Korean procedures of what you might also experience in credit union style banks.--Galbijim 17:35, 3 September 2006 (CEST)
- Which parts are like a Korean bank and which parts are not? --Dogshed 19:04, 3 September 2006 (CEST)
[edit] Foreign currency accounts
Would it be better to get a foreign currency account if I want to send money home? Will that make the exchange rate better? Will ther be less fees? Can I just write myself a check and send it home? --Dogshed 18:57, 3 September 2006 (CEST)
- You can write yourself a cheque and send it home provided that your bank allows their cheques to be cashed in a foreign account. Also, my bank at home held all cheques for thirty days if they were not from a Canadian or American bank, including traveller's cheques from Thomas Cook (British). If you're sending traveller's cheques home --the cheapest option I've heard of, though not the safest, use American express only.Atkinson 18:30, 5 September 2006 (CEST)
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