Comments on: Opening a bank account in South Korea

By: Tatesjourney

Tatesjourney — Tue, 10 Nov 2009 09:56:54 +0000

Excellent point Kenny. With us the school automatically serves as the guarantor so if anything should go wrong, the Director gets involved and goes to the bank with you if necessary.

By: Kenny

Kenny — Tue, 10 Nov 2009 08:26:46 +0000

Also remember Tate, that with some banks, when foreigners open bank accounts, they will need a Korean guarantor. I know you know this but, it's because in case something goes wrong between the person (who opened the account) and the bank, and the bank has difficulties contacting the person, the bank can then get in touch with the Korean guarantor.

By: maisha

maisha — Mon, 09 Nov 2009 18:11:47 +0000

Such good information, especially about HSBC having a fee-free international card. Looking forward to opening my first account soon.