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How to open a foreign account in Korea

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작성자 관리자 댓글 0건 조회 4,170회 작성일 19-10-29 21:25

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You need a certificate of alien registration, passport, etc.
When opening an account, you need a real name identification card (foreign registration card, passport) and delegate it to the agent.
In case of an additional proxy's real name verification certificate and letter of attorney (in case the agent is a family member, foreign registration fact)
You need it!

Each bank may request additional documents (driver's license, credit card, etc.) in addition to the real name verification certificate to identify the applicant for account opening.
※ Since the authenticity verification system* is not in place for the alien registration card, there are cases where a third party uses the card as a financial fraud account after opening a random account.
* Korea's resident registration and driver's license are operated by the Ministry of Public Administration and Security, and the driver's license test management team.

○ Designation of foreign exchange banks in transactions
- For reporting and follow-up management of foreign exchange transactions, a single bank can be sent overseas in advance for an amount equal to or less than US$50,000 a year. If exceeded, proofs of domestic income, such as wage statements, tax certificates, etc. are required.
 
○ Internet banking specialization service for exchange and remittance and remittance
- Foreign residents who register for Internet banking can apply for currency exchange through Internet banking for less than US$10,000 and can save more fees than bank windows.
 
※ If you apply for exchange through Internet banking, you must visit the branch to receive the foreign currency within a certain period. Otherwise, you will be transferred to the account that was deposited at the exchange.
 
-Shipment Specialization Service is a service that specifies the conditions for the remittance, such as the amount, date, and exchange rate that you want to send, and automatically sends the remittance to the recipient when the specified conditions are reached.



++more tips!

Shinhan Bank made an announcement on the 10th that it will launch a new mobile platform called 'SHINHAN Global S BANK', which is dedicated to foreigners, for convenient financial transactions of foreigners living in Korea.

The "Shinhan Global S-Bank" is a mobile platform to provide various services and functions that foreign customers need and upgrade them, offering financial services such as domestic transfers, exchange rate checks, overseas remittances and connections to foreign language call centers in a total of 10 languages.

It will also provide additional overseas remittance services, payment of utility bills and inquiry services for Shinhan Card in line with the needs of foreign customers presented through various channels such as foreign-language call centers, foreign-specialized sales staff and customer interviews, and social networks.

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