Can I withdraw money from a Korean bank account in US ATMs?
I need to withdraw money from my Korean bank account from ATMs in Las Vegas (foreign national living in Korea, going to the US for a personal visit),
I am trying online searches but most results are about withdrawing money from Korean ATMs using a US bank card, and it's hard to get information from Korean bank websites.
I have an account with a local bank, and they said they can make a card for me that can be used to withdraw money from specific ATMs in the US, but the staff weren't really clear on whether it will work in the US or not (that's what they told me, if there are specific ATMs that work with Visa cards, I might be able to withdraw money in US using my Korean card).
So I have two questions:
Would it be better to make an account with Citibank (since that's where you have to deposit the US visa application related fees, I'm assuming they can allow me to make withdrawals in the US using my Korean card) or another international bank? I'm not sure how easy or difficult it is, or if they charge more than the current bank I have an account with, making it not worth it.
I transfer money to my home country using a special account set up in my current bank, and I have heard before that they only allow international transactions to only one other country at a time from Korea. Is this true, and is it something I need to watch out for if I go ahead and make a card that possibly works in US? I still need to be able to send money normally to my home country using this bank.
Best Answer
When I lived there (2007-2012), KEB was the bank to use for a debit card that allowed foreign transactions. As far as I recall, even Citibank did not issue cards for foreigners to use outside of Korea- it was only KEB. It was a card you must ask for, and depending on the branch, the bank might be able to create one for you while you wait. Most importantly, getting the debit card you desire is largely due to the type of visa you carry. F (family) series visas will likely get you approved while the E-2 visa will likely get you denied. dda mentioned in the comments about how you should visit the HQ and get reliable information, as your local branch may not have an adequate English translator. If they do, they might be less likely/willing to help you engage in foreign financial transactions other than a plain remittance.
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How do I withdraw money from Korean ATM?
Withdrawal \ucd9c\uae08 (chulgeum)\u2462 Select the amount you want from the list on the screen (always in increments of W10,000 - ie you can can withdraw W20,000 but not W25,000). If your withdrawal is W50,000 or more, you will be asked if you want any W50,000 bills; if you do nothing, you will receive W10,000 notes.How do I withdraw money from Korean bank?
You can deposit or withdraw money with your bankbook or bankcard from ATM machines. You can do this by bankbook or bankcard. If you wish to use your bankbook to deposit or withdraw money from the ATM, notify a teller, as they need to make some changes in your bankbook to allow you to do so.Can you withdraw money from a foreign bank?
Foreign ATMs Offer Limited Services At home, you can use ATMs to change your PIN, see account information, transfer money between accounts, and more. Abroad, you generally can only view your balance and withdraw cash. For the rest, you'll need to register for online banking.How To Use a Korean ATM
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