
How to make an account at a bank in Korea for tuition remittance : In the case of foreign students, there will be many friends who have to live on living expenses from their parents in their home country, and who have to pay tuition to school by transferring tuition. You need a bank account when you receive living expenses from your parents in your home country or when you send your tuition to school. I will teach my parents in my home country how to get tuition and living expenses, and how to make an account at a Korean bank that is essential to pay for school while studying abroad, as well as how to get money and send it to them all!
make account bank Korea

First, go to the bank
I have to go to the bank to make an account. In addition to making an account, the bank provides various services related to money. Transactions that exchange money are not unconditionally limited, but are strictly restricted according to domestic regulations. In particular, foreign exchange transactions, which are mainly traded by foreign students, may have necessary documents or transaction limits according to the regulations of the country where the remittance is made. But you don’t have to worry. Even if you don’t know, you can be kindly guided by the staff if you visit the bank. But one thing to watch out for! Generally, Korean banks can only work on weekdays from Monday to Friday, and most of them can only work from 9 a.m. to 4 p.m. That’s why it’s important to visit on time, not anytime, 24 hours a day.

Second, follow the instructions of the bank staff to create an account
In other words, account creation is also called account creation. If you go to the bank with the supplies and tell the staff that you came to make a bank account, you can be kindly guided. The basic supplies you need to bring when you go to the bank to make an account are as follows.
- ID card (one of passport, alien registration card, and resident registration card)
- Stamp (signature)
The ingredients are simple, right? There is a machine at the entrance of the bank where you can draw a waiting list if you visit the bank with these supplies in advance. You can get a number ticket through this machine, wait for my number to appear on the electronic display, and then go to the place where my number appears. You don’t have to worry about this process because there is an employee who helps you at the bank entrance. You can go where my number appears and tell the staff there, “I want to open a bank account.”
You can tell me that foreign students are trying to make an account for foreign exchange transactions because they have to transfer money from their home countries or transfer money to their home countries. Internet banking and cards where you can trade money on the Internet can also be made with guidance if necessary. You can check the parts that need to be checked according to the bank staff’s guidance and fill out the alien registration number, birthday, address, contact information, and signature. If the address is confusing, it would be good to write it down in advance, right? After filling out the document, you can set the password for your bank account to 4 digits and set the password for your card, and you can get your bank account and card right away.

Third, transferring tuition from your home country to your school
If you open an account for foreign exchange transactions, you can send money to your parents by telling them the bank’s English name, bank SWIFT CODE, bank headquarters address and zip code, the account number of the account you opened, the name of the international student, and contact information. In order to receive the money transferred, you can present your bank account, passport, or alien registration card, as well as your seal (including signature) to receive the payment. It is easy to exchange foreign currency for Korean money at banks or currency exchanges located at airports, but it may be better to use Internet banking because it can be more advantageous to apply the exchange rate through Internet banking.
At the same time, you can go to the bank to send the tuition, and if you know the account number to transfer the tuition and the name of the depositor of the school to transfer the tuition, you can send the tuition to the school. Also, if you know this, you can easily transfer money anywhere using Internet banking. However, there is something to be careful about. If you ask for your bank account number, card number, password, etc. on the phone when you say you will remit the tuition, this is a voice phishing crime, so you should never tell them. Also, foreign students who use Internet banking should manage their ID and password well without telling others, and be careful not to lose their public certificate.