How to Use a Banking Machine in Korea !
Ever wonder how so many foreigners survive in Korea with simple day to day activities such as banking? Actually, its not that difficult since there is an English option button on every machine in Korea.
Here is a summary I made for two transaction types!
(1) Withdrawing Money
Press the English Button
Select From Language Choices
Select Transaction Type
Protect Your PIN Number
Enter Your PIN
Select Withdrawal Type
How Many 50,000 & 10,000 Notes Required
Verify Withdrawal Amount and Bills
Do You Want to Print Your Transaction Slip
Remove Card and Money
Sound simple enough? Nothing that difficult about it!
Even common banking transactions such as paying bills can be done through an English ATM. Every utility, cable, or cell phone statement will give an account number for each of several banks for you to transfer money into. If you are transferring to an account with the same bank you can avoid transfer charges usually around 500w (.50 cents).
(2) Paying Bills (Paying my gas bill)
Select Bank to Transfer Money To
Enter Account Number to Transfer To
Enter Amount of Transfer
Beware of Phone Fraud
Transaction is Processing
Transaction is Complete
People actually prefer to transfer money between bank accounts for purchases rather than paying for things by credit card. Also this gives you no excuse not to pay your friend back money you owe if you're too busy to meet up!
If you don’t have your bankcard you can use your bankbook. It has a magnetic strip that acts the same as your bankcard. When updating your passbook it even turns the pages for you. There are also language options for Japanese and Chinese.
Seems ATMS are a lot more advanced than back home! Online English banking and depositing money into your home country account is also relatively simple with my Korean bank.
* Click here if you want to know "How To Use Online Banking Service in Korea"