Banking & Post office
Banking & Post office
- There is a bank located inside the KOREATECH’s campus: a campus branch office of Shinhan Bank.(신한은행)
- Location: 2nd floor of Student supporting center Building
- Office hours: Monday to Friday, 09:00-16:00
If you need to have money transferred from your home country, the remitter will need to know the following information. Also, your bank can advise you about your options for sending home or transferring money.
the name of the bank, and the bank’s swift code
the account no. of the receiver, and the account owner’s name
other information (e.g., the contact no. and address of the receiver)
To open an account, you will need your passport and Foreign Registration Card. You will have to provide your local address and to fill out an application form, from where you can choose optional services such as online banking, phone banking, and a message service via your cell phone.
You can exchange money at any bank with your passport. The foreign-exchange section of banks displays the daily exchange rate.
For the convenience of the students and faculty, there are ATMs all over the campus. You can withdraw and deposit cash using the cash card issued by your bank. You can also use the same machines to get cash advances using your credit card. The campus ATMs offer services in both English and Korean.
Withdrawing money from your bank's ATM is free during regular business hours (9:30a.m.-4:00p.m.), but withdrawing money from another bank's ATM or after business hours will require you to pay a small surcharge (around 1,000won). Through the ATMs, you can also transfer money to another account and make payments to others. A small fee is collected for money transfers to a different bank account or after business hours.
Post Office - Mail Costs
For domestic mail, sealed letters weighing below 10g are charged 480~600won, with an additional 40~100won for every 10g thereafter.
In the case of parcels, the charge is 9,000~17,000won for goods weighing below 500g, with an additional 7,000~13,000won, depending on the distance.
For international mail, the amount varies depending on the distance. Please note that when sending general international parcels to the U.S. or Canada, you should have the package insured so you can verify if it has been delivered. The basic insurance rate is 1,800won.
Post Office - EMS(Express Mail Service)
Through a special agreement between the Korean government and the postal services of other countries, Express Mail Service is available for those who wish to send documents and parcels to overseas destinations.