🏦 How to Open a Bank Account in Korea as a Foreigner
From Korea
...분 소요
Planning to stay in Korea for work, study, or long-term travel? One of the first things you'll need is a local bank account. This guide walks you through the process step-by-step so you can manage your finances smoothly while in Korea.
📃 Table of Contents
1. Requirements for Opening an Account
Most Korean banks require the following documents:
- Valid passport
- Alien Registration Card (ARC)
- Korean phone number (for SMS verification)
- Local address (hotel or residence)
- Sometimes: Proof of employment or school enrollment
2. Best Banks for Foreigners
Here are a few banks with good support for foreigners:
- KB Kookmin Bank: Offers English service and convenient mobile app
- Woori Bank: Known for foreigner-friendly policies and airport branches
- Shinhan Bank: Multi-language support and global partnerships
- KEB Hana Bank: Excellent for international transfers and travel cards
3. Tips for a Smooth Process
- Visit the bank in the morning to avoid crowds
- Bring all required documents in original form
- Politely ask for English service: "영어 설명은 안될까요? (Does anyone can explain in speak English?)"
- Keep your ARC updated—it's required for most financial services
4. Useful Korean Phrases
- 지역 계좌 개설을 하고 싶어요. (I want to open a local account.)
- 어느 은행이 외국인에게 더 유리해요? (Which bank is better for foreigners?)
- 전화번호를 드립니다. (Here is my phone number.)
5. 🤔 Did you know?
In Korea, you can even open a bank account at major airports like Incheon International. Woori Bank and KEB Hana Bank have branches at Terminal 1 and Terminal 2, helping new arrivals set up accounts before even entering the city!
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