We are gonna check out the Bulgwang Branch and see if they can help us out. If not then the search will continue.
I heard that U.S with a valid passport and a social security number can open an account with no problems and it actually easier to send money from Korea back to the states.
So wish us luck!
I will update this post later today with our findings~!
UPDATE 05/11/13
We waited to be helped by someone who spoke English. The lady who helped us was very friendly and spoke English very well. She handed us papers that we would've need to fill out to open an account. However, we were confused when we saw that one of the forms was a W-9 Request for Taxpayer Identification Number and Certification Form. We asked her why it was necessary and she said that the IRS might charge interest to our account, since we're American Citizens and taxpayers.
Since we were confused we decided to not open up a Korean account with Citibank in Korea. Instead, we're thinking of opening an American Citibank account online. On their website, it says that they can send a check card to wherever you're at.
If all goes well, and we each receive our check cards by mail, we plan on depositing our monies at the Citibank ATMs in the Korea.
If anyone knows about this or understand the system better than we do, please tell us about it!
Thanks~
Update 05/07/13
So my friend and I just came back from the Bulgwang-dong branch CitiBank. We weren't able to open an account but the people at this location were kind enough to help us out.
We got our number, waited and then spoke to the teller. Unfortunately, we don't speak very good Korean and they dont't speak enough English (which is understandable). They contacted the headquarters here in Seoul and I spoke to the man who asked if we had our passport, foreigner registration card, and social security number. We had all of this but the lady said it was "difficult" to open an account for an American. I actually thought it was the opposite but I believed her because I can imagine how hard it must be when you can't communicate.
Any who, we settled on the fact that we are going to have to make our way to the Jong-no Branch.
Here is a map of the "GLOBAL BRANCHES" in Seoul, where you can find bilingual assistance.
UPDATE 05/11/13
We waited to be helped by someone who spoke English. The lady who helped us was very friendly and spoke English very well. She handed us papers that we would've need to fill out to open an account. However, we were confused when we saw that one of the forms was a W-9 Request for Taxpayer Identification Number and Certification Form. We asked her why it was necessary and she said that the IRS might charge interest to our account, since we're American Citizens and taxpayers.
Since we were confused we decided to not open up a Korean account with Citibank in Korea. Instead, we're thinking of opening an American Citibank account online. On their website, it says that they can send a check card to wherever you're at.
If all goes well, and we each receive our check cards by mail, we plan on depositing our monies at the Citibank ATMs in the Korea.
If anyone knows about this or understand the system better than we do, please tell us about it!
Thanks~
Update 05/07/13
So my friend and I just came back from the Bulgwang-dong branch CitiBank. We weren't able to open an account but the people at this location were kind enough to help us out.
We got our number, waited and then spoke to the teller. Unfortunately, we don't speak very good Korean and they dont't speak enough English (which is understandable). They contacted the headquarters here in Seoul and I spoke to the man who asked if we had our passport, foreigner registration card, and social security number. We had all of this but the lady said it was "difficult" to open an account for an American. I actually thought it was the opposite but I believed her because I can imagine how hard it must be when you can't communicate.
Any who, we settled on the fact that we are going to have to make our way to the Jong-no Branch.
Here is a map of the "GLOBAL BRANCHES" in Seoul, where you can find bilingual assistance.
I will update again when we go to Jong-no...Wish us luck~!
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