Transferring money from UK to South Korea

Sorry for the cross post but I didn%26#39;t get a reply in the South Korea forum.

I am planning to stay in Seoul for a year. I won%26#39;t be working, so money will have to come from my british bank account.

What are the options in terms of moving money around?

- exchange it beforehand from a high street bank?

- bring cash with me and exchange it at a korean bank

- wire it to a korean bank account. If so, are there any low-commission services such as tranzfers for GBP or AUD -%26gt; KRW, or am I stuck with being ripped off?

Thanks

Transferring money from UK to South Korea

Can%26#39;t help you very much, as I only go for a couple of weeks at a time. However, exchanging in UK is a joke. Many UK banks won%26#39;t or don%26#39;t. The ones that do give you an atrocious rate; recently, when I could get 1950W to the 拢 in a Korean hotel, my bank offered me 1550.

There are HSBCs and the like in Seoul; maybe talk to them?

Transferring money from UK to South Korea

My son lives in Incheon and his bank is here in Washington State. What he does is bank online. He can transfer money from his savings to checking online and then use his debit card to get cash or buy things with the card as a credit card.

I don%26#39;t know how British banks have online accounts but this is what works for our son.

hey, you could try getting an abbey zero credit card where you can use abroad, but possibly pay in full direct debit.