← Life hacks · Korea: money · Life in Korea · Workers · Students · Korean residents

🏦 Opening a bank account and sending money

What to bring and what to expect as a foreigner.

1. Bring your ARC (residence card), passport, Korean phone number and, if asked, proof of work or study.
2. New accounts often have low transfer limits at first; this is normal fraud protection and limits can be raised later.
3. Inside Korea, transfers by app (bank app, Toss, KakaoBank) are instant and usually free.
4. For sending money abroad, compare the total cost (fee + exchange rate) of your bank and licensed remittance apps.
5. Never lend your bank account or card to anyone – it is a crime in Korea (voice phishing laundering).

Kitbly tools for this

More life hacks

• 🇰🇷Life in Korea: 5 small things that save time
• 📚Remember more with flashcards
• 💼Send your CV the right way
• 🚇T-money: one card for subway, bus and taxi