I have been traveling and living abroad for about 3 years now and I have learned some pretty costly lessons in the process. One of those lessons taught me that I should double check that my bankcard will work abroad before heading off on holiday.
In 2014 I went to Thailand for the first time. Before I left I went to NongHyup (NH), after making a few calls and fiddling on their computer they assured me that I could use my card without hassles.
Yeah. About that. It turned out that I couldn’t withdrawal cash for the entire month that I was away. Luckily I had brought some cash with me to last a week or two, and I was able to borrow money from my boyfriend at the time.
This year I went on my first holiday alone, which meant that if I ran into any financial trouble I would be royally f*cked.
I opened up a KEB account and can honestly say they are hands down the best Korean bank to travel with. I got a text message every time I made a cash withdrawal so I was able to keep an eye on my spending, and be alerted to any suspicious activities.
If you would like to open up a KEB account and use your card overseas take the following steps:
- Call the helpline and find out what your nearest branch needs you to bring (Usually it’s just your ARC, passport and contract).
- When you set up your account make sure it’s been registered under the Foreign Exchange Regulations AND your card has been approved for international use.
Top Tip: Always have a back-up plan. Leave a bank card/bank book with a trusted friend just in case you run into trouble. Before you leave double check that everything works properly. I left both my bank books with Div, however, there was a glitch with my NH bank book and she couldn’t use it.
We would love to hear from you, do you have any banking tips or similar stories?