Setting up Online Banking with KEB

Amanda has written a fantastic guide to setting up online banking at KEB.

Reposted here for your convenience.

SET-UP

• Go to your nearest KEB branch. 
• Bring your wire transfer information

             i.     Receiving bank’s name (Bank of America, etc).

             ii.     Your account number (or recipient’s number)

             iii.     Receiving bank’s address (can be the national or local address)

             iv.     Receiving bank’s SWIFT code or ABA #  (call your bank to find this out

• Bring your Passport, ARC card, and KEB bank book
• Plan to spend at least an hour at KEB getting everything set up.  Bring a Korean to help you.  Yes, they will probably speak some English, but just bring a Korean.
• Once they have everything set up, you should be good to go to set up your online banking.

ONLINE BANKING   http://bank.keb.co.kr/index_en.jsp -- English KEB website 

NOTE:  YOU MUST USE INTERNET EXPLORER.

There will be a number of pop-ups, add-ons, and plug-ins that you will need to install.  Pretty much everything that pops up, click okay.  You may also have to restart your browser a couple times for the new installations to take place.

Password Registration (You will need your ARC card)

1. Click “Individual.”  Click “Foreigner.”
2. User ID:  You should have chosen this at the bank.
3. Registration Number:  your alien card number
4. Click the boxes for “agree” and then click “next.” 
5. When it asks for a pin number, this is the 4-digit number you should have chosen at the bank.  Mine’s the same as my ATM pin number.
6. Follow the steps.  It’s easy.

Issue a Digital Certificate  (You will need your KEB bank book, KEB Security Card,

1. Start over.  Next to where you clicked “Password Registration,” click “Digital Certificate Issuance.”
2. This will prompt you to log in with your user ID and your password. 
3. Choose the free certificate option (obviously) and click “agree.” 
4. Type in your account number (on your bank book), and enter your 4-digit PIN
5. Now get your KEB Security card (plastic card with bunch of numbers on the back – DO NOT EVER LOSE THIS CARD!)
6. Enter the missing numbers of the serial number on the FRONT of the card.
7. Enter the numbers they ask from the back of your card.
8. Check to make sure your personal information is correct. 
9. A window will pop up asking you to choose a storage device.
   1. If you plan on using the same computer to access your account, then you can just choose “Hard Disk.”  If you work with a couple different computers, then you should choose “USB Drive.”  This is where your Digital Certificate will be stored.  Every transfer from here on out, will require you to have this certificate. 
   2. Create a password for your certificate.  I use the same password for my bank account to save my sanity. 
10. Congratulations.  You now have the ability to wire money home, and do immediate transfers to friends/businesses in Korea.   

WIRE TRANSFERS

You basically have two options for transfers.  “Global Wire Transfer” is any sort of international transfer.  “Immediate transfer” is just like an ATM transfer – people or businesses in Korea.  Buttons for both of these are on your dashboard (icons on the left side of the screen).

Global Wire Transfer (You will need your KEB Security card)

1. Click the icon for “Global Wire Transfer.”
2. Wire-transfer purpose:  Click the 3rd one (Foreign Resident or non-resident’s salary not residing over one year)
3. Transfer type:  Check the button for “Remittance No.”  A window will pop up with the information you have already set up in person at KEB.  Click the underlined number in the far left box. 
4. Select your account number, enter your pin, and select your account number again as the fee payment account.
5. Now choose the currency you would like your bank to receive (Americans = US Dollars).  However, you can choose to type the amount to transfer in either USD or KRW.  (Like if I know I want to send 1,000,000 won home, I’ll chose KRW and just type 1,000,000. If I know I need $800, I’ll choose USD and type 800.00.)
6. For “Relationship with the Sender,” just choose “in person”, then enter your email address.  
7. Click agree at the bottom of the page and get your Security Card for the next page.
8. Enter the numbers they ask for from the back of your Security Card.
9. Now a window will pop up asking for your digital certificate. 
   1. If you saved your certificate to your hard drive, it should show in the window. 
   2. If you saved your certificate to a USB drive, navigate to find your certificate. 
   3. Make sure the file is highlighted.  In the box near the bottom, type in the password your created for your certificate. “Enter.”

10.  A page should come up confirming your transfer.  You will also receive an email that confirms your transfer.

Immediate Transfer (You will need the recipient’s Bank Name and Account Number.  You will also need your KEB Security Card.)

1. Click “Immediate Transfer” and follow the instructions. 
2. The process is pretty much the same as Global Wire Transfer. 

Getting a phone and a bank account without your co-teacher, in Daegu

As I've said before, my co-teacher is ridiculously busy. I also may have mentioned how expensive that first week in Seoul was, and how I brought enough money to last a month but didn't really count the weeks properly, or factor in the expense of a week-long party. 

Anyway, last week I found myself down to my last ₩50 000 and the lack of a phone on top of that was making it very hard to coordinate with my friends, and co-teacher. As it stood, I would send her an email and then hope that she would check it and reply, and then I'd have to be home and near my laptop to see it... Eh. Not great.

On top of that, being that broke meant that I was avoiding spending money like the plague. Taking the bus downtown? Oh, don't mind me. I'll walk. It's only a 40 or so minute walk, after all. I even figured out how to get free food 7 days a week: 

Monday - Friday: Eat in the school cafeteria. Eat a lot. Eat until you're stuffed. At least you won't have to have dinner. Make sure to store all the free cake and treats you get in your school. 
Saturday: Eat your week's stash of freebies. 
Sunday: Not religious? Who cares? Go to church. They serve a full lunch, such as Bulgogi. 

Cake and a Ferrero Rocher? Breakfast of champions. The best free staffroom food so far has been a burger and a coke.

Alternatively, make friends with a co-worker and let them treat you to a five course meal.

So, walking everywhere and eating for free, and trying not to spend all my money on beer, I've been able to stretch out that last ₩50 000 and live quite comfortably. But I want a bicycle, and I needed a bank account before payday, and, well, there's a reason EVERYONE has cellphones these days. They're quite handy. 

My co-teacher had tried to take me to the bank, but they wouldn't accept my ARC certificate of application, even though they were supposed to. They said they wouldn't accept it without picture ID, and my co-teacher took that as a flat-out no. I wasn't so sure, but I didn't want to be with Daegu Bank anyway, because I want to travel all over Korea and having an account with a national bank is a bit more convenient. Also, I had heard about all the perks foreigners get with KEB, like the cheap rates for sending cash home, and I have a big loan to pay off. Not to mention online banking in English. 

So I took a walk to the nearest branch of KEB during my lunch period. It was a 20 minute walk. It looked much closer on the map. Whoops. I got there, and the very nice clerk told me that they couldn't do anything without TWO forms of picture ID as well as my ARC, and all I had was my passport. So, not one to give up, especially after teaching a week of "Never Give Up", I took a cab home, fetched my South African ID, took a cab back, and got a bank account. 

Except they couldn't give me a card or online banking until my ARC arrived. Well, I was willing to wait for that. At least with a bank book I could get a phone.

How to get a smartphone in Daegu, without a co-teacher

1. Email Eliza at auikorea (at) gmail (dot) com. She speaks fluent English and she will save your life. Ask her for any information you want, and set up an appointment. My lovely friend Rene had heard about her on an online forum, and she'd gotten several phones from Eliza. 
2. Make sure you have a bank account. Even if you don't have a card yet, or any money in it, you just need an account number and your bank book. 
3. Visit Eliza (near Kyungpook University Hospital) at this building.

It's on Google Maps.

Stuff you should take with you:

ARC card or certificate
Passport
ID
Bank Book
Some money (About ₩60 000 , although you probably won't have to pay anything).
A book to read, or something to keep you busy. It takes her a while to set everything up. 

4. Once you're inside the building, head to the right, to the elevators. Take one of the three elevators on your right. The ones on the left don't go to the 10th floor, which is where you're going. 

5. Step out of the elevators and go into this office:

It looks like this inside: 

Have a seat, chat to Eliza, and drink some tea while she sets everything up for you. 

She'll lead you from there, and then, you can enjoy your shiny new smartphone. I got an amazing discount, and my monthly bill is about ₩55 000, which is a hell of a lot cheaper than you would pay for a Samsung Galaxy S3 in most other places. Eliza gives you the discount, and she also throws in a bunch of freebies. She's lovely.

You have to sign a 24 month contract, but if you're only planning to stay for one year then contact her before you leave so she can organise to transfer your contract to someone else, so she doesn't lose money and you don't have to pay a huge fine for ditching your contract. Basically, don't screw her over.

No queues. No upfront fees. No language barrier. This was the best thing ever, and I could never have done it without my friend Rene's help.

My phone once belonged to Edward Cullen. 

Now that I have my phone, I took lunch today to go back to the bank and update them on the existence of my ARC card (it arrived on Monday) and my phone number, without which my dad couldn't send me money. I got back to the office and set up online banking, at which point I discovered...

I have been paid early! I gave my bank book to the admin wizards the day I got it, and they made a copy and put it on file, and paid my settlement money sometime between then and now. So this whole week, I've been living on free staff room dduk, when I could have been eating steak every night. It's like the worst episode of Secret Millionaire ever. 

I could have been using that money to fill out my pants

Just in time, my bills have arrived, so there goes a chunk of my money already. Except, it's Korea. So my bills are only $7 and $30 each, for electricity and gas. And that's ridiculously cheap, when you're a millionaire. So I don't mind.