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Useful Information > Korea > Bank account

Bank account

To open a bank account, you need a valid passport and alien registration card.

Pai Chai University has a branch of Kookmin Bank (KB) on Campus, so it is easiest to open an account there.

When opening the account you have to fill out an application, register your signature and chose a 4 digit PIN. For more information see the transaction guide for foreigners:

Transfer of Money between Europe and Korea can be very expensive. Therefore European students going to Korea should look for a bank that provides international services without fees or with very low fees: credit card which allows to withdraw money by using an ATM in Korea and money transfer from the German bank account to the Korean bank.