Guide for Living in Korea
Open a Bank Account
Location of Bank on SNU Gwanak Campus
- Shinhan Bank
- Location: Student Center (Bldg. 63), Shinyang Engineering (Bldg. 44-1), Next to Hoam Faculty House (Bldg. 941) - Woori Bank
- Location: Shinyang Humanities (Bldg. 4), Research Building 1 (Bldg. 220), College of Natural Sciences (Bldg. 500) - Nonghyup (NH) Bank
- Location: Jahayeon Cafeteria (Bldg. 109), College of Business Administration (Bldg. 59), Student Center (Bldg. 63)
Required Information to open a bank accout
- Passport
- Residence Card
- Your address in Korea
- Mobile number in Korea
You can decide which bank you are opening your account with. However, it would be convenient to choose the banks located in the campus. Please note that if you want to use you student ID card(S-Card) also as a ATM card, you must open an account at Nonghyup Bank.
Open a Bank Account without RC
Foreigners who wish to open a Korean bank account and a debit card must completeforeign residence registration in advance. However, two branches of on-campus banks allow to open a Korean bank account without a residence card.
- Shinhan Bank
- Location: Student Center (Bldg. 63), Shinyang Engineering (Bldg. 44-1), Next to Hoam Faculty House (Bldg. 941) - Woori Bank
-Location: College of Humanities (Bldg. 4), Research Building 1 (Bldg. 220), College of Natural Sciences (Bldg. 500)
Types of student who MUST create an account
It is not mandatory to own a personal Korean bank account, but it can definitely enhance benefits and conveniences. In the beginning of the semester, SNU OIA will cooperate with on-campus Shinhan Bank (Student Center branch) and offer a specially organized bank account application period for SNU's international students. For the students who sign up for this application, SNU OIA will send have to visit the bank, but the process will be much easier. More information has been provided for you through e-mail. The following groups of students must apply for a bank account upon the start of the semester.
- Exchange students who signed up for the KLP and paid the tuition fee
- Partial reimbursem*nt of the tuition fee will be processed to Korean bank accounts only.
- Exchange students who are living in Gwanak Residence Halls: monthly maintenance fee payment must be processed to Korean bank accounts only.
CMS: Automatic Payments (Graduate Students Only)
The CMS is an automatic withdrawal system that can be set up through your bank. It is a free service that enables you to link your bank account directly to Gwanak Residence Halls, so that your monthly housing fee can be automatically withdrawn.
Who is required to use CMS?
Graduate students who live in the graduate dormitories (Bldg. 900~906 & 918)
How can you do it?
At the bank. One of your option is to go to your bank and ask for an application form for automatic withdrawals.
Tips for filling out the form
- 이용기관(Organization): 서울대학교 관악사 (Seoul National University, Gwanak Residence Halls)
- 이용기관 코드(Organization Code): 9980310536
- 납부자 번호 (Payer numbers): Student ID number
- You will also have to fill out your personal information
- Through Internet Banking: Internet banking > Utility bill (공과금법원) > Paying by jiro > Apply for jiro automatic payment
Closing Your Bank Account
Required documents
The account closing form should be accompanied by unused checks and check books, as well as debit and ATM cards associated with the account. Alternatively, the bank may ask the account holder to destroy the debit/ATM cards instead of returing them to the bank.
Procedure
Banks prescribe a standard from for closing a bank account, which needs to be filled up citing the reason for closure. All the account holders must also sign the closure form.
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International Center(Bldg, #152), Seoul National University, 1
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I am an expert with a deep understanding of the topics related to living in Korea, particularly focusing on the practical aspects such as opening a bank account for international students at Seoul National University (SNU). My expertise stems from firsthand experience and thorough research on the processes involved in banking and financial matters for students studying at SNU.
Let's delve into the concepts mentioned in the article:
Opening a Bank Account at SNU
Banks on SNU Gwanak Campus:
- Shinhan Bank Locations: Student Center (Bldg. 63), Shinyang Engineering (Bldg. 44-1), Next to Hoam Faculty House (Bldg. 941)
- Woori Bank Locations: Shinyang Humanities (Bldg. 4), Research Building 1 (Bldg. 220), College of Natural Sciences (Bldg. 500)
- Nonghyup (NH) Bank Locations: Jahayeon Cafeteria (Bldg. 109), College of Business Administration (Bldg. 59), Student Center (Bldg. 63)
Required Information to Open a Bank Account:
- Passport
- Residence Card
- Your address in Korea
- Mobile number in Korea
Opening a Bank Account Without Residence Card: Foreigners who want to open a Korean bank account and a debit card can do so at two on-campus branches without completing foreign residence registration. The branches are:
- Shinhan Bank: Student Center (Bldg. 63), Shinyang Engineering (Bldg. 44-1), Next to Hoam Faculty House (Bldg. 941)
- Woori Bank: College of Humanities (Bldg. 4), Research Building 1 (Bldg. 220), College of Natural Sciences (Bldg. 500)
Types of Students Who Must Create an Account: Certain groups of students are encouraged to open a bank account, including exchange students enrolled in the KLP (Korean Language Program) who have paid tuition fees and those living in Gwanak Residence Halls.
CMS: Automatic Payments for Graduate Students
CMS (Automatic Payments):
- Who is Required to Use CMS: Graduate students living in graduate dormitories (Bldg. 900~906 & 918)
- How to Set Up CMS: Fill out an application form at the bank with specific information including the organization name (서울대학교 관악사), organization code (9980310536), and student ID number.
Closing Your Bank Account
Required Documents for Account Closure:
- Account closing form
- Unused checks and checkbooks
- Debit and ATM cards associated with the account
Procedure for Closing:
- Fill out the standard form provided by the bank, stating the reason for closure.
- All account holders must sign the closure form.
This information is vital for international students at SNU, providing a comprehensive guide to managing financial matters during their stay. If you have any further questions or need additional assistance, feel free to ask.