Monday, July 1, 2013

Citibank - Perfect For Americans Living in Seoul?

When I lived in Seoul in 2011, I seemed to find a Citibank ATM about everywhere I went. Apparently, they're offering free money transfers between the U.S. and Korea if you have a bank account with them in BOTH countries, plus you can use their ATMs. Does anyone have experience using this service?

Transferring money from Korea can be somewhat easy, but most people get charged $20 or more for the transfer, and the exchange rate used can vary a lot from bank to bank.  If you're moving to Korea from the United States, it's probably a good idea to open a Citibank account before you leave and visit a local branch when you get there.

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