South Korean T-money
South Korea uses the T-money card to streamline payments for buses, taxis and the subway. They recently extended those payments for select retail and restaurants, making it a popular way to pay your way in South Korea.
Like a debit card, it’s connected to your bank and makes automatic withdrawals each time you make a payment. Use the T-money card on your smartphone, making payments as easy as a tap of your phone.
Hi, we are traveling to Hong Kong, South Korea, Beijing, and Shanghai. Is it best to take a travel credit card? Where can we purchase a travel card?
Many thanks, Trisha
Hi Trisha,
Thanks for getting in touch with Finder. It’s nice to hear about your travel plans, Trisha. :)
Regarding your question, aside from travel credit cards, you can also use prepaid travel money cards. Whether travel credit card is best for you or not would depend on your needs, preference, budget. It would be good to know the advantages of using travel credit cards. You can know more how travel credit cards compare with other travel money options using our table above under the subheading, “Travel money options for South Korea at a glance.”
Regarding your second question, you don’t “purchase” a travel card, but instead, you apply for them. You can use our comparison table above and compare your options based on currency conversion rate, annual fee, and APR. Once you’re done comparing, you can then click on the “Go to site” green button to be redirected to your chosen provider’s website. From there, you can know more about the card and initiate your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hello! We are planning to visit in mid of March. We don’t have credit cards. We have a forex card. Does it work in South Korea?
Hi Pooja,
Thanks for getting in touch with finder. I hope all is well with you. :)
If you are referring to the forex card, a prepaid travel card, then it should work just fine in South Korea. Depending on which forex card you are using, you need to take a look if it has the Visa, Mastercard or Amex logo on it. Once you have determined this, you can then use your forex card in stores or ATMs with your logo displayed.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
How to open a saving account in the bank in South Korea?
Hi Rachel,
Thank you for your comment.
To open a bank account in Korea, please refer to the steps below:
1. Visit the nearest bank branch of your choice.
2. Take a ticket from the queue ticket machine at the Foreign Exchange section, and wait for your turn.
3. Proceed to the desk that displays your number.
4. Present your passport and alien registration card in order to open a bank account.
5. Apply for a check card with ATM deposit/withdrawal functions.
Generally, the bank will require you to fill out a short application, verify your documents, and assuming there are no problems, you will walk out with a new bank account. Please note that when applying for a local bank account, you may be required to present some or all of the following documents:
– Passport
– Certificate of Alien registration
– Visa
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Hi, my friend is leaving to Korea today and I was wondering if I get her gift cards here if they will work there? Specifically McDonalds and Baskin Robbins? Please answer as soon as possible. Thank you.
Hi Seande,
Thanks for reaching out to finder.
Generally, retailers’ gift cards are limited to use within the country they are issued in.
Upon checking, Baskin-Robbins gift cards can be used to pay for any purchase at select Baskin-Robbins or Dunkin’ Donuts locations in the United States only. The same goes for McDonald’s gift card, it is valid only at participating McDonald’s restaurants in the US.
Please feel free to contact us if any other questions arise.
Cheers,
Charisse