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  • gookie
  • Super Waygook

    • 333

    • August 31, 2010, 12:03:12 pm
    • Daegu
Bank account still in good standing after 2 yrs?
« on: March 11, 2014, 11:11:25 pm »
I've been away from Korea since Sept 2012 after my EPIK contract ended and now I'm planning to go back as a vacation and to retrieve money left in my bank account (Daegu Bank) in the next few months. My bank account has been untouched since i left and I'm worried if it's been untouched for too long, something bad will happen to it.  I have a significant amount in the account and I'm wondering if my account is still in good standing and if I will face any lengthy (more than a couple of days) obstacles to get my money back.

Thanks for any advice  :cheesy:


Re: Bank account still in good standing after 2 yrs?
« Reply #1 on: March 11, 2014, 11:45:56 pm »
Do you still have the little booklet they gave you to stamp whenever you make a transaction (통장), Gookie?


  • gookie
  • Super Waygook

    • 333

    • August 31, 2010, 12:03:12 pm
    • Daegu
Re: Bank account still in good standing after 2 yrs?
« Reply #2 on: March 12, 2014, 12:14:51 am »
Do you still have the little booklet they gave you to stamp whenever you make a transaction (통장), Gookie?

you mean the bank book that shows all transactions? Of course (and bank card as well)


Re: Bank account still in good standing after 2 yrs?
« Reply #3 on: March 12, 2014, 01:40:53 am »
Yeah, that one.  Then show up with that book and you shouldn't have a problem (most likely don't even need the book, but having it definitely is a plus should something go wrong).  If you're worried you can't trust them, then just don't mention the fact that you were away or anything like that.  Tell them you were living here all along if they even ask.  Then there shouldn't be a problem at all.


  • emwsu
  • Veteran

    • 208

    • November 28, 2010, 09:19:06 pm
    • South Korea
Re: Bank account still in good standing after 2 yrs?
« Reply #4 on: March 12, 2014, 07:20:49 am »
I left in 2011 and didn't close my KEB account. I left it open because I used it to transfer money home and my school was still paying me for the last month, airfare.... The main account only had ~50,000W.

When I came back 2 years later, I still had ~50,000W. It still worked! I just needed a new bank card. From what I could tell there weren't even inactive fees or anything taken out. If you have both the card and the book you should be fine. Best of luck!


  • Mezoti97
  • The Legend

    • 2702

    • April 14, 2011, 03:02:50 pm
    • South Korea
Re: Bank account still in good standing after 2 yrs?
« Reply #5 on: March 12, 2014, 07:29:13 am »
According to a former co-teacher of mine, Korean bank accounts typically close/become deactivated after 4 or 5 years of no bank activity in that account. As such, your bank account should probably still be there -- I wouldn't worry about it.


  • Ley_Druid
  • The Legend

    • 2468

    • February 17, 2011, 08:36:33 am
    • Shinan-Gun, Jeollanam-Do, South Korea
Re: Bank account still in good standing after 2 yrs?
« Reply #6 on: March 12, 2014, 09:26:41 am »
At KEB, I was told that the bank account might go inactive after two years, but it wouldn't be wiped until five years after it goes inactive, whenever that is, so you should still have an account. If not, I am sure that your bank can help. And if they can't, you might want to switch banks.


  • gookie
  • Super Waygook

    • 333

    • August 31, 2010, 12:03:12 pm
    • Daegu
Re: Bank account still in good standing after 2 yrs?
« Reply #7 on: March 13, 2014, 04:59:29 am »
Thanks everyone for the reassurance =)

just a final question...does it matter if I don't have my ARC anymore?