Guide for Living in Korea

Open a Bank Account

    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 complete foreign 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 reimbursement 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.

    Seoul National University Office of International Affairs, CJ
    International Center(Bldg, #152), Seoul National University, 1
    Gwanak-ro, Gwanak-gu, Seoul 08826 Republic of Korea

    @ 2022 Seoul National University