Guide to Studying Abroad in South Korea: Getting a Bank Account

Each university in South Korea has a bank that they partner with, and this will most likely be the bank that you will make an account with.

University-Bank Partnerships:

• Yonsei University — Woori Bank (우리은행)

• Ewha Woman's University — Shinhan Bank (신한은행)

• Korea University — Hana Bank (하나은행)

• Seoul National University — Nonghyup Bank (농협은행)

• Hanyang University — Shinhan Bank (신한은행)

• Kookmin University — Woori Bank (우리은행)

• Chonnam National University — Kwangju Bank (광주은행)

How to get a bank account at Yonsei University:

• Make one when you pick up your student ID from Woori Bank on-campus (Note: you will need to come back to the bank to connect your ARC or else your bank account will be limited)

• Wait until you have your ARC and then open an account on-campus

Things you need:

• Student ID (your student ID doubles as a bank card and transit card)

• ARC (only needed for second option as you won't have your ARC when you pick up your student ID)

• Passport

• Address in Korea

• Korean phone number

• SSN card