What do foreigners need to open a bank account?

To open an account at a bank counter, you need ID (passport or Alien Registration Card) and an initial deposit. Some banks may also ask for a seal (stamp).

Just prepare these documents

• ID: either a passport or an Alien Registration Card (some banks may ask to see both)
• Initial deposit: the money you first put into the account
• Seal (stamp): only at banks that require it (many banks accept a signature if you don't have one)
• Mobile phone in your own name: you may need it when opening an account through an app (non-face-to-face)

Steps at the counter

1. Take a waiting number ticket at the bank.
2. When your number appears on the screen, go to the counter.
3. Tell the staff "account opening" (계좌 개설). If you need a debit card, apply for it at the same time.
4. Fill out and submit the documents as the staff guide you.

Bank counters are usually open on weekdays from 09:00 to 16:00. Most counter services are not available on weekends and public holidays.

💡 Good to know

• You can also open an account with a mobile Alien Registration Card. For face-to-face opening, the banks are Shinhan, Hana, iM Bank, Busan, Jeonbuk, and Jeju. For non-face-to-face opening, it is Jeonbuk Bank.
• Banks where you can open an account by app include Toss Bank, Shinhan Bank, and Woori Bank. It may not be possible depending on the bank and your status of stay.
• You can get a debit card linked to your account. A credit card requires approval from the card company, and it can be rejected.
• Never tell your PIN to anyone else.

Call the bank you plan to visit first to check the required documents. Then check the details once more at HiKorea (hikorea.go.kr) or the Foreigner Information Center (외국인종합안내센터) at 1345.