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Opening a Korean Bank Account as a Foreigner
Estimated time: 60 min read
Most major Korean banks (KB Kookmin, Shinhan, Woori, Hana, IBK) allow foreigners to open accounts with an ARC, passport, and a Korean mobile number. If you do not yet have an ARC, some branches may open a limited account with a passport alone, though conditions vary by branch. Foreign residents without an ARC can also use KakaoBank or Toss for a basic digital account. Visit the bank in person; online-only signup is generally not available for first-time foreign applicants. Bring all documents in originals.
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This content is for informational purposes only and provides general guidance on administrative procedures in Korea. It does not constitute legal advice. Laws and procedures change — always verify with the official immigration authority (HiKorea / Immigration Office) or consult a licensed attorney or administrative agent (행정사). Chingu assumes no liability for decisions made based on this information.