What is the easiest and most convenient way to exchange cash in Seoul?
Planning a trip to Seoul, the vibrant capital of Korea? If so, it is essential to know how to get cash from Seoul to ensure a smooth, no-brainer journey. Whether you prefer to use cash for your daily expenses or as a backup option, it will be beneficial to understand the available ways to get cash. Here’s a comprehensive guide on how to get cash from Seoul, and make sure you have the necessary funds to enjoy your Korea Go Travel adventure.
One of the easiest and most convenient ways to get cash in Seoul is through an ATM.
ATMs are widespread in Seoul, and you can find them at banks, convenience stores, and shopping malls. It is important to note that the ATMs in Seoul mainly accept international cards such as Visa, Mastercard, and American Express. However, in order to guarantee wider access to the ATM, we recommend having a card with a global payment network, such as Plus or Cyrus.
Another way to get cash in Seoul is by visiting a bank.
Banks in Seoul offer foreign currency exchange services that allow you to exchange your home currency into Korean won. Major banks such as KEB Hana Bank, Woori Bank, and Shinhan Bank conveniently have branches across the city. It is advisable to check the exchange rates online before visiting, but the exchange rates of banks are generally competitive.
There are currency exchange stations in popular tourist attractions and shopping districts in Seoul, too.
These booths offer fast and accessible cash exchange services. The rates may vary slightly compared to banks, but currency exchange stations are convenient if you need cash right away. Checking and comparing exchange rates before making a transaction ensures the best deal.
In recent years, Korea has seen a sharp increase in the number of businesses that accept credit and debit cards, including popular international payment networks such as Visa and MasterCard. Most hotels, restaurants, shops, and transportation services in Seoul now accept cards, which are convenient for travelers who prefer the cashless payment method. However, carrying some cash is advisable for small businesses, local markets, and transportation costs.
If you prefer a safer and easier-to-manage option for cash in Seoul, consider using prepaid travel cards.
With these cards, you can load funds onto prepaid cards and use them like regular debit or credit cards. Some companies offer prepaid travel cards with the Korean won as the loading currency.