Korean Bank Forces Guy To Employ Stupid Loophole, It Works

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Eric Lund
Aug 7, 2021 6:00 PM EDT

The rigidness of life's rules can make things harder than they have to be. And sometimes when life forces our hand, we must make stupid loopholes. It happens all the time, like this dad's basketball loophole or this grandpa's three dimensional mailbox loophole or this kid who made a mockery of a robotics competition with his dry ice loophole. We must pat ourselves on the back for every dumb loophole we employ, because man, stupid loopholes make us feel smart.

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  • 01
    Font - Posted by u/luther_williams 3 days ago O 16 5 S 10 12 Bank wants to play stupid games? Then lets play stupid games :) oc M So I live in S. Korea but I work for a US Company in S. Korea and because I work for an American company and I'm one of the few employees of my company that is American in S. Korea my company doesn't issue me this letter that basically says I'm employed in S. Korea.
    via luther_williams
  • 02
    Font - So this means I have restrictions on my Korean bank account. I can only withdraw 250,000 won (About $216 a day) from an ATM and if I go in person to a teller I can only withdraw 1 million won (about $870) a day. This normally doesn't present a problem for me. I also can't have a debit/credit card I get a "bank book" which is kinda like an electronic check book that's a physical thing you carry (FYI I use my American bank for most of my day to day spending)
    via luther_williams
  • 03
    Font - But...It did once. I signed a lease for a new apartment and the deposit was 10 million won (about $8,700, yes this is normal for Korea) so I transferred the money from my American bank to my Korean bank and I went to the bank in person to transfer the money to my landlord. I get there and the teller tells me I can only transfer 1 million per day. My first idea was to ask my landlord if she'd be cool with me transferring her 1 million won a day for 10 days, she doesn't like that idea.
    via luther_williams
  • 04
    Font - So I'm sitting there arguing and the bank manager comes out, he's a nice enough man and speaks good english. Basically he says because of my type of my account there is no way I can transfer more then 1 million a day. So I need this money and I'm thinking and the light bulb goes off in my head. Me: "If I close my account do I get my money?" Manager: "Yes, we would give you the cash" Me: "And if I close my account can I open a new one?"
    via luther_williams
  • 05
    Font - Manager: "Of course" Me: "Is there a waiting period after closing my account to open a new one" Manager: "No" Me: "Fantastic, please close my account" Manager: "Sure, I will need your bank book and we will destroy it" Hands them my bank book and they destroy it
    via luther_williams
  • 06
    Font - Signs some papers to close the account Bank manager closes the account and gives me all the money in the account in an envelope Manager: "Anything else I can help you with today?" I smile, pull out my passport Me: Yes I'd like to open a new bank account Bank manager looks at me, and it dawns on him what I just did, he laughs, shakes his head and goes "Sure not a problem"
    via luther_williams
  • 07
    Font - I opened a new account, deposited 10,000 won and left with my deposit in my pocket I believe this qualifies for malicious compliance because I followed the banks rules and it resulted in them having do more work.
    via luther_williams
  • 08
    Font - Momimamomumu - 2d As a Korean, this is hilarious. Korean banks have ridiculous rules and beaurocracies where they make you jump through weird holes to get through. Great move. I'm sure that bank manager had some stories to tell with his buddies after work. 22 3 Reply Share Report Save luther_williams OP - 2d Yea he didnt seem to mind
    via luther_williams

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rules bank clever loophole korea lol story south korea funny stupid
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