What is the use of T-money in Korea?

T-money is a rechargeable series of smart cards and other “smart” devices used for paying transportation fares in and around Seoul and other areas of South Korea. T-money can also be used in lieu of cash or credit cards in some convenience stores and other businesses.

Can you use US dollars in South Korea?

What’s the currency in South Korea? South Korea’s currency is the South Korean won. South Korean won is the only reliable currency in South Korea. Some places, especially in larger cities, will accept US dollars, but change will generally be given in won.

Is cash used in South Korea?

According to the Bank of Korea, only about 20\% of financial transactions in Korea are made with cash. Between credit card, debit cards and the popular T-money cards, the South Korean central bank has an ambitious goal of being cashless by 2020.

Does T-Money expire?

T-Money cards have no expiration date and the unused balance will remain on your card until the entire amount is used up. You can receive a refund for the balance on your card at convenience stores like GS25 that charges KRW 500 (RM 1.43) fee and the card price of KRW 2,500 is not refundable.

What is BTS T-money card?

BTS x T-money Mirror Card is a reloadable card that you can use anywhere when you are riding a bus, subway, or taxi in South Korea. Not only that, but you can also use the T-money card as a method of payment in any affiliated stores.

Can I use T-money in Philippines?

Product Info. Book a T-money card, a rechargeable smart card that can be used all over Korea, from Seoul to Busan, and Jeju to Daegu. Take advantage of its wide range of use and save time on your travels. Book with KKday and enjoy the delivery service to your address in the Philippines.

How can I go to Korea without spending money?

Travel within a city, travel between cities, and Jeju island. Traveling inside a city in South Korea is quite cheap. Buses and trains are often a fixed rate (just over $1 per trip) and travel to / from the airport will run a bit more ($5 for the slow train, closer to $10 for express in Seoul).

Can I use ATM in Korea?

You can use ATM in South Korea with US Debit Card. It has a better exchange rate compare to change it at money changer. Most of ATM in USA charged a foreign fee except Charles Schwab Bank.

Where can I use Cashbee?

Based on RF smart card technology, the Cashbee prepaid card can also be used to pay in mini marts, departments stores, and LOTTE-affiliated companies.