How Do You Transfer Money to Cambodia?

#1 02 January 2013 02:35:23

anthonyteo
anthonyteo
phnom penh

How Do You Transfer Money to Cambodia?

Does anyone know what's the best/easiest way to transfer money to Cambodia? I wanted to use Paypal at first, but turns out you need a Visa to open an account in Cambodia. So I need to find other means of doing so now. Any advice?

#2 02 January 2013 04:10:19

dorian293
dorian293
Phnom Penh

Re: How Do You Transfer Money to Cambodia?

the usual western union, moneygram i guess. or direct bank transfer if u have bank account here. but international TT takes 2 days at least.

#4 03 January 2013 03:03:02

dorian293
dorian293
Phnom Penh

Re: How Do You Transfer Money to Cambodia?

depends on amount, i guess :D
teddylim, if u have a s'pore friend visiting, ask him to carry it cash. for large amounts, international bank transfer surely better than western union/moneygram.

#5 03 January 2013 12:50:30

kampot

Re: How Do You Transfer Money to Cambodia?

Bankdraft or certified cheque or normal cheque.

open a/c with aba bank.log onto your western country's online ebanking  system, you'll be able make t/t trasfer arrived in a few minutes.

#7 04 January 2013 14:06:20

splork
splork
BKK

Re: How Do You Transfer Money to Cambodia?

So what I would normally do for a larger sum is by TT via OCBC. Obviously you must first have an account with a local bank here. Otherwise I would simply use my OCBC ATM card to withdraw up to usd 1,000 from one of SBC's ATM kiosk here. The charges are usd 4 to SBC and sgd 5 to OCBC plus bloated exchange conversion rates. These are the typical safe methods. The less safe method is to carry the usd from the airport. Devoid of the additional charges, this should be the cheapest way to transfer money from sg. I find traveler's cheque cumbersome and have not use this method for a long time.

Last edited by splork (04 January 2013 14:23:34)

#8 07 January 2013 19:34:46

phnom-penh-services

Re: How Do You Transfer Money to Cambodia?

You can open an Acleda bank account online, fill out the online form and email a notarized copy of your passport as well.

However any large sums of cash would incur a loss of cash (exchange rate) unless it is $ of course.

You may need to pay it through a reputable money transfer company.

#10 15 January 2013 07:44:02

madmax888
madmax888
Sihanoukville

Re: How Do You Transfer Money to Cambodia?

If you have a Cambodian bank,they can accept SWIFT transactions from banks anywhere. Ask the Cambodian bank for their SWIFT id#, relay that number to your stateside account. Most transfers can be done overnight. charges are $45 for the transferring bank, and $10 to receive and process here. I've done it a number of times.

#11 04 February 2013 13:06:38

dhlincali
dhlincali
Fresno

Re: How Do You Transfer Money to Cambodia?

Caxton FX dollar cards are good if you are from the UK. Im in the uS and have a wife in PP. I use Western Union but their rates are getting ridiculous. Looking for a cheaper alternative but have not figured it out yet. Wish my wife could use an ATM that I could load up with a specified amount every month.

#14 04 June 2013 11:36:12

buildagreg
buildagreg
Siem Reap

Re: How Do You Transfer Money to Cambodia?

Piggyphi wrote:

Which bank in Cambodia did you transfer to? :)

you need multiple entry visa 12 months and a letter from police  ""head of tourist"" in which ever city you are living to open an account and then you can transfer money into your new account, either from a bank or from a trading account  futures /stock market for less than banks 3% exchange rate plus fees.usually 1 to 1.5%and no fee if over 5000usd.hope this helps.

or western union as stated for one off transactions.

#15 04 June 2013 14:25:16

Piggyphi
Piggyphi
Paris

Re: How Do You Transfer Money to Cambodia?

Dear buildagreg:

thank you very much for your response.

Actually, i am Cambodian and I can ask my sis to open a/c in any bank yet I would like to know which bank will charge the least for receiving my transfer.

Thank you very much.

#16 05 June 2013 02:46:21

buildagreg
buildagreg
Siem Reap

Re: How Do You Transfer Money to Cambodia?

Piggyphi wrote:

Dear buildagreg:acleeda bank

thank you very much for your response.

Actually, i am Cambodian and I can ask my sis to open a/c in any bank yet I would like to know which bank will charge the least for receiving my transfer.

Thank you very much.

#17 05 June 2013 09:55:07

phnom-penh-services

Re: How Do You Transfer Money to Cambodia?

Acleda bank has a minimum charge of $9 for incoming international bank transfers as I remember.

I have a Canadia bank account here in Phnom Penh and I lose between 5-7% of the incoming amount of an international bank transfer from a non USD currency.

Last edited by phnom-penh-services (05 June 2013 09:56:52)

#19 29 June 2013 05:01:38

dosolto
dosolto
Phnom Penh

Re: How Do You Transfer Money to Cambodia?

solid01 wrote:

Hi, I want to transfer money to my friend in cambodia.

Hi.
You can.
Western union
Money Gram
or a bank transfer if she has a bank account.

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