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?
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.
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.
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.
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.