Banks & ATMs

[Sambo]

Bank recommendations - for personal accounts, business accounts - What fees are involved? What is required to set up an account? Are there branches outside of PP? Do they offer credit cards? Internet banking? Can money be easily transferred internationally?
For foreign ATM cards, what local banks charge the least?

Here is a list of banks from the Association of Banks in Cambodia:
ACLEDA Bank PLC (ACLEDA)
Advanced Bank of Asia Ltd (ABA)
AGRIBANK CAMPUCHIA BRANCH (AGRIBANK)
Australia and New Zealand Royal Bank (Cambodia) Ltd (ANZ Royal Bank)
Bank of China Limited Phnom Penh Branch (BOC)
Bank of India Phnom Penh Branch (BOI)
Bank for Investment and Development of Cambodia Plc (BIDC)
Booyoung Khmer Bank(BKB)
Cambodia Asia Bank Ltd (CAB)
CIMB Bank PLC (CIMB)
Cambodia Mekong Bank PLC (MekongBank)
Cambodian Commercial Bank (CCB)
Cambodian Public Bank (Campu Bank)
CAMKO Bank (CKB)
Canadia Bank PLC (CNB)
First Commercial Bank Phnom Penh Branch (FCB)
Foreign Trade Bank of Cambodia (FTB)
HwangDBS Commercial Bank PLC (HDBSCB)
Kookmin Bank Cambodia PLC (KBC)
Krung Thai Bank PLC, Phnom Penh Branch (KTB)
Maruhan Japan Bank (MJB)
Maybank Phnom Penh Branch (Maybank)
OSK Indochina Bank (OSKIBL)
Phnom Penh Commercial Bank (PPCB)
Saigon Thuong Tin Commercial Joint Stock Bank (Sacom Bank)
Shinhan Khmer Bank (SKB)
Singapore Banking Corporation Ltd (SBC)
Union Commercial Bank PLC (UCB)
Vattanac Bank Ltd (VBL)

[Tom Corsica]

http://www.cmk.com.kh



CMK (Credit Mutuel Kampuchea) promotes economic and social development through financial services and solidarity principle, which has now 10 locations in Phnom Penh and 6 locations in different provinces: SIEM REAP, KOMPONG SPOEU, KOMPONG CHHNANG, TAKEO, LVEA EM (KANDAL) and OREANG OV (KOMPONG CHAM).

Minimum déposit: 1$
Cost open bank account: 14 000 Riels
6% interest
No ATM for now (maybe 2012) but a cheap and perfect way to keep the cash you're hiding in your books and under the TV.


CMK Boeung Keng Kang 023 727 624
CMK Chbar Ampeou 023 720 446
CMK Phsar Doeum Kor 023 220 243
CMK Toul Tum Poung 023 220 223
CMK Olympic 023 216 268
CMK Phsar Chas 023 724 226
CMK Pochentong 023 866 395
CMK Phsar Ekreach 023 969 025
CMK Orussey 023 724 336
CMK Steung Mean Chey 023 969 015

[Captain Bonez]

SBS ATM's = free with withdrawals on international debit cards

[rob77]

SBS ATM's = free with withdrawals on international debit cards

Is it not SBC? Singapore Bank of Cambodia or something like that or has another bloody bank opened up.

[Captain Bonez]

im fairly sure it was SBS, because i remember being told SBC had free withdrawals or only charged $2, last time i used SBC it said it had charged me $3

http://www.sbs.net.nz/

[epidemiks]

Canadia charges me nothing for withdrawals from an NAB (Australian) account.

[Hoopharted]

Canadia charges me nothing for withdrawals from an NAB (Australian) account.

Using your Aus. NAB ATM card ?

[epidemiks]

Canadia charges me nothing for withdrawals from an NAB (Australian) account.

Using your Aus. NAB ATM card ?

Indeed, using a "Gold Account" Visa debit card. Haven't tried since switching to the new "Pleb Account", but I assume it's still free. Know of many others (not australian) that don't get charged at Canadia too.

[Karong]

I have a deep-seated dislike /distrust of all banks, and am wondering if anybody has had any bad / dodgy experiences with them? (In Cambo). I am looking to put a few thousand pounds aside somewhere safe, where I can have easy access to it so a bank is obviously my first choice.

Any personal recommendations?

[rob77]

I understand the distrust of banks but have found many of them in Cambodia to be running better operations for retail customers than is done in the EU or US. My faith in western banks really plunged during and after the GFC when my "too big to fail" bank of 15 years had to be taken over by the government in a period of about a month (and just after going to the markets with a new share option that was full of shit).

Generally you will do all right with the big and medium sized banks. Look for the ones with a genuine focus on international standards and customer service. The larger the branch and ATM network the better and try to see if their branches are busy with a mix of customers as a good sign they are active and can deal with your needs with minimum miscommunication.

I find ABA and ANZR tend to have the busiest branches in Phnom Penh with foreign and local customers while Canadia normally has just Khmers. These are the three banks I use and all have their different strengths and weaknesses. I use ABA the most now but ANZR is fine apart from the high charges and low interest rates on savings. Canadia is big but very Khmer.

I have heard good things about Acleda which is also the biggest bank. Campu is also really big but I don't hear much about them even though they have a big network but I think they rely on Malaysian corporate clients for their bulk of business.

I would avoid most of the smaller locally owned banks.

A lot of people used to use Mekong Bank but they seem to be silent nowadays and not bothered about getting new business.

I wouldn't ever open an account with CAB based on my experience with their related company and would not recommend this bank as an option to anyone.

Always try to check the history of a bank's owners to get an idea of their business and personal ethics.

[Jacked Camry]

I can confirm that Cambodian Public Bank is a well run and managed operation that's doing quite well, and not just with Malaysian clientele.

[SunSan]

I can confirm that Cambodian Public Bank is a well run and managed operation that's doing quite well, and not just with Malaysian clientele.

Yep, I've been happy since I switched there from ANZ.

[kinglear#1]

Ditto the above two posts - excellent service, but the ATM at the Sihanouk branch, near street 51, is often out of order. However, the branch a mile or so up the road (near the stadium) is usually working, so no major hassles.

I actually think banking has made great strides in Phnom Penh in recent years. Vattanac on Norodom also has excellent service.

[SunSan]

They're expanding their ATM network pretty quickly.

There's another one very close to Russian Market and another one on MTT near the Intercon.

[ninety9]

I want to recommend a moneychanger in PP. Sovann at 69 & 71 Street 136, Psar Tamei , between St. 51 [Pasteur] and 53 St. He does all kinds of currencies and has always given a slightly better rate for non-riel transactions than other shops I tried. He and his crew are dour but scrupulously honest.

He has an ongoing love affair with money and gold. If you check his DNA I’m sure you’ll find he’s a direct descendant of the moneychangers that Jesus kicked out of the temple. Also, when i have a bunch of US cash that I don't want to carry around, I give it to him to hold.

Also, generally, be aware that FOR CASH its better to buy Thai baht and Vietnam dong in PP than in Thailand or Vietnam if you go to a good moneychanger. Also, if you want to buy currencies other than baht, do not do so in Thailand. I believe Thai law forces banks and moneychangers to convert all currencies to baht first and then to the desired currency [2 conversions], which gives the buyer a distinctly lower net rate. [e.g. avoid buying US dollars for euros in Thailand].