Banks & ATMs

[nightblooming cerius]

Thank you Billy B. Seems to me the best way (although it has a risk, as does everything of course) is to take huge amounts of cash out and stick it in a safely placed safe. Zero fees. But one of the problems is each fiefdom and empire has its own currency regulations, making one a criminal if believes in an open market of consensual buyers and sellers (a fiction)

[vladimir]

If I need to make regular payments to the United States, what is the best bank for that?

Does America have Western Union?

[cambod]

If I need to make regular payments to the United States, what is the best bank for that?

Well, Cambodian Public Bank just told me that Americans can come in and do a wire transfer to America for $25, even without an account with them...

U might also want to find out the SWIFT number for the intermediate bank that handles foreign incoming wire transfers for the bank u are sending money TO to save a lil money...

I wouldn't do that, only confuses everybody.

Just give them the bank details of the receiver.

True, has definitely led to confusion here, but will most likely save u some money if YOU choose the right one instead of letting them bounce it around a few times to random banks (that charge u every time they touch it) before it hits the right one that is free, or at least cheaper for u...

[goodtwin]

If I need to make regular payments to the United States, what is the best bank for that?

Does America have Western Union?

yes. What are the Western Union fees like here?

[Karong]

OK, I am terrible when it comes to finances in general, but would I be right in saying the cheapest way for me to move my cash from the UK, and access it in Cambodia will be a wire transfer?

My idea is to open a bank acc with free ATM withdrawls in Phnom Penh when I arrive, then get the money wired over from a family members bank in the UK. The amount will be £3000-£5000.

Please let me know if this is a good/bad idea anyone who is in the know. Thanks.

[BillyB]

Would I be right in saying the cheapest way for me to move my cash from the UK, and access it in Cambodia will be a wire transfer?

The amount will be £3000-£5000.

No, for that amount it is easier to carry it in your pocket. How do you intend to convert from GBP to USD ?

[kinglear#1]

OK, I am terrible when it comes to finances in general, but would I be right in saying the cheapest way for me to move my cash from the UK, and access it in Cambodia will be a wire transfer?

My idea is to open a bank acc with free ATM withdrawls in Phnom Penh when I arrive, then get the money wired over from a family members bank in the UK. The amount will be £3000-£5000.

Please let me know if this is a good/bad idea anyone who is in the know. Thanks.

Yes. Many banks here have SWIFT facilities and it is fairly cheap and fast (typically 2-3 days). As for converting GBP to USD, the banks handle that as well, included in the SWIFT transfer fee. I can speak for the banks I use, anyway, but I think ANZ have the same/similar services.

[SunSan]

Would I be right in saying the cheapest way for me to move my cash from the UK, and access it in Cambodia will be a wire transfer?

The amount will be £3000-£5000.

No, for that amount it is easier to carry it in your pocket. How do you intend to convert from GBP to USD ?

Agree, hand carry it. Open account here, deposit.

[Karong]

Would I be right in saying the cheapest way for me to move my cash from the UK, and access it in Cambodia will be a wire transfer?

The amount will be £3000-£5000.

No, for that amount it is easier to carry it in your pocket. How do you intend to convert from GBP to USD ?

Agree, hand carry it. Open account here, deposit.

Yeah and what happens if somehow something happens to it between UK - party in Thailand for a week - Cambodia?

[SunSan]

Then it's gone. Control yourself. Wait until you're here. Much better parties in Cambodia then in Thailand.

[hanac2001]

Im Moving over next few weeks as well, Best to get it all on a Fair FX Card and then open a Cambodian bank account ?

[mrflipper]

what about us dollar trav cheques.?... surely its better 2 take them in2 cambodia than travelling thru thailand with sterling in ur pocket ??

[altmtl]

Hi this is my first post...

So in a nutshell I will be arriving from Trat and ending up in Kampot/Kep... I'll have some US$ to start, I read that ATM's dispense US$, so what is the max. withdrawal amount? I saw another post about SBS having no ATM transaction fee? Are there others? I have a TD Canada Trust debit card & will be charged $5 by them regardless. I also have some US TC, but I here the commission is rather high? So what would be the best way to go about this... I'm staying 2 weeks at the most.

Thanks for your help

[Khmeria]

For Americans, try Charles Schwab.

I pay nothing to use my Atm/Visa card all over the world. They refund all fees foreign banks charge to use ATMs as well.

Obviously not good for local deposits, but unbeatable for an ATM/visa card.

[altmtl]

That doesn't really answer my questions? -