A heavily-moderated forum containing essential information on various aspects of Cambodia. Only moderators can create threads, but all users can post. Questions should be asked in the Questions and Answers forum.
by nightblooming cerius » Sun Oct 02, 2011 6:59 pm
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)
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by vladimir » Sun Oct 02, 2011 7:51 pm
goodtwin wrote:If I need to make regular payments to the United States, what is the best bank for that?
Does America have Western Union?
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by cambod » Sun Oct 02, 2011 10:22 pm
SunSan wrote:cambod wrote:goodtwin wrote: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...
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by goodtwin » Mon Oct 03, 2011 6:23 pm
vladimir wrote:goodtwin wrote: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?
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by Karong » Wed Oct 05, 2011 12:24 am
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.
"dge, phn nh"
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by BillyB » Wed Oct 05, 2011 2:50 am
Karong wrote: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?
Karong wrote: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 ? 
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by kinglear#1 » Wed Oct 05, 2011 6:51 am
Karong wrote: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.
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by SunSan » Wed Oct 05, 2011 4:40 pm
BillyB wrote:Karong wrote: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?
Karong wrote: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.
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by Karong » Wed Oct 05, 2011 8:00 pm
SunSan wrote:BillyB wrote:Karong wrote: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?
Karong wrote: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?
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by SunSan » Thu Oct 06, 2011 10:36 am
Then it's gone. Control yourself. Wait until you're here. Much better parties in Cambodia then in Thailand.
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by hanac2001 » Tue Oct 25, 2011 6:24 am
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 ?
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by mrflipper » Fri Dec 16, 2011 6:35 pm
what about us dollar trav cheques.?... surely its better 2 take them in2 cambodia than travelling thru thailand with sterling in ur pocket ??
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by altmtl » Sat Dec 31, 2011 4:07 pm
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
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by Khmeria » Sat Dec 31, 2011 5:46 pm
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.
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