Cheapest Way to Draw US Pension in Cambodia?
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Cheapest Way to Draw US Pension in Cambodia?
My monthly cheques can be paid into any US bank but there are no US banks operating in Cambodia, only 'correspondents'. What arrangements do retired members here use to be able to draw their money from a Cambodian bank, especially when they need to remit 'hand-to-mouth' monthly? Is Canadia the only Cambodian bank without local ATM withdrawal fees? Thank you.
I've tried wiring the money to Canadia bank through an intermediary and It worked fine, but the US bank wouldn't do a recurring transfer. To save me the hassle of contacting them every month, I just suck up a couple of ATM fees and withdraw the maximum straight out of my US bank account. I pay about $5 per $500 withdrawn, That's 1%.
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mine goes into my US account and once every 6-7 months i just wire some over,
wire fee only $25
wire fee only $25
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