Setting up a bank account in phnom penh
-
- 440 newbie - handle with care
- Reactions: 0
- Posts: 12
- Joined: Tue Feb 23, 2016 4:19 pm
Setting up a bank account in phnom penh
I use chase bank in america and am on a year visa, but chase apparently sucks for over seas use and I want to open a bank account here and transfer money to it for easier use
have any other americans set up a aba bank account here and easily transfered/used money from it here in cambodia?
have any other americans set up a aba bank account here and easily transfered/used money from it here in cambodia?
- Miguelito
- Ordinary Schmo
- Reactions: 219
- Posts: 7053
- Joined: Tue Jan 13, 2015 11:19 pm
- Location: Penh's Hill
Are you planning to stay more than a year? Are you planning on being paid in Cambodia?ilovetheinternet wrote:I use chase bank in america and am on a year visa, but chase apparently sucks for over seas use and I want to open a bank account here and transfer money to it for easier use
have any other americans set up a aba bank account here and easily transfered/used money from it here in cambodia?
Others may disagree with me, but if you answered no to both of those questions, why would you want an account here? I'm not sure about their ATM fees abroad, but Chase has excellent credit cards with zero foreign transaction fees - you could even sign up for a new Chase Preferred and get 50,000 bonus points and a year free (give them an American address, then call and have them mail it here). Many, many banks have zero worldwide ATM fees (and will even reimburse you), so open an account and transfer your money domestically, free of charge, then take it out here.
-
- My Only Friend is my Computer
- Reactions: 0
- Posts: 728
- Joined: Mon Apr 07, 2014 2:32 pm
- Location: Phnom Penh
-
- 440 newbie - handle with care
- Reactions: 0
- Posts: 12
- Joined: Tue Feb 23, 2016 4:19 pm
i ended up opening a canadian bank account, but theres no direct routing numbers etc
apparently there has to be a intermediate bank in newyork or some shit to send money to here?
I just dont want to have to call the other side of the world when my card doesnt work, my fucking phone wont even let me get chase on the line when my debit card wouldnt work for fucks sake
anyone use canadian bank? you have to transfer to a intermediary bank first before they transfer to here?
apparently there has to be a intermediate bank in newyork or some shit to send money to here?
I just dont want to have to call the other side of the world when my card doesnt work, my fucking phone wont even let me get chase on the line when my debit card wouldnt work for fucks sake
anyone use canadian bank? you have to transfer to a intermediary bank first before they transfer to here?
- Barang_doa_slae
- cannonballer
- Reactions: 37
- Posts: 2434
- Joined: Tue Dec 24, 2013 9:44 am
Yes there always is an intermediary bank involved for inward remittance.
- raendi
- Bark plop plop bark woof woof
- Reactions: 56
- Posts: 1557
- Joined: Tue Mar 21, 2006 10:09 pm
- Location: Doun Penh
Every month i send money from my European account to to CB, i don't need to do/care anything about their intermediary bank.ilovetheinternet wrote:anyone use canadian bank? you have to transfer to a intermediary bank first before they transfer to here?
Pardon my engrish, thanks you.
-
- Wun Gwo Pee
- Reactions: 0
- Posts: 2484
- Joined: Thu Dec 25, 2014 8:07 am
Why would anyone use Canadia Bank over ABA? They are worlds apart in terms of quality.
- raendi
- Bark plop plop bark woof woof
- Reactions: 56
- Posts: 1557
- Joined: Tue Mar 21, 2006 10:09 pm
- Location: Doun Penh
Here's something:alanclarke72 wrote:Why would anyone use Canadia Bank over ABA?
Aba, Initial opening balance USD 100 - Canadia 10$
Aba, Minimum on-going balance USD 20 - Canadia 10$
Aba, Cheque book USD 10 (50 sheets) - Canadia 0$
How much is Interest Rate in normal Aba dollar account, Canadia have 0.75%.
Fixed Deposit
Minimum initial deposit Aba 100, Canadia 1000!
Interest rate 24mth $$$ Aba 5.75, Canadia 5.5.
Pardon my engrish, thanks you.
-
- Getting fan mail from French girls since 2016
- Reactions: 0
- Posts: 5415
- Joined: Thu Aug 25, 2011 8:13 pm
Same here with Canadia, no problem at all, even at a good currency rate, definitely one of the cheaper, if not the cheapest way to transfer money... Also my overseas bank has a very low service charge, basically nothing, i should check it but it's one or two €uro or so.raendi wrote:Every month i send money from my European account to to CB, i don't need to do/care anything about their intermediary bank.ilovetheinternet wrote:anyone use canadian bank? you have to transfer to a intermediary bank first before they transfer to here?
Disclaimer:Reading Khminglish can cause a persistent and seriously disturbed perception of reality...
ABA is better simply for the online access and ease of transfer with interest bearing account. I don't think a $20 minimum balance is a deterrent for many people.
"Those who can, do. Those who can't, teach. Those who can't teach, teach English."
Credit Jacked Camry & LTO
Credit Jacked Camry & LTO
does allow ABA Bank to open bank account to non residents too ?
-
- My Only Friend is my Computer
- Reactions: 0
- Posts: 728
- Joined: Mon Apr 07, 2014 2:32 pm
- Location: Phnom Penh
at the moment I m abroad an the idea is to open it during my next visitwalkjivefly wrote:Perhaps they do but if so you'll pay the non-resident tax rate on any interest. Why don't you go and try and report back how you get on?
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Open a bank account as a non-resident?
by WallaceScott » Fri Dec 13, 2019 6:00 pm » in Money, Banking and Insurance - 1 Replies
- 1404 Views
-
Last post by batshitcrazyweirdo
Fri Dec 13, 2019 11:08 pm
-
-
- 19 Replies
- 1751 Views
-
Last post by horace
Sat Jul 01, 2023 9:23 pm
-
- 6 Replies
- 2077 Views
-
Last post by ChannyHim
Fri Feb 21, 2020 10:43 pm
-
-
Visa run to Thailand to change T visa to E visa, plus Cambodian bank account
by MarkVNCB » Sun Aug 11, 2019 7:19 pm » in Questions and Answers - 4 Replies
- 6067 Views
-
Last post by Alex
Tue Aug 13, 2019 10:13 am
-