+44 7393 450837
advice@adamfayed.com
Follow on

How To Receive Money Into Cambodia part 1 – Top 10 Banks for Expats

How To Receive Money Into Cambodia part 1 – that will be the topic of today’s article.

For any questions, or if you are looking to invest as an expat, you can contact me using this form, or via advice@adamfayed.com 

Introduction

There are a few ways in which you can receive money in Cambodia. The most common way is through an international transfer, such as Western Union or MoneyGram. You can also receive money by cheque or bank draft, but this method is becoming less popular.

26667843355 01f567216e b
How To Receive Money Into Cambodia part 1 - Top 10 Banks for Expats 7

If you are transferring money from abroad, the process is relatively simple. You will need to provide the sender with your name, address, and bank account details. The money will be transferred into your account, and you can then withdraw it in Cambodian riel or US dollars.

However, if you receive a cheque or bank draft, the process is a little more complicated. You will need to go to a bank and deposit the cheque or bank draft into your account. The bank will then convert the money into Cambodian riel.

It is important to note that you may be charged a fee for receiving money into Cambodia, so make sure you know the charges involved. Receiving money into Cambodia can be a little complicated, but with the right information, it’s not too difficult.

In this article, we will walk you through receiving money in Cambodia. Aside from this fact, you’ll understand the best fintech in the country. That being said, we have also compiled the best banks for expats in Cambodia. Would you love to check what we’ve unleashed? Am I sure that sounds like a yes? Well, read further!

Top 10 Banks for Expats in Cambodia

When it comes to banking, Cambodia has a lot to offer expats. There are several banks with branches in Phnom Penh and other major towns that provide excellent services for foreigners. Here is a list of the 10 best banks for expats in Cambodia.

Canadia Bank

Canadia Bank is one of the largest and most well-known banks in Cambodia. It has branches in Phnom Penh, Siem Reap, and Sihanoukville and offers a wide range of services for expats, including wire transfers, currency exchange, and loans. Also, Canadia Bank offers several English-language services, making it ideal for foreigners.

ACLEDA Bank

ACLEDA Bank is another large bank in Cambodia with branches throughout the country. It offers a wide range of services, including foreign currency exchange, loans, and credit cards. ACLEDA also has an extensive ATM network, making it easy to withdraw cash. Besides, all of the bank’s branches have English-speaking staff members.

ANZ Royal Bank

20200430 Chi Jin ANZ 600x400 1

ANZ Royal Bank is a well-established bank in Cambodia with branches in Phnom Penh, Siem Reap, and Sihanoukville. It offers a wide range of services, including foreign currency exchange, loans, and credit cards. ANZ Royal also has an extensive ATM network. This way, you can always get your hands on some cash when you need it.

ABA Bank

ABA Bank is a smaller bank in Cambodia, but it offers excellent services for expats. It has branches in Phnom Penh, Siem Reap, and Sihanoukville and offers various foreign currency exchange services. ABA Bank is also one of the few Cambodian banks that offer online banking.

Cambodia Angkor Bank

Cambodia Angkor Bank is a bank focusing on small and medium-sized businesses. It has branches in Phnom Penh, and Siem Reap and offers a wide range of services, including foreign currency exchange, loans, and credit cards. Cambodia Angkor Bank is also one of the few Cambodian banks that offer online banking.

KREDIT BANK

KREDIT BANK is a bank with a focus on small and medium-sized businesses. It has branches in Phnom Penh, Siem Reap, and Sihanoukville and offers various services, including foreign currency exchange, loans, and credit cards. KREDIT BANK is also one of the few Cambodian banks that offer online banking.

Mekong Bank

7543405072 12f5c3ede2 b
How To Receive Money Into Cambodia part 1 - Top 10 Banks for Expats 8

Mekong Bank is a bank with a focus on small and medium-sized businesses. It has branches in Phnom Penh, and Siem Reap and offers a wide range of services, including foreign currency exchange, loans, and credit cards. Mekong Bank is also one of the few Cambodian banks that offer online banking.

Phnom Penh Commercial Bank

Phnom Penh Commercial Bank is a bank focusing on small and medium-sized businesses. It has branches in Phnom Penh, and Siem Reap and offers a wide range of services, including foreign currency exchange, loans, and credit cards. Phnom Penh Commercial Bank is also one of the few Cambodian banks that offer online banking.

Union Commercial Bank

Union Commercial Bank is a bank focusing on small and medium-sized businesses. It has branches in Phnom Penh, and Siem Reap and offers a wide range of services, including foreign currency exchange, loans, and credit cards. Union Commercial Bank is also one of the few Cambodian banks that offer online banking.

Campu Bank

Campu Bank is a bank with a focus on small and medium-sized businesses. It has branches in Phnom Penh, Siem Reap, and Sihanoukville and offers various services, including foreign currency exchange, loans, and credit cards. Campu Bank is also one of the few Cambodian banks that offer online banking.

Best Ways to Receive Money in Cambodia

Cambodia is a country that is quickly growing in popularity for tourists, and with good reason. There are many amazing things to see and do in Cambodia, from exploring the temples of Angkor Wat to enjoying the beautiful beaches.

While traveling in Cambodia, you will likely need to receive money from time to time. Whether you need to pay for a taxi, buy some souvenirs, or just have some cash on hand for emergencies, here are some of the ways to receive money in Cambodia.

istockphoto 1224768616 612x612 1
How To Receive Money Into Cambodia part 1 - Top 10 Banks for Expats 9

Cash

Cash is the most common way to receive money in Cambodia. You can easily withdraw cash from ATMs using your debit or credit card, or you can exchange your currency for Cambodian riel at a currency exchange booth. In fact, many businesses in Cambodia only accept cash.

Credit Cards

Credit cards are becoming more and more popular in Cambodia and are accepted at many hotels, restaurants, and stores. However, not all businesses accept credit cards, so it is always a good idea to have some cash on hand. Therefore, it is a good idea to have both a credit card and some cash when traveling in Cambodia.

Traveler’s Checks

Traveler’s checks were once a popular way to receive money while traveling, but they are becoming less and less common. Many businesses in Cambodia no longer accept traveler’s checks, so it is best to avoid using them if possible. Moreover, traveler’s checks can be difficult to cash in, so it is not always the most convenient way to receive money.

PayPal

PayPal is a popular online payment system accepted in many countries, including Cambodia. If you have a PayPal account, you can easily send and receive money from anywhere in the world. This can be a convenient way to receive money while traveling, especially if you do a lot of online shopping.

Bitcoin

Consider These Easy Ways To Get Free Bitcoins
How To Receive Money Into Cambodia part 1 - Top 10 Banks for Expats 10

Bitcoin is a digital currency that is quickly growing in popularity. It is accepted in many countries, including Cambodia, and can purchase goods and services online. If you are interested in using Bitcoin, there are many Bitcoin ATMs.

ATM Cards

Like in many other countries, ATM cards are a very popular way to receive money in Cambodia. There are many ATMs throughout the country, and they accept both debit and credit cards. This is a very convenient way to get cash when you need it.

E-Wallets

digital wallets 052721
Mobile payment with wallet app and wireless nfc technology. Man paying and shopping with smartphone application and credit card information. Digital money transfer, banking and e commerce concept.

E-Wallets are a relatively new way to receive money, and they are becoming increasingly popular in Cambodia. There are many different e-wallets available, such as Alipay, WeChat Pay, and M-Pesa. These e-wallets allow you to store your money digitally and easily transfer it to others. This can be a convenient way to receive and spend money while traveling.

Bank Transfers

Bank transfers are another popular way to receive money in Cambodia. Many banks in the country offer wire transfer services, and it is a quick and easy way to get money from one place to another. However, bank transfers can be expensive, so it is important to compare rates before choosing this option.

Gold

Gold is becoming an increasingly popular way to receive money in Cambodia. There are many gold shops throughout the country, and they will exchange your currency for gold. This can be a convenient way to store your money, and it is a very safe option. However, it is important to remember that gold prices can fluctuate, so you may not get the best exchange rate.

Pained by financial indecision? Want to invest with Adam?

Adam is an internationally recognised author on financial matters, with over 373.5 million answers views on Quora.com and a widely sold book on Amazon

This website is not designed for American resident readers, or for people from any country where buying investments or distributing such information is illegal. This website is not a solicitation to invest, nor tax, legal, financial or investment advice. We only deal with investors who are expats or high-net-worth/self-certified  individuals, on a non-solicitation basis. Not for the retail market.

SUBSCRIBE TO ADAM FAYED JOIN COUNTLESS HIGH NET WORTH SUBSCRIBERS

SUBSCRIBE TO ADAM FAYED JOIN COUNTLESS HIGH NET WORTH SUBSCRIBERS

Gain free access to Adam’s two expat books.

Gain free access to Adam’s two expat books.

Get more strategies every week on how to be more productive with your finances.