Close

Cambodia's Oddball Banks

Has anyone used Phillip Bank, MayBank, Hong Leong? They seem odd because Acleda is everywhere along with AZN, ABA, Canadia, and Vattanac. What are these smaller banks. Hong Leong a big presence in the theater area at AEON. Are these banks any good? Should I open an account with them? My current account is through Navy Federal Credit Union in the US, so I get charged a bunch of fees for Visa use, as well at pulling out $$ at ATMs ABA charged $5, but Navy hit me with $4 on top of that. $9!!

From my personal experience ABA and Canadia are the banks to go for. Accleda is very expensive (exchange rates when getting money from abroad), ANZ was ok but it is closing offices everywhere, Hong Leong is Malaysian as far as I know.

I have a Canadia account and I'm very satisfied, staff speaks English and is very friendly and helpful.

Hope this helps.

Canadia Bank is well known (well; at least within Canada...LOL) and--in my opinion--is a pretty good bank in which to open an account (especially for a foreigner).  The only requisites to open an account is:

1)  $10 USD     2)  a US Passport    3)  current local address (and my friend; that is all that is required).

Other banks (such as Acleda or ABA bank)  either require much higher deposits or a signed contract (to show local employment).

As you have already experienced; any bank not affiliated with the local banks (within Cambodia) will not only charge high ATM fees but--for expats who's bank is located at home (in their own country)--they will also expect to pay "foreign ATM fees" AND international transaction/conversion fees (usually 3% of the withdrawal).

Good luck in finding a new local bank in the area.  Again, investigate Canadia when you have a chance......

--Antonio

For my self I use Alceda for Local biz and ABA for foreign. Other no idear

Sarath

So, someone private messaged me and come to find out... Philip Bank is owned by a super rich family from Singapore. It is Singaporean

again for my idea, don't about the bank from which country branding from where or own by which country. Please try to check a few Bank aster you can see which one is offer the policy that representable for you. To open Bank not much requirement docu paper. just Business visa period from 3 months

New topic

Expatriate health insurance in Cambodia

Free advice and quotation service to choose an expat health insurance in Cambodia

Moving to Cambodia

Find tips from professionals about moving to Cambodia

Travel insurance in Cambodia

Enjoy a stress-free travel across Cambodia

Flights to Cambodia

Find the best prices for your flight tickets to Cambodia