How did you handle your finances for the first 6 months?

Ask us anything. Cambodia Expat's Online has a huge community of long term expats that can answer any question you may have about life in Cambodia. Have some questions you want to ask before you move to Cambodia? Ask them here. Our community can also answer any questions you have about how to find a job or what kind of work is available for expats in Cambodia, whether you're looking for info about Phnom Penh, Siem Reap or anywhere else in the Kingdom. Don't be shy, ask CEO's members anything!
User avatar
programmer
Expatriate
Posts: 58
Joined: Sat Jul 06, 2019 4:09 pm
Reputation: 2
United States of America

How did you handle your finances for the first 6 months?

Post by programmer »

My understanding is I need to show 6 months of residence before being able to open a bank account at ABA or other Cambodian banks. I have accounts in Thailand and the US right now. I plan to come on a tourist visa and then switch to either business or ER depending on what is best for me as a 34 year old.

For the first 6 months how did you guys handle your finances? I suppose the only option is bringing some cash or traveler's checks, and then using ATMs with bad forex rates and other fees unless you have one of those ATM reimbursing banks' cards?
Anchor Moy
Expatriate
Posts: 11426
Joined: Wed May 28, 2014 11:37 pm
Reputation: 2586
Tokelau

Re: How did you handle your finances for the first 6 months?

Post by Anchor Moy »

programmer wrote: Sat Oct 12, 2019 1:31 am My understanding is I need to show 6 months of residence before being able to open a bank account at ABA or other Cambodian banks. I have accounts in Thailand and the US right now. I plan to come on a tourist visa and then switch to either business or ER depending on what is best for me as a 34 year old.

For the first 6 months how did you guys handle your finances? I suppose the only option is bringing some cash or traveler's checks, and then using ATMs with bad forex rates and other fees unless you have one of those ATM reimbursing banks' cards?
No, I'm pretty sure that you don't need six months residence to open a bank account. AFAIK, you need a business/ordinary visa ( with maybe a 6-12 month visa extension ?) and an address in Cambodia to open an account .
That's from what I remember when I opened an account myself, but other people here will correct me if that's no longer the case.
samrong01
Expatriate
Posts: 335
Joined: Fri Mar 02, 2018 5:37 pm
Reputation: 177
New Zealand

Re: How did you handle your finances for the first 6 months?

Post by samrong01 »

You cant open a bank account with a tourist visa. Get an ordinary visa on arrival then 6 or 12 month extension. Then no problem at most banks. In Siem Reap no need for address (there are none) - maybe needed in Phnom Penh.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: Arget, lagrange, Ot Mean Loi and 151 guests