Opening Bank Acct & transfers in USD
-
- Tourist
- Posts: 10
- Joined: Fri Oct 13, 2017 3:46 pm
- Reputation: 0
Opening Bank Acct & transfers in USD
Is it possible to open a bank account that trades in USD only?
Can I transfer USD (via xe.com) to a bank account in Cambodia?
If so, which bank is best?
Can I transfer USD (via xe.com) to a bank account in Cambodia?
If so, which bank is best?
- hanno
- Expatriate
- Posts: 6811
- Joined: Fri May 16, 2014 12:37 pm
- Reputation: 3182
- Location: Phnom Penh
- Contact:
Re: Opening Bank Acct & transfers in USD
ANZ certainly does that. I have a Dollar account and have transferred USD into it.
Re: Opening Bank Acct & transfers in USD
I spoke with someone in ABA bank a couple of weeks ago and he confirmed that a USD account is possible, and that the bank is familiar with Xendpay, so transferring Euros from my French bank account would be trouble-free.
I guess that XE, therefore, would be fine.
As with many things in Cambodia though, just because it’s okay here (or so I’ve been told. It might not actually be so!), doesn’t mean it’s necessarily okay where you are though, so time spent asking probing questions in your bank of choice will be time well-spent!
I guess that XE, therefore, would be fine.
As with many things in Cambodia though, just because it’s okay here (or so I’ve been told. It might not actually be so!), doesn’t mean it’s necessarily okay where you are though, so time spent asking probing questions in your bank of choice will be time well-spent!
Milk was a bad choice
- timmydownawell
- Expatriate
- Posts: 3626
- Joined: Tue Mar 22, 2016 12:50 pm
- Reputation: 1454
Re: Opening Bank Acct & transfers in USD
I have an ABA account. Transfers to Cambodia via TT (telegraphic transfer) all go via intermediary banks who also take a cut, with a few exceptions. If you only need $500 to $1000 at a time there are some ATMs that don't charge a withdrawal fee (Maybank ATMs for some, but not all, Visa cards, and Vietnam's MB Bank ATMs for Mastercard, but the latter has very few ATMS)
You must walk in traffic to cross the road - Cambodian proverb
Re: Opening Bank Acct & transfers in USD
Do you have a current and/or savings account?timmydownawell wrote: ↑Thu Nov 30, 2017 5:30 pm I have an ABA account. Transfers to Cambodia via TT (telegraphic transfer) all go via intermediary banks who also take a cut, with a few exceptions. If you only need $500 to $1000 at a time there are some ATMs that don't charge a withdrawal fee (Maybank ATMs for some, but not all, Visa cards, and Vietnam's MB Bank ATMs for Mastercard, but the latter has very few ATMS)
What’s your experience of ABA in branch, and of their website/phone app?
Milk was a bad choice
Re: Opening Bank Acct & transfers in USD
ABA have the best/most user friendly Internet banking and mobile apps . I have a current, fixed deposit savings and a joint savings acct with them. Most helpful knowledgeable staff I've experienced (also have/had accts with Canadia and Acleda). Have $$ transferred into from abroad at least once a month, also send $$$ abroad regularly via ABA online banking.Jasper wrote: ↑Thu Nov 30, 2017 5:34 pmDo you have a current and/or savings account?timmydownawell wrote: ↑Thu Nov 30, 2017 5:30 pm I have an ABA account. Transfers to Cambodia via TT (telegraphic transfer) all go via intermediary banks who also take a cut, with a few exceptions. If you only need $500 to $1000 at a time there are some ATMs that don't charge a withdrawal fee (Maybank ATMs for some, but not all, Visa cards, and Vietnam's MB Bank ATMs for Mastercard, but the latter has very few ATMS)
What’s your experience of ABA in branch, and of their website/phone app?
Re: Opening Bank Acct & transfers in USD
Thanks for that.PSD-Kiwi wrote: ↑Thu Nov 30, 2017 6:17 pmABA have the best/most user friendly Internet banking and mobile apps . I have a current, fixed deposit savings and a joint savings acct with them. Most helpful knowledgeable staff I've experienced (also have/had accts with Canadia and Acleda). Have $$ transferred into from abroad at least once a month, also send $$$ abroad regularly via ABA online banking.Jasper wrote: ↑Thu Nov 30, 2017 5:34 pmDo you have a current and/or savings account?timmydownawell wrote: ↑Thu Nov 30, 2017 5:30 pm I have an ABA account. Transfers to Cambodia via TT (telegraphic transfer) all go via intermediary banks who also take a cut, with a few exceptions. If you only need $500 to $1000 at a time there are some ATMs that don't charge a withdrawal fee (Maybank ATMs for some, but not all, Visa cards, and Vietnam's MB Bank ATMs for Mastercard, but the latter has very few ATMS)
What’s your experience of ABA in branch, and of their website/phone app?
I reckon I’ll give them a shot.
Milk was a bad choice
- timmydownawell
- Expatriate
- Posts: 3626
- Joined: Tue Mar 22, 2016 12:50 pm
- Reputation: 1454
Re: Opening Bank Acct & transfers in USD
Yep, what PSD said. Even pay my electricity and water bills via the app.
You must walk in traffic to cross the road - Cambodian proverb
Re: Opening Bank Acct & transfers in USD
Cool, thanks.timmydownawell wrote: ↑Thu Nov 30, 2017 6:33 pm Yep, what PSD said. Even pay my electricity and water bills via the app.
One of the things that’s also swinging it for me is that it’s part of the National Bank of Canada, in case things go tits up!
Milk was a bad choice
-
- Expatriate
- Posts: 218
- Joined: Tue Nov 14, 2017 12:39 pm
- Reputation: 30
Re: Opening Bank Acct & transfers in USD
I also have an account with ABA and I'm very happy with them. Very professional in everything and excellent English spoken at branches.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 14 Replies
- 6696 Views
-
Last post by Josh_76
-
- 0 Replies
- 461 Views
-
Last post by Jasper
-
- 14 Replies
- 3428 Views
-
Last post by cautious colin
-
- 13 Replies
- 5168 Views
-
Last post by PSD-Kiwi
-
- 2 Replies
- 2398 Views
-
Last post by Spigzy
-
- 0 Replies
- 1828 Views
-
Last post by CEOCambodiaNews
Who is online
Users browsing this forum: drozd, EmpatheticUnicorn, Google [Bot], reggie perrin's dad, Semrush [Bot], Spigzy, Stravaiger and 614 guests