ATM Fees & Obtaining a Local Bank Account

Nobby Stiles · Post by **Nobby Stiles** » Wed Jun 20, 2018 3:25 pm

Kammekor wrote: ↑Wed Jun 20, 2018 3:05 pm
Nobby Stiles wrote: ↑Wed Jun 20, 2018 3:01 pm
Kammekor wrote: ↑Wed Jun 20, 2018 8:36 am
Nobby Stiles wrote: ↑Wed Jun 20, 2018 2:45 am Also when i first visited Cambodia many years ago i was told that Canadia Bank there did not charge a local fee for using their ATMs with a foreign card, is this correct and still the case????
That used to be correct, in 2009, maybe 2010. Now they charge 5-10 USD if I remember correctly. After introducing that kind of fee they went of my radar.
May i ask your nationality please as i heard a STORY that only American ATM cards were now being charged a fee at Canadia bank ATMs but British and European cards were still fee free? Can anyone confirm this????
EU ATM card, charged. But last time was I used it was in about 2014 I guess. Maybe they made it free again..... Just maybe....

Which are the best ATMs to use then? who charges the smallest fee? $5-10 is far too much a charge! Whats the pull limit per transaction? Or does that vary between banks, because that would need to be factored in to deduce which machines are the best value?

Hate being charged to access my own money, its just a double hit with the exchange rate too!

Nobby Stiles · Post by **Nobby Stiles** » Wed Jun 20, 2018 3:28 pm

Kammekor wrote: ↑Wed Jun 20, 2018 3:24 pm
Nobby Stiles wrote: ↑Wed Jun 20, 2018 3:16 pm
BklynBoy wrote: ↑Wed Jun 20, 2018 4:39 am I think Jamie helped me w/ this question previously but always scared to have limited funds while money is in transit digitally. One option is to carry cash but also somewhat risky.
Yes cash is definitely king! But as you've mentioned somewhat risky to stash or carry large amounts of cash around, but when i do finally arrive there i will have some cash (declared £) with me that i would be looking to change up and get into a bank account asap.

In the meantime i will have it safely (hopefully) plotted up in a Pax safe in the Guesthouse safe, this family guesthouse has been my home in PP on all my recent visits and was a recommendation from a longtime personal friend of the family, so I'm fairly confidant it'll be safe.

This leads me on to my next question, where is a money changers in PP that i can change my £ Sterling into US $ at a decent rate, preferably better than that i can get here in the Uk?

Regards

Mr N Stiles
Around the Central Market (Psar Thmey) you will the places with the best rates. Check the bills they give you thoroughly though, if you receive damaged bills those will be denied by the bank and most sellers. You might also consider transferring Pounds from your UK account into your new Cambodian account.

Yes bank transfers will be my goal but will have some cash on arrival to change!

Thanks for the info!

Kammekor · Post by **Kammekor** » Wed Jun 20, 2018 3:30 pm

I don't know. I stopped using my EU ATM cards a few years ago. Too expensive. In Thailand about 180 THB to get 18.000 THB and in Cambodia 5-10 USD to get 500 USD. Local cards provide me with free withdrawals.

Withdrawal limits are hard to predict. The limit can be set by the bank in Cambodia, but also by your bank back home.

PSD-Kiwi · Post by **PSD-Kiwi** » Wed Jun 20, 2018 6:23 pm

Wow...Nobby, you are thinking way too much about this...K.I.S.S...

Bring enough cash to get you through first couple weeks
Open bank account with ABA, set up internet banking and mobile app
Transfer money from home bank acct to ABA acct via SWIFT transfer
Use ABA card in ABA ATMs to withdraw cash as needed, no fees.

Simple

that genius · Post by **that genius** » Wed Jun 20, 2018 6:25 pm

PSD-Kiwi wrote: ↑Wed Jun 20, 2018 6:23 pm Wow...Nobby, you are thinking way too much about this...K.I.S.S...

Bring enough cash to get you through first couple weeks
AND DON"T KEEP IT ON YOU IF YOU GO DRINKING/CRUISING
Open bank account with ABA, set up internet banking and mobile app
Transfer money from home bank acct to ABA acct via SWIFT transfer
Use ABA card in ABA ATMs to withdraw cash as needed, no fees.

Simple

FTFY

Nobby Stiles · Post by **Nobby Stiles** » Wed Jun 20, 2018 10:23 pm

PSD-Kiwi wrote: ↑Wed Jun 20, 2018 6:23 pm Wow...Nobby, you are thinking way too much about this...K.I.S.S...

Bring enough cash to get you through first couple weeks
Open bank account with ABA, set up internet banking and mobile app
Transfer money from home bank acct to ABA acct via SWIFT transfer
Use ABA card in ABA ATMs to withdraw cash as needed, no fees.

Simple

So what happens if i lose my one ATM card from ABA bank on a Friday evening? Yes they will issue me a replacement but when??? Sorry mate but i don't really think you can overthink your financial situation when moving abroad! I like to have a few cost effective options in place for when the shit hits the fan! And just because I've found a few along the way i never stop looking!

Cheers

Mr N Stiles.

PSD-Kiwi · Post by **PSD-Kiwi** » Wed Jun 20, 2018 10:32 pm

If you lose your card, use the app to issue a virtual card which enables you to withdraw money from an ABA ATM....BOOOOM!

Or, just go into the bank on Sat morning, ABA are open till midday on Saturdays.

Or, just don't lose your card

But, if you're really that worried about losing your card, open an account with another local bank with some backup funds for the weekend, just in case.

Arget · Post by **Arget** » Wed Jun 20, 2018 10:42 pm

Not fucking rocket science..................

I have an ABA account and another linked to a card from home. Plan a simple backup.

FFS

Nobby Stiles · Post by **Nobby Stiles** » Wed Jun 20, 2018 10:42 pm

I must say this ABA app sounds great!
And don’t worry I will have plenty of options if I lose my card or it get swallowed up by one of the machines!

Thanks for all the info it really is greatly received.

Post by **Jamie_Lambo** » Wed Jun 20, 2018 10:45 pm

PSD-Kiwi wrote: ↑Wed Jun 20, 2018 10:32 pm If you lose your card, use the app to issue a virtual card which enables you to withdraw money from an ABA ATM....BOOOOM!

Or, just go into the bank on Sat morning, ABA are open till midday on Saturdays.

Or, just don't lose your card

But, if you're really that worried about losing your card, open an account with another local bank with some backup funds for the weekend, just in case.

my ABA is linked to an old number, so i cant verify it on my latest phone/number, is there a way around this? like going into the bank and asking them to change my number on my file and to re set up my app? have i answered my own question?

ATM Fees & Obtaining a Local Bank Account

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Re: ATM Fees & Obtaining a Local Bank Account

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