greetings.

having fallen in love with the country and its people on a visit last year, I'm now planning a long-term move to Cambodia.

I would like to start or buy a business, but I have a technical question: what is the best/easiest/fastest way to transfer a large sum of money (enough to make a down payment on a business purchase) to Cambo? Travellers' cheques, a wire, a counter withdrawal?

thx,

agenius wrote:greetings.

having fallen in love with the country and its people



on a visit last year, I'm now planning a long-term move to Cambodia.

I would like to start or buy a business, but I have a technical question: what is the best/easiest/fastest way to transfer a large sum of money (enough to make a down payment on a business purchase) to Cambo? Travellers' cheques, a wire, a counter withdrawal?

thx,

Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.

Open a bank account with ABA (or another Cambodian bank, but I highly recommend ABA), then do an International transfer from your home account to your Cambodian account, simple.

PSD-Kiwi wrote:Open a bank account with ABA (or another Cambodian bank, but I highly recommend ABA), then do an International transfer from your home account to your Cambodian account, simple.

I want to know the answer to this as well.

I opened an account at ABA Bank, but a transfer from my Australian account via SWIFT went via an intermediary bank who charged a % based fee which was less than ideal. There's got to be a cheaper way.

timmydownawell wrote:

PSD-Kiwi wrote:Open a bank account with ABA (or another Cambodian bank, but I highly recommend ABA), then do an International transfer from your home account to your Cambodian account, simple.

I want to know the answer to this as well.

I opened an account at ABA Bank, but a transfer from my Australian account via SWIFT went via an intermediary bank who charged a % based fee which was less than ideal. There's got to be a cheaper way.

Open an account with ABA, then open up an account with RFX (if youre in UK) get into contact with them to do all the security checks and tell them your situation and ask for no cash limit, then just transfer as much money as you like, ive used them a lot, they give a very good exchange rate and their handling fee is about £5, i did have a few blips with them due to security checks but got it sorted in the end, it is a good way to get sums of money across with minimal fees

I previously used UCB and it was easy with minimal expense.

why ABA bank, of all banks? Others have recommended Canadia (no withdrawal fee if you use their cards on their ATMs)..

agenius wrote:why ABA bank, of all banks? Others have recommended Canadia (no withdrawal fee if you use their cards on their ATMs)..

The ease of opening an account, their internet banking, option for Visa or MasterCard debit cards, plenty of ATMs, their customer service, just to name a few.

I have accounts with ABA, Acleda and Canadia...but I always recommend ABA out of the 3.

agenius wrote:why ABA bank, of all banks? Others have recommended Canadia (no withdrawal fee if you use their cards on their ATMs)..

? No charge for using ABA card at ABA ATMs either. And ABA ATMS are everywhere. EVERYWHERE.

timmydownawell wrote:

agenius wrote:why ABA bank, of all banks? Others have recommended Canadia (no withdrawal fee if you use their cards on their ATMs)..

? No charge for using ABA card at ABA ATMs either. And ABA ATMS are everywhere. EVERYWHERE.

yeah ABA ATMs are everywhere, i see more ABA ATMs than any other ATM, probably followed by ANZroyal