Requirements for Opening a Banking Account in Cambodia for Expats?
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Re: Requirements for Opening a Banking Account in Cambodia?
HSBC International require a minimum £60000 balance.AlonzoPartriz wrote:Do HSBC have any brances in Cambodia? I have heard it's the best international account to have for Vietnam etc. Countries where it's hard to get your money out of the country without having to dot all the i's and cross all the t's.
If so, does anyone know the conditions of opening an account here?
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Re: Requirements for Opening a Banking Account in Cambodia?
When I was last in the UK over two years ago the HSBC required £75,000 balance, and only money transfers above that amount were feasible because of their interest rate. I used the Halifax due to only £9 transfer fee on any amount.
Always "hope" but never "expect".
- timmydownawell
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Re: Requirements for Opening a Banking Account in Cambodia?
It's a shame they don't have a branch here... nearest is in Saigon.bolueeleh wrote: ↑Sat Jul 01, 2017 2:14 am citibank is the best international bank for money transfer, virtually free transfer everywhere from citi to citi, and they have branches in 130+ countries, even other international banks route through citi, and best for support, u open in 1 country, u go to another and hv problem they will assist, no questions asked
For Citi AU the Android app is terrible. The One Time PIN (OTP) you need to do virtually anything is absolutely useless. I used it once or twice with my Smart phone number then I would never receive the OTP SMSs, they insisted it must be a problem with Smart, so I got a second SIM from Metfone, and again it worked once then never again. So if I need to do anything I need to call them and speak to someone in the Philippines.
But for not having to pay fees for international transactions, yes they are good in that regard. I just wish they would open an office here.
You must walk in traffic to cross the road - Cambodian proverb
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Re: Requirements for Opening a Banking Account in Cambodia?
Thanks for that info. Can I ask whether you can transfer funds from one Citibank account say in Vietnam, and just transfer to another Citibank account, say in the UK, via Inet banking? If so, is the transfer instant, or would it take a few days?bolueeleh wrote: ↑Sat Jul 01, 2017 2:14 amcitibank is the best international bank for money transfer, virtually free transfer everywhere from citi to citi, and they have branches in 130+ countries, even other international banks route through citi, and best for support, u open in 1 country, u go to another and hv problem they will assist, no questions askedAlonzoPartriz wrote: ↑Fri Jun 30, 2017 8:57 pm Do HSBC have any brances in Cambodia? I have heard it's the best international account to have for Vietnam etc. Countries where it's hard to get your money out of the country without having to dot all the i's and cross all the t's.
If so, does anyone know the conditions of opening an account here?
See crook!!!
- bolueeleh
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Re: Requirements for Opening a Banking Account in Cambodia?
i trsf from hong kong and singapore to vietnam before, it takes less than 2 daysAlonzoPartriz wrote: ↑Sat Jul 01, 2017 10:22 amThanks for that info. Can I ask whether you can transfer funds from one Citibank account say in Vietnam, and just transfer to another Citibank account, say in the UK, via Inet banking? If so, is the transfer instant, or would it take a few days?bolueeleh wrote: ↑Sat Jul 01, 2017 2:14 amcitibank is the best international bank for money transfer, virtually free transfer everywhere from citi to citi, and they have branches in 130+ countries, even other international banks route through citi, and best for support, u open in 1 country, u go to another and hv problem they will assist, no questions askedAlonzoPartriz wrote: ↑Fri Jun 30, 2017 8:57 pm Do HSBC have any brances in Cambodia? I have heard it's the best international account to have for Vietnam etc. Countries where it's hard to get your money out of the country without having to dot all the i's and cross all the t's.
If so, does anyone know the conditions of opening an account here?
Money is not the problem, the problem is no money
- bolueeleh
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Re: Requirements for Opening a Banking Account in Cambodia?
yep because KOW market is to small to validate a branch, that may change soon thoughtimmydownawell wrote: ↑Sat Jul 01, 2017 9:30 amIt's a shame they don't have a branch here... nearest is in Saigon.bolueeleh wrote: ↑Sat Jul 01, 2017 2:14 am citibank is the best international bank for money transfer, virtually free transfer everywhere from citi to citi, and they have branches in 130+ countries, even other international banks route through citi, and best for support, u open in 1 country, u go to another and hv problem they will assist, no questions asked
For Citi AU the Android app is terrible. The One Time PIN (OTP) you need to do virtually anything is absolutely useless. I used it once or twice with my Smart phone number then I would never receive the OTP SMSs, they insisted it must be a problem with Smart, so I got a second SIM from Metfone, and again it worked once then never again. So if I need to do anything I need to call them and speak to someone in the Philippines.
But for not having to pay fees for international transactions, yes they are good in that regard. I just wish they would open an office here.
Money is not the problem, the problem is no money
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