What are the options?

Which are the best ways of getting earned income or savings from the UK to a bank in Cambodia?

Tax either end?

Sterling to Dollar

Keeping a Dollar account here and using the ATM , against bank transfer?

Charges?

Cheapest (Charges UK, Cambodian or Other banks)

Lots of advice welcome

Many thanks

After fiddling with a couple of options (carrying currency, transfer for cash for a friend, Western Union, PayPal) we found that the fastest and cheapest option is bank-to-bank international transfer. Takes about two business days from our Australian ANZ account to our Canadia account, $24 charge from the home end, no charges at this end. Our home account allows us to transfer in USD at the prevailing rate.

StroppyChops wrote:After fiddling with a couple of options (carrying currency, transfer for cash for a friend, Western Union, PayPal) we found that the fastest and cheapest option is bank-to-bank international transfer. Takes about two business days from our Australian ANZ account to our Canadia account, $24 charge from the home end, no charges at this end. Our home account allows us to transfer in USD at the prevailing rate.

Many thanks

StroppyChops wrote: no charges at this end.

SC, are you sure about that? I also regularly transfer money from my ANZ Aus acct to my Canadia acct and am always charged an inward remittance fee from Canadia. If you definitely aren't being charged at this end, please let me in on your secret.

Edit: Here are the fees charged by Canadia Bank.

http://www.canadiabank.com.kh/swift.aspx

and here are ABA's.

https://www.ababank.com/personal/money- ... transfers/


OP...SWIFT transfers are the easiest, safest, cheapest option IMO, especially if you have internet banking which allows you to make international transfers and you should be able to choose the currency you want to transfer in, as SC said.

I have bank accounts with Canadia, Acleda and ABA in Cambodia. I highly recommend ABA, their internet banking is excellent, whereas Canadias is useless and Acledas is non-existent. ABA and Acleda both offer Visa and/or Mastercard Debit Cards, Canadia does not.

Thanks

EdinWigan wrote:Thanks

Just edited my post FYI, see above.

PSD-Kiwi wrote:

StroppyChops wrote: no charges at this end.

SC, are you sure about that?/quote]
Well I was, but I'm not now... I'll get the passbook updated and look for charges. Thanks for the heads-up.

Anyone know if Canadia charges to use an ABA ATM?

StroppyChops wrote:Anyone know if Canadia charges to use an ABA ATM?

Yes, ATM transactions with a Canadia card are only free at Canadia ATMs.

PSD-Kiwi wrote:

StroppyChops wrote:Anyone know if Canadia charges to use an ABA ATM?

Yes, ATM transactions with a Canadia card are only free at Canadia ATMs.

Which is unfortunate as Canadia ATMs rarely work.

EdinWigan wrote:What are the options?

Which are the best ways of getting earned income or savings from the UK to a bank in Cambodia?

Tax either end?

Sterling to Dollar

Keeping a Dollar account here and using the ATM , against bank transfer?

Charges?

Cheapest (Charges UK, Cambodian or Other banks)

Lots of advice welcome

Many thanks

Try this firm;
http://www.rationalfx.com/
Used them before for a number of years, never had any problems and great rates.
You need a bank account in PP to transfer to but open RFX account with and while have UK credentials which is linked to your UK card.
It's all online after that. You can be anywhere and transfer your dosh.
Their first limit without further enquiry is £2,500.00, anything at £2,450 is automatic transfer