Experience with Bred Bank

rockyboy612 · Post by **rockyboy612** » Wed Jul 21, 2021 5:09 pm

I recently opened a personal savings account in preparation for an employment with a company. They seem to be super slow and have a very dodgy process.

1. they allowed me to open the account based on screenshots of my address
2. they told me to deposit the money, gave a deposit slip then told me to wait tmrw
3. I followed up the next day says wait till the evening - did not happen
4. I followed up the 3rd day says evening again, then continued to ignore me the whole day
5. I tried going to the branch (Norodom) but found it's closed where clearly a giant sign outside says 8am to 8pm

This feels very familiar as a traditional khmer style operations where mistakes happen and people are left out to wonder.

Anyone with similar experience?

The Judge · Post by **The Judge** » Wed Jul 21, 2021 6:03 pm

Never even heard of that bank, but I don't live anywhere close to that area either.

Curious, many employers will direct you to the bank they use, and sometimes have a rep come to the business to facilitate account opening paperwork if multiple new employees have just started.

Was there a reason you chose not to use any of the more reputable banks (ANZ, ABA, ACLEDA, Canadia, and others)?

I hope your initial deposit was a small one!

Post by **Clutch Cargo** » Wed Jul 21, 2021 6:04 pm

I don't know about opening an account there but I've used my OZ debit card to withdraw from my OZ bank accounts from their ATMs.

They have the highest daily withdrawal limit of $US1500 for me that I know of and local ATM fee of only $US4. So on that score, it gets the

from me. Many of the others have a lower limits of $USD1000 or even less and charge $USD5-6 for ATM fee.

Nevertheless, following your (or others) experience opening and maintaining an account there.

Post by **Clutch Cargo** » Wed Jul 21, 2021 6:09 pm

The Judge wrote: ↑Wed Jul 21, 2021 6:03 pm Was there a reason you chose not to use any of the more reputable banks (ANZ, ABA, ACLEDA, Canadia, and others)?

Bred is a French bank. Why would they be any less reputable than the locals?

Spigzy · Post by **Spigzy** » Wed Jul 21, 2021 6:10 pm

It's a French bank, running in Cambodia, what did you expect? Relax!!

#LeTired

The Judge · Post by **The Judge** » Wed Jul 21, 2021 6:11 pm

clutchcargo wrote: ↑Wed Jul 21, 2021 6:09 pm
The Judge wrote: ↑Wed Jul 21, 2021 6:03 pm Was there a reason you chose not to use any of the more reputable banks (ANZ, ABA, ACLEDA, Canadia, and others)?
Bred is a French bank. Why would they be any less reputable than the locals?

I said I had never heard of it. Should I have said 'more popular in Cambodia'?

Post by **Clutch Cargo** » Wed Jul 21, 2021 6:34 pm

The Judge wrote: ↑Wed Jul 21, 2021 6:11 pm
clutchcargo wrote: ↑Wed Jul 21, 2021 6:09 pm
The Judge wrote: ↑Wed Jul 21, 2021 6:03 pm Was there a reason you chose not to use any of the more reputable banks (ANZ, ABA, ACLEDA, Canadia, and others)?
Bred is a French bank. Why would they be any less reputable than the locals?
I said I had never heard of it. Should I have said 'more popular in Cambodia'?

It's interesting really coz Bred bank is a relatively new entrant to Cambodia (I've only noticed them in the last 2 years I think). Then again ABA is owned by a Canadian Bank, Acleda a Thai bank, Sathapana is a Japanese bank, Hattha Kaksekar owned by Thai bank, Maybank a Malaysian bank etc etc

I dunno whether keeping the parent bank's brand name makes a difference but I would think so..reputation wise. Then again, I have no idea of Bred's reputation in France..maybe one for @Ghostwriter

Bitte_Kein_Lexus · Post by **Bitte_Kein_Lexus** » Wed Jul 21, 2021 7:21 pm

I don't think the Norodom spot is an actual branch, but rather their corporate office. At least that's the vibe I get from it.

Ghostwriter · Post by **Ghostwriter** » Wed Jul 21, 2021 11:22 pm

BRED is the ex- Banque Populaire + Natixis basically.
Banque Populaire is fine as far as i can say, Natixis is dodgy though. Big losses and shady investments.
About a Cambodian branch missteps....well, you know. Are Apple stores in L.A and PP delivering the same level of service and satisfaction ?
Mmmh, should, but didn't think so.

PSD-Kiwi · Post by **PSD-Kiwi** » Thu Jul 22, 2021 1:40 am

The Judge wrote: ↑Wed Jul 21, 2021 6:03 pm ... (ANZ...

ANZ Cambodia ceased to exist in 2019

Experience with Bred Bank

Experience with Bred Bank

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