Can I open a bank account in Cambodia?

With the strong rise of Cambodia's economy, more and more China people began to realize Cambodia's investment advantages and came up with the idea of investing in buying a house in Cambodia. Whether doing business or investing in real estate in Cambodia, it is essential to have a local bank account.

ABA Bank is one of the five largest banks in Cambodia. It is convenient for foreigners to open an account in Aba Bank. As long as you hold a tourist visa, passport and deposit 50 dollars, you can get a bank passbook on the spot.

If you need to open online banking, you need to stay in Cambodia for at least 3-5 working days.

Ka Wah Bank is the largest local bank in Cambodia. Foreigners need to stay in Ka Wah Bank for three months to open an account, so it is impossible for China people to apply for a tourist visa, because the tourist visa only has a one-month residence period, and they must apply for a business visa to open an account in Ka Wah Bank.

Information required for opening an account: three-month residence visa, passport, deposit and withdrawal of a certain amount of US dollars, and Ka Wah Bank requires 10 or more.

You can get the passbook at the bank site, and the bank card will take more than ten days to complete. The bank card is a Visa card, which can be used to withdraw money worldwide.

In Cambodia, you can withdraw money from ATMs in Canada or other banks. The maximum daily withdrawal from other banks is $ 1000, and the handling fee for a withdrawal is $5. When shopping by credit card, the maximum daily charge is no more than $2500.

China Industrial and Commercial Bank Phnom Penh Branch/Bank of China (Hongkong) can withdraw money directly by credit card. The account is deposited in US dollars, and RMB can be withdrawn directly in China. And you can open a passbook and a savings card at the account opening site. Cross-bank withdrawals will also be charged a handling fee, and online bank transfers can also be operated.