Banks in Cambodia

To open a bank account in Cambodia, you typically need a valid passport (for foreigners) or national ID (for Cambodians), a visa or work permit if applicable, proof of address such as a utility bill or rental agreement, and sometimes a reference letter from your employer. Requirements may vary by bank.

Yes, foreigners can open bank accounts in Cambodia. Most major banks accept foreign customers with valid passports and appropriate visas. Some banks may require additional documentation such as a work permit or business registration for certain account types.

Bank fees vary by institution but typically include monthly maintenance fees ($1-5), ATM withdrawal fees ($1-3 for other bank ATMs), international transfer fees ($15-50), and card issuance fees. Many banks waive fees for premium accounts or minimum balance holders.

Most Cambodian banks offer multi-currency accounts supporting USD, KHR (Cambodian Riel), and sometimes THB (Thai Baht). USD is the most commonly used currency for transactions and savings in Cambodia.

International transfers can be made through bank wire transfers using SWIFT codes, online banking platforms, or services like Wise and Western Union. You'll need the recipient's bank details including their SWIFT code, account number, and bank address.