Introduction
Opening a bank account in Cambodia is relatively easy for foreigners, making it a popular destination for expats and digital nomads. Most banks offer USD accounts, which is convenient for international transactions.
Popular Banks for Expats
- ABA Bank - Best mobile banking app, modern services
- ACLEDA Bank - Largest branch network, established reputation
- Canadia Bank - Good for business accounts
- Wing Bank - Best for mobile payments and transfers
- Phillip Bank - Reliable services with competitive rates
Required Documents
For Foreigners
- Valid passport with at least 6 months validity
- Visa (business or long-term visa preferred)
- Proof of address (rental contract, utility bill)
- Initial deposit (varies by bank, usually $10-100)
Additional for Business Accounts
- Business registration documents
- Company stamp
- Board resolution (for companies)
Step-by-Step Process
Step 1: Choose Your Bank
Research banks based on your needs - mobile banking, branch locations, fees, and services.
Step 2: Visit a Branch
Bring all required documents. Staff usually speak English at main branches.
Step 3: Fill Out Application
Complete the account opening form. The bank will verify your documents.
Step 4: Make Initial Deposit
Deposit the minimum required amount to activate your account.
Step 5: Receive Your Card
Debit cards are usually issued immediately or within 1-2 business days.
Tips for Expats
- Choose a bank with good mobile banking (ABA is highly recommended)
- Keep some cash for initial setup as card may take a day
- USD accounts are standard; KHR accounts also available
- Set up online banking immediately for convenience