If you plan to live in Cambodia for an extended period of time, one of the first things you will need to do after arriving in the country is to open a bank account. That’s why so many people are asking, how do I open a bank account in Cambodia?
Don’t worry, while we know this can be a daunting task – especially if you are unfamiliar with the banking system in Cambodia – this guide will help you discover the steps necessary to help make it a seamless process.
By the way, if you are looking to live and work in Cambodia, you can get in contact with us any time via our page, or alternatively, check out the jobs in Cambodia on our dedicated page or find out more about our A-Z relocation services to make the Kingdom of Wonder a home from home.
How do I open a Bank Account in Cambodia?
Ok, so let’s break down how you open a bank account in Cambodia. There are a couple of key points within this list so either write them down (which no-one does) or get in touch with us to make your move seamless.
Here are the steps you should take to open a bank account in Cambodia:
- Gather the necessary documents: To open a bank account in Cambodia, you will need to provide a valid passport, a copy of your work permit or visa, and proof of address, such as a utility bill.
- Choose a bank: Cambodia has several major banks to choose from, of which we recommend ABA, Acleda, and Canadia Bank. including Acleda Bank. Each bank may have different requirements, so it’s a good idea to research which bank best suits your needs.
- Open an account: Once you have gathered all the necessary documents, you can go to the bank and open an account. The bank will likely ask you to fill out an application form and provide a copy of your passport and proof of address.
- Provide a deposit: Many banks in Cambodia require an initial deposit to open an account. This deposit amount can vary depending on the bank, so be sure to check with the bank beforehand.
- Activation of the account: Once your account is opened, you will be provided with an ATM card and an internet banking account. You will then need to activate the account by following the instructions provided by the bank.
It’s worth noting that some banks may have additional requirements, so it’s best to check with the bank beforehand. Additionally, some banks may require you to have a minimum balance in your account, so it’s important to be aware of this before opening an account. It’s also good to have a local contact to assist you with the process as the language barrier could be an issue.
If you are moving to Cambodia for work or otherwise, you can view our relocation services here or get in touch with one of our expert team for advice on the best options when in-country.
