If you’re curious about sending and receiving money in Cambodia, this blog post is all about this. This is based on my experience using these available money transfer services. There are several services available you can check out. Some are more costly than the others. Trust and secure are what most people are looking for.
Money transfer through bank in Cambodia
While you can easily use any of Cambodian banks to transfer money in Cambodia, there are also easier to do that. It’s usually free of charge for same bank transfer. For example, if you’ve got an ACLEDA account, you can deposit your money for someone who has an ACLEDA account. I’ve got an ABA account, so that I can easily swipe its smart phone application to transfer payment for my freelancers. If you and your recipient don’t have the same bank account, there is typically a small bank charge for the transfer service.
Mobile money transfer services
Mobile money transfer services like Wing and TrueMoney allow people who have no bank account to receive money. All they need is a phone to get the money at the agents near their home.
Sending money to abroad
Until now, Cambodia’s Paypal users can only send or transfer money. But they cannot receive money through their Paypal yet. While it’s usually safe and secure to transfer money from Cambodia to abroad through a bank, there is also a way that most Cambodians use. For example, if you want to send your payment to your business partners in Thailand, you can use Bangkok Bank (Cambodia), which charges about $5 for the amount under $1000. You don’t event need a bank account with this Bangkok Bank branch of Thailand. However, the bank usually asks for all the details about your transfer.
Unofficial yet reliable, fast, and cheaper to send money abraod
This is one of the cheapest ways to transfer money from Cambodia to some countries abroad.
Sending money from Cambodia to Thailand
There are many agents operating this money transfer services just around the Olympic market. These shop houses offer the services to market vendors and businesspeople in Phnom Penh. For the amount of under $1000, the agent charges just $3 for the service to send the money to your recipient with or without a bank account. Is it safe and secure? You get a receipt for your transaction. The transfer speed is fast. In less than 10 minutes, your recipient may be able to confirm receiving your payment.
Sending money from Cambodia to China
It’s unbelievable that there is no service charge from money transfer to China from Phnom Penh.
More available methods and services to transfer money to and from Cambodia
- Western Union
- Skrill: Online payments & Money transfers
- Payoneer (preferred by Cambodia-based freelancers)