In this guide, We’ll walk you through everything you need to know, from types of accounts they offer to fees and accessibility about ABA Bank in Cambodia for foreigners . Whether you’re a digital nomad, expat, or just a foreign tourist looking to open an account during your stay, we’ve done the research so you don’t have to. Let us help you find the perfect ABA account so your money matters are taken care of.
Overview of ABA Bank in Cambodia
ABA Bank, formerly known as Advanced Bank of Asia, is one of Cambodia’s leading commercial banks, providing banking products and services to local and foreign individuals as well as businesses. ABA has built a strong reputation as an innovative, trusted and stable bank in Cambodia since its establishment in 1996.
Products and Services
ABA offers a wide range of products and services, including savings accounts, fixed deposits, personal loans, mortgages, debit and credit cards, remittances, trade finance, payroll and cash management services for businesses. ABA’s digital banking services like Internet Banking, Mobile Banking Apps and ATM networks, provide customers access to their accounts 24/7 for maximum convenience.
Branch Network
With over 45 branches across Cambodia, including Phnom Penh, Siem Reap, Battambang, Sihanoukville and other major cities and towns, ABA has an extensive branch network to serve customers nationwide. Branches provide full banking services and are equipped with ATMs, cash deposit machines and customer service centers.
Safety and Security
ABA has built a reputation as a stable and trustworthy bank, providing a safe environment for people to deposit and invest their money. ABA is regulated and supervised by the National Bank of Cambodia to ensure compliance with the highest standards of risk management, corporate governance, and customer protection. Your money is in good hands with ABA.
Overall, ABA Bank aims to deliver innovative products, excellent service and long-term value to customers. So whether you’re living, working or traveling in Cambodia, ABA Bank has everything you need to manage your money conveniently and securely. Why not open an account and experience the ABA difference today?
Opening an ABA Bank Account as a Foreigner
So you’ve decided to open an ABA Bank account in Cambodia. Excellent choice! ABA Bank is one of the most reputable banks in Cambodia and provides great services for both locals and foreigners.
Requirements
To open an ABA Bank account as a foreigner, you’ll need to provide the following:
- Your original passport. ABA Bank needs to verify your identity and the validity of your passport.
- A Cambodian phone number. This is required to receive SMS notifications and security codes for certain transactions. Once you get to Cambodia, it is easy to get a SIM card that works there.
- Initial deposit amount. ABA Bank requires an initial deposit of at least $50 to open a standard savings account. For a mobile account, you don’t need an initial deposit.
- Residency information. You’ll need to provide details of where you’re currently staying in Cambodia, even if it’s just a hotel.
Application Process
The account-opening process is quite straightforward. Here are the main steps:
- Visit any ABA Bank branch and request to open a foreign bank account. Let them know you want to open a standard savings account.
- Submit all the required documents, like your original passport, phone number, etc.
- Fill out the form to open an account and send it in. The form will ask for your personal details, source of funds, purpose of account, etc.
- Once approved, you’ll receive an SMS and can deposit funds to start using your new ABA Bank account!
ABA Bank aims to provide foreigners an easy banking experience in Cambodia. By following the requirements and application process, you’ll be enjoying their services in no time. Let me know if you have any other questions!
ABA Bank Services for Foreigners
Opening an Account
As a foreigner, opening a bank account with ABA Bank in Cambodia is straightforward. You will need to provide your passport as identification. ABA Bank offers accounts in multiple currencies, including USD, KHR, and other major currencies. For foreigners, a USD account is typically the most convenient. To open an account, you do not need a certain minimum balance.
Online & Mobile Banking
ABA Bank offers convenient digital banking services so you can manage your account anytime. You can use their online banking and mobile banking apps to do things like check your balances, send money to other accounts, pay bills, and more. Both the online banking site and mobile app are available in English. You will get an SMS code that you need to enter to get into your online banking as a safety measure.
International Transfers
If you need to send or receive money internationally, ABA Bank facilitates wire transfers and remittances. Incoming transfers typically take 1 to 3 business days to be credited to your account. Outgoing transfers may take 3 to 5 days to reach the recipient’s account. ABA Bank has relationships with major payment networks like SWIFT, enabling transfers to most countries. Fees for transfers depend on the amount and destination.
ATM & Branch Services
ABA Bank has over 300 ATMs and branches located throughout Cambodia, especially in major cities and towns. As an account holder, you will receive an ATM card to access your funds and make cash withdrawals with no fees at ABA Bank ATMs. You can also use ABA Bank ATMs to check account balances, change PINs, and more. ABA Bank branches are open on weekdays and Saturdays, with some open on Sundays as well. English-speaking staff are available to assist you.
ABA Bank aims to provide convenient yet secure banking services for foreigners living or traveling in Cambodia. Opening an account and accessing your funds is straightforward, allowing you to bank with confidence during your time in the country. ABA Bank can take care of your money issues so you can enjoy everything Cambodia has to offer.
To create an ABA bank in mobile app without going to the bank in person: click here
ABA Bank Branches and ATMs in Cambodia
ABA Bank has over 85 branches and more than 300 ATMs located throughout Cambodia in all the provinces. As a foreigner, the major cities where you’ll likely visit and need banking services are Phnom Penh, Siem Reap, and Sihanoukville.
Phnom Penh
In the capital city, ABA Bank has over 30 branches conveniently located near popular areas for expats like BKK1, Toul Kork, and Chamkarmon. They also have over 80 ATMs spread throughout the city, so you’re never too far from accessing your money. Some of the most useful locations are:
- Central Market Branch: Open 7 days a week with 24-hour ATM access. Near the iconic art deco Central Market.
- AEON Mall Branch: Located on the 2nd floor of the popular AEON Mall. Open 7 days a week with 24-hour ATM access.
- Riverside Branch: Situated in a bustling area along the Tonle Sap River. Open 6 days a week until 6 pm.
Siem Reap
ABA Bank has 4 branches in the heart of Siem Reap, including a main branch open 7 days a week until 8 pm. They also have over 20 ATMs located near the top hotels, restaurants, and the Angkor Wat temple complex. The Night Market Branch stays open until 9 pm, perfect for grabbing cash during your evening stroll.
Sihanoukville
At Cambodia’s premier beach destination, ABA Bank has 5 branches and over 10 ATMs along the coast. Their locations near Serendipity Beach Road, like the Golden Lions Plaza Branch, have longer hours to serve tourists. They stay open every day until 8 pm.
Between the widespread branch and ATM locations in Cambodia’s most popular cities for visitors, you’ll never be far from an ABA Bank access point during your travels. With their longer hours, multiple language support, and range of financial services for foreigners, ABA Bank aims to provide convenient banking for customers from all over the globe.
FAQs About ABA Bank in Cambodia for Foreigners
As a foreigner living or traveling in Cambodia, you may have some questions about banking with ABA Bank. Here are some of the most frequently asked questions to help you get started.
Do I need a Cambodian ID to open a bank account?
No, you do not need a Cambodian ID to open a bank account with ABA Bank. All you need is your passport. ABA Bank offers accounts specifically tailored for foreigners and expats living in Cambodia.
What types of accounts does ABA Bank offer for foreigners?
ABA Bank offers several account options for foreigners:
- A multi-currency account lets you hold US dollars, Thai Baht, and Cambodian Riel. This is convenient for expats and frequent travelers.
- A fixed-term deposit account allows you to earn higher interest rates. You can choose terms from one month to five years.
- Online banking and mobile banking give you 24/7 access to your accounts. You can check balances, pay bills, transfer funds, and more right from your computer or phone.
How do I apply for an account?
It’s easy to apply for an ABA Bank account. Here are the steps:
- Gather the required documentation: your passport, a passport photo, and proof of address in Cambodia like a utility bill.
- Visit any ABA Bank branch. Let them know you want to open an account as a foreigner.
- Fill out the account application and provide the necessary documentation for verification.
- Your account will be opened, and you’ll receive your account information and debit card right away.
- You can make deposits, transfer money, pay bills, and get to your money at any time through online and mobile banking once your account is open.
ABA Bank aims to provide excellent banking services for both Cambodians and foreigners living in Cambodia. Opening an account is easy, and ABA Bank’s multi-currency accounts and digital banking options make it convenient to bank from anywhere in Cambodia. If you have any other questions, don’t hesitate to contact ABA Bank directly or visit your nearest branch.
Conclusion
So there you have it—a complete guide to ABA Bank for foreigners in Cambodia. By now, you should feel equipped with everything you need to open an account, understand their services, find branches and ATMs, and manage your money while living or traveling in the country. ABA has a solid reputation and offers plenty of conveniences for expats and visitors. With this helpful overview, you can bank with confidence at ABA. Enjoy your time in Cambodia, knowing your finances are in good hands. Wherever your journey takes you next, safe travels!
You might also want to read:
The Complete Guide to Banking in Cambodia
Working Culture in Cambodia: Cultural Tips and Preparation Guide