Banking car purchase experiences.

Post new topic

Apokalis Active member

Member since 19 June 2017

ApokalisActive member24 April 2020 18:06:07

Wanted to find out and ask from any of the Expat community in Cambodia, what has been your experiences dealing with your Banking needs and purchasing vehicles, either used or brand new.
I'm also curious to hear stories about your experiences dealing with banks as a foreigner.
Which bank do you like and trust? What are the advantages and disadvantages in comparison to your experiences back home?

JoeKhmer Cambodia expert

Member since 13 November 2015

JoeKhmerCambodia expert25 April 2020 10:17:23

2169

Not sure if you confused banking with financing.

Banking is as usual, if you have enough in your account you can buy whatever you want.

Special remark: if you would like fixed deposit account, the interest is about 8% if you keep a Khmer Riel account.

Never had any problem with my bank, Canadia.

Cheers

Joe

Apokalis Active member

Member since 19 June 2017

ApokalisActive member26 April 2020 04:01:35

Thank you Joe Khmer,
No... I actually meant banking, not financing.
Thanks for the response.

Articles to help you in your expat project in Cambodia

Opening a bank account in Cambodia
As a foreigner living in Cambodia, opening a bank account is relatively straightforward and can save you quite a ...
Working in Phnom Penh
When it comes to expat living, Phnom Penh has it all. Thanks to an influx of foreign investment over the past ...
Living in Phnom Penh
Before going to anywhere in the world, people always try to find out about those places first. Likewise, before ...
Lifestyle in Cambodia
If you are about to settle in the Kingdom of Cambodia, you are probably wondering about its inhabitants' ...
Student life in Phnom Penh
Adjusting to life as a student can be difficult. Even more so if you are trying to do it in a new country, but ...
Developing your social circle in Phnom Penh
Moving to a city where you have no friends or family can be daunting. Thankfully, Phnom Penh has a large and very ...
Buying a property in Cambodia
If you're looking to buy a property in Cambodia — either for your personal use or as an investment ...
Accommodation in Cambodia
Finding accommodation in Cambodia can be quite challenging. But the recent rise of rental websites, such as ...