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I am European and have UK (Visa), Dutch (MaestroCard), Lithuanian (MasterCard) debit cards and Revolut card*. Lately I have been reading horror stories on how to get cash out in Cambodia and how some poor souls seem to get 15$ in charges per 300$ taken out... which makes scrooge like myself cringe and loose sleep...

I will be staying in Phnom Penh and then Sihanoukville, what are cheapest ways to get money out?

*link gives me 5$ if you get one...

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  • Your Revolut card should be of help. – JonathanReez♦ Mar 7 '17 at 8:22
  • @JonathanReez Paid for groceries yesterday at Lucky's supermarket in Central market Phnom Penh, and no surcharge... Haven't tested it for withdrawal yet... btw how do I make it use Euros instead of Pounds when making withdrawal? – Matas Vaitkevicius Mar 9 '17 at 2:53
  • Not sure, try asking their support. I keep everything in Euros. – JonathanReez♦ Mar 9 '17 at 3:05
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    For those wanting to keep their transactions in Euros or Pounds, keep in mind that (in our experience) ALL cash transactions in Cambodia (at least in Siem Reap) take place in US dollars. And they're very hesitant to take older denominations to the point where we had a couple of cash transactions refused in favor of taking a credit card instead. I've asked my wife, and neither of us remember taking cash out of an ATM as we brought sufficient with us, but we also don't recall hearing stories about a surcharge. We were charged "reasonable" surcharges in Singapore & Malaysia though. – delliottg Mar 9 '17 at 18:20
  • If it's true (unlikely) that no one uses riel in Cambodia, then maybe it's worthwhile to open an account with one of the US banks that refunds all ATM fees. Schwab is mine, and almost always, their exchange rate is better for me than the alternative. Occasionally, I've had to do something that required me to find a physical branch (major pain), but that was only twice in four years. Ally has no physical branches—online only. – WGroleau Nov 23 '17 at 17:23
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Ok, so I have done some research and so far cheapest way is to get a Revolut card.

On 504 USD from EUR, the exchange loss was 2.19 EUR compared to the rate at Google (Google rate is 475.85, Revolut 478.04) which is way better than I would get at any local bank in UK.

The bank of choice is Union Commercial bank. They allow you to take out 500$ and charge 4$ on top which is the cheapest that I could find so far, also this is the only bank that worked with Revolut MasterCard and Maestro Card.

Also watch your step at their ATM they have a nasty step there...

Update: Union Commercial ATM started breaking down almost daily. An alternative is to use Canadia Bank ATM (which is across the street) which charges 5$ and you can take out 500$ -- tested with MasterCard and Maestro.

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I could be wrong, but try Santander Bank, link below. In many locations around the world this is how we avoid bank charges. It is one of the only/few banks that really works for the customer when abroad.

Santander

https://en.portal.santandertrade.com/country-profile/110,cambodia

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  • I have a Santander Visa Debit card and it charges me £1.25 every time I use my card for a non-GBP transaction. I have not studied their exchange rate. – gerrit Jul 26 '17 at 13:17
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Last time I was in Cambodia, which was a few years ago, Vattanak Bank was free, for European cards only. As the article says Canadia used be free but that was some years ago. According to the article you linked though, Maybank is still free, so I'd give them a go.

I have never paid an ATM fee in Cambodia, I was always able to find a bank that worked with no fees. They change all the time though.

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