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Thread: How to send money to Cambodia?

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  1. #1
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    Re: How to send money to Cambodia?

    I had very similar problems when trying to send small amounts of money to Laos and Vietnam. I usually use Transferwise, but a friend was in a place where he couldn't access his bank account so needed to do a cash pickup using his id card. Western Union is usually good for this but I didn't want to pay high WU charges and so after much google searching i came across www.remitly.com . I was very happy with this service and my first transfer was free. Of course, everyone's situation is different but I reccomend having a look at Remitly to see if it suits anyones needs.

  2. 2 Users gave Like to post:

    christianpfc (November 7th, 2020), goji (November 7th, 2020)

  3. #2
    Forum's veteran goji's Avatar
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    Re: How to send money to Cambodia?

    Quote Originally Posted by Midguy1 View Post
    i came across www.remitly.com . I was very happy with this service and my first transfer was free. Of course, everyone's situation is different but I reccomend having a look at Remitly to see if it suits anyones needs.
    Thank you for posting this.

    I checked the "Rates and Fees" page

    #1 Their economy fees are £1.99 for recieving in USD and £3.99 for KHR.
    #2 The "Rates and Fees" page does NOT tell me what the Rates are. So I need to open an account to find out what the exchange rate is.

    From past experience, any provide that requires the customer to open an account BEFORE they tell you what the rates are tends to offer a poor exchange rate. So double dipping with the fees.

    Quote Originally Posted by Midguy1 View Post
    I was very happy with this service and my first transfer was free.
    What does "free" mean in this instance ? I presume they waived the £1.99 or £3.99 fee, but what about the exchange rate ?

    Siscu58 follows best practice (above), since he reports what left one account, what arrived in the other and compares it with XE.com mid market rates, so the total loss on the transaction is clear.

  4. 2 Users gave Like to post:

    christianpfc (November 7th, 2020), Zebedee (November 7th, 2020)

  5. #3
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    Re: How to send money to Cambodia?

    Quote Originally Posted by goji View Post
    Thank you for posting this.

    I checked the "Rates and Fees" page.
    All the Cambodian boys I know have an SCB account in Thailand that they can use in Cambodia via their ATM card as the SCB owned bank in Cambodia is everywhere. A friend of mine uses Transferwise to send money to the SCB account in Thailand and the boy (currently in Cambodia) just uses his SCB ATM card there for withdrawals.

  6. User who gave Like to post:

    christianpfc (November 7th, 2020)

  7. #4
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    Re: How to send money to Cambodia?

    Quote Originally Posted by Midguy1 View Post
    I had very similar problems when trying to send small amounts of money to Laos and Vietnam. I usually use Transferwise, but a friend was in a place where he couldn't access his bank account so needed to do a cash pickup using his id card. Western Union is usually good for this but I didn't want to pay high WU charges and so after much google searching i came across www.remitly.com . I was very happy with this service and my first transfer was free. Of course, everyone's situation is different but I reccomend having a look at Remitly to see if it suits anyones needs.
    Thanks from me also for your helpful post Midguy1.
    While remitly.com may have been convenient for you at the time, many of us here are trying to "weed out" money transfer companies that are expensive to use on a regular basis. Sometimes they try to disguise their charges by offering low fees, but they make up for this quite handsomely ( in their favour ) by giving poor exchange rates or failure to tell the customer of hidden fees e.g. the recipient bank charges and/or intermediary bank fees. These issues have been highlighted previously by posters on this Thread if you're interested.
    I'm afraid I have to agree with goji as I too would be very suspicious of a company requiring signup in order to get full disclosure of their total cost for a transfer. Nevertheless I have learned ( from your post ) of an additional transfer company I can use... in case of an emergency.

  8. User who gave Like to post:

    goji (November 7th, 2020)

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