🏦 Best Bank in Cambodia 2026: ABA, ACLEDA, Canadia & More Compared
📊 Side‑by‑Side Comparison (At a Glance)
| Feature | ABA Bank | ACLEDA Bank | Canadia Bank | Wing Bank | FTB | Phillip Bank |
|---|---|---|---|---|---|---|
| Best For | Digital banking, expats | Rural coverage, stability | Local trust, fee‑free ATM | Mobile-first, agents | Online opening, fixed deposits | Competitive rates, expats |
| Minimum Deposit (USD) | $0 | $0 (savings), $1,000 (current) | $200 | $200 (for 3% interest) | $50 (savings), $500 (current) | Varies |
| Monthly Fee | Free | Free | Free | Free | Free | Free |
| International ATM Fee | $6–7 | $6–7 | Free for EU cards | 2% (min $5) | $6–7 | $6–7 |
| Mobile App Rating | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐ | ⭐⭐⭐ |
| Branch Network | ~85 branches | 263+ branches | 64 branches | ~30 branches + 12,000 agents | Limited | ~20 branches |
| Interest (Savings USD) | 0.00–0.60% (tiered) | 0.20–1.00% (tiered) | ~0.50% (variable) | 3% p.a. (promotion) | 0.75% | ~1.00% |
| Fixed Deposit (1‑year USD) | From ~2.50% | Up to 4.50% | 4.75% | 7.5% (business loans) | Contact bank | Competitive |
🏛️ Detailed Bank Profiles
ABA Bank has been named “Best Bank in Cambodia” by Euromoney for five consecutive years. It is a subsidiary of the National Bank of Canada and offers the most advanced digital banking platform in the country.
• Zero minimum deposit and zero monthly fees
• Excellent mobile app with KHQR, free local transfers, and virtual cards
• Fast online account opening
• Wide ATM network (230+ ATMs)
• High international ATM fees ($6–7)
• Lower interest rates on savings compared to some competitors
• Customer service can be slow during peak hours
🔹 Key Account Types: Savings Account (up to 1.25% p.a. in KHR), Current Account, Fixed Deposits (higher rates for longer terms).
📌 Tip for Expats: ABA is the most popular choice for foreigners because you can open an account online before arriving. The mobile app supports everything from transfers to tax payments.
🔗 Official website: www.ababank.com
ACLEDA is one of Cambodia’s largest and most trusted banks, with 263 branches nationwide – you’ll find one almost anywhere you go. It offers multi‑currency accounts (USD, KHR, THB, EUR) and a robust mobile app.
• Extensive branch network, especially in rural areas
• No minimum deposit for savings accounts
• Competitive fixed deposit rates (up to 4.50% for 1‑year USD)
• Mastercard Move for instant cross‑border transfers
• Higher minimum deposit for current accounts ($1,000)
• Mobile app less intuitive than ABA’s
• Lower savings interest rates for small balances
🔹 Key Account Types: Savings Account (tiered interest), Current Account, Fixed Deposit, and Notice Withdrawal Account (higher rates with 7‑14 days’ notice).
📌 Tip for Travelers: ACLEDA is your best bet if you plan to travel outside major cities. Their rural coverage is unmatched.
🔗 Official website: www.acledabank.com.kh
Established in 1991, Canadia Bank is one of Cambodia’s oldest and most trusted local banks. It is particularly popular among expats from Europe because its ATMs charge no fees for European bank cards.
• Fee‑free ATM withdrawals for EU cardholders
• Competitive fixed deposit rates (1‑year USD: 4.75%)
• Multi‑currency accounts (USD, KHR, THB)
• Low minimum deposit ($200)
• Fewer branches than ACLEDA (64 branches)
• Mobile app less feature‑rich than ABA
• Savings interest rates are modest
🔹 Key Account Types: Savings Account, Prathana Account (goal‑based savings), Fixed Deposit, and Credit Cards.
📌 Tip for Travelers: If you hold a European bank card, Canadia ATMs are your cheapest option for cash withdrawals.
🔗 Official website: www.canadiabank.com.kh
Wing Bank started as a mobile money service and has evolved into a full‑service digital bank. It has a vast network of over 12,000 agents nationwide, making it accessible even in remote villages.
• High promotional savings rate (up to 3% p.a.)
• Extensive agent network for cash in/out
• User‑friendly mobile app with over 100 services
• Business loans starting at 7.5% annually
• Physical branch network limited (~30 branches)
• International ATM fees (2% min $5)
• Promotional rates are temporary
🔹 Key Account Types: Savings Account (up to 3% p.a. with $200 min balance), Business Loans, and UnionPay Cards.
📌 Tip for Travelers: Wing is excellent for cashless payments and sending money to local contacts, but for large international transfers, consider ABA or Wise.
🔗 Official website: www.wingbank.com.kh
FTB is one of Cambodia’s oldest banks and offers online account opening for individuals. It is a solid choice for those who want to set up an account remotely before arriving.
• Online account opening available
• No monthly fees
• Competitive fixed deposit rates
• Low minimum deposit for savings ($50)
• Branch network limited
• Mobile app less advanced than ABA’s
• Savings interest rate is 0% for USD
🔹 Key Account Types: Savings Account (0.75% USD, 1.00% KHR), Current Account ($500 minimum), Fixed Deposit ($1,000 minimum).
📌 Tip for Investors: FTB’s fixed deposit rates are competitive, and the online opening process is convenient.
🔗 Official website: www.ftb.com.kh
Phillip Bank is part of the PhillipCapital Group and has been expanding rapidly in Cambodia. It is known for competitive interest rates and a growing branch network.
• Competitive interest rates on savings and fixed deposits
• Growing branch network
• Expat‑friendly services
• Multi‑currency options
• Fewer branches than ABA or ACLEDA
• Mobile app still developing
• Some fees may apply
🔹 Key Account Types: Savings Account, Current Account, Fixed Deposit.
📌 Tip for Expats: Phillip Bank is a good alternative if you want higher interest rates but don’t need the most advanced digital features.
🔗 Official website: www.phillipbank.com.kh
🧭 Which Bank Should You Choose? (Decision Flowchart)
→ Choose ABA
→ Choose ACLEDA
→ Choose Canadia
→ Choose Wing
→ Choose FTB
→ Choose Phillip Bank
📝 How to Open a Bank Account in Cambodia (Quick Guide)
Opening a bank account as a foreigner is straightforward, but you’ll need the following documents:
- Valid passport (original)
- Valid long‑stay visa (E‑class or extension) – tourist visas are generally not accepted
- Local phone number (for OTPs and mobile banking)
- Local address (hotel or rental contract)
- Minimum deposit (varies by bank – from $0 to $1,000)
Most banks allow you to complete the process in 20–40 minutes at a branch. ABA and FTB also offer online account opening (followed by a branch visit for activation).
For a complete step‑by‑step guide, refer to our “Banking in Cambodia 2026: A Complete Guide for Expats & Investors”.
❓ Frequently Asked Questions
Which bank is best for expats in Cambodia?
ABA Bank is the most popular choice among expats due to its excellent mobile app, zero fees, and easy account opening. Canadia Bank is also a strong contender, especially for Europeans who want fee‑free ATM withdrawals.
Can I open a bank account online before arriving in Cambodia?
Yes. ABA and FTB both offer online account opening. You will still need to visit a branch to activate the account and show your original documents.
What is the minimum deposit to open a bank account?
It varies: ABA ($0), ACLEDA ($0 for savings, $1,000 for current), Canadia ($200), Wing ($200 for 3% interest), FTB ($50 for savings).
Which bank has the lowest international ATM fees?
Canadia Bank charges no fee for European cards. For other cards, most banks charge $6–7 per withdrawal. Using a local bank account and withdrawing from your own bank’s ATMs is always cheaper.
Is my money safe in a Cambodian bank?
All listed banks are licensed by the National Bank of Cambodia (NBC). However, Cambodia does not yet have a deposit insurance scheme. It is advisable to keep large savings in established banks like ABA, ACLEDA, or Canadia and to diversify holdings.