How to send money to Cambodia

If you want to send money to loved ones in Cambodia, your options are limited. Since the Cambodian riel is considered an exotic currency it’s not one most forex providers deal in. Western Union and MoneyGram both have a presence in Cambodia and can send a cash payment quickly, but rapid transfers can be expensive. An online specialist like World First could save you money with lower fees and stronger exchange rates.
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    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Cambodia with our money transfer partners.

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1 3 - 5 days - - Online, Phone, Bank Account to Bank Account, Cash Transfer No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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    Banks vs. money transfer companies

    While you’ll be tempted to visit your bank for a wire transfer to Cambodia, a reputable money transfer service can typically offer better exchange rates, lower fees and faster delivery — often without you having to leave your home.

    Banks don’t often publish exchange rates, but you can sometimes find the rate you’ll receive by logging in to your online bank account.

    Steps to send money to Cambodia

    1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
    2. Provide your recipient’s contact information and account data if required.
    3. Select the amount of money to transfer.
    4. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

    You have multiple options to choose from when sending money to Cambodia from the United States. To get the best value for money for your international money transfer, compare the benefits and features of competing services before selecting a provider.

    Case study: Bianca sends money to Cambodia

    Bianca needs to send an urgent cash transfer of $1,000 to her sister Jamie-Lee. Jamie-Lee is backpacking through Cambodia but has unexpectedly run out of money, so she needs a quick injection of cash from her sister as soon as possible. In an effort to find the best possible deal, Bianca compares two transfer companies.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 1 USD1 USD = 3959.05 KHR
    Transfer fee$48$50
    Transfer optionsCash pick upCash pick up
    Transfer speedIn minutesIn minutes
    Amount received $952 USD3,959,054.90 KHR

    Bianca is unable to transfer KHR using the first money transfer company, and only could send American dollars. The second was able to send KHR, and cost only $2 extra dollars in transfer fees. If Jamie-Lee wants Cambodian riel, the second money transfer company is best.

    How do I compare money transfer companies?

    When sending money to friends, family and businesses in Cambodia, you’ll want to compare these details to get the best deal for your situation.

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
    • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

    Foreign exchange rates explained

    The exchange rate determines how much a country’s currency is worth in another country’s currency. A strong currency yields more money when exchanging it in a country with a weak currency. For instance, one US dollar was worth nearly 4033 Cambodian riels. Cambodia’s exchange rates is flexible and can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Currency exchange rate for Cambodia
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    What are the ways that I can send money to Cambodia?

    • Bank transfers. Confirm whether your bank will allow you to send money to Cambodia.
    • Money transfer providers. Providers like Ria and World First can help you quickly and easily transfer your money online.
    • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

    fin_must_read title=”How safe is a money transfer?”]When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. There are federal protections in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.[/fin_must_read]


    Emergency cash transfers in Cambodia

    You might need to send an emergency cash transfer to Cambodia — for example, if a relative traveling through the country loses their wallet. When you need to transfer funds urgently, review the exchange rate and transfer fee that will apply to your transaction.

    The fastest possible transfer will often be your most expensive option, so compare the details of your transaction before you commit.

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    Tips for picking up cash in Cambodia

    Whether picking up funds in Phnom Penh or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

    • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
    • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
    • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
    • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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