How to send money to Cambodia
Compare money transfer services to Cambodia
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Cambodia with our money transfer partners.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
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
- Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
- Provide your recipient’s contact information and account data if required.
- Select the amount of money to transfer.
- Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.
To get the best value for money when sending money from New Zealand to Cambodia, compare the benefits and features of competing services before selecting a provider.
Example: 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 1||Money transfer company 2|
|Exchange rate||1 NZD = 0.67 USD||1 NZD = 2,712 KHR|
|Transfer options||Cash pick-up||Cash pick-up|
|Transfer speed||In minutes||In minutes|
|Amount received||622 USD||2,711,950 KHR|
Bianca is unable to transfer KHR using the first money transfer company, and only could send US 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 explainedThe 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, as of December 2018 one New Zealand dollar was worth more than 2,700 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
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.
- Cheques and money orders. Although not a quick option, you could send an international cheque overseas, obtained from your bank.
Emergency cash transfers in Cambodia
You might need to send an emergency cash transfer to Cambodia — for example, if a relative travelling 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.Back to top
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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