Note
For LOCAL IN, beneficiary can receive full amount without fee charge.
Domestic Fund Transfer
Introduction
Shinhan Bank Cambodia is providing many options for local transfer with acceptable fees, fast, easy and safe. The customer who has account with Shinhan Bank can transfer or Receive funds from any local banks.
Currently we have two products for Domestic transfers such as:
- Local Remittance
- Bakong (Real Time Funds Transfer)
For Domestic transfer we can apply two currencies is in USD or KHR.
Local Remittance
Funds transfer to another LOCAL bank.
| Amount | Bank Charge | Minimum |
|---|---|---|
| Less than USD 5,000.00 | USD 2.00 | USD 2.00 |
| More than USD 5,000.00 | 0.10% | Max. USD 50.00 |
Bakong (Real Time funds transfer)
Bakong is the latest generation of Mobile payment and baking platform initiated by the National Bank of Cambodia for peer-to-peer fund transfer service available to retail customers of local bank, financial institutions and payment service provider in Cambodia
Function:
- Send from CASA account to other bank CASA account
- Send from CASA account to Bakong Wallet
Limited Transfer:
- Amount: 0.00->50,000 USD dollars / 200 Million riels (Per day from CASA account to CASA account)
- Amount: 0.00->10,000 USD dollars / 40 Million riels (Per day from CASA account to Bakong Wallet)
