Why an account in Cambodia?
Cambodia is one of the few countries outside the automatic exchange of information (CRS). The banking sector is heavily dollarised and has grown steadily for years — with our office in Phnom Penh we are on the ground.
SWICOR works with ABA Bank and ACLEDA Bank. We select the institution that fits your profile, compile the complete KYC file including source of funds and handle all communication with the bank. You typically invest two to three hours of your time.
Account data from Cambodia is not automatically reported to your country of residence. The account is fully legal — your reporting obligation remains. Every opening comes with a written compliance briefing.
At a glance
- ✓Not part of the CRS reporting framework
- ✓USD multi-currency capability
- ✓Full document & compliance briefing
- ✓Timeline: 1–2 weeks
Packages for your account in Cambodia
Three fixed-fee packages, agreed in writing. Bank fees and any minimum deposits are disclosed upfront.
On Site
For clients who travel to Cambodia and open the account in person at the bank.
- ✓1 account at ABA Bank or ACLEDA Bank
- ✓In-person account opening in Phnom Penh
- ✓Appointment booking & accompaniment by our Phnom Penh office
- ✓Preparation of all documents
- ✓Written compliance briefing on reporting
Remote
For clients who want to open their account in Cambodia without travelling.
- ✓1 account at ABA Bank or ACLEDA Bank
- ✓100% remote — no travel required
- ✓Certification & apostille of documents included
- ✓Full communication with the bank by SWICOR
- ✓Support until e-banking & card are active
- ✓Written compliance briefing on reporting
Private
For high-net-worth individuals with investment and wealth needs.
- ✓Everything in Premium
- ✓Access to private banking & a personal relationship manager
- ✓Term deposit, custody and investment solutions
- ✓Structuring session on account & residency (60 min)
- ✓Ongoing management of the bank relationship (12 months)
- ✓Written compliance briefing on reporting
Four steps to your account
Consultation & bank choice
We clarify purpose, currencies and profile and recommend the right bank in Cambodia — with a realistic view on timing and success rate.
Documents
You receive an exact checklist. We prepare the power of attorney, cover letter and source of funds and arrange certification and apostille.
Submission & KYC
We submit directly to the bank and handle all queries. Identification takes place by video call or at the agreed appointment.
Account active
The mandate only ends once e-banking, card and IBAN are confirmed and the first transaction has gone through.
Frequently asked questions
Which package suits you?
In 30 minutes we clarify your situation and recommend the right package — free and without obligation.
Book free consultation →