It is another type of savings account with offering higher interest rate than normal savings account. You can perform any banking transactions such as withdrawal, fund transfer, Cash-Code or fund transfer to non-account, water, electricity and school bill payments, and mobile top-up with free of charge. You also receive ATM card and activate KB PRASAC Mobile for managing your cash easily at anytime and anywhere.
Interest Rate
| Currency | KHR | USD |
|---|---|---|
| Interest Rate per Annum | 2.50% | 2.50% |
Product Features
| Features | Descriptions | |
|---|---|---|
| Initial Deposit | Not required | |
| Minimum Balance | KHR 400,000 or USD 100 | |
| Interest Payment | Interest is accrued daily and paid at the end of each month automatically into your account or when closing the account | |
| Account Opening | #list# – KB PRASAC Mobile – All KB PRASAC branch offices – Individual Account: Single Account or Joint Account – Corporate Account: Requires the formal decision from company’s board of directors base on its by-law. | |
| Deposit | #list# – Via KB PRASAC Cash Deposit Machines 24/7 – At any KB PRASAC office during business hours – KB PRASAC Mobile | |
| Withdrawal | #list# – Via KB PRASAC ATM 24/7 – At any KB PRASAC office during business hours – KB PRASAC Mobile | |
| Fund Transfer | #list# – Self transfer via KB PRASAC Mobile or ATM anytime and anywhere – Fund transfer to non-account – At any KB PRASAC office during business hours – Fund transfer within KB PRASAC branches and across some banks and MFIs in Cambodia | |
| Withholding Tax | #list# – Resident 4% – Non-resident 14% | |
| Account Information Card | Free of charge | |
| Savings Passbook | KHR 12,000 or USD 3 for the first issuance or new request when lose or damage or full printing | |
| Additional Service | #list# – No fee for the request of account statement, ATM card, and activates KB PRASAC Mobile – KHR 40,000 or USD 10 for the issuance of a bank cheque or bank confirmation per 1 sheet | |
Account opening requirements
- Any majorities (Khmer or Expatriate) whose age from 16 years old
- Individual Account: A customer has to provide the original and valid identification document
- Corporate Account: Related documents of institution, company, school or government entity
- Customer has to have legal income generating activities, no crime convictions or other crimes
Note:
- For individual and corporate clients except banks and financial institutions.
- KB PRASAC reserves rights to change interest rate and fee with prior notice to the client as required by law.
- Other terms and conditions apply.
