Current PLUS Account

Current PLUS Account provides you with the great possibility to start earning interest using your current account. Being a simple, cost effective solution to manage your money in Cambodia as well as overseas, the Current plus account offers an outstanding level of simplicity, coupled with pleasant efficiency.

Interest rate (p.a.)1

Daily Balance
CompanyFinancial Inst.Government Inst.
≤ USD5,0000.15%0.15%0.15%
> USD5,0000.25%0.25%0.25%
≤ KHR20 million0.50%0.50%0.50%
> KHR20 million1.00%1.00%1.00%

Conditions

CurrencyUSDKHR
Initial opening balance
  Individual/Company500 2 million
  Government500 2 million
  Financial Inst. 50,000 200 million
Minimum ongoing balance
  Individual/Company500 2 million
  Government500 2 million
  Financial Inst. 1,000 400,000
Withdrawals2Unlimited withdrawals, in cash or non-cash forms, are allowed at any time and in any amount upon the condition of minimum ongoing balance preserved on the account
Acceptant notes3Any types of fit KHR note will be accepted at with some applicable charges
Interest paymentQuarterly (the quarter of fiscal year) or upon account closure
Early closure4Fee of USD 20 / KHR 80,000 is applied for closing the account within 3 months from opening date
ReplenishmentUnlimited transactions in cash or non-­cash forms are allowed
Service feesMonthly account serviceFree
Check Book5USD10/KHR40,000/book
iBanking for BusinessRefer to iBanking for Business T&C here
Dormant fee6USD10/KHR40,000/p.a.
Certify account balanceUSD10/KHR40,000/piece
Audit confirmationUSD10/KHR40,000/time
Nostro or Banker chequeUSD10/KHR40,000/check
Access to account
  • ABA Branches
  • iBanking for Business
Benefits

Free issuance and annual maintenance fees of Credit Card for primary holder with below conditions:

  • Mastercard Credit Standard/Visa Credit Classic: customers shall maintain deposit balance of USD3,000 -5,000 as security. The customer can choose credit limit from USD500 - 4,500 or up to 90% of security deposit.
  • Visa Platinum Lite: customer shall maintain deposit balance from USD5,001 or more as security. The customer can choose credit limit from USD1,000 to USD12,500 or 90% of security limit (whichever limit is lower).

All Terms and Conditions are subject to ABA Bank’s sole discretion without prior notice.

1 Interest rate is accrued at 365 (three hundred sixty five) days a year, considering actual quantity of days a month.
2 0.10% or minimum of USD 1 (whichever higher) for the amount exceeds the defined daily limit of USD 30,000 for cash transaction either deposit or withdrawal through interregion of branch operations.
3 Fee is applied to different types of notes and quantity as link here.
4 Customers are required to return passbooks, cards, and any given account facilities to the Bank.
5 Cash withdrawals are drawn on the basis of cheque issued.
6 
System will automatically charge USD 10 if account is not operative for 12 months or more.

Additional Benefits

Along with the interest rate on your funds, you also get:

1 Free SMS Dynamic Authentication mode. One-­off fee USD 25 for a CryptoCalculator Device.

Requirements

The required documents for opening corporate Current "Plus" account are:

  • Memorandum and Article of Association
  • Certificate of incorporation issued by Ministry of Commerce
  • National ID or passport of company’s Director(s) and Shareholder(s) (all documents must be valid)
  • Board of Directors Resolution
  • National ID or passport for Cambodian authorized signatory and passport with entry visa for foreign authorized signatory (all documents must be valid)
  • Completed Application Form
  • Business tax Patent (if applicable)
  • Business License issued by relevant ministry and/or authority (if applicable)
  • Letter of Approval from relevant ministry or authority (if applicable)
  • Other registration documents (if applicable).

General Terms and Conditions apply. You need Adobe Reader to view this PDF files.