SWIFT Transfers

Advanced​ Bank​ of​ Asia​ Limited​ Money​ Transfer​ Terms​ and​ Conditions

Please​ read​ these​ terms​ and​ conditions​ carefully.​ These​ terms​ and​ conditions​ are​ an​ agreement​ between​ you​ (“the​ applicant")​ and​ Advanced​ Bank​ of​ Asia​ Limited​ (“the​ bank”)​ on​ money​ transfers.

1. The​ applicant​ confirms​ that​ the​ information​ provided​ is​ true​ and​ correct,​ and​ the​ bank​ is​ not​ responsible​ for​ any​ delays,​ errors,​ or​ omissions​ caused​ by​ the​ applicant's​ misprinting​ and/or​ inaccuracy.
2. ​The​ applicant​ agrees​ not​ to​ disclose​ to​ third​ parties​ his​ or​ her​ username,​ PIN​ code,​ passwords,​ or​ any​ other​ credentials​ required​ for​ using​ the​ ABA​ Bank​ mobile/I-Banking​ application.
3. The​ applicant​ confirms​ that​ he​ or​ she​ processes​ own​ transactions​ and​ do​ not​ carry​ out​ any​ transactions​ on​ behalf​ of​ third​ parties.
4. The​ applicant​ authorizes​ the​ bank​ to​ debit​ his​ or​ her​ account​ for​ the​ transfer​ amount,​ as​ well​ as​ the​ money​ transfer​ fees.
5. ​The​ applicant​ understands​ and​ confirms​ that​ the​ bank​ will​ apply​ its​ internal​ currency​ exchange​ rate​ to​ process​ money​ transfers​ in​ foreign​ currencies.​
6. The​ bank​ will​ process​ a​ transaction​ on​ the​ following​ business​ day,​ and​ the​ new​ exchange​ rate​ for​ money​ transfers​ in​ foreign​ currencies​ can​ be​ applied​ if​ transaction​ is​ pending​ for​ compliance​ review​ or​ a​ transaction​ is​ received​ after​ the​ cut-off​ time​ (4​ p.m.​ Cambodian​ time).
7. ​The​ applicant​ authorizes​ the​ bank​ to​ postpone,​ suspend,​ or​ cancel​ the​ money​ transfer​ if​ the​ bank​ or​ its​ correspondent​ bank​ finds​ that​ it​ may​ be​ related​ to​ unlawful​ conduct​ and/or​ breach​ of​ any​ national​ or​ international​ laws​ or​ regulations.
8. The​ applicant​ guarantees​ that​ the​ money​ transfer​ has​ no​ connection​ to​ any​ illegal​ activities,​ money​ laundering,​ or​ financing​ of​ terrorism.​ The​ bank​ has​ the​ right​ to​ reject​ or​ suspend​ any​ transfer​ if​ required​ for​ its​ AML/KYC​ purposes.
9. The​ applicant​ indemnifies​ the​ bank​ for​ any​ claims,​ losses,​ or​ objections​ if​ the​ correspondent​ or​ beneficiary​ bank​ blocks​ or​ rejects​ the​ applicant's​ transaction​ due​ to​ international​ sanctions​ or​ restrictions.
10. The​ applicant​ agrees​ to​ provide​ additional​ information​ and/or​ documents​ related​ to​ the​ money​ transfer​ upon​ the​ bank​ request.
11. ​From​ time​ to​ time,​ the​ bank​ may​ change​ its​ fees​ and​ commissions,​ as​ well​ as​ these​ terms​ and​ conditions,​ without​ prior​ notice.
12. The​ bank​ may​ disclose​ the​ money​ transfer​ information​ to​ third​ parties​ in​ accordance​ with​ the​ legislation​ of​ the​ Kingdom​ of​ Cambodia,​ including​ but​ not​ limited​ to​ court​ decisions,​ investigations,​ and​ regulations.
13. The​ applicant​ acknowledges​ that​ there​ is​ a​ possibility​ of​ requesting​ cancellation​ or​ amendment​ from​ relevant​ banks​ due​ to​ their​ bank​ policy.
14. The​ applicant​ agrees​ that​ the​ new​ exchange​ rate,​ cancellation/amendment​ fees,​ and​ other​ fees​ will​ be​ applied​ to​ the​ applicant​ for​ any​ cancellation​ request​ or​ amendment​ request.​ The​ successful​ cancellation​ or​ amendment​ depends​ on​ the​ relevant​ bank​ policy​ or​ consent​ from​ the​ beneficiary.​
15. In​ the​ event​ of​ a​ money​ transfer​ cancellation,​ the​ bank​ will​ only​ return​ the​ applicant's​ funds​ after​ receiving​ them​ from​ the​ correspondent​ bank.​ Before​ returning​ the​ funds,​ the​ correspondent​ bank​ or​ beneficiary​ bank​ should​ impose​ and​ deduct​ its​ fees​ on​ the​ returned​ amount.
16. ​To​ amend​ or​ cancel​ your​ transaction,​ you​ must​ fill​ it​ out,​ sign​ the​ amendment/cancellation​ form,​ and​ personally​ submit​ the​ physical​ application​ to​ any​ of​ our​ offices.​ You​ can​ download​ the​ form​ from​ our​ website​ at​ https://www.ababank.com/en/international-transfers/.​
17. The​ "OUR"​ payment​ option​ means​ that​ the​ applicant​ is​ responsible​ for​ all​ ABA​ Bank​ fees​ and​ intermediary​ bank​ fees.​ Additionally,​ the​ beneficiary's​ bank​ may​ impose​ certain​ fees​ per​ its​ procedures.​ The​ bank​ cannot​ guarantee​ that​ the​ beneficiary​ will​ receive​ the​ full​ transfer​ amount​ as​ the​ beneficiary​ bank​ or​ its​ intermediary​ bank​ may​ impose​ additional​ charges​ that​ will​ be​ deducted​ from​ the​ transferred​ amount.​
18. The​ application​ acknowledges​ that​ not​ all​ banks​ implement​ the​ "OUR"​ payment​ option.​
19. The​ "BEN"​ payment​ option​ means​ that​ all​ the​ bank's​ fees​ will​ be​ deducted​ from​ the​ transfer​ amount.​
20. The​ “SHA”​ payment​ option​ means​ each​ party​ (the​ applicant​ and​ the​ beneficiary)​ is​ responsible​ for​ their​ own​ money​ transfer​ fee,​ which​ is​ imposed​ by​ their​ bank.
21. To​ complete​ the​ transfer​ properly,​ the​ bank​ may​ select​ a​ correspondent​ bank​ on​ its​ own​ initiative,​ acting​ on​ its​ best​ efforts.​ Such​ a​ correspondent​ bank​ has​ the​ authority​ to​ impose​ a​ fee,​ either​ by​ deducting​ it​ from​ the​ beneficiary's​ funds​ or​ by​ charging​ it​ directly​ to​ the​ bank.​ Should​ the​ bank​ receive​ the​ fee​ from​ the​ correspondent​ bank,​ it​ will​ debit​ the​ applicant's​ account​ accordingly.​
22. In​ relation​ to​ the​ money​ transfer,​ the​ bank​ is​ not​ responsible​ for​ any​ taxes,​ duties,​ or​ other​ expenses​ that​ might​ occur​ in​ other​ countries.
23. In​ some​ countries,​ the​ IBAN​ number​ is​ mandatory.​ Please​ confirm​ with​ the​ beneficiary​ before​ making​ any​ transfers.​ For​ more​ details,​ please​ refer​ to:​ https://www.iban.com/structure
24. ​The​ bank's​ branches​ can​ process​ transfers​ to​ some​ countries​ that​ are​ not​ available​ in​ the​ ABA​ Bank​ mobile/I-Banking​ application.

To​ make​ your​ banking​ experience​ with​ us​ even​ more​ convenient​ and​ efficient,​ conduct​ your​ cross-border​ transfers​ using​ ABA​ Mobile!​ To​ learn​ more,​ click​ link​ https://www.ababank.com/aba-mobile-app/transfers/aba-swift-mobile-transfers/