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 four products for Domestic transfers such as:
- LOCAL REMITTANCE
- FAST Payment
- RFT (Real Time Funds Transfer)
- 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 |
Fast Payment Transfer
Fast payment transfer is allow you to make the payments in KHR only within the network of all FAST payment members in REAL-TIME, less than 5mintues. The beneficiary bank may receive the money immediately after the transaction process has completed.
Fees: (UNIT KHR)
| Amount | Bank Charge Per transaction |
|---|---|
| ≤ KHR 4,000,000.00 | KHR 4,000.00 |
| ≤ KHR 20,000,000.00 | KHR 8,000.00 |
| ≤ KHR 40,000,000.00 | KHR 12,000.00 |
RFT (Real Time Funds Transfer)
RFT transfer is allow you to make the payments in KHR or USD within the network of all RFT members in REAL-TIME. The beneficiary bank may receive the money immediately after the transaction process has completed.
There are two type of RFT:
- Account Based
- Phone Based
| Transaction Amount in KHR | Fee For Sender Member | Fee for Receiver Member | Processing Fee* for NCH | Total Fee |
|---|---|---|---|---|
| 0 ＜ ~ ≤ 4,000,000 | 1,800 | 1,000 | 200 | 3,000 |
| 4,000,000 ＜ ~ ≤ 20,000,000 | 3,800 | 2,000 | 200 | 6,000 |
| 20,000,000 ＜ ~ ≤ 40,000,000 | 5,800 | 3,000 | 200 | 9,000 |
| 40,000,000 ＜ ~ ≤ 100,000,000 | 7,800 | 4,000 | 200 | 12,000 |
| 100,000,000 ＜ ~ ≤ 200,000,000 | 9,800 | 5,000 | 200 | 15,000 |
Fees: (UNIT USD)
|
Transaction Amount in USD
|
Fee For Sender Member | Fee for Receiver Member | Processing Fee* for NCH | Total Fee |
|---|---|---|---|---|
| 0 ＜ ~ ≤ 1,000 | 0.38 | 0.25 | 0.13 | 0.76 |
| 1,000 ＜ ~ ≤ 5,000 | 0.88 | 0.50 | 0.13 | 1.51 |
| 5,000 ＜ ~ ≤ 10,000 | 1.43 | 0.75 | 0.13 | 2.31 |
| 10,000 ＜ ~ ≤ 25,000 | 1.93 | 1.00 | 0.13 | 3.06 |
| 25,000 ＜ ~ ≤ 50,000 | 2.43 | 1.25 | 0.13 | 3.81 |
Bakong (Real Time funds transfer)
Bakong is the latest generation of Mobil 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)
