Prince Bank Plc. - Business Bearing Interest Account

Business Bearing Interest Account

Manage your cash flow to support your business and gain high interest rate with minimun effort.

Business Bearing Interest Account

Manage your cash flow to support your business and gain high interest rate with minimum effort.

Prince Bank understands that your business operations require flexibility in your transactions. With Business Bearing Interest Account, you are able to gain highly progressive interest rate that is calculated daily to smoothen and fit your business situation.

Key Features and Benefits

Available in two currencies (USD/KHR)
Offers high interest rate of up to 2.75% p.a.
Initial deposit equivalent to 5,000 USD
Minimum balance of only 50 USD or equivalent

Interest Rate (p.a.)

Balance in USD (equivalence)	=< 5,000	> 5,000 to 10,000	> 10,000 to 20,000	>20,000 to 100,000	> 100,000
USD Interest Rate (p.a.)	1.25%	1.50%	2.00%	2.25%	2.50%
KHR Interest Rate (p.a.)	1.50%	1.75%	2.25%	2.50%	2.75%

Note:

Withholding tax on interest earned is 4% for residents.
Interest rates are subject to change from time to time without prior notice.
p.a. stands for per annum

Eligibility and Documentation

Identification documents of the Authorized Signatories and Boards of Director(s)
Cambodian National ID or Passport of company's Director(s) or Shareholder(s)
Certificate of Incorporation from Ministry of Commerce
Latest Memorandum and Article of Association
Letter of Approval from Ministry of Commerce
Annual Declaration of Commercial Enterprise
Original Board of Director(s) and Shareholder(s) Resolution
Other business-related documents (if required)

Business Bearing Interest Account

Business Bearing Interest Account

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