Free yourself and your company the additional Payroll workload and leave it to the expert.
Do you have a high volume of regular payments to make to your creditors and employees? Our Payroll Account has the services that can cater to your needs and interests.
Key Feature and Benefits
- Available in two currencies (USD/KHR)
- Easy financial management, allowing you to deposit and withdraw when you like
- Zero initial deposit
- Zero maintaining balance
- Free passbook
- Saves you and your company money and time
- Streamlines your transactions
- Minimizes the chance of errors or frauds
- Eliminates handling large volumes of cash for employee salary
Interest Rate (p.a.)
- Offers interest of up to 1.25% p.a.
- Withholding tax on interest earned is 4% for residents and 14% for non-residents.
- Interest rate is subject to change from time to time without prior notice.
Eligibility and Documentation
For Personal Consumer
- 18 years old and above
- Cambodian National ID or Passport
- Or any two from the following: Driving License, Family Book, Residential Book, Birth Certificate, Monk’s Card or Government Official ID. (One must have your photo in it.)
For Business Consumer
- Memorandum and Articles of Association, Business Registration Certificate or Partnership
- Identification document of account holder
- Permit letter to operate business
- Patent, VAT letter and any kind of Taxation letter
- Identification document of Director, Shareholders or Partners
- Proxy letter or resolutions of Board of Directors or Company Director for account opening
- Other related documents