Compare all the best ways to send money to Cambodia

The exchange rate plays a key role in determining how much KHR your recipient in KH will get.

For example, in the past 7 days average rate for USD to KHR was 3,995.8676 KHR.

Since USD-KHR exchange rates fluctuate with market conditions, waiting a couple of days could result in a better rate, giving your recipient more KHR.

If you need to make an urgent transfer, we recommend using Wise, which consistently offers the best rates for Riel transfers.

The most cost-effective way to fund your transfer to Cambodia is through a bank transfer with Wise, which is 0.8% cheaper than the second-best service.

The way you fund your transfer to Cambodia impacts the cost, speed, and how much KHR the recipient will receive.

Based on our live data for a $7,000 transfer from the US to Cambodia, the following are your best options:

• Wise with bank transfer deposit costs $60.74 and has a -0.07% markup.

• Remitly with a debit card deposit costs $0 with 1.61% markup.

We suggest against using bank transfer, as they tend to be the most expensive option for KHR transfers.

Credit card transfers may incur cash advance fees and higher interest rates on KHR, and are usually more expensive.

Whenever possible, avoid transfers via the SWIFT network to KH. SWIFT transfers to Cambodia are slower and come with higher fees.

Instead, look for a cheaper option such as ACH or account balance.

Money transfer companies often have min and max limits on how much KHR you can send.

The amount you transfer can also affect the fees and the KHR exchange rate you receive. For instance, Wise is the best choice for sending large amounts to Cambodia.

Additionally, there may be government-imposed restrictions, commercial limitations, and other factors that influence the amount of KHR you can send.

This is why it’s really important to compare your options when transferring money to Cambodia.

The speed of sending Riel to Cambodia depends on factors like the amount, timing, deposit, and withdrawal method chosen. Typically, faster transfers come with higher fees.

For example, based on a $7,000 transfer to Cambodia:

Use Xoom for fastest transfers

Of the 4 companies offering KHR transfers, Xoom consistently offers the fastest delivery times across all deposit methods.

For bank account & card deposits use Xoom

Xoom offers fast and affordable Riel transfers, with fees of around $0 for bank deposits and $0 for debit card deposits, plus a small 2.3% markup on top of the KHR rate.

For urgent transfers use cash transfer

If you need money urgently, we recommend cash pickup services through providers like Western Union or MoneyGram.

Avoid the SWIFT network

Avoid using SWIFT transfers for KHR transfers. Due to intermediary banks on the way to Cambodia, SWIFT is slower and comes with higher fees.

There are a few different ways to move money to Cambodia:

Money transfer services

You can transfer money online using an FX broker (managed service) such as OFX or an online-only company (self-managed) such as Wise.

Based on our analysis, Wise stood out as the top money transfer company servicing Cambodia.

Mobile apps and e-wallets

Most money transfer services that accept Cambodia offer mobile transfer apps, which often have better deals on KHR exchange rates.

You can check our guide on the best money transfer apps to find one that suits your needs.

Cash transfers

Cash transfers to Cambodia are sent in person through services like Ria Money Transfers, MoneyGram, or Western Union.

Transferring Riel as cash is almost always instant but requires the recipient to visit a nearby agent in Cambodia to collect the KHR.

Bank wire transfers

You can transfer Riel via your bank.

We strongly recommend not using your bank to wire KHR directly to Cambodia due to high fees and slow transfer times.

Instead, use the bank transfer deposit option with Wise and send KHR from there.

There are multiple ways to receive money in Cambodia. Picking the right one can save you on fees and speed up the KHR transfer process. Here are your options:

Deposit to the bank account

To deposit money directly into a recipient’s bank account in Cambodia, we recommend Wise.

The card transfer will also land in the recipient’s bank account in Cambodia. Use Remitly to deposit with a debit card at just $0 per transfer.

Cash pickup and delivery

If the recipient in Cambodia needs KHR urgently or doesn’t have access to a bank account in Cambodia, cash pickup or home delivery are good options.

Mobile and digital wallets

You can receive KHR directly into digital wallets like PayPal, though this often comes with more limitations and costs more compared to services like Wise.

When sending money to a bank account or e-wallet in Cambodia, Riel will arrive without any involvement from the recipient.

However, if you're sending KHR as cash or transferring large amounts to Cambodia, the recipient may need the following:

• Government-issued ID: A national ID of Cambodia, a valid passport, or driver's license.

• Sender’s details: The sender's personal details such as full name and address.

• Transfer Details: The amount of KHR being received.

• Confirmation No.: This is usually given at the time of transfer.

• SWIFT Code / IBAN: Occasionally required for bank transfers.

The exact documents required may vary depending on the money transfer company and the transfer method used.

When sending bigger amounts to Cambodia, companies may request proof of funds such as bank statements and address verification with the utility bill in line with AML (Anti-Money Laundering) policies.

We recommend using Wise to send large amounts of Riel.

There may be tax obligations and government-imposed limits or restrictions on KHR transfers/payments to KH.

Some KHR transfers could be subject to taxes such as gift tax or commercial tax.

Even if no limits or taxes apply, certain KHR transfers (especially large sums of Riel) may need to be reported to the tax authorities in Cambodia or in your country.

When unsure, it’s best to consult with a tax professional in Cambodia or your home country to ensure compliance with the regulations.