- Send money online within minutes
- Large range of destinations
- Able to send to cash pickup locations
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The southeast Asian nation of Cambodia boasts a wonderful array of attractions for tourists, from the ancient majesty of Angkor Wat through to the bustling modern city of Phnom Penh. So if you need to send money to Cambodia - maybe a friend or relative of yours is travelling through Cambodia and has run out of cash - it’s always a good idea to shop around and find the most affordable transfer option.
When you need to send money overseas, one of the first transfer options you can choose from is your bank. Most Australian banks will make it easy for you to send money to Cambodia - the problem is that they will usually charge high fees and take more than their fair share of your money through poor exchange rates.
In response to the disappointing deal offered by banks, recent years have seen the emergence of a range of specialist money transfer companies. These providers are experts when it comes to transferring money abroad, and they can usually do so much more cheaply than the banks. Their exchange rates are better, their fees lower, and they offer safe and secure online transfers to destinations around the world.
Bianca needs to send an urgent cash transfer of $1,000 to her sister Jamie-Lee. Jamie-Lee is backpacking through Cambodia but has unexpectedly run out of money, so she needs a quick injection of cash from her sister as soon as possible. In an effort to find the best possible deal, Bianca compares her bank to a specialist transfer company.
|Australian bank||Cash pickup transfer company|
|Exchange rate||1 AUD = 0.6664 USD||1 AUD = 0.6878 USD|
|Transfer method||Bank transfer||Cash transfer|
|Processing time||10 minutes||10 minutes|
|Amount received (in USD)||$651.73||$687.80|
|Difference||+ $36.07 USD|
Bianca is unable to transfer KHR or the Cambodian Riel as it’s an exotic currency. By using a specialist service, she can save $36.07.
If your beneficiary in Cambodia needs an urgent cash transfer, there are several companies that offer this type of service. However, you should be aware of the fact that these transfers tend to cost more than online transfers. High fees and poor exchange rates usually apply, so it’s always a good idea to review the full cost of your transaction before you actually commit to it.Back to top
If you want to send a fast cash transfer from Australia to Cambodia, Western Union and MoneyGram can help. With hundreds of thousands of locations around the world, they specialise in convenient international transfers. You can see the details of some Cambodian cash pickup locations below - just make sure you have photo ID and a transaction ID number handy when picking up cash.
The Department of Foreign Affairs and Trade advises Australian visitors to Cambodia to exercise normal safety precautions. And no matter where you are in the world when picking up cash from a transfer agent, it pays to keep the following safety tips in mind:
Although different transfer companies have different transfer methods, you will usually need to:
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Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
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