More Freedom: Open Cambodian Bank Account With Crypto Top Up Via App
A bank account that you can top up with crypto, in a country that does not report financial information to other countries - and this without even going to Cambodia, ever!
When I tell people the first time about the possibility to open a bank account in Cambodia, a country in South East Asia many people do not much know about, without ever going there even, the reactions are pretty mixed.
Some just do not believe that it is possible, at all, to open a bank account there as a foreigner without the need to travel; others think it is per se ‘illegal’ to do it - and both are wrong. Cambodia has just a pretty based financial industry that offers the freedom to open bank accounts, businesses,... as a foreigner.
And the 'illegal' part... well, it depends what YOU are doing with it.
‘Banking in Cambodia? Nator, Are You Nuts?’
While Cambodia is a small and rather poor country, their banking industry is growing and puts a focus on digital solutions and the adoption of cryptocurrencies, too. A lot of money from China goes through the country, hence the banks have no liquidity issues, while bank account savings in Cambodia are insured with up to $50,000.
Cambodia is also one of the few countries that has not signed the CRS (Common Reporting Standard) agreement, an international agreement that ensures global communication between financial institutions and tax authorities; that said, the U.S. has a different agreement; bank account opening for U.S. citizens in Cambodia is not possible.
‘Who Is Organizing The Account Opening Exactly?’
The account opening is organized by my business partners, expats who have been living and doing business in Cambodia for a long time already - I personally vouch for them, as well as for the product itself. The will guide you through everything, full support in English language is guaranteed.
That said, please understand that at this stage, the names of available banks can not be revealed, as many people try to circumvent us. That said, I have done my due dilligence on all of them; of course, as I also opened accounts there.
‘OK OK; What Does It Cost?!’
Package 1
Online Account (No Travel Required)
Price $1,150
Key Details:
- Traditional bank account fully set up online (app installation selfie, remote verification)
- Physical cards (Union Pay & VISA) with daily limits up to $100,000, shipped globally to your address
- Dedicated app for 1-minute USDT --> USD conversion and instant deposit to the bank account, exchange fee 2.25%
Package 2
On-Site Account (Visit Cambodia)
Price $670 (Express Service, 7d)
Key Details:
- Two traditional bank accounts, including SWIFT
- Master Card, Visa & Union Pay Cards with daily limits up to $50,000, no maintenance fee
- Business Visa for 6 months included
If you are interested, feel free to send me an E-Mail (cr1337 [at] tuta.io) or DM me on X.
P.S.: The Cambodian bank account is perfect for all of you who might start their adventure as digital nomad soon! ;)