Terms and Conditions

  1. A minimum initial deposit of USD10.00 or equivalent in other currencies is required for a Saving Account.
  2. Savings interest rate is determined and subject to change at the Bank’s sole discretion from time to time. Interest earned is subject to withholding tax defined by applicable Cambodian laws and regulations.
  3. If the account is not operative for 12 months or more, the Bank will charge USD10.00 or equivalent in other currencies per annum.
  4. The savings account passbook is provided for free upon opening a savings account. The Passbook is not allowed to be transferred, changed name, or used as collateral to secure any liability.
  5. For any transaction made over the counter, the updated of this passbook will be made at the same time.
  6. You must check and review each entry in this passbook to ensure accuracy before leaving the counter and promptly advise the Bank of any incorrect entry.
  7. You must keep this passbook in a safe and secure place.
  8. In case this passbook is stolen, lost or damaged, please inform the Bank immediately. The Bank will issue a new passbook with the replacement fee of USD5.00 or equivalent in other currencies together with any penalty or indemnity as may be required by the Bank.
  9. The Bank reserves the rights to vary, supplement, delete, and amend the above Terms and Conditions without prior notice.

  1. For opening a Term Deposit Account, a minimum deposit is determined by the Bank.
  2. This Term Deposit Certificate is provided for each new deposit.
  3. This Term Deposit Certificate is not transferrable or assignable.
  4. The Term Deposit interest rate is determined and subject to change at the Bank’s sole discretion from time to time. Interest earned is subject to withholding tax defined by applicable Cambodian laws and regulations.
  5. You must keep this Term Deposit Certificate in a safe and secure place.
  6. In case this Term Deposit Certificate is stolen, lost or damaged, please inform the Bank immediately. The Bank will issue a new Term Deposit Certificate with the replacement fee of USD5.00 or equivalent in other currencies together with any penalty or indemnity as may be required by the Bank.
  7. The Term Deposit Certificate must be presented and returned to the Bank for any withdrawal of the Term Deposit.
  8. For premature withdrawals, the standard interest rate for savings account will be applied.
  9. The Bank reserves the rights to vary, supplement, delete, and amend the above Terms and Conditions without prior notice.

  1. Please check your deposit slip before leaving the counter and inform the Bank immediately if there are any discrepancies.
  2. This deposit slip is only valid when signed by our authorized officer(s) or validated by our teller machine .
  3. Amendment to this slip has to be signed by the Bank’s officer(s).
  4. All cheques are accepted for collection only. The fund will not be available until the cheques are cleared or a special arrangement has been made with the Bank.
  5. We reserve the right to debit your account with cheques credited but subsequently returned as unpaid.
  6. Please keep this slip for future reference.

  1. Please check your withdrawal slip before leaving the counter and inform the Bank immediately if there are any discrepancies.
  2. This withdrawal slip is only valid when signed by our authorized officer(s) or validated by our teller machine.
  3. Amendment to this slip has to be signed by the Bank’s officer(s).
  4. Please keep this slip for future reference.

  1. Please check your transfer slip before leaving the counter and inform the Bank immediately if there are any discrepancies.
  2. This transfer slip is only valid when signed by our authorized officer(s) or validated by our teller machine.
  3. Amendment to this slip has to be signed by the Bank’s officer(s).
  4. Please keep this slip for future reference.

  1. Please check your foreign exchange slip before leaving the counter and inform the Bank immediately if there are any discrepancies.
  2. This foreign exchange slip is only valid when signed by our authorized officer(s) or validated by our teller machine .
  3. Amendment to this slip has to be signed by the Bank’s officer(s).
  4. Please keep this slip for future reference.

  1. ASIA-PACIFIC DEVELOPMENT BANK PLC. (hereinafter referred to as “the Bank”) may select Correspondent Bank, any relevant banks including the paying bank and collecting bank, unless otherwise request separately by the applicant.
  2. Encashment or payment of the draft or of the funds transferred is subject to the rules and regulations applicable in the country where payment is to be made.
  3. Demand Draft (DD) and Banker’s Cheque (BC) issued by the Bank will be crossed unless instructions to the contrary are given and will be valid for six (6) months from the date of issuance.
  4. The Bank, its branches, Correspondent Banks or agents shall not be liable for any damages or losses caused by any act, decree, or order of any government or governmental agency or as a result or in consequence of any other causes whatsoever which is beyond the control of the Bank or its branches, Correspondent Banks or agents.
  5. The Bank is permitted to make use of any of its branches, correspondents or agents, or any other agencies to effect the payment of the Demand Draft (DD) or the transfer of the funds on behalf of its customer.
  6. Telegraphic Transfer is sent by wire, cable, or telex or through any other channels, coded as required, entirely at the applicant’s own risk. Neither the Bank nor any of its Branches, Correspondent Banks, and agents shall be liable for any consequence which may arise through interruption, omission, error, misinterpretation, mutilation, loss, or delay in transmission.
  7. The Bank shall endeavor to transmit a Telegraphic Transfer within the same working day or next business day, the Bank or its agents are not liable for any delay in payment if the transaction is delayed due to agents in different time zone or delay which may be caused by non-business days in other countries.
  8. While the Bank will execute payment order on the same day or next business day (depending on the time of receipt) upon receipt of the payment order from another financial institution, the Bank is given the time to seek confirmation or make enquiries from the remitting bank or any other relevant party if the payment instruction is not in order or incomplete or if there are any discrepancies.
  9. If the Bank is still in possession of the funds, any refund by the Bank for the amount of the DD or BC or of the funds transferred (including those returned) will only be made to the applicant at the Bank’s sole discretion (less all costs, interests, charges and any expense incurred) subject to the compliance of such Terms & Conditions set by the Bank which may vary from time to time. If the amount of the foreign DD or the fund transferred is in foreign currency, the applicable exchange rate (buying rate) of the day the refund is made will be used. However, this is subject to any restrictions which may be imposed by the Bank from time to time. In the case of BC or DD, the refund shall be made only upon receipt of the original BC or DD by the Bank duly endorsed by the applicant.
  10. If the BC or DD is lost, stolen, or destroyed, the applicant may request the issuance of a replacement. However, the applicant must provide the Bank with the letter of Indemnity protecting the Bank against any loss or liability in respect of the lost, stolen, or destroyed BC or DD or such other documents as may be required by the Bank. The applicant must bear the cost of new issuance of the BC or DD and the fee for any replacement issuance may be imposed by the Bank from time to time.
  11. The applicant hereby authorizes the Bank to debit from his/her selected account(s) the amount to be transferred and the relevant fee charge (where applicable).
  12. The applicant warrants that the information and particulars for the remittance provided by him/her are accurate and sufficient. The Bank and its branches, Correspondent Bank and agent hold no liability for any cancellation, suspension, delay or mistaken transfer resulting from insufficient or inaccurate information provided by the applicant.
  13. The applicant shall immediately notify the branch where the application was made in writing, of any non-receipt of funds by the beneficiary. Upon receipt of such written notice duly given by the applicant, the Bank shall look into the applicant’s complaint and the necessary investigation and rectification, if any. All costs, expenses, and charges incurred are to be borne by the applicant.
  14. All charges incurred outside Cambodia are to be borne by the beneficiary unless instructions to the contrary are given.
  15. The Bank may in the ordinary course of business disclose information in relation to the applicant’s affairs or accounts without the prior consent of the applicant:

    1. To any bank or financial institution for any investigation of whatsoever nature to be made.
    2. For or in connection with any action or proceedings taken for the purpose of recovery of monies due and payable by the applicant to the Bank.
    3. To any authority or body established by the National Bank of Cambodia or any other authority having jurisdiction over the Bank and as directed or requested by the Court.

  16. The Bank reserves the right to disclose any information thereof to its branches, head office, or the government for regulatory reporting purposes as required.
  17. The Bank shall be entitled at its sole discretion without assigning any reason thereto to refuse and/or to reject and/or to cancel and/or to decline and application for a BC, DD, and/or TT if the Bank suspects that the proceeds of the payments have been illegally obtained and/or monies are remitted for any illegal purpose whatsoever or in the event that the Bank is not satisfied with any information and/or details provided by the applicant in support of this application.
  18. the Bank reserves the rights to vary, supplement, delete, and amend the above Term and Conditions without prior notice.
  19. By signing this application, the applicant agrees to these terms and conditions.

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