Which type of bank account is best for everyday transactions in Cambodia?
The most suitable bank account for day-to-day transactions will vary depending on the specific requirements of the individual or business. A checking account is typically chosen for daily transactions, providing services such as check writing, debit card usage, and online bill payment, while a savings account is perfect for holding funds and accumulating interest. Cambodian banks offer businesses competitive fees, helping them to effectively control operational expenses and improve financial effectiveness.